National Business

WASHINGTON (AP) — Americans cut back sharply on retail spending last month as the holiday shopping season began with high prices and rising interest rates forcing families, particularly lower income households, to make harder decisions about what the

TORONTO — When Canadians soon gather with loved ones for holiday meals, there will be an unwelcome guest at the dinner table: decades-high inflation.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November edged down 0.2 per cent compared with October.

KITCHENER, Ont. — Waterloo Brewing Ltd. has signed a deal to be bought by the Carlsberg Group for $144 million. Under the agreement, Carlsberg has agreed to pay $4.00 in cash for each Waterloo Brewing share. Waterloo Brewing shares closed at $3.

TORONTO — The self-driving era is here, just not the one that was promised.

BANGKOK (AP) — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in store following its latest increase. Oil prices fell while U.S.

CALGARY — TC Energy Corp. says it has restarted the section of the Keystone pipeline that was unaffected by last week's oil leak in Kansas. The Calgary-based company says the restarted segment of pipeline extends from Hardisty, Alta., to Patoka, Ill.

OTTAWA — The Competition Tribunal has committed to reaching a decision as soon as possible on Rogers Communications Inc.'s proposed takeover of Shaw Communications Inc., but did not set a specific date as the hearings wrapped Wednesday.

WASHINGTON (AP) — The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,891.65, down 131.81): Suncor Energy Inc. (TSX:SU). Energy. Up two cents, or 0.05 per cent, to $42.18 on 15.7 million shares.