National Business

OTTAWA — Canada's annual inflation rate held steady in October, but economists say it's trending in the right direction. In its latest consumer price index report, Statistics Canada said the country's annual inflation rate was 6.

More wealthy shoppers are prowling the aisles at discount grocery stores in search of deals amid soaring food inflation, Loblaw Companies Ltd. said Wednesday.

TORONTO — A former Domino's Pizza CEO is now the executive chair of Tim Hortons' parent company as the fast-food giant focuses on boosting sales and its stock amid economic headwinds. Restaurant Brands International Inc.

TORONTO — Vietnamese electric vehicle maker VinFast says it has opened its first Canadian showroom as it prepares for a wider expansion into the market.

WINNIPEG — NFI Group Inc. reported a loss of US$42.6 million in its latest quarter compared with a loss of US$15.4 million in the same quarter last year as its revenue edged higher.

WASHINGTON (AP) — Americans stepped up their spending at retailers, restaurants, and auto dealers last month, a sign of consumer resilience as the holiday shopping season begins amid painfully high inflation and rising interest rates .

OTTAWA — Canada's national annual inflation rate was 6.9 per cent in October, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 6.9 per cent in October, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 6.5 per cent (6.1) — Prince Edward Island: 8.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed in October from its high for the year reached in September.

Toronto-based Waabi says it is launching its self-driving system in the real world as it looks to push trucking towards a more autonomous future.