Richard Warnica
TorontoStar
Canada
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Past articles by Richard:
Here’s why experts say an SVB-style banking collapse (probably) won’t happen in Canada
Last Friday, before markets opened on the East Coast, the U.S. Federal Deposit Insurance Corp. seized the assets of the Silicon Valley Bank (SVB). The move, which followed an internet-fuelled, 36-hour run on SVB’s deposits, shut down one of the most powerful financial institutions in the tech world and marked the single largest American banking failure since the financial crisis of 2008. So far,… → Read More
How much does Bank of Canada Governor Tiff Macklem earn? More than $463,000 — but not even Macklem knows exactly
The federal government hasn’t updated the pay scale for senior Bank of Canada officials since 2017. When it does, Macklem — and his predecessor — could earn retroactive pay. → Read More
Ontario consumers to pay new recycling fee on pop cans and other beverages starting April 1
Recycling system changes made by Doug Ford government allow new “pop can tax.” The itemized fee will likely be passed down to consumers from organization backed by Canada’s largest food and beverage companies. → Read More
Tony Staffieri: Key moments in his rise to the top job at Rogers
Born in Toronto to Italian immigrant parents, Staffieri rose through the ranks to land the top job at Rogers. → Read More
How Elon Musk, Sam Bankman-Fried and the Liver King taught us a powerful lesson in business — and in life
We have become so used to self-evident lies in public life that a confession, no matter how hedged or begrudging, now seems like a revelation. → Read More
Dog owners react to rash of dead raccoons in the city
Experts say that the cadavers don’t pose much of a risk to vaccinated pets, but owners should still take precautions. → Read More
Ontario’s battery recycling program is in chaos, Star investigation finds. Inside the feud leaving us with fewer venues for recycling hazardous waste
A business feud has put the province’s battery recycling program in jeopardy while Ford government sits on legislation that would allow the regulator to issue fines for non-compliance. → Read More
John Tory is the middle man. Is he bold enough to lead Toronto out of its post-pandemic crisis?
Tory is the frontrunner in this high-stakes election. But if the outcome of the race looks to be in little doubt, the future of the city Tory governs seems, increasingly, a lot less certain. → Read More
Queen Elizabeth II: Only 25 when she became Queen, she grew into a living symbol of endurance
For almost 71 years, through scandal and heartbreak, through national decline and local humiliation, Elizabeth II, Queen of, among other territories, Canada, kept it together for the cameras. → Read More
Toronto’s airport is now worst in the world for delays. Here’s how things went so horribly wrong
Inside the floor-sleeping, tarmac-waiting, line-winding, global-laughing-stock-making true story of what happened at Toronto’s Pearson airport this summer. → Read More
Pearson faces steep rise in flight cancellations as airport delays continue
Roughly 27 flights were cancelled per day last week, on average, according to aviation analytics. → Read More
Toronto police to lift mandatory COVID-19 vaccination policy
More than 100 employees who refused to show proof of vaccination will be allowed to return to work. → Read More
Feds announce funding bump for beleaguered airport security agency
While the additional funding revealed Tuesday does represent an increase on the initial CATSA budget, passengers should not expect to notice a dramatic change at the airport. → Read More
Genuine Tea says its packaging won’t end up in landfills — but most of it does. How its frustrated effort to go green reveals a broken system
Claims that packaging is “100% recyclable” are rife on everything from meal kits to coffee pods to candy bags, but only a small percentage of that packaging is actually recycled. Why solving the recycling puzzle is tougher than it seems. → Read More
Little green lies: We fill our blue boxes with plastic, but hardly any gets recycled — will Ford’s new system change that?
The shocking truth is the vast majority of plastic packaging in Canada ends up in landfills or is burned for fuel. Finally, new rules from the feds and Ontario’s new blue box program may help. → Read More
Toronto’s busted bins mystery: Why are reports of broken bins higher on the west side of the city than anywhere else?
Toronto’s west end has a higher reported rate of damaged garbage and recycling bins than anywhere else in the city. Is private contractor GFL to blame or is something else going on? → Read More
Ford government quietly overhauls troubled plan to hand off recycling program to private companies
A regulation approved last week and posted online Tuesday eliminates several of the most contentious features of the original plan, a once-in-a-generation revamp of household recycling in the province. → Read More
I did van Gogh yoga as the world burned. Here’s what I was hoping for — and what it was really like
The ad for a yoga class inside an immersive exhibit of paintings by Vincent van Gogh was an invitation to relax inside the massive, projected mind of the most famously mentally ill man in the history of Western art. → Read More
The Ford government is overhauling Ontario’s blue box recycling program — and critics say it will be a disaster
The new rules will off-load the entire cost of the program onto the companies that make packaging and other recycled materials — and put them in charge of running it, too. But the rules are so baffling, even key stakeholders say they don’t understand how it will work. → Read More
Land prices for select lots have tripled in a year — thanks to a new Toronto real estate rush that makes the housing market seem tame
Unable to ignore new online habits, businesses like Microsoft are scooping up industrial land and converting it into data centres and facilities to receive, store and ship out goods directly to consumers. → Read More