National Business

NEW YORK — Stocks closed broadly higher on Wall Street Wednesday, after the minutes from the Federal Reserve's most recent policy meeting showed central bank officials agreed that smaller rate hikes would likely be appropriate “soon.

OTTAWA — Shaw Communications Inc. says it doesn't have the scale and size to give customers the services and products they want, which is why it made the decision to merge with Rogers Communications Inc.

TORONTO — Some of Canada's Big Six banks are pulling ahead of others on climate policy but they all still have a ways to go, said a report out Wednesday.

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.