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Why cash-strapped Canadians could soon be pushed to bankruptcy

“Wickedly high.” That’s how Doug Hoyes describes the amount of debt Canadians are carrying. And he would know: the licensed insolvency trustee spends his days working with people who are drowning in debt, at a time when consumer insolvencies are hitting the highest levels since the start of the pandemic. Interest rates are rising, a …

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Crisis negotiators called for ‘barricaded person’ in Mississauga

Crisis negotiators are in contact with a person who has barricaded themselves inside a building near Erin Mills Parkway and Eglinton Avenue West, according to Peel Regional Police. “We are in contact with a barricaded person who is alone,” according to the police department’s most recent tweet. “Negotiations continue, we request that the public stay …

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Torstar owner launches court application to break up NordStar

One of the partners in the company which controls the Toronto Star has applied to the courts to break up the partnership and order its assets auctioned off. The suit, led by Paul Rivett and his holding company Tevir Investments Inc., is seeking a court order to dissolve NordStar Capital, the partnership created by Rivett …

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Toronto councillor Michael Thompson charged with sexual assault

Toronto city councillor Michael Thompson has been charged with two counts of sexual assault. His lawyer says Thompson will plead not guilty to the charges. Meanwhile, the councillor has resigned the ceremonial post of deputy mayor, at the request of Mayor John Tory. The charges against Thompson were laid by Bracebridge OPP, lawyer Calvin Barry …

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Will the coming recession be ‘mild’? Perhaps. But painless? Don’t count on it

A fourth forecaster has projected a little recession for Canada, and this time it’s supposed to start next week. Deloitte Canada joins economists at Bank of Montreal, Desjardins and Royal Bank in seeing two straight quarters of “mild” economic contraction in our near future — perhaps as soon as the fourth quarter of 2022 which …

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Jeremy Mackenzie arrested near Halifax on warrant over weapons charges

RCMP in Nova Scotia have confirmed the arrest of Jeremy Mackenzie, founder of the far-right Diagolon group, on weapons charges. Mounties said Mackenzie was arrested Wednesday in Cole Harbor, near Halifax on a warrant stemming from charges in Saskatchewan. “At approximately 2 pm today, Jeremy Mackenzie was arrested on Bissett Rd. in Cole Harbor, in …

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Ontario opens bivalent Omicron-targeted vaccine booster bookings for adults, some kids

Ontario is expanding its offering of Omicron-targeting bivalent COVID-19 boosters to all adults in the province on Monday. While people in vulnerable communities — long-term-care and retirement home residents, people 70 and over, severely immunocompromised people — were able to receive bivalent boosters beginning Sept. 12, the rest of the population 18 and older had …

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Prices for liquor, food — even holidays — to soar higher as loonie tumbles against US dollar

As he sits down at his desk and boots up his computer each day, the first thing Steve Bamford does is visit a currency exchange website. No, he’s not in the world of high finance. But these days, with the loonie tumbling, the veteran produce wholesaler needs to keep his eye on just where the …

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Chrystia Freeland has $20B to spend. Here’s what she shouldn’t do with it

If you, like Finance Minister Chrystia Freeland, suddenly had a few extra billion dollars land on your doorstep, what would you do with it? Not what the United Kingdom is doing in the guise of fighting inflation right now. Britain’s brand-new finance minister, Kwasi Kwarteng, presented a mini-budget last week that immediately sent the British …

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Is artificial intelligence the pill that health care needs?

Scheduling nurses in the emergency department of St. Michael’s Hospital used to be a painful four-hour-a-day job. Now it’s done in 15 minutes thanks to an automated program built by data scientists at Unity Health, where a team of more than 25 employees is harnessing artificial intelligence and machine learning to improve care. Unity Health …

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