National Business

Loblaw Cos. Ltd. chairman Galen Weston made an inaccurate statement about Australian grocery rules to a House of Commons committee, according to groups representing independent grocers, food suppliers and farmers.

The rubberstamped sale of HSBC's Canadian operations to RBC will lessen competition onmortgage rates, says one analyst who touted the bank's key role in lowering borrowing costs through its presence in Canada.

WASHINGTON (AP) — The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from reduced interest rates and get relief from painful price shocks in 2024.

OTTAWA — The federal government recorded a budgetary deficit of $15.1 billion between April and October, $7 billion of which was in October.

OTTAWA — Statistics Canada says the economy remained flat in October for the third straight month as services-producing industries edged 0.1 per cent higher, while goods-producing industries were unchanged.

OTTAWA — Finance Minister Chrystia Freeland has approved RBC's $13.5-billion takeover of HSBC Canada, despite calls from opposition politicians and other groups to block it over concerns of reduced competition.

GATINEAU, Que. — The Canadian Transportation Agency says it's issued a $97,500 penalty to Air Canada for violating the Accessible Transportation for Persons with Disabilities Regulations.

WINNIPEG — Another shareholder of Gildan Activewear Inc. has joined calls for the company to reinstate Glenn Chamandy as CEO.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,765.73, up 164.92 points): TC Energy Corp. (TSX:TRP). Energy. Up 43 cents, or 0.82 per cent, to $52.80 on 17.4 million shares.

TORONTO — Strength in base metal and utilities stocks helped Canada's main stock index rise more than 150 points on Thursday, while U.S. stock markets also climbed higher.