National Business

CALGARY — A U.S. activist investor has set its sights on Calgary-based Parkland Corp., urging the fuel retailer to consider selling or spinning off its Burnaby, B.C., refinery.

OTTAWA — The federal Liberals are moving ahead with plans to create an ownership registry after promising to increase transparency about who owns and controls corporations.

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking

CALGARY — Budget airline Lynx Air announced it's launching two new routes for the summer, one from Hamilton to Vancouver and one from Toronto to Kelowna, B.C.

TORONTO — Field Trip Health & Wellness Ltd. says it has entered creditor protection and is exploring a sale of its business.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,532.78, down 122.14): Crescent Point Energy Corp. (TSX:CPG). Energy. Up 28 cents, or 3.18 per cent, to $9.08 on 11.

WINNIPEG — Manitoba's minimum wage is to rise to $15.30 an hour on Oct. 1 to help low-income earners deal with the rising cost of living, the provincial government announced Wednesday.

REGINA — Saskatchewan Finance Minister Donna Harpauer tabled the province's 2023-24 budget on Wednesday. Here are some of the highlights: -- Forecast surplus of nearly $1 billion, with almost all going to pay down debt.

TORONTO — Markets in Canada and the U.S. sank in the last hour of trading Wednesday, with U.S. markets down around 1.6 per cent after the Federal Reserve hiked interest rates.

NEW YORK (AP) — Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but it also doesn’t expect to cut rates anytime soon despite Wall Street’s hopes.