National Business

NEW YORK (AP) — Americans increased their purchases at retailers last month – for clothing, dining out, online goods and other areas – in a sign that solid consumer spending is still powering a resilient U.S. economy.

OTTAWA — Canada's annual inflation rate was 3.3 per cent in July, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 3.3 per cent in July, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 2.5 per cent (1.7) — Prince Edward Island: 2.

TORONTO — Shawcor Ltd. has signed a deal to sell a substantial part of its pipe coating division to Tenaris S.A. for about $220 million.

TALLINN, Estonia (AP) — Russia’s central bank made a big interest rate hike Tuesday, an emergency move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.

ATLANTA (AP) — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline as inflation and soaring interest rates play a larger role in the spending choices made by Americans.

OTTAWA — From local zoning to community consultations, there are plenty of ways cities are hitting the brakes on residential construction, even as Canada faces a significant housing shortage.

LONDON (AP) — The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports .

OTTAWA — Chris Burke and his fiancée have been less than a year away from buying their first home for the past three years. Saving for a down payment was the first challenge.

CALGARY — Suncor Energy Inc. says it earned $1.88 billion in the second quarter of 2023, down from approximately $4 billion in the same period last year when oil prices were higher.