If it's BLINKING it means you should yeild in any case. Don't get so upset that you can't see the colour.
We have amber/green arrow lights in the greater toronto area. If you know their purpose, the colourr doesn't matter very much. They're left turn or right turn signals with a few other distinctions, depending on what other lights/signs are mounted with them.
In Ontario you can turn right on red. The lights at a corner are on the opposite side of the street, so unless there's a sign telling you that no rights are allowed on red for that specific intersection, you stop and you can turn right when there's no cross-traffic. On some intersections, you'll have a dedicated light right-turn light. This way they can have the no-right-on-red for most of the time, but not all the time. Much more common is for left turn usage. Most common form of that is in conjunction with an advanced green. Meaning you can turn left and the on-coming traffic is still stopped on red. The light will turn amber to signal that the advanced state is about to elapse. You can also see a flashing arrow, but the most common still (and the most simple) is a flashing green (non-arrow) to signal advanced state. Left turns will sometimes also have their own red to signal that there will be no more left turns after that initial green - independent of the through-colour.
I still think Ontario has the worst drivers of any place I've ever been - and it isn't because of the signage and lights (they're usually above average as is the road layout and city planning). I don't include myself as one of them.
Bruno