National Business

WASHINGTON (AP) — The countdown toward a possible U.S. government default began Thursday with Treasury implementing accounting measures as a stopgap, while frictions between President Joe Biden and House Republicans raise alarms about whether the U.

TORONTO — TD Bank Group says it expects its investment in the Charles Schwab Corp. will translate into reported equity in net income of about $285 million for the first-quarter of the bank's 2023 financial year.

Jim Dandy reads the grocery store flyers every week. It's a habit the 79-year-old retiree picked up in childhood and continued while raising three children during law school.

With their promise of cheaper fares and no unnecessary frills, a flurry of so-called discount airlines has burst onto the Canadian scene in the last few years.

OTTAWA — Statistics Canada says wholesale sales rose 0.5 per cent month over month in November to $83.8 billion.

WASHINGTON (AP) — The number of people seeking unemployment benefits in the U.S.

SAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people" or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never

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

TORONTO — TD Bank Group says its head of Canadian business banking Paul Douglas is stepping back from daily operations into the newly created position of chair of the division.

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions.