National Business

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

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.

TORONTO — Small and medium-sized businesses should start thinking about building climate plans into their operations to stay competitive, said the head of the BMO Climate Institute.