National Business

TORONTO — A new report predicts average home sale prices in Canada will fall 3.3 per cent next year with the biggest declines expected in Ontario and Western Canada where some markets may see prices fall 10 to 15 per cent.

DETROIT (AP) — New electric vehicle models from multiple automakers are starting to chip away at Tesla's dominance of the U.S. EV market, according to national vehicle registration data.

OTTAWA — Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don't paint such a positive picture. Statistics Canada said Tuesday the economy grew at an annualized rate of 2.

TORONTO — New data from TransUnion shows Canadians leaned on credit cards and other forms of debt more in the third quarter as high inflation persisted. TransUnion says 27.9 million Canadians held a combined outstanding balance of $2.

NORFOLK, Va.

TORONTO — Scotiabank kicked off bank earnings with results that showed earnings growth in its international banking division, though overall results were weighed down by about $500 million in one-time charges.

BEIJING (AP) — China is ready to “forge closer partnership” with Russia in energy, a state news agency quoted President Xi Jinping as saying in a letter Tuesday, potentially expanding ties that irk Washington by helping the Kremlin resist sanctions o

BERLIN (AP) — It is time for China to move away from massive lockdowns and toward a more targeted approach to COVID-19, the head of the International Monetary Fund said days after widespread protests broke out , a change that would ease the impact to

U.S. consumer confidence fell for the second straight month in November amid ongoing high inflation, rising interest rates , and layoffs in the tech sector . The Conference Board reported Tuesday that its consumer confidence index fell to 100.

MONTREAL — Bombardier says NetJets has placed a firm order for four Global 8000 aircraft and will be the fleet launch customer for the jets. The order is valued at US$312 million based on list prices.