National Business

The Insurance Bureau of Canada says severe weather caused $3.1 billion in insured damage in Canada in 2022, from flooding to storms to Hurricane Fiona. That makes 2022 the third worst year for insured losses in Canadian history.

NEW YORK (AP) — Americans cut back on spending in December, the second consecutive month they've done so, underscoring how inflation and the rising cost of using credit cards slowed consumer activity over the crucial holiday shopping season.

ST. JOHN'S, N.L. — Irving Oil says it has teamed up with a renewable energy producer to supply its Saint John, N.B., refinery with carbon-negative renewable natural gas. The New Brunswick company says Anaergia Inc.

TORONTO — Canadian pension funds are falling short in responding to the climate crisis despite recent progress by some, said a report by an advocacy group out Wednesday.

These are the 10 most expensive natural disasters in Canada as measured by insurance payouts, adjusted for inflation in 2021. This data is from the Insurance Bureau of Canada. 1. Fort McMurray wildfires (2016): $4 billion 2.

DAVOS, Switzerland (AP) — Ukrainian President Volodymyr Zelenskyy told political leaders at the World Economic Forum meeting in Davos that Western supplies of weapons must outpace Russia’s attacks, urging the world to move faster because “tragedies a

SASKATOON — The Greater Saskatoon Chamber of Commerce is asking the federal competition regulator to investigate Air Canada's decision to end its flights between Saskatoon and Calgary and between Regina and Calgary.

TORONTO — Postmedia is moving a dozen of its Alberta community newspapers to digital-only formats, eyeing more outsourcing deals for printing and laying off workers.

TORONTO — A shareholder of Ritchie Bros. Auctioneers Inc. says the company's plan to buy vehicle auction company IAA Inc. lacks compelling logic and it plans to oppose the deal. Ritchie Bros. has signed a deal to buy the U.S.

TORONTO — Hudson's Bay Company has unveiled a list of the first 25 Zellers locations to open inside select Hudson's Bay department stores across Canada.