National Business

MONTREAL — Canada's negotiators at the COP15 conference say business groups and financial institutions have a role to play in preserving the planet's biodiversity.

SAN JOSE, Calif.

OTTAWA — The Liberal government is aiming to address evolving national security concerns by proposing several changes to Canada's investment screening law, including giving broader powers to the industry minister.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,973.22, down 16.95 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 27 cents, or 0.66 per cent, to $40.66 on 14.1 million shares.

Canada's main stock index closed in slight negative territory Wednesday, reversing the morning rally that came after the Bank of Canada announced plans to hike its key interest rate by half a percentage point.

TORONTO — Unifor says Sunwing is walking away from its plans to hire temporary foreign pilots ahead of the busy winter travel season.

NEW YORK — More weakness in tech stocks sent Wall Street mostly lower after another day of wobbly trading. The S&P 500 ended 0.2% lower Wednesday, its fifth straight loss. The Nasdaq, which is heavily weighted with tech companies, lost 0.5%.

MONTREAL — Dollarama Inc. recorded another strong quarter as inflationary pressures continue to drive consumer demand for consumable products at the discount retailer.

OTTAWA — The Bank of Canada hit a turning point on Wednesday when it announced a half percentage point interest rate increase while signalling it might be ready to pause its aggressive rate hike cycle.

BEIJING (AP) — China rolled back rules on isolating people with COVID-19 and dropped virus test requirements for some public places Wednesday in a dramatic change to a strategy that confined millions of people to their homes and sparked protests and