National Business

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,567.42, up 60.94 points.) Air Canada (TSX:AC). Industrials. Down $2.65, or 10.06 per cent, to $23.69 on 15.6 million shares.

TORONTO — Canada's main stock index edged higher midweek as a big gain by the country's most valuable company offset weakness in the energy sector. Shares of Shopify Inc. surged 8.3 per cent after a U.S. analyst upgraded the tech darling.

NEW YORK — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S.

CALGARY — The consolidation of beef processing plants in Alberta has kept meat prices affordable in Canada but has also made the industry vulnerable to disease outbreaks, according to a new report.

TORONTO — When COVID-19 swept across Canada, the Bank of Nova Scotia had a secret weapon in its arsenal: artificial intelligence As companies sent their employees home to work and businesses temporarily closed, the bank used the technology to identif

A restaurant industry group is asking Canadians to imagine life without local restaurants after it says the country lost more than 10,000 eateries since the introduction of pandemic lockdowns.

In the latest sign of the cannabis industry's efforts to streamline its operations and take advantage of what they hope will be a promising U.S. market, two of Canada's most prominent pot companies said Wednesday that they plan to merge.

BBC Studios is throwing another streaming service on the growing pile of options for Canadians. The British broadcaster's commercial division says it will launch BBC Select early next year in both Canada and the United States.

WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.

The jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth, Canada Mortgage and Housing Corp. said in a new report released Wednesday.