National Business

NEW YORK (AP) — Stocks are slipping on Wall Street after a report showed inflation is still hotter than expected, even though it is slowing. The S&P 500 was 0.3% lower and on pace for its sixth loss in the last seven days.

WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.

TORONTO — Roots Corp. says it earned about $2.2 million in its latest quarter as sales dropped by 8.5 per cent since the same time last year. The Toronto clothing retailer says its net income for the third quarter fell from $10.8 million a year ago.

CALGARY — Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million.

MONTREAL — Laurentian Bank of Canada says it earned $55.7 million in its most recent quarter as its revenue rose and provision for credit losses eased slightly.

MONTREAL — It has not been an easy year for Canadians financially. Decades-high inflation and soaring interest rates have led many to take a closer look at their spending habits and, consequently, make some tough choices.

OTTAWA — Canadians sending parcels this holiday season may be surprised to see a steep surcharge on domestic shipping due to the high price of diesel.

OTTAWA — The Canadian Food Inspection Agency has issued a recall for Igor brand Gorgonzola mild ripened blue-veined cheese due to possible Listeria contamination. The affected product distributed by Jan K.

CALGARY — TC Energy Corp. has estimated the volume of oil released in Wednesday's Keystone pipeline leak at 14,000 barrels, making this most recent spill larger than Keystone's 2017 and 2019 leaks combined.

Quebec Finance Minister Eric Girard said Thursday the province's economy is facing a lot of uncertainty going into 2023 as he presented his economic update, one that included help for low-income seniors in the face of stubborn inflation.