National Business

Canada's provinces are poised for limited economic activity and sluggish growth for the rest of the year and into 2024, but the risk of a drawn-out recession is increasingly unlikely, according to a report released Tuesday.

OTTAWA — The Canadian economy was treading water at the end of 2022, the latest GDP report shows, but beneath the disappointing data is resilient consumer spending keeping the economy afloat.

Quebec has banned the installation and use of the social media application TikTok on government cellphones as of Tuesday.

TORONTO — Scotiabank's new chief executive says the bank is rethinking its strategy as it reported a drop in profits last quarter because of high funding costs and expense growth. Scott Thomson, who took on the top job Feb.

NEW YORK (AP) — Target plans to invest as much as $5 billion this year expanding services for customers, including a drive up service for returns, renovations at 175 stores and improvements in online shopping.

WASHINGTON (AP) — Conservative justices holding the Supreme Court's majority pressed skeptical questions Tuesday about President Joe Biden's plan to wipe away or reduce student loans held by millions of Americans.

A vandalism spree has put many mailboxes out of commission in the country's biggest city, Canada Post says.

WASHINGTON (AP) — Consumer confidence dipped for the second straight month as stubborn inflation and anxiety over a potentially slowing economy weighed on Americans.

TORONTO — As MBA student Lisa Malachowski negotiated her salary for a job set to begin this summer, a thought familiar to many young workers crossed her mind: "Maybe they'll withdraw the offer.

MONTREAL — Laurentian Bank of Canada reported its first-quarter profit fell compared with a year ago as its provisions for credit losses ticked higher. The Montreal-based bank said Tuesday it earned $51.9 million or $1.