National Business

NEW YORK (AP) — Big Tech stocks pulled Wall Street down to its worst day in three weeks. The S&P 500 fell 1% Tuesday, its second straight drop after closing last week at an all-time high.

OTTAWA — The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

TORONTO — Bitcoin briefly touched an all-time high Tuesday of more than US$69,000 before losing thousands of dollars of value within hours.

TORONTO — The mid-January deadline for businesses to qualify for partial forgiveness of pandemic loans likely played a major role in driving up business insolvencies that month, said the Canadian Federation of Independent Business.

WINNIPEG — Manitoba's NDP government is expected to put forward changes sought by labour groups, likely including a ban on replacement workers, as part of its agenda for the spring sitting that is to start Wednesday.

HALIFAX — Nova Scotia's auditor general says the province's spending outside the regular budget process lacks oversight and is costing the government millions of dollars in interest.

A technical issue caused widespread login issues for a few hours across Meta's Facebook, Instagram, Threads and Messenger platforms Tuesday.

VANCOUVER — Ronald McHaffie said he had big plans to build a ski resort near Hope, 150 km east of Vancouver, ahead of the 2010 Olympics. He cut an unlikely figure, with a Grizzly Adams beard and no history of resort development.

TORONTO — Canada's financial intelligence agency says it has been hit by a cyberattack.

TORONTO — Consumers in Ontario and British Columbia increasingly missed payments on mortgages and credit cards in the fourth quarter of 2023, Equifax Canada said.