National Business

OTTAWA — Bank of Canada governor Tiff Macklem says that although a slowing economy may not seem like a good thing, it is when the economy is overheated.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal's January home sales fell to a level not seen since 2009 as the market slowdown continued.

NEW YORK (AP) — Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared.

TORONTO — Toy maker Spin Master Corp. recorded a drop in revenue in its latest quarter after stores ordered inventory early to avoid supply shortages and high inflation took a toll on demand later in the year.

The Office of the Superintendent of Bankruptcy said Tuesday that the number of insolvencies filed by Canadian companies in 2022 was up 37.2 per cent compared with 2021 — and at least one business organization predicts that figure will keep growing.

CALGARY — The union representing WestJet pilots says contract negotiations with the airline have been unproductive and federal conciliation may be needed to avert a strike.

KYIV, Ukraine (AP) — Germany, Denmark and the Netherlands announced Tuesday that they plan to provide Ukraine with at least 100 refurbished Leopard 1 battle tanks, a pledge that comes as Kyiv anticipates a new Russian offensive around the anniversary

LONDON (AP) — British energy firm BP reported record annual earnings Tuesday, fueling demands that the U.K. government boost taxes for companies benefiting from the high price of oil and natural gas after Russia’s invasion of Ukraine .

Luxury outerwear maker Canada Goose Holdings Inc. has charted a new five-year growth path it says could nearly triple its annual revenue by 2028.

OTTAWA — Canada posted a merchandise trade deficit of $160 million in December as both exports and imports fell compared with November, Statistics Canada said Tuesday.