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The Latest Breaking News from Ontario

A guaranteed basic income could end poverty, so why isn’t it happening?

On April 27, Senator Diane Bellemare published an op-ed in the Globe and Mail opposing a proposal for guaranteed basic income where all Canadian citizens and residents over the age of 17 would receive unconditional guaranteed sufficient income.

The Conversation

Paysafe Registers 3% Revenue Decline In Q1 Due To Mixed Segment Performance; Reiterates FY22 Outlook

Paysafe Limited (NYSE:PSFE) reported a first-quarter FY22 revenue decline of 3% year-on-year to $367.7 million, missing the consensus of $371.7 million. Total Payment Volume of $31.2 billion increased 13% Y/Y. Segments: US Acquiring revenue rose 10.3% Y/Y to $169.1 million, eCash revenue declined 10.5% Y/Y to $101.1 million, Digital Wallets revenue fell 13.4% Y/Y…

Benzinga

What Doug Ford's shift to the centre says about the longevity of populism

The Ontario Progressive Conservative (PC) government’s attempt at re-election brings to the forefront questions of Canadian conservatism and its viability, not just in the country’s most populous province.

The Conversation

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Nova Cannabis Q1 Sales Grow 171% YoY, Says Sundial Can Help It Extend Across Alberta & Ontario

Nova Cannabis Inc. (TSX:NOVC) (OTCQB: NVACF) released its unaudited condensed interim consolidated financial statements for the three months ended March 31, 2022.

Benzinga

FSD Pharma Closes CA$16.4M Sale Of Ontario Cannabis Processing Facility, Here's What's Next

FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRE: 0K9A) has closed the sale of the company’s former cannabis processing facility located in Cobourg, Ontario, Canada, for gross proceeds of CA$16.4 million ($12.65 million) in cash.

Benzinga

Canada plane crash mystery deepens with two murder suspects among dead

Investigation into the crash at Sioux Lookout revealed two of four passengers were fleeing murder and conspiracy charges

The Guardian - US

How prisons are using COVID-19 containment measures as a guise for torture

Newly reported data shows that torture continues in federal prison segregation units. It’s an ongoing feature of Ontario provincial jails too.

The Conversation

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Penn National Gaming Q1 Earnings Highlights: Revenue Beat, Guidance Raise, Barstool Sports And Canada Opportunities

Casino and sports betting operator Penn National Gaming (NASDAQ: PENN) reported first-quarter earnings Thursday morning. Here are the key highlights for investors.

Benzinga

Canadian wanted for Sandhu murder dies in plane crash

A Canadian wanted by police for the murder of an Indian gangster in Phuket has died in a plane crash in Canada.

Bangkok Post

Canada's Ontario to hold election next month as voters grapple with inflation

Canada's most populous province, Ontario, will hold an election next month with incumbent Progressive Conservative leader Doug Ford favored in polls and the campaign expected to focus on fighting inflation.

Reuters

Lithia Motors Acquires Sisley Honda Dealership In Ontario

Lithia Motors Inc (NYSE:LAD) and Pfaff Automotive Partners have acquired Sisley Honda, based in Thornhill, Ontario, for an undisclosed sum. The company expects the addition of Sisley Honda, one of the highest-volume Honda Motor Co Ltd (NYSE:HMC) dealerships in Canada, to expand its footprint. Sisley is a multi-generational family business founded in 1946 and…

Benzinga

Ontario election: Doug Ford's poor record on the environment and climate change

With Ontarians heading to the polls on June 2, Premier Doug Ford government’s advertising campaigns are ramping up.

The Conversation

Pure Sunfarms And NOYA Bring Cookies Sun-Grown Cannabis Flower To Ontario

Pure Sunfarms Corp. a wholly-owned subsidiary of Village Farms International, Inc. (NASDAQ: VFF) and NOYA Cannabis Inc. announced that Cookies sun-grown flower will be available in Ontario this month.

Benzinga

Drone carrying guns into Canada from US intercepted after crashing into tree

Police in Port Lambton, Ontario, called after device carrying shopping bag of guns flew into tree and operator fled in vehicle

The Guardian - US

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Tribune News Service

Stellantis' $2.8 billion investment secures future for Brampton, Windsor plants

The maker of Chrysler, Dodge, Jeep and Ram vehicles on Monday said it will invest $2.8 billion (3.6 billion Canadian dollars) into its Canadian operations for its electric transition, preserving the futures of both Windsor and Brampton assembly plants and creating its first battery lab in North America.

InsideEVs

Stellantis Pledges $2.8B To Retool Ontario Plants For EVs, Hybrids

Stellantis also said its Automotive Research and Development Centre will add 650 highly skilled engineering jobs and become North America's first battery lab.

Benzinga

Molecule Holdings Inc. Celebrates Spring Launch with PHRESH Summer Punch #1 Top Seller

Ottawa, ON – TheNewswire - April 28, 2022 – Molecule Holdings Inc. (CSE:MLCL) (OTC:EVRRF) ("Molecule" or the "Company"), a Canadian craft-focused cannabis beverage production company, is thrilled with the reception of their new beverages launched through Ontario Cannabis Stores (OCS) this spring.

The Conversation

Kindergarten educators with children at home struggled during the pandemic — mental health supports are needed

Concerns about the effects of school closures and COVID-19 disruptions over the past two years are still very much a concern for educators — including well-placed worries about how school closures have affected young learners.

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Benzinga

Stellantis Ramps Up Canadian Operations To Support Electrification Plans

Stellantis NV (NYSE:STLA) plans to invest C$3.6 billion ($2.8 billion) in its Windsor and Brampton (Ontario) Assembly Plants and to expand its Automotive Research and Development Centre (ARDC). The move supports Stellantis' strategy to invest C$45 billion ($35 billion) through 2025 in electrification and software globally. The investment brings the company's total investment…

The Conversation

Why Doug Ford will once again win the Ontario election

On June 2, Ontario residents head to the polls to elect a provincial government. The most likely outcome is that Doug Ford will be re-elected premier of the province and his Progressive Conservative party will win the most seats.

Daily Mirror

Man sues 16 friends who scooped £600,000 in lottery - insisting he gets a cut

Philip Tsotsos, from Windsor, Ontario, Canada, says he should be the 17th winner of the Maxmillion prize and is taking the matter to civil court to get a cut of the money

Reuters

Fatal incident at military college in Canada leaves four dead

Canada's Department of National Defence said on Friday that a probe was under way into a fatal incident involving a vehicle on the Royal Military College campus in Kingston, Ontario, which left four cadets dead.

Tribune News Service

GM starts preparing CAMI facility to be Canada's first EV plant

Construction to prep Canada's first full-scale electric vehicle manufacturing plant is now underway at General Motors Co.'s CAMI plant in Ingersoll, Ontario.

Benzinga

High Tide Buys Crossroads Cannabis For $1.48M In Stock, Adding 3 Established Retail Marijuana Stores In Ontario

High Tide Inc.

Reuters

Canada's military leadership failed to address discrimination, panel finds

The leaders of Canada's military have failed to address systemic racism and discrimination over the past two decades and that has harmed national security, a scathing report released on Monday by the minister of defense found.

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