National Business

TORONTO — Royal Bank of Canada has struck a deal to pay $13.5 billion in cash to swallow up HSBC Bank Canada, the seventh largest bank in the country by assets and — since the Big Six banks are largely untouchable — the biggest takeover prize around.

OTTAWA — The Bank of Canada lost $522 million in the third quarter of this year, marking the first loss in its 87-year history.

CALGARY — TC Energy Corp. is expecting what it calls a "material increase" in the cost of its Coastal GasLink pipeline project.

Suncor Energy Inc. has decided to keep its Petro-Canada retail business, the company announced Tuesday, after a comprehensive review concluded Suncor was unlikely to receive the price it wanted for the chain.

REGINA — Saskatchewan's bank account remains relatively unchanged while its bottom line continues to be affected by Russia's invasion of Ukraine, global supply shortages and rising inflation. The province is reporting a $1.

TORONTO — A new report from Royal LePage shows 75 per cent of U.S. citizens living in border towns and owning recreational properties in Canada made their purchase after the federal government announced its forthcoming foreign buyer ban.

TORONTO — A new report predicts average home sale prices in Canada will fall 3.3 per cent next year with the biggest declines expected in Ontario and Western Canada where some markets may see prices fall 10 to 15 per cent.

DETROIT (AP) — New electric vehicle models from multiple automakers are starting to chip away at Tesla's dominance of the U.S. EV market, according to national vehicle registration data.

OTTAWA — Canada saw stronger than expected economic growth in the third quarter, but economists warn the underlying numbers don't paint such a positive picture. Statistics Canada said Tuesday the economy grew at an annualized rate of 2.

TORONTO — New data from TransUnion shows Canadians leaned on credit cards and other forms of debt more in the third quarter as high inflation persisted. TransUnion says 27.9 million Canadians held a combined outstanding balance of $2.