National Business

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.

NEW YORK (AP) — U.S. stocks are rising after market superstar Nvidia and another round of companies said they’re making fatter profits than expected. The S&P 500 added 0.4% in early trading Thursday.

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.

OTTAWA — The federal Liberals are seeking to temporarily take the federal sales tax off a slew of items just in time for Christmas.

TORONTO — The Canada Pension Plan Investment Board has signed a new joint venture deal with Pacific Asset Management Co. to develop data centres in South Korea. The investment manager says it is its second data centre joint venture with Pacific AMC.

VANCOUVER — Canada's border agency says it has detained about 50 shipments of cargo over suspicions they were products of forced labour under rules introduced in 2020 — but only one was eventually determined to be in breach of the ban.

HALIFAX — Domestic violence has not been given enough attention during the Nova Scotia election campaign, with only one of the three major parties mentioning intimate-partner violence in their platform, says a group that advocates for women's rights.

TORONTO — An Emily Carr painting that sold for US$50 at an estate sale has fetched C$290,000 at a Toronto auction. Heffel Fine Art Auction House says “Masset, Q.C.I.

FRANKFURT, Germany (AP) — Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars.

VANCOUVER — Geoff Johnson and fellow storm watchers in Ucluelet, B.C., were concerned on Tuesday about the so-called "bomb cyclone" taking shape off Vancouver Island — not for safety reasons, but because they wondered if it would be "disappointing.