National Business

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines. Existing home sales fell 4.

The barrage of Black Friday advertisements might have many tempted to whip out their wallets, but experts caution against unnecessary discretionary purchases this year amid inflation and the skyrocketing cost of living.

NEW YORK (AP) — Wall Street is slipping in early trading, a rare drop following a rally that vaulted it to the highest level since the start of August. The S&P 500 was 0.3% lower in the early going Tuesday.

OTTAWA — Canada's annual inflation rate was 3.1 per cent in October, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 3.1 per cent in October, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 2.4 per cent (4.1) — Prince Edward Island: 1.

EDMONTON — Capital Power Corp. says it has signed a pair of deals with CSG Investments, Inc., a subsidiary of Beal Financial Corp., to buy two natural gas power plants in the United States for a total of US$1.1 billion.

TORONTO — George Weston Ltd. reported its third-quarter profit fell compared with a year ago as it was hit by one-time charges driven by its stake in Choice Properties Real Estate Investment Trust.

MONTREAL — The country's two biggest airlines ranked last for on-time performance among large North American carriers last month, a new report has found.

TORONTO — For Harley Finkelstein, Black Friday and Cyber Monday are akin to the Super Bowl. Staff at his e-commerce software company Shopify Inc.

LONDON — The company that created ChatGPT was thrown into turmoil Monday after Microsoft hired its ousted CEO and many employees threatened to follow him in a conflict that centered in part on how to build artificial intelligence that's smarter than