National Business

TORONTO — Members of Canada's technology industry say another wave of layoffs the sector saw this week is tipping the power dynamic back in favour of employers.

OTTAWA — Statistics Canada says November saw the lowest number of employment insurance beneficiaries on record in 25 years.

Magnet Forensics Inc. says it will be bought and taken private in a $1.8-billion deal signed with Thoma Bravo, a U.S. private equity firm operating in the software sector. Waterloo, Ont.

TORONTO — Sun Life Financial Inc. says it has struck a 15-year deal to be to the exclusive provider of insurance products for Hong Kong-based Dah Sing Bank Ltd.

LOS ANGELES (AP) — U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans.

Canadian retail sales edged down in November amid a broad consumer spending pull back as the rising cost of living continued to erode purchasing power. Statistics Canada said Friday retail sales dropped 0.1 per cent to $61.8 billion in November.

BUCHAREST, Romania (AP) — A judge in Romania has granted a request to extend by another 30 days the arrest of Andrew Tate, the social media personality who was detained in the country on charges of being part of an organized crime group, human traffi

GATINEAU, Que. — Hexo Corp. says the Nasdaq Stock Market LLC has informed the cannabis company that it has regained compliance with minimum bid price requirements. Gatineau, Que.

PARIS (AP) — French President Emmanuel Macron on Friday proposed to boost defense spending by more than a third through 2030 and to “transform" France's nuclear-armed military, to better face evolving threats and take into account the impact of Russi

LONDON (AP) — Google is laying off 12,000 workers, becoming the latest tech company to trim staff after rapid expansions during the COVID-19 pandemic have worn off.