National Business

DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.

TORONTO — RBC shrugged off the effects of a softening Canadian economy to report a profit of $4.22 billion in the fourth quarter and $16.2 billion for the year.

The FIFA World Cup is more than a soccer showcase. It's big business with the 2022 men's tournament in Qatar engaging five billion fans across all media, from linear TV to digital and social media, according to FIFA, soccer's world governing body.

TORONTO — Greater Toronto home sales jumped again last month on a year-over-year basis, with one real estate expert saying the most recent interest rate cut in October was enough to start luring buyers back into the market.

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

VALCOURT, Que. — BRP Inc. says it has laid off more than 120 workers and managers at three of its Quebec facilities.

TORONTO — DesRosiers Automotive Consultants says November auto sales were the best for the month since record-breaking sales in 2017. The agency says auto sales were up 8.

PRAGUE (AP) — Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has been interrupted, Czech officials said Wednesday.

TORONTO — The average number of letters people receive has dropped significantly over the years — down to just two per week compared to seven per week in 2006, according to Canada Post.

Canada’s biggest Asian grocery chain is expanding into the U.S., hoping to bring its patented array of food, skin care and more to a new market. On Thursday, Bellevue, Wash.