National Business

The Canadian Real Estate Association says it's now expecting the national average home price to climb 4.9 per cent on an annual basis to $710,468, more than double the hike it had predicted at the start of 2024.

OTTAWA — Canada's banking regulator says it will be putting limits on how much leverage banks allow in their uninsured mortgage portfolios.

TORONTO — Despite a drop in advertising revenue, the chief executive of Corus Entertainment Inc. says he is confident the television and radio broadcaster can draw advertisers back as it focuses more on growing digital and streaming audiences.

Toronto’s airports authority has announced a multibillion-dollar plan to update and modernize Toronto Pearson Airport.

WASHINGTON (AP) — Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans' outlook largely unchanged this year.

NEW YORK (AP) — JPMorgan Chase continued to warn investors Friday that it expects a “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions.

In a Calgary warehouse almost as big as eight football fields, an army of robots whir about, carrying massive quantities of merchandise bound for Walmart Canada customers.

SAN FRANCISCO (AP) — Oakland officials have voted in favor of changing the name of the city’s airport to San Francisco Bay Oakland International Airport, despite San Francisco threatening a lawsuit over what it says is a trademark violation.

OTTAWA — As members of Parliament accuse Bell Canada of corporate greed, the head of the company is defending its decision to cut thousands of jobs, citing a shift in Canadians' viewing habits away from traditional TV.

TORONTO — Manulife Financial Corp. says Katy Boshart will take on the role of CEO at Manulife Bank of Canada starting next week. Boshart comes to the firm from TD Bank, where she most recently led its customer engagement platforms division.