National Business

TORONTO — Rising interest rates gave a boost to RBC's earnings in the third quarter, but the benefits were outweighed by a significant pullback in capital markets and the deteriorating economic outlook that higher borrowing costs have also triggered.

WASHINGTON (AP) — President Joe Biden on Wednesday announced detailed plans to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need

CALGARY — Prime Minister Justin Trudeau and German Chancellor Olaf Scholz signed a deal this week to help kick-start a transatlantic hydrogen supply chain, with the first deliveries expected by 2025.

TORONTO — Rio Tinto has raised its offer for the 49 per cent stake in Turquoise Hill Resources Ltd. that it does not already own. Turquoise Hill holds a majority stake in the Oyu Tolgoi project in Mongolia.

OTTAWA — The Conference Board of Canada says the Prairie provinces will likely be the top economic performers this year, even as the Bank of Canada's inflation-fighting measures quell the country's overall economic output.

MONTREAL — GardaWorld is on an acquisition spree, completing its 10th deal of the year so far with the purchase of cash technology solutions business ARCA.

NEW YORK (AP) — Stocks are stuck in a holding pattern in early trading as Wall Street waits for a highly anticipated speech about interest rates scheduled for the end of the week. The S&P 500 was little changed early Wednesday.

TOKYO (AP) — Japanese Prime Minister Fumio Kishida said Wednesday he has instructed his government to consider developing safer, smaller nuclear reactors, signaling a renewed emphasis on nuclear energy years after many of the country's plants were sh

STEPHENVILLE, N.L. — Canada and Germany say a new hydrogen pact will kick-start a transatlantic hydrogen supply chain, with the first deliveries expected in just three years.

CALGARY — A member of Parliament says Ottawa may have underestimated Canadians' desire to travel when planning for a return to normal following the end of most pandemic restrictions.