National Business

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

OTTAWA — First Nations chiefs from Alberta and Saskatchewan are calling for their provinces to toss proposed legislation they say is inherently undemocratic, unconstitutional and infringes on Indigenous rights.

The Bank of Canada hiked its key policy rate by half a percentage point to 4.

WASHINGTON (AP) — The United States will increase exports of liquefied natural gas to Britain under a new agreement calling for the two countries to work together to boost energy security and drive down prices following Russia’s invasion of Ukraine.

The Royal Canadian Mint is issuing a new black-ringed toonie to honour Queen Elizabeth II. The mint says the coin's black outer ring is intended to evoke a "mourning armband" to honour the queen, who died in September after 70 years on the throne.