National Business

WASHINGTON (AP) — Some Federal Reserve officials pushed to raise the Fed’s key interest rate by one-quarter of a percentage point at their meeting last month to intensify their fight against high inflation, though the central bank ultimately decided

Contract negotiations between UPS and the union representing 340,000 of the company's workers broke down early Wednesday with each side blaming the other for walking away from talks.

The B.C. port workers strike could cost companies hundreds of millions of dollars per week, experts and business groups say, with smaller operators and consumers feeling the biggest pinch.

OTTAWA — The federal governmentis suspending advertising on Facebook and Instagram as tensions with tech giants rise, with the province of Quebec and the City of Montreal following suit within hours.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,103.89, down 100.98): Canopy Growth Corp. (TSX:WEED). Healthcare. Down 12 cents, or 16.44 per cent, to 61 cents on 8.

Tensions between Ottawa and tech giants further escalated on Wednesday over Canada's recently passed Online News Act.

TORONTO — Canada's main stock index was down more than 100 points Wednesday amid broad-based weakness, while U.S. stock markets also slumped.

NEW YORK (AP) — Wall Street edged lower following a rally that sent it roaring 16% higher for the year so far. The S&P 500 slipped 0.2% Wednesday, edging down from its highest level since April 2022. The Dow fell 129 points, or 0.4%.

CALGARY — Canada's top technical authority on cybersecurity is working closely with Suncor Energy Inc. in the aftermath of a high-profile systems breach at the oil and gas giant.

Canada's financial consumer watchdog is warning lenders not to take advantage of mortgage holders who are facing severe financial stress as interest rates and the cost of living rise.