National Business

MONTREAL — The federal government and the Canadian dairy industry are vowing to protect the country’s supply management system in the face of threats from the United States.

SACRAMENTO — California homebuilders say they will have few options but to keep buying Canadian lumber even if it's hit with 25 per cent tariffs as they rebuild thousands of homes destroyed by devastating wildfires in Los Angeles.

OTTAWA — Prime Minister Justin Trudeau will host a Canada-U.S. economic summit in Toronto on Friday, days after President Donald Trump said he would hold off on deploying his threatened tariffs against Canada for a month.

QUÉBEC — The Quebec government says it would be open to reviving a controversial liquefied natural gas project in the province’s Saguenay region to ship energy from Alberta overseas. Quebec refused to authorize GNL Québec Inc.

TORONTO — The Toronto Regional Real Estate Board says it is forecasting a 12.4 per cent increase in home sales for 2025, with 76,000 properties changing hands throughout the region as lower borrowing costs lead to improved affordability.

MONTREAL — A Quebec furniture manufacturer says the threat of U.S. tariffs on Canadian goods has forced it to lay off 115 people in the province. South Shore Furniture says it's laying off 97 people at its headquarters and factory in Ste-Croix, Que.

TORONTO — Every year Kathy Rowe and her husband exchange the same Christmas gift: plane tickets to the United States. The couple from Torbay, N.L.

HALIFAX — Federal Transport Minister Anita Anand says Ottawa will spend up to $25 million to improve the Port of Halifax.

The CEO of Sheertex says she's had to temporarily lay off 40 per cent of the company's staff, in part because of tariffs the U.S. has promised to place on Canadian goods.

Canada Mortgage and Housing Corp. is forecasting a rebound in home sales and prices this year as homebuyers take advantage of improved borrowing conditions, but its outlook is clouded by the threat of widespread tariffs from the U.S.