National Business

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.

Statistics Canada says the economy flatlined once again, with GDP showing no growth in October for the third straight month.

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.

TORONTO — Shares of BlackBerry Ltd. were down 13.5 per cent after the company released its latest quarterly results and its new chief executive said he has his eye on cutting costs. Shares in the company closed down 74 cents at $4.

TORONTO — Shares of Energy Fuels Inc. were up after the company said it has started production at three of its uranium mines in the United States and was preparing to start production at two more.

NEW YORK (AP) — Several strong profit reports helped Wall Street claw back most of its sharp loss from the prior day. The S&P 500 rose 1% Thursday and is back within 1% of its all-time high a day after its worst drop in nearly three months.