National Business

Consumer spending on essentials like grocery, gas and services remains strong but demand for non-essential goods is showing signs of softening, the head of Canadian Tire Corp. said.

CALGARY — Not that many years ago, the idea of showcasing the Canadian oilsands at an international summit on climate change would have been laughable.

TORONTO — Brookfield reported its third-quarter profit fell compared with a year ago when it benefited from higher valuation and disposition gains. The alternative asset manager, which keeps its books in U.S.

It took three years for Ross Davison and his wife to purchase their first home. The Ottawa couple began looking before the pandemic but were repeatedly sidelined by rapidly rising house prices, climbing interest rates and tougher mortgage rules.

WASHINGTON (AP) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housin

TORONTO — Research shows Ontario's artificial intelligence industry saw tremendous growth before this year's broader tech downturn materialized, but the sector is unlikely to remain unscathed.

KINGSEY FALLS, Que. — Cascades Inc. reported a loss in its latest quarter compared with a profit a year ago as its sales rose.

TORONTO — Unions representing airport security screeners say turnover for new employees is high despite efforts to hire more workers, with as few as one in three recent hires still on the job in some regions.

Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.

Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says w