National Business

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July.

OTTAWA — A Liberal MP says his committee colleagues are wasting time by launching a third inquiry into the former employment minister instead of focusing on important legislation for Indigenous Peoples.

OTTAWA — Canada's telecommunications regulator has launched a consultation to determine whether the country's Big 3 providers should be able access wholesale fibre internet services.

TORONTO — The federal government's "meaty" move to pause federal sales tax on a long list of items and send cheques to millions of Canadians this spring could factor into an improving outlook for growth in 2025, economists say.

TORONTO — Canada's main stock index gained more than 350 points Thursday in a broad rally led by energy and technology stocks, while U.S. markets also rose, led by a one-per-cent gain on the Dow.

MONTREAL — Northvolt AB has filed for bankruptcy protection in the United States, but said the move will not jeopardize the manufacturer's planned electric vehicle battery plant in Quebec — though hundreds of millions of taxpayer dollars invested in

Womenswear retailer Groupe Dynamite Inc has made its Toronto Stock Exchange debut.

NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.

QUÉBEC — Quebec Finance Minister Eric Girard tabled an economic update on Thursday with $2.1 billion in new spending over five years amid what he described as a stronger-than-expected recovery from last year's economic slowdown.

ST. JOHN'S, N.L. — A Newfoundland energy company's embrace of data centres is raising doubts about eastern Canadian hopes of harnessing the region's howling winds to supply Germany with power from green hydrogen.