Skip to content
Join our Newsletter

National Business

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

Home sales slumped to slowest pace in more than 13 years in October as prices, borrowing costs, soar

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.
Read more >
Do your research for Black Friday, because not every deal is a good one, experts warn

Do your research for Black Friday, because not every deal is a good one, experts warn

The barrage of Black Friday advertisements might have many tempted to whip out their wallets, but experts caution against unnecessary discretionary purchases this year amid inflation and the skyrocketing cost of living.
Read more >
Stock market today: Wall Street opens lower after a weekslong rally

Stock market today: Wall Street opens lower after a weekslong rally

NEW YORK (AP) — Wall Street is slipping in early trading, a rare drop following a rally that vaulted it to the highest level since the start of August. The S&P 500 was 0.3% lower in the early going Tuesday.
Read more >
Here's a list of October inflation rates for selected Canadian cities

Here's a list of October inflation rates for selected Canadian cities

OTTAWA — Canada's annual inflation rate was 3.1 per cent in October, Statistics Canada says.
Read more >
Here's a list October inflation rates for Canadian provinces

Here's a list October inflation rates for Canadian provinces

OTTAWA — Canada's national annual inflation rate was 3.1 per cent in October, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 2.4 per cent (4.1) — Prince Edward Island: 1.
Read more >
Capital Power spending US$1.1 billion in pair of deals for U.S. power plants

Capital Power spending US$1.1 billion in pair of deals for U.S. power plants

EDMONTON — Capital Power Corp. says it has signed a pair of deals with CSG Investments, Inc., a subsidiary of Beal Financial Corp., to buy two natural gas power plants in the United States for a total of US$1.1 billion.
Read more >
George Weston reports Q3 profit down from year ago on one-time charges

George Weston reports Q3 profit down from year ago on one-time charges

TORONTO — George Weston Ltd. reported its third-quarter profit fell compared with a year ago as it was hit by one-time charges driven by its stake in Choice Properties Real Estate Investment Trust.
Read more >
Canadian airlines rank last for on-time arrivals in North America

Canadian airlines rank last for on-time arrivals in North America

MONTREAL — The country's two biggest airlines ranked last for on-time performance among large North American carriers last month, a new report has found.
Read more >
Black Friday, Cyber Monday shoppers to focus on quality, timing this year: experts

Black Friday, Cyber Monday shoppers to focus on quality, timing this year: experts

TORONTO — For Harley Finkelstein, Black Friday and Cyber Monday are akin to the Super Bowl. Staff at his e-commerce software company Shopify Inc.
Read more >
Company that created ChatGPT is thrown into turmoil after Microsoft hires its ousted CEO

Company that created ChatGPT is thrown into turmoil after Microsoft hires its ousted CEO

LONDON — The company that created ChatGPT was thrown into turmoil Monday after Microsoft hired its ousted CEO and many employees threatened to follow him in a conflict that centered in part on how to build artificial intelligence that's smarter than
Read more >