National Business

MISSISSAUGA, Ont. — Bank of Canada governor Tiff Macklem says the central bank doesn't have a lot of tools in its toolbox to mitigate the devastating effects tariffs would have on the economy.

TORONTO — Canadian retail sales surged higher at the end of last year to post their largest monthly increase since May 2022, but Statistics Canada says its early estimate for January pointed to a pullback to start 2025.

TORONTO — Canada's main stock index was down more than 150 points in late-morning trading as the energy, base metal and technology sectors all came under pressure while U.S. stock markets also pulled back.

ST. JOHN'S, N.L. — The Archbishop of New York delivered an unexpected sermon at the cathedral in St. John's, N.L., last week after his flight to Dublin was grounded at the city's airport. Cardinal Timothy Dolan's flight out of Newark, N.J.

MONTREAL — A high-speed rail link between Toronto and Quebec City could deliver billions of dollars in economic benefits, a new report says. The C.D.

TORONTO — Dye & Durham Ltd. has named Sid Singh as interim chief executive officer, effective immediately.

MONTREAL — A Quebec labour group is seeking to overturn Amazon's decision to close its warehouses in the province and force the retailer to resume its operations.

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. Sales fell 4.

TORONTO — Onex Corp. reported a loss in its fourth quarter compared with a profit a year earlier. The private equity firm, which keeps its books in U.S.

If U.S. President Donald Trump imposes tariffs on Canadian goods as he’s repeatedly threated to do, experts say Canada has a strong case to challenge it under the Canada-U.S.-Mexico free trade agreement.