National Business

TORONTO — Food inflation outpaced overall inflation for months, with grocery prices hitting double-digit increases in 2022, and economists say it will take longer to subside than overall inflation.

TORONTO — A lawyer for the former president of the Ontario Public Service Employees Union says allegations of financial improprieties in a lawsuit launched by the union are untrue.

NEW YORK — Major U.S. indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week. The S&P 500 fell 0.2% Tuesday and the Nasdaq edged up 0.1%. The Dow Jones Industrial Average fell 1.

MONTREAL — Bombardier is set to beat its own financial results expectations for 2022, the company said Tuesday as it released preliminary results.

OTTAWA — Canada's annual inflation rate slowed last month but economists are still expecting the Bank of Canada to hike its key interest rate next week.

DAVOS, Switzerland (AP) — Ukraine’s first lady on Tuesday pressed world leaders and corporate executives at the World Economic Forum’s annual gathering to do more to help her country at a time when Russia's invasion is leaving children dying and the

Lightspeed Commerce Inc. is cutting about 300 jobs as part of a reorganization meant to unify a slew of companies it bought in recent years.

TORONTO — Barrick Gold Corp. says its gold production for 2022 came in below its guidance for the year. The company says it produced 4.14 million ounces of gold based on preliminary figures for the year compared with earlier guidance for 4.

Life insurance may not be top of mind for many young Canadians, but experts say age shouldn't be the deciding factor in getting such coverage. According to insurance tech company Zelros, younger people across Canada, the U.S.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in December slowed five per cent compared with November.