National Business

WASHINGTON (AP) — Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon’’— just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time.

Business economic outlook worsened in the third quarter as interest rates began to have a cooling effect on the Canadian economy.

MONTREAL — For the first time since 2019, the Canadian Pacific Holiday Train will make its annual journey through Canada and the U.S. to bring live music and raise holiday spirits.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose to the highest level since August but still remains low by historic standards.

CALGARY — France's first commercial-scale offshore wind farm, which was developed by Canadian energy giant Enbridge Inc. in partnership with EDF Renewables and the Canada Pension Plan Investment Board, officially opened Wednesday.

Unionization among Canadian Starbucks employees is starting to gain traction, organizers say, but much like their U.S. counterparts, workers face barriers and alleged anti-union activity by the coffee giant.

VICTORIA — An annual report from British Columbia's auditor general says the province is owed millions by people who were ineligible for COVID-19 relief grants and that the government will spend billions on recent weather-related disasters.

LAVAL, Que. — Canadian convenience store giant Alimentation Couche-Tard reported earnings for the second quarter ended Oct. 9 were up 16.6 per cent. Net earnings for the quarter were $810.4 million, or 79 cents per diluted share, up from $694.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,220.01, up 242.88): Enbridge Inc. (TSX:ENB). Energy. Up 74 cents, or 1.37 per cent, to $54.82 on 13.5 million shares.

Tense bargaining between Loblaw Companies Ltd. and its distribution workers in Calgary is emblematic of wider labour movement trends being driven by the pandemic and high inflation, a labour expert said Tuesday.