National Business

OTTAWA — Statistics Canada says wholesale sales climbed to a record high in October, led by gains in sales in the auto sector as automakers were able to secure semiconductor chips that have been in short supply.

SILVER SPRING, Md. (AP) — New home construction in the U.S. jumped 11.8% in November with strong demand boosting builder confidence. The double-digit percentage increase last month left home construction at a seasonally adjusted annual rate of 1.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession.

Former McDonald’s CEO Steve Easterbrook has paid back more than $105 million in equity awards and cash to the burger giant after it learned that he had lied about the extent of his misconduct while he was its top executive.

WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates.

LOS ANGELES (AP) — A Houston-based oil company and two subsidiaries were indicted Wednesday for a crude spill that fouled Southern California waters and beaches in October, an event prosecutors say was caused in part by failing to properly act when a

WASHINGTON (AP) — For months, Federal Reserve Chair Jerome Powell responded to surging inflation by counseling patience and stressing that the Fed wanted to see unemployment return to near-pre-pandemic levels before it would raise interest rates.

The travel and hospitality sector was left reeling Wednesday after the federal government warned against non-essential trips abroad due to alarming numbers of COVID-19 cases.

NEW YORK (AP) — New York City is poised to bar most new buildings from using natural gas in six years, after lawmakers voted Wednesday to make the nation’s most populous city a showcase for a climate-change-fighting policy that has been both embraced

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,769.16, up 120.59 points.) Enbridge Inc. (TSX:ENB). Energy. Down 44 cents, or 0.9 per cent, to $47.60 on 13.9 million shares.