National Business

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks.

TORONTO — The Canada Pension Plan Investment Board has signed a new joint venture deal with Pacific Asset Management Co. to develop data centres in South Korea. The investment manager says it is its second data centre joint venture with Pacific AMC.

HALIFAX — Domestic violence has not been given enough attention during the Nova Scotia election campaign, with only one of the three major parties mentioning intimate-partner violence in their platform, says a group that advocates for women's rights.

TORONTO — An Emily Carr painting that sold for US$50 at an estate sale has fetched C$290,000 at a Toronto auction. Heffel Fine Art Auction House says “Masset, Q.C.I.

FRANKFURT, Germany (AP) — Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars.

LOS ANGELES (AP) — Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. For the three months that ended Oct.

TORONTO — Manulife Financial Corp. says it has struck another deal to off-load lower-return assets through a $5.4-billion reinsurance deal. The insurer says the agreement with Reinsurance Group of America includes $2.

Just days after being appointed to their new jobs, three members of the British Columbia government are off to California to promote the province as a hot spot for film production.

TORONTO — Canada's main stock index crept higher Wednesday thanks to strength in energy stocks, while U.S. stock markets were mixed, recovering from larger losses earlier in the day ahead of earnings from Nvidia expected after the bell.