National Business

TORONTO — TD Economics has revised its housing forecast to account for even steeper price declines in early 2023 and then slower growth for the remainder of the year.

OTTAWA — MPs unanimously passed legislation today to temporarily double GST rebates to help low- and modest-income Canadians, and the bill will now be sent to the Senate.

TORONTO — Canada Mortgage and Housing Corp. says even under best-case scenarios, housing starts will fall well below the affordable housing supply targets it has set for Ontario, B.C. and Quebec to reach by 2030.

OTTAWA — Despite some early signs of a slowing economy, Bank of Canada governor Tiff Macklem says more interest rate hikes are necessary to bring inflation down.

OTTAWA — A federal task force says Canada's transportation supply chain is approaching its "breaking point" and urgent action from both government and industry is needed to keep goods flowing.

MONTREAL — As COVID-19-related restrictions lift and demand for travel returns, airport goers are left wondering yet again if checking a bag is worth it.

FRANKFURT, Germany (AP) — Major oil-producing countries led by Saudi Arabia and Russia have decided to slash the amount of oil they deliver to the global economy.

PRAGUE (AP) — French President Emmanuel Macron said his government does not support the idea of building a new pipeline to pump natural gas between the Iberian Peninsula and the rest of Europe despite the continent's energy crisis.

BERLIN (AP) — Germans are using too much gas to avoid a potential energy “emergency” this winter, the head of Germany’s national network regulator warned Thursday.

TORONTO — A new report from the Carbon Tracker Initiative says that big global emitters, including Canadian companies, aren't saying enough about climate change risks in their financial statements.