National Business

OTTAWA — The Canadian economy started off the year with a remarkable recovery from the COVID-19 pandemic, but heading in 2023, high interest rates are expected to take a significant toll.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,349.66, down 221.44): TC Energy Corp. (TSX:TRP). Energy. Down 88 cents, or 1.60 per cent, to $54.09 on 14.3 million shares.

CHARLOTTETOWN — Prince Edward Island's government says its revenues will rise by $238.6 million this fiscal year partly because it is collecting more in taxes than originally estimated.

TORONTO — Canada's main stock index closed down more than 200 points Thursday, pulled down by broad-based losses, while U.S. markets also reversed much of the gains made Wednesday, with the Nasdaq tumbling more than two per cent.

NEW YORK (AP) — Stocks closed lower on Wall Street as stronger-than-expected reports on the economy caused worries to flare about interest rates staying high. The S&P 500 closed 1.4% lower after being down as much as 2.9% earlier.

NEW YORK (AP) — Cryptocurrency entrepreneur Sam Bankman-Fried walked out of a Manhattan courthouse Thursday with his parents after they agreed to sign a $250 million bond and keep him at their California home while he awaits trial on charges that he

WASHINGTON (AP) — The Senate passed a massive $1.

Stores in Canada are gearing up for Boxing Day sales, with some rolling out deals early in the hopes of enticing budget-conscious shoppers.

OTTAWA — Statistics Canada says the number job vacancies fell by 4.8 per cent in October to their lowest level since August 2021. The agency says the number of job vacancies fell by 44,300 to 871,300 in October.

CALGARY — With Canada's already-hot rental market expected to come under even more pressure in 2023, experts say tenants should guard against "renoviction" by educating themselves about their rights.