National Business

WASHINGTON — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.

The jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth, Canada Mortgage and Housing Corp. said in a new report released Wednesday.

CALGARY — Canadian Utilities Ltd. has asked the Alberta Utilities Commission if it can defer compulsory electricity and natural gas distribution rate increases set to come into effect at the start of the new year.

BERLIN — German Chancellor Angela Merkel's Cabinet approved a bill Wednesday that would require companies involved in setting up critical infrastructure such as high-speed 5G networks to guarantee that their equipment can't be used for sabotage, espi

MONTREAL — Apartment-hotel company Sonder will expand its presence in Quebec by establishing an "international growth centre" in Montreal that should result in the creation of 700 jobs by 2025.

OTTAWA — The country's annual inflation rate in November rose to its fastest pace since the start of the pandemic, driven by a rise in prices for homes, rent and goods around the house. Statistics Canada said Wednesday the 1.

TORONTO — Global technology conference Collision has cancelled plans to host its annual event in Toronto next year and instead will host the gathering online again.

WASHINGTON — The U.S.

TORONTO — Nancy Tower knows just how important help from the highest echelons of corporate Canada can be for someone trying to break into the old boys' club. She was a promising worker when she started at Halifax-based energy company Emera Inc.

VANCOUVER — Equinox Gold Corp. has signed a friendly agreement to acquire Premier Gold Mines Ltd. which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.