National Business

NEW YORK (AP) — Americans cut back on retail spending in October, ending six straight months of gains, though the decline was partly driven by falling prices for both gasoline and cars. Retail sales fell 0.1% last month after jumping a strong 0.

Although seniors tend to consider downsizing as they get older, a large proportion are instead choosing to age in their home rather than put it on the market, according to a report by Canada Mortgage and Housing Corp. on Wednesday.

DETROIT (AP) — Voting on a tentative contract agreement between General Motors and the United Auto Workers union that ended a six-week strike against the company appears too close to call after the latest tallies at several GM factories were announce

WASHINGTON (AP) — U.S. wholesale prices fell sharply last month as inflationary pressure continued to ease after a year and a half of higher interest rates.

TORONTO — Units in Slate Office REIT sank 20 per cent after the trust suspended its monthly cash distributions and announced a plan to sell a large part of its portfolio of properties.

The number of homes sold in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

MONTREAL — Aeroplan members can now earn points at a slew of Parkland Corp.'s gas stations. The loyalty program run by Air Canada has been rolled out at more than 1,100 Ultramar, Chevron, Pioneer, Fas Gas, On the Run and Marché Express locations.

TORONTO — A new report says bridging the infrastructure gaps experienced by Indigenous Peoples would boost the population's GDP by up to 17 per cent.

OTTAWA — Statistics Canada reported manufacturing sales rose 0.4 per cent to $72.8 billion in September, as higher prices helped sales in the petroleum and coal product subsector move higher.

Alberta's energy regulator is examining practices at a coal mine in the province after three "instabilities" in its rock walls -- including one weeks ago that partially buried a large piece of heavy equipment and its operator.