National Business

TORONTO — The Toronto Regional Real Estate Board says the average cost for a one-bedroom condo soared by more than 20 per cent to $2,481 between the third quarter of this year and the same period last year.

Shopify Inc.'s president says the company is focused on tamping down on operating expenses as it strives to get back to profitability. "If you look over the seven years since (our) IPO, five of those years, we've been profitable.

Small business confidence in Canada took a nosedive in October, dropping to levels not recorded since early in the pandemic, new research released Thursday said.

SAN FRANCISCO — Elon Musk is telling Twitter advertisers he is buying the platform to “help humanity” and doesn’t want it to become a “free-for-all hellscape” where anything can be said with no consequences.

VANCOUVER — Telus International, a spin-off from Telus Corp., says it is acquiring full-service digital product provider WillowTree for US$1.225 billion, including debt, as it looks to continue growing.

SASKATOON — Cameco Corp. reported a third-quarter loss of $20 million compared with a loss of $72 million in the same quarter last year as its revenue rose eight per cent.

WASHINGTON (AP) — Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy. Jobless claims for the week ending Oct.

BEIJING (AP) — Asian stock markets were mixed Thursday ahead of an update on the U.S. economy and a European Central Bank meeting that is expected to raise its key interest rate to a 13-year high.

MANHATTAN BEACH, Calif.

CALGARY — Suncor Energy Inc. will buy out Teck Resources Ltd.'s 21.3 per cent stake in the Fort Hills oilsands project for approximately $1 billion, the two companies announced late Wednesday.