National Business

WASHINGTON — President Joe Biden is pardoning people convicted under federal law of possessing marijuana — and signalling that he's willing to revisit whether cannabis should remain a controlled substance in the United States.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,979.01, down 256.08 points): Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 1.99 per cent, to $45.11 on 11.6 million shares.

Titans of corporate Canada are cutting ties with Hockey Canada as the fallout from the sporting organization's mishandling of alleged sexual assaults deepens.

TORONTO — Canada's main stock index ended down along with U.S. markets as central bank leaders emphasize the need to raise rates, while oil prices and energy stocks rose in reaction to news of production cuts by OPEC plus.

NEW YORK (AP) — For the first time, the major U.S. theater chains will play a Netflix release after exhibitors and the streaming service reached a deal for a nationwide sneak-peak run of Rian Johnson's “Glass Onion: A Knives Out Mystery.

TORONTO — TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year.

OTTAWA — MPs unanimously passed legislation today to temporarily double GST rebates to help low- and modest-income Canadians, and the bill will now be sent to the Senate.

TORONTO — Canada Mortgage and Housing Corp. says even under best-case scenarios, housing starts will fall well below the affordable housing supply targets it has set for Ontario, B.C. and Quebec to reach by 2030.

OTTAWA — Despite some early signs of a slowing economy, Bank of Canada governor Tiff Macklem says more interest rate hikes are necessary to bring inflation down.

OTTAWA — A federal task force says Canada's transportation supply chain is approaching its "breaking point" and urgent action from both government and industry is needed to keep goods flowing.