National Business

OTTAWA — Statistics Canada says spending on tourism continued to grow last year, but remained well below pre-pandemic levels. The agency says tourism expenditures between October and December rose for the seventh consecutive quarter, increasing by 2.

An industry group set up to hammer out a Canadian grocery code of conduct is getting closer to a final document, even as the way its terms will be enforced remains unclear.

TORONTO — Jeremy Kinnear is 23 and already thinking about home ownership. Fresh out of university, the Edmontonian is in the midst of a four-year job program that will require him to move to Calgary halfway through.

U.S. applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation. Jobless claims in the U.S.

TORONTO — Canada's main stock index was up nearly 100 points in late-morning trading as gains in the base metals sector helped lead a broad-based rally and U.S. stock markets also advanced. The S&P/TSX composite index was up 97.

WASHINGTON (AP) — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate.

NEW YORK (AP) — Stocks are rising again as a bit more fear evaporates from Wall Street. The S&P 500 was up 0.7% early Thursday. The benchmark index is on pace for its fifth gain in the last six days.

TORONTO — Constellation Software Inc. reported a fourth-quarter profit of US$152 million, up from $124 million a year earlier, as acquisitions helped its revenue grow. The company, which keeps its books in U.S.

VATICAN CITY (AP) — The Vatican on Thursday responded to Indigenous demands and formally repudiated the “Doctrine of Discovery,” the theories backed by 15th-century “papal bulls” that legitimized the colonial-era seizure of Native lands and form the

TOKYO (AP) — Asian shares were mixed Thursday following a rally on Wall Street as worries over banks following the collapses of several lenders in recent weeks eased further.