Today's top headlines from CBC Toronto

Good evening, these are your top stories for Thursday, May 15, 2025.
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Key takeaways from Ontario's 2025 budget

May 15 , 2025 at 06:10:04 p.m. EDT • :

The Ontario government's 2025 budget paints a grim picture of the province's economic future in the face of U.S. tariffs. As CBC's Mike Crawley explains, the province is battling falling revenues and a deficit that's expected to more than double in size.

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Ontario tables massive deficit in 2025 budget amid Trump tariffs

May 15 , 2025 at 04:02:47 p.m. EDT • :

Doug Ford's new budget is awash in red ink, with a $14.6-billion deficit planned for the next fiscal year largely to deal with the economic pain of a trade war with the United States.

Ontario Paralympian asks thieves to return hockey equipment, sports memorabilia after break-in

May 15 , 2025 at 06:38:39 p.m. EDT • :

A Canadian Paralympian gold medalist is asking thieves who stole a hockey bag of equipment and about $30,000 worth of sports memorabilia from a Newmarket storage locker to give the items back.

Canadian Tire to take over Hudson's Bay's iconic stripes, logos

May 15 , 2025 at 06:23:27 p.m. EDT • :

On Thursday, Canadian Tire announced it will pay $30 million to take over Hudson's Bays intellectual property, including its famous four stripes motif, various company names, logos, and the retailer's coat-of-arms symbol.

Motorcyclist dead, passenger in critical condition after Scarborough collision: Toronto police

May 15 , 2025 at 07:16:59 p.m. EDT • :

One person is dead and another is in critical condition after a collision involving a motorcycle carrying a passenger and another vehicle in Scarborough Thursday, police say.