National Business

WASHINGTON (AP) — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame the nation's stubbornly high inflation.

CALGARY — Increased activity in the North American oil and gas sector helped Calgary-based Precision Drilling Corp.

WASHINGTON (AP) — The U.S. economy grew at a 2.

TORONTO — Ontario's Progressive Conservative government is not being transparent about how it plans to spend money over the next several years, the province's financial watchdog said Thursday.

One day after announcing it will exit the oilsands business by selling its stake in the Fort Hills oilsands project, Teck Resources Ltd. said it continues to face inflationary pressures and production challenges at other sites around the globe.

FRANKFURT, Germany (AP) — The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates at the fastest pace in the euro currency’s history and underscoring the bank's determinati

TORONTO — Some of the shine has come off sustainable investing this year amid questions abouteffectiveness and as oil and gas prices and stocks spiked while the wider market floundered, but those in the sector say it still makes sense for the long te

SMITHS FALLS, Ont. — Canopy Growth Corp. is warning a U.S. holding company it wants to set up could be delisted from the Nasdaq stock exchange, which is objecting to some of its plans. The Smiths Falls, Ont.

TORONTO — The Toronto Regional Real Estate Board says the average cost for a one-bedroom condo soared by more than 20 per cent to $2,481 between the third quarter of this year and the same period last year.

Shopify Inc.'s president says the company is focused on tamping down on operating expenses as it strives to get back to profitability. "If you look over the seven years since (our) IPO, five of those years, we've been profitable.