National Business

DETROIT (AP) — The announcement Wednesday that seven major automakers are joining to build a large North American electric vehicle charging network should pull people off the sidelines to at least consider shifting away from gas-powered vehicles.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,561.64, up 10.11): TC Energy Corp. (TSX:TRP). Energy. Up 44 cents, or 0.91 per cent, to $48.94 on 11.9 million shares.

TORONTO — Canada's main stock index posted anemic gains Wednesday as a rise in battery metals, industrials and health care balanced out weakness in technology stocks, while U.S. markets were mixed after another central bank rate hike.

NEW YORK (AP) — Wall Street held steady after the Federal Reserve followed through on expectations and raised its benchmark interest rate to its highest level in more than two decades.

TORONTO — Sun Life Financial Inc. has reached a deal to acquire virtual care provider Dialogue for about $277 million.

BRAMPTON, Ont. — Large global suppliers are driving costs higher for Loblaw Companies Ltd., the firm said as it released earnings for the second quarter that showed profits up despite lower gross margins.

OTTAWA — The Bank of Canada says it's trying to not raise interest rates more than it has to, as members of the governing council are mindful of the risks associated with raising rates too much.

CALGARY — Crescent Point Energy Corp. reported its second-quarter profit fell by 36 per cent year-over-year as global oil prices declined from 2022's dramatic peaks. The Calgary-based company said Wednesday it earned $212.

TORONTO — A new report from an advocacy group says that Canada's big banks show "no urgency" in ramping up action against climate change.

TORONTO — Rogers Communications Inc. says it found $48 million in cost savings in its most recent quarter after closing its deal to buy Shaw Communications Inc.