National Business

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank can't solve the housing crisis with interest rates because the root cause is a supply shortage.

CALGARY — The Calgary Real Estate Board says there were 1,650 home sales in January, marking a 37.7 per cent year-over-year increase as the city saw a 15.4 per cent bump in newly listed homes.

Canada Goose Holdings Inc. said further price increases are on the table even as buyers rethink their spending choices amid higher inflation and interest rates over the past two years.

PARIS (AP) — France’s two major farmers unions announced they would lift country-wide blockades Thursday, shortly after the prime minister introduced new measures aimed at protecting their livelihoods that they described as “tangible progress.

The chief executive of Rogers Communications Inc. dismissed analyst concerns about wireless customers leaving the carrier, saying the company was focused on its premium brand where performance was stronger.

VANCOUVER — Rogers Sugar Inc. says unionized workers at its Vancouver refinery have ratified a new collective agreement. The five-year deal brings an end a strike that began in September.

NEW YORK (AP) — TikTok may look (or sound) a little different when you scroll through the app going forward.

The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels. Applications for unemployment benefits climbed to 224,000 for the week ending Jan.

TORONTO — From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.

OTTAWA — RRSP loans might be a tempting option for Canadians looking to top up their retirement savings this year, but financial experts urge caution for those thinking about borrowing to invest.