National Business

OTTAWA — Statistics Canada says the ratio of household debt to disposable income improved in the fourth quarter as gains in disposable income offset an uptick in credit market debt.

CALGARY — Canadian oil and gas companies are singing from the same songbook in the lead-up to the 2023 federal budget, and its title is the Inflation Reduction Act. The U.S. legislation, signed into law by U.S.

Western sanctions have hit Russian banks, wealthy individuals and technology imports.

TOKYO (AP) — Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world.

OTTAWA — Canada’s banking regulator says it has temporarily seized assets of the Canadian branch of Silicon Valley Bank. Fearful depositors withdrew billions of dollars from the U.S. bank in a matter of hours Friday, forcing U.S.

OTTAWA — The coming federal budget should lower taxes, cap spending and make it easier to build new houses, Conservative Leader Pierre Poilievre said Sunday as he pinned blame for current economic woes on the Liberals.

TORONTO — When it comes to saving on groceries or trips to the mall, Nichole Schaubroeck is a pro.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Household debt Statistics Canada will release on Monday its national balance sheet and financial flow accounts for the fourth quarter of 2022.

WILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank , but is working to help depositors who are concerned about their money .

DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco reported Sunday earning $161 billion last year, claiming the highest-ever recorded annual profit by a publicly listed company and drawing immediate criticism from activists.