National Business

WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration.

TORONTO — Walmart Canada says it will spend $6.5 billion over the next five years as it opens dozens of new stores.

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading

As the price of just about everything has risen over the past few years, Canadians looking to rein in their spending usually turn to discretionary costs first.

CALGARY — Shell Canada Ltd. is exiting the oilsands in a deal with Canadian Natural Resources Ltd. that will see it increase its stake in the Scotford upgrader and Quest Carbon Capture and Storage facility.

MISSISSAUGA, Ont. — Chartwell Retirement Residences has signed a deal to buy a retirement residence complex in Montreal for $136 million.

WASHINGTON (AP) — The American economy ended 2024 on a solid note with consumer spending continuing to drive growth. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.

CAPE CANAVERAL, Fla. (AP) — NASA’s two stuck astronauts took their first spacewalk together Thursday, exiting the International Space Station almost eight months after moving in.

FRANKFURT, Germany (AP) — Europe’s economy stagnated at the end of last year as former growth engine Germany floundered to the end of a second straight year of shrinking output, officials said Thursday.

TORONTO — The Canadian Radio-television and Telecommunications Commission is looking into the rates for phone calls at correctional facilities across the country, spurred by high long-distance charges that families of inmates at Ontario jails had to