National Business

HARTFORD, Conn. (AP) — A new lawsuit has exposed a deep rift between two of Paul Newman's daughters and the late actor's charitable foundation funded by profits from the Newman's Own line of food and drink products.

North American stock markets were largely flat Wednesday as investors took a breather in advance of Friday's meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index was up 36.03 points at 20,021.38.

MONTREAL — National Bank of Canada's profits slipped from a year ago on higher provisions for credit loss, but third-quarter results were buffered by resilient trading revenue and higher net interest income.

OTTAWA — It is feasible to start exporting small shipments of Canadian-made hydrogen to Europe within three years but only if everyone moves quickly, the chairman of a company behind one of the biggest proposed green hydrogen projects in Atlantic Can

ST. JOHN'S, N.L. — The man behind a pitch to build a wind-powered hydrogen facility in western Newfoundland says a recent visit to the region from Canadian and German leaders signalled a big start for Atlantic Canada's hydrogen industry.

TORONTO — Rising interest rates gave a boost to RBC's earnings in the third quarter, but the benefits were outweighed by a significant pullback in capital markets and the deteriorating economic outlook that higher borrowing costs have also triggered.

WASHINGTON (AP) — President Joe Biden on Wednesday announced detailed plans to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need

CALGARY — Prime Minister Justin Trudeau and German Chancellor Olaf Scholz signed a deal this week to help kick-start a transatlantic hydrogen supply chain, with the first deliveries expected by 2025.

TORONTO — Rio Tinto has raised its offer for the 49 per cent stake in Turquoise Hill Resources Ltd. that it does not already own. Turquoise Hill holds a majority stake in the Oyu Tolgoi project in Mongolia.

OTTAWA — The Conference Board of Canada says the Prairie provinces will likely be the top economic performers this year, even as the Bank of Canada's inflation-fighting measures quell the country's overall economic output.