National Business

ST. JOHN'S, N.L. — The Newfoundland and Labrador government is inching closer to balancing its books, according to a fiscal update on Tuesday.

OTTAWA — The Canadian economy may have entered a technical recession as high interest rates weigh on consumer spending, preliminary data from Statistics Canada suggests.

Telus Corp. announced a deal Tuesday with electric vehicle charging network operator Flo to help improve reliability as adoption of clean vehicle technology is expected to ramp up.

TORONTO — Canadian Tire Corp. Ltd. has signed a deal to buy back the 20 per cent stake in Canadian Tire Financial Services that is owned by Scotiabank for $895 million. The move restores the retailer's full ownership over the business.

TORONTO — TMX Group Ltd. reported its third-quarter profit rose compared with a year ago, helped by higher revenue, partly offset by an increase in operating expenses.

OTTAWA — The federal government is banning WeChat and Kaspersky applications from its phones over security concerns.

PANAMA CITY (AP) — Protests extended into a second week Monday over a long-term copper mining concession for a Canadian company, as Panama's government sought to calm anger by promising to let Panamanians decide in a referendum whether to scrap the d

OTTAWA — Bank of Canada governor Tiff Macklem says fiscal and monetary policy are rowing in opposite directions, making it harder to bring inflation down.

DETROIT (AP) — The United Auto Workers announced Monday that it reached a tentative deal with General Motors, capping a whirlwind few days in which GM, Ford and Stellantis agreed to generous terms that would end the union's six weeks of targeted stri

Ryan Smolkin, the zany, Smiths Falls, Ont.-bred entrepreneur best known for his restaurants serving poutine smothered in an endless array of toppings, has died. The founder of Smoke's Poutinerie Inc. was 50.