Business

Open this photo in gallery:Prof. Suzuki is delivering presentations in Toronto, Ottawa and Calgary addressing the similar challenges facing Canada and Japan. Steven Chase/The Globe and MailOttawa should be mindful of the risks of deepening trade with China because Beijing could leverage it for economic coercion in the future, says a prominent Tokyo-based academic on a Canadian speaking tour, sponsored by Japan’s government. Kazuto Suzuki is a professor at the University of Tokyo’s Graduate School of Public Policy and a member of the government’s Council for Japan’s Growth Strategy, which aims to strengthen economic security. “If you increase dependency on China, be careful, be aware of the risks that China could use that as a weapon against you,” Prof. Suzuki said in an interview Thursday. He was speaking of Prime Minister Mark Carney’s efforts to attract Chinese investment and boost trade with Beijing. Mr. Carney and Chinese President Xi Jinping are expected to meet next month at the Asia-Pacific Economic Cooperation summit in Shenzhen and talk about next steps in a “strategic partnership” struck this year. Prof.

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

Internal records obtained by the Toronto Star show iGaming Ontario, the government agency responsible for online gambling, secretly shelved a research study intended to track rates of problem gambling in the province. The government agency responsible for online gambling in Ontario secretly shelved a research study intended to track rates of problem gambling in the province.iGaming Ontario commissioned the study in the months before the province launched its regulated online market for sports betting and casino games in April 2022. The agency had vowed to make the research public, saying it would establish a baseline for problem gambling in Ontario while informing how they tailored their responsible gambling program.

After the province signed a deal to buy electricity from New York state, readers weighed in on planning, politics and where Ontario’s power should come from. The deal, which starts Nov. 1, comes as the Pickering nuclear plant is offline for a multi-year refurbishment. Many readers questioned the planning behind it, while others debated which energy sources Ontario should rely on. Here’s what you had to say:

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

EquitiesGlobal markets steadied after heavy selling in the previous session when investors dumped tech shares as questions about cloud ​company CoreWeave’s debt pile fuelled worries about the financing driving the ‌AI boom. Wall Street futures were mixed with the Nasdaq lower after major North American markets closed up yesterday. TSX futures pointed higher. In Canada, investors are getting results from A&W Food Services of Canada Inc. On Wall Street, markets are watching earnings from Travelers Cos. Inc., Truist Financial Corp. and M&T Bank Corp. “Global markets are getting very noisy once again ​after a period of low volatility: Wall Street is whipsawing, bond yields are swinging, currency markets are doing backflips, and commodity prices are running in multiple directions,” Kyle Rodda, a markets analyst at Capital.com, wrote in a client note. “Global markets could potentially be in for a protracted period of this sort of volatility,” he added, with tech companies due to announce earnings in coming weeks, and markets also attempting to gauge the trajectory of key ⁠interest rates. Overseas, the pan-European STOXX 600 was up 0.45 per cent in morning trading.

In his early days in the 1970s, Michael Murray was was a wild one, Saturday night dancing at the New Haven Legion and just generally carousing and making life unpredictably

Last month, the case of Sun Meihua (孫美華) rattled China before her name disappeared from the internet. The now 58-year-old Beijing-born woman was found in a village in Cao County, Shandong Province, by a Douyin vlogger, Chuxin (初心). After 26 years, videos of Sun appeared online, looking frail and hungry, eating a plate of noodles Chuxin had handed her. Sun had been diagnosed with schizophrenia and went missing in August 2000 after her husband allegedly left her at an intersection near her parents’ house, reports the independent media outlet Free Nora (自由娜拉), which monitors human trafficking and abuse against minorities in China. According to another outlet, The Aquarian (水瓶紀元), her family tried to report her disappearance, but the police did not open a case.

Ericsson is ‘dissolving’ its enterprise wireless unit but keeping its private and neutral-host 5G portfolios, betting on R&D synergies and indoor connectivity, notably with Starlink-style satellite systems. But with Nokia’s retreat, the question remains: is Big Telecoms quitting the scene? Enterprise wireless – Ericsson has shunted its private 5G and neutral-host portfolios into its networks division

The Toronto-based insurer drops the space in its name, as its survey across six Asian markets and North America finds most people lack full plans for illness, caregiving and retirement Sun Life has rebranded globally as Sunlife, merging its name into a single word and adopting a new logo and the tagline “Making life brighter.”

Sun Life has rebranded globally as Sunlife, merging its name into a single word and adopting a new logo and the tagline “Making life brighter.” The Toronto-based group said the change reflects how far it has grown beyond its origins in life insurance into asset management, health, wealth and insurance. The new logo is a modernized, simplified version of its sun globe design, built for digital use.

