National Business

OTTAWA — Canada Mortgage and Housing Corp. says the country's total residential mortgage debt was $2.08 trillion as of January this year, up six per cent from January 2022.

WASHINGTON (AP) — The Supreme Court on Thursday made it harder for the federal government to police water pollution in a decision that strips protections from wetlands that are isolated from larger bodies of water.

TORONTO — A new survey shows more than one in 10 Canadians own an investment property — and their ranks are expected to grow over the next five years.

WASHINGTON (AP) — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said Thursday in a slight upgrade from its initial estimate.

TORONTO — Royal Bank of Canada raised its dividend as it reported its second-quarter profit fell compared with a year ago and the amount of money it set aside for bad loans rose. The bank says it will now pay a quarterly dividend of $1.

TORONTO — CIBC raised its quarterly dividend as it reported a second-quarter profit of $1.69 billion. The bank said Thursday it will now pay a quarterly dividend of 87 cents per share, up from 85 cents.

CAIRO (AP) — A Hong Kong-flagged ship briefly ran aground Thursday in Egypt's vital Suez Canal, though authorities said they were able to refloat it after it momentarily disrupted the waterway.

CARSON CITY, Nev. (AP) — Republican Nevada Gov.

WASHINGTON — The United States won't go into default on its debt, House Speaker Kevin McCarthy predicted Wednesday — but the highest-ranking Republican on Capitol Hill also said it won't be his fault if it does.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,927.69, down 218.32): Manulife Financial Corp. (TSX:MFC). Finance. Down 57 cents, or 2.23 per cent, to $25.02 on 12.