National Business

Electing a new board is just the first step in salvaging Hockey Canada, experts say — the new directors will face a major challenge in rebuilding from the top down.

NEW YORK — Stocks ended a wobbly day lower on Wall Street after a late-afternoon drop erased the tentative gains major indexes had been clinging to for much of the day. The S&P 500 gave back 0.3% Wednesday, its sixth consecutive loss.

TORONTO — Canada Post now offers loans alongside stamps, packaging and its existing financial services as it officially launches a partnership with TD Bank Group.

WASHINGTON (AP) — Federal Reserve officials at their last meeting stressed their commitment to taming “unacceptably high’’ inflation before announcing that they were raising their benchmark interest rate by a substantial three-quarters of a point for

CHICAGO (AP) — A specialist in plastic waste management, artists, musicians, computer scientists, and a poet-ornithologist who advocates for Black people in nature are among this year’s 25 winners of the John D. and Catherine T.

WARSAW, Poland (AP) — An oil leak was detected on a pipeline in Poland that's the main route through which Russian crude reaches Germany, the pipeline's Polish operator said Wednesday.

TORONTO — RBC economists say Canada’s economy could fall into a recession as early as the first quarter of next year, but they expect unemployment to be "less severe" than previous downturns.

MONTREAL — A subsidiary of Hydro-Québec announced a deal Wednesday to buy U.S. power generator Great River Hydro LLC for US$2 billion.

The U.S. on Wednesday authorized updated COVID-19 boosters for children as young as 5, seeking to expand protection ahead of an expected winter wave.

GUELPH, Ont. — Linamar Corp. says its light vehicle production forecast for the third quarter is down "meaningfully" in Europe compared with its previous forecast, despite being slightly higher overall. The Guelph, Ont.