National Business

VANCOUVER — Canfor Corporation says it is "restructuring" its operations in British Columbia, permanently closing one sawmill and shuttering another for an extended period amid plans to build a new wood manufacturing facility.

VICTORIA — The company that is building a natural gas pipeline across northern British Columbia has been fined for a third time as a result of failure to comply with the requirements of its environmental assessment certificate. The B.C.

OTTAWA — Key players and close watchers of Rogers Communications Inc.'s proposed takeover of Shaw Communications Inc.

WASHINGTON — Canada and the United States are laying out the details of their new bilateral workaround for the Nexus trusted-traveller system. The biggest change, to take effect in the spring, will allow U.S.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,599.60, down 29.95): Royal Bank of Canada (TSX:RY). Financials. Down $1.63, or 1.21 per cent, to $133.49 on 14.7 million shares.

Best Buy, one of the country's largest consumer electronics retailers, is laying off about 0.7 per cent of its workforce, estimated to be about 700 employees.

TORONTO — Canada's main stock index closed down just 30 points Wednesday as losses in energy and industrials outweighed gains in other areas, while U.S. stock markets were mixed. The S&P/TSX composite index was down 29.95 points at 20,599.60.

BANFF, Alta. — Banff tourism officials have joined the call for better management of visitor traffic in the most heavily visited parts of the national park.

NEW YORK (AP) — Stocks shook off an early slide and wound up little changed as worries about corporate profits weighed on the market. The S&P 500 ended barely lower and the Dow ended barely higher. The Nasdaq fell 0.2%.

TORONTO — The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent — the highest it's been since 2007.