Toronto staff is recommending selling $600 million worth of city assets – including a 10 per cent stake in Toronto Hydro – as a way to pay down Toronto’s ballooning capital debt. And Mayor Rob Ford told reporters Tuesday that he thought it would be a good move. More >

A Toronto printer and acclaimed classical pianist accused of a multimillion-dollar fraud stretching back six years was arrested Tuesday, with a court appearance set for next month.

Tzvi Erez, 44, faces 10 charges of fraud, one for each alleged victim, encompassing losses of around $9-million.

Mark Garfield Moore, an aspiring Toronto rapper who appears on a video flashing chunky jewellery and $100 bills, has now been charged with murdering four men in three separate drive-by shootings in crime-ridden parts of the city last year.

Mr. Moore was also charged in connection with a jewellery store robbery last summer where one of his musical associates, Kevin William, a rapper known by the stage name Mayhem Morearty, was also charged two weeks ago.

IBM has announced plans to acquire Toronto’s Platform Computing in a move that will make the grid computing company’s wares more broadly available through IBM’s community of business partners. More >

Toronto’s main stock index rebounded strongly on Wednesday after three days of losses, posting its biggest gain in more than a week as commodities
rallied and U.S. economic data came in better than expected.

Leading the market higher were battered energy shares as U.S. oil futures settled more than 5 percent higher, boosted by
a big drawdown in domestic crude stocks and the positive economic data.

Suncor Energy (SU.TO) surged 8.1 percent to C$27.50 and Canadian Natural Resources (CNQ.TO) jumped 6.2 percent to C$30.68.

The Ontario Court of Justice ruled Wednesday against a dairy farmer who was acquitted last year of producing, selling and distributing raw milk.

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“Where Do We Go Now?” a bittersweet comedy set in war-torn Lebanon, bested two well-received entries starring George Clooney to win the people’s choice award on Sunday at the Toronto International Film Festival.

The award, which also includes a $15,000 cash prize, is voted on by festival audiences and has typically been regarded as a bellwether for Oscar success.

Lebanese-Canadian director-actress Nadine Labaki’s feminist film about village women bent on keeping their hot-headed men out of a religious war was chosen earlier this month as Lebanon’s 2011 entry in the best foreign language film category for the Academy Awards.

York Regional Police have charged a 47-year-old man with killing two of his co-workers — both aged 76 — at a Schomberg construction company on Tuesday.

Robert Abernethy, 47, of Schomberg, is charged with two counts of second-degree murder in the deaths of James Wilson of Orangeville, Ont., and William Allan Jones of Schomberg.

York Regional Police found two men on the floor after responding to a 911 call Tuesday morning at James Elliott Underground Construction. The business is a family-run drilling company located at Lloydtown-Aurora Road in Schomberg, about 60 kilometres north of Toronto.

Milos Kocic apologized after his first outing in the Toronto FC goal this season, left red-faced after a fumble gifted a goal to Nicaragua’s Real Esteli.

But the 26-year-old Serbian goalkeeper has been rock-solid ever since. Given a chance to play first in the CONCACAF Champions League and then the league, thanks to a leg injury to starter Stefan Frei, Kocic has gone 4-1-0 in goal.

He won MLS save of the week honours earlier this month for a reflex stop on Real Salt Lake’s Canadian forward Will Johnson. And the six-foot-four 200-pounder is up for the honour again after an acrobatic weekend save of a shot by Chicago’s Marco Pappa.

The Toronto condominium developer at the centre of a controversy over glass falling on the city’s streets, has announced it is replacing all of the glass in the balconies of three of its buildings.

The buildings, all in downtown Toronto, will have the existing tempered glass used in their balconies replaced with laminated glass.