Some businesses in Jersey have expressed concern about the impact of rising global fuel prices. Locally, and in the UK, diesel prices recently topped £2 a litre, and global leaders have since made efforts to ease the strain on supply. The Government of Jersey has proposed to freeze fuel duty in 2027 in a bid to "help ease cost-of-living pressures". A&A Scaffolding Solutions said it welcomed that move, but said it would provide "limited relief if global prices continue to rise". Fuel duty was frozen in Jersey from 2023-2025, before rising in line with inflation in 2026. In the proposed budget for 2027, the government has suggested freezing it once again. It said "maintaining fuel duty at its current rate will help avoid additional costs for households and businesses that rely on transport, providing continued support at a time when many islanders remain under financial pressure". However, some businesses on the island worry that it will not be enough to offset global prices. Kelly Keating, from A&A Scaffolding Solutions, said "rising diesel prices are a real concern for us, particularly when they come on top of so many other costs that seem to be increasing across Jersey".

Crude oil prices were on course to book a weekly gain earlier today, amid continuing Iranian strikes on tankers in the Strait of Hormuz and a substantial inventory draw in the United States, at 8.56 million barrels for the week to October 9. At the time of writing, Brent crude was trading at $105.48 per barrel, with West Texas Intermediate at $97.40 per barrel. Both were off highs touched earlier in the week, but still higher than last Friday. “Uncertainty in the Middle East and concerns over the sustainability of oil flows through the Strait of Hormuz have the market pricing in a significant risk premium,” ING’s commodity team said in a note earlier on Friday. “The longer this pickup in flows continues, the more likely the market will start giving back some of this risk premium,” Warren Patterson and Ewa Manthey said, adding, however, that “In order to see a full removal, there needs to be some kind of agreement between the US and Iran.”Kpler, meanwhile, reported that Iranian strikes on tankers in the Strait of Hormuz had driven oil flows sharply down.

A business owner has said street closures linked to a flyover demolition nearly forced his firm to permanently shut. Phil Davies, who runs Downcast Studios next to Park Lane roundabout in Gateshead, said his company had been left as "collateral damage" following closures linked to the demolition of the Gateshead Flyover which suddenly shut in December 2024 due to safety concerns. Residents who were offered council compensation for disruption caused by the structure's flattening also said they felt the authority had let them down. The council said it did not offer compensation to businesses affected by roadworks and the demolition had been carried out in a "responsible fashion". Davies said revenue at his business, which consists of a live music venue, rehearsal space and a restaurant, had fallen by 80% since the works began - roughly worth about £30,000 - due to the diversions that had been put in place. "We used to have about six to 10 bands [rehearsing] a day," he said. "We've got about one to two now. "The flyover's demolition was completed last month but some footpath closures remain in place.

Repairing the economic damage of Brexit should be the top priority for Andy Burnham as he reconsiders Labour’s red lines on EU membership, the head of one of Britain’s leading business groups has said. Shevaun Haviland, the director general of the British Chambers of Commerce (BCC), said she welcomed the prime minister reopening the Brexit battle lines despite the uncertainty it could create, arguing that the UK’s current trading relationship with the EU was bad for business. “We do think it’s right, because of what we know from the evidence of how businesses feel it’s not working,” she said. Highlighting the continuing economic hit from Brexit, Haviland said more than half of bosses surveyed by the business lobby group believed the deal negotiated by Boris Johnson’s government and enacted in 2021 was not helping them. “We expected it to be very difficult at the beginning, when [companies] were getting used to the new rules, and then it would sort of get easier as it went to along. But actually, that has not happened,” she said.

Stay upated with the latest news!! Supreme Court rules YES Bank’s AT1 bond write-off illegalLet’s begin with Yes Bank, where the Supreme Court has ruled that the ₹8,400 crore write-off of AT-1 bonds in 2020 was illegal and arbitrary. The decision offers relief to bondholders, but experts warn it could create regulatory uncertainty. Despite the ruling, Yes Bank shares fell around 13% on Thursday. Air India cuts Europe flights in network rejig, adds services to Australia, JapanNext, Air India is cutting some European flights while expanding services to Australia and Japan, as rising fuel costs and Pakistan airspace restrictions put pressure on its operations. Flights from Delhi to Copenhagen and Vienna will be suspended, while services to Birmingham, London Gatwick and San Francisco will be reduced. On the other hand, flights to Sydney will increase to 11 per week, and a new service to Osaka will launch in February. India says first phase of US trade deal finalisedTurning to India-US trade ties, the first phase of the proposed trade deal has been finalised and is now undergoing legal drafting.