National Business

TORONTO — Canada's biggest banks could be pushed out of a UN-backed, net-zero emissions coalition if they don't boost their climate commitments, a report released Wednesday by Greenpeace Canada says.

OTTAWA — Economists expect the Bank of Canada to move forward with another aggressive interest rate hike next week after the release of data showing the economy remained in relatively good shape during the second quarter of the year.

TORONTO — As Rogers Communications Inc. aims to close its $26-billion proposed takeover of Shaw Communications Inc. by the end of this year, one telecom watcher says the process could drag on into mid-2023.

OTTAWA — As the Bank of Canada tries to reign in red hot inflation, the central bank is engaging in another fight: one against misinformation.

WASHINGTON (AP) — The U.S. on Wednesday authorized its first update to COVID-19 vaccines, booster doses that target today’s most common omicron strain. Shots could begin within days.

NEW YORK (AP) — Stocks are off to a slightly higher start on Wall Street but major indexes remain lower for the week after several days of declines.

TORONTO — The union representing almost 1,500 Loomis Express workers says it has reached a tentative agreement with the company, avoiding a strike that was set to begin Wednesday. Details of the tentative settlement were not immediately available.

LONDON (AP) — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1%, up from 8.

LAVAL, Que. — Alimentation Couche-Tard Inc. says its net earnings rose to $872.4 million in the first quarter of its 2023 fiscal year, a 14 per cent increase from the prior year's quarter.

TORONTO — North American stock markets declined for a third straight trading session Tuesday, as the fallout from a surprisingly hawkish speech last week by the chair of the U.S. Federal Reserve continued.