National Business

Investor hopes for a "Santa Claus rally" this December were dampened yet again Friday, as broad-based declines capped a week of losses on North American markets. The S&P/TSX composite index closed down 157.35 points at 19,443.

NEW YORK — Stocks ended lower on Wall Street as worries grow that the Federal Reserve and other central banks are willing to bring on a recession if that’s what it takes to get inflation under control. The S&P 500 fell 1.

TORONTO — Legal experts say the acquittal of three former cannabis executives should prompt the Ontario Securities Commission to do some "deep soul searching." The Thursday acquittal of ex-CannTrust Holdings Inc.

TORONTO — High interest rates will continue to hold back homebuyers into the new year, except in Ontario and British Columbia, a new report by RBC says. The report released Thursday said those purchasing real estate in Ontario and B.C.

Twitter suspended the accounts of several journalists who cover the social media platform, the latest battle over what can and cannot be said on the site since billionaire Elon Musk took control of it.

GATINEAU, Que. — Hexo Corp. says its most recent quarter delivered a $52.1 million net loss as the cannabis company purged unprofitable products and streamlined its business. The Gatineau, Que.

TORONTO — First Quantum Minerals Ltd. says it is disappointed by a decision by the Panamanian government to order the suspension of work at its Cobre Panama mine.

OTTAWA — Statistics Canada says wholesale sales rose 2.1 per cent to $83.4 billion in October, boosted by gains in the miscellaneous goods, building material and supplies, and personal and household goods subsectors.

SACRAMENTO, Calif.

TORONTO — An Ontario court has acquitted three former cannabis leaders charged with offences linked to unlicensed growing at a Niagara area greenhouse. The ex-CannTrust Holdings Inc.