National Business

TORONTO — Canada's main stock index was down nearly 400 points in a broad-based decline in late-morning trading, while U.S. stock markets also fell a day after the U.S.

OTTAWA — The Canadian Real Estate Association says seasonally adjusted home sales were down 3.3 per cent on a month-over-month basis in November.

LONDON (AP) — Britain’s central bank on Thursday raised its key interest rate again but toned down the pace as inflation shows signs of easing , mirroring action by the U.S. Federal Reserve and European policymakers.

WASHINGTON (AP) — Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what the

TORONTO — When Canadians soon gather with loved ones for holiday meals, there will be an unwelcome guest at the dinner table: decades-high inflation.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November edged down 0.2 per cent compared with October.

KITCHENER, Ont. — Waterloo Brewing Ltd. has signed a deal to be bought by the Carlsberg Group for $144 million. Under the agreement, Carlsberg has agreed to pay $4.00 in cash for each Waterloo Brewing share. Waterloo Brewing shares closed at $3.

A study from the C.D. Howe Institute estimates Canada would have lost $156 billion in economic activity in 2021 had COVID-19 vaccines been rolled out six months later than they were. That would have been equivalent to about 12.

The Canadian Food Inspection Agency has issued a recall for Taynton Bay Spirits pickle vodka due to high levels of copper. The affected product was sold in 750 millilitre bottles in British Columbia, Alberta and online.

TORONTO — The self-driving era is here, just not the one that was promised.