Total profits for Canada's six biggest banks surged to $5.3 billion in the first quarter as loan losses fell and their domestic operations flourished.

Toyota Motor Corp. Tuesday denied reports by the Wall Street Journal that the automaker plans to recall the Prius model involved in Monday's high-profile case of unintended acceleration in San Diego.

The CRTC is reviewing the structure of Mobilicity, the fledgling cellphone provider formerly known as DAVE Wireless, to see whether it meets Canadian-ownership rules.