The Toronto stock market and the Canadian dollar headed higher Monday, reassured by remarks from the U.S. Federal Reserve and positive news from Europe.

The OLG's grand expansion scheme to pump a billion dollars into provincial coffers by building a new casino in the Greater Toronto Area is being touted as a winning economic benefit to the area, but existing gaming facilities may end up as the losers.

The RCMP has seized tens of millions of dollars worth of knockoff goods in recent months in the Toronto area, including counterfeit makeup, shampoo and other beauty products it warns could endanger the public.

The Toronto stock market fell sharply along with other world markets Monday as talks aimed at forming a new Greek government failed, raising worries the country may have to exit the eurozone.

The Canadian dollar sllipped Wednesday, despite a lift in commodity prices.