National Business

A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.

Shares of United Airlines tumbled more than 7% on Wednesday morning and took the rest of the industry down with them after the carrier gave a gloomy outlook for fourth-quarter profit, which will be reduced by rising jet fuel prices.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in September rose eight per cent compared with August.

WASHINGTON (AP) — The U.S.

VANCOUVER — A&W Revenue Royalties Income Fund says it earned $10.6 million in net income in its third quarter up from $9.6 million a year earlier. The fast food income fund says the increase for the quarter ended Sept.

HONG KONG (AP) — China’s economy slowed in the third quarter, amid muted global demand, deflationary pressures and an ailing property sector. The world’s second-largest economy grew 4.9% year-over-year in the July-September quarter, beating the 4.

TORONTO — The real estate industry is likely breathing a sigh of relief after Canada's banking regulator signalled it might not move ahead with some proposed tightening of its mortgage lending rules, says one mortgage expert.

TORONTO — Unifor says it will officially begin contract negotiations with Stellantis on Wednesday and has set a strike deadline of Oct. 29 at 11:59 p.m. Talks with Stellantis come after union members at both Ford Motor Co. and General Motors Co.

NEW YORK (AP) — Americans showed their steadfast resilience and kept spending online, at restaurants and other outlets in September even as they grappled with higher prices, rising interest rates and a host of other headwinds piling up.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,692.80, up 72.00 points): Enbridge Inc. (TSX:ENB). Energy. Down 71 cents, or 1.57 per cent, to $44.43 on 16.2 million shares.