National Business

A restaurant industry group is asking Canadians to imagine life without local restaurants after it says the country lost more than 10,000 eateries since the introduction of pandemic lockdowns.

In the latest sign of the cannabis industry's efforts to streamline its operations and take advantage of what they hope will be a promising U.S. market, two of Canada's most prominent pot companies said Wednesday that they plan to merge.

BBC Studios is throwing another streaming service on the growing pile of options for Canadians. The British broadcaster's commercial division says it will launch BBC Select early next year in both Canada and the United States.

WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.

The jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth, Canada Mortgage and Housing Corp. said in a new report released Wednesday.

CALGARY — Canadian Utilities Ltd. has asked the Alberta Utilities Commission if it can defer compulsory electricity and natural gas distribution rate increases set to come into effect at the start of the new year.

BERLIN — German Chancellor Angela Merkel's Cabinet approved a bill Wednesday that would require companies involved in setting up critical infrastructure such as high-speed 5G networks to guarantee that their equipment can't be used for sabotage, espi

MONTREAL — Apartment-hotel company Sonder will expand its presence in Quebec by establishing an "international growth centre" in Montreal that should result in the creation of 700 jobs by 2025.

OTTAWA — The country's annual inflation rate in November rose to its fastest pace since the start of the pandemic, driven by a rise in prices for homes, rent and goods around the house. Statistics Canada said Wednesday the 1.

TORONTO — Global technology conference Collision has cancelled plans to host its annual event in Toronto next year and instead will host the gathering online again.