National Business

TORONTO — Global layoffs orchestrated by new Twitter owner Elon Musk have hit the company's Canadian office with its two most senior leaders announcing they were part of the cuts.

WASHINGTON (AP) — America’s employers kept hiring vigorously in October, adding 261,000 positions, a sign that as Election Day nears, the economy remains a picture of solid job growth and painful inflation .

OTTAWA — The national unemployment rate held steady at 5.2 per cent in October. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

OTTAWA — Canada's national unemployment rate held steady at 5.2 per cent in October. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.3 per cent (9.

OTTAWA — A quick look at Canada's October employment (numbers from the previous month in brackets): Unemployment rate: 5.2 per cent (5.2) Employment rate: 61.6 per cent (61.3) Participation rate: 64.9 per cent (64.

LOS ANGELES (AP) — As the former captain in charge of the Hollywood Division of the Los Angeles Police Department, Cory Palka was a star himself.

TORONTO — RioCan Real Estate Investment Trust reported net income in the third quarter of $3.2 million, down from $137.6 million the year before, attributing the drop to a net fair value loss on investment properties.

TORONTO — Fairfax Financial Holdings Ltd. says it recorded a net loss of US$75.1 million in the third quarter, down from earnings of $462.4 million in the third quarter of last year. The Toronto-based holding company, which reports in U.S.

TORONTO — The move by the federal government to force Chinese companies to sell their investments in three critical mineral companies is being called a meaningful and necessary escalation of Canada's defensive posturing on strategic assets.

MOORESVILLE, N.C. — Lowe's Companies, Inc. is selling its Canadian retail business to New York-based private equity firm Sycamore Partners for US$400 million plus a performance-based deferred consideration.