National Business

SOMERSET, Mass. (AP) — President Joe Biden on Wednesday announced modest new steps to combat climate change and promised more robust action to come, saying, “This is an emergency and I will look at it that way.

A steel producer has announced plans to build and operate an aluminum mill in the southeastern U.S.

TORONTO — A surge in Shopify shares powered the technology sector higher as the bounce in Canada's largest market index continued for a fourth day. The S&P/TSX composite index closed up 82.96 points to 19,020.67.

NEW YORK — Wall Street tacked more onto its big gains from a day earlier Wednesday, as more profit reports roll in from U.S. companies. The S&P 500 rose 0.6%, a day after soaring 2.8% for its best day in weeks. The Nasdaq led the market with a 1.

COLOMBO, Sri Lanka (AP) — Sri Lankan lawmakers on Wednesday elected the unpopular prime minister as their new president, a choice that risked reigniting turmoil in the South Asian nation reeling from economic collapse and months of round-the-clock pr

OTTAWA — Economists are predicting Canada's inflation rate may have peaked in June as soaring gas prices pushed the cost of living up 8.1 per cent compared with a year ago, its hottest pace in nearly 40 years.

TORONTO — BMO Financial Group says it has struck a deal to buy Radicle Group Inc. for an undisclosed sum as it looks to expand its emission reduction advisory services.

VAUGHAN, Ont. — Bausch + Lomb Corp. says Joseph Papa is stepping down as chief executive and chair of its board of directors. The eye health company says Thomas Ross Sr.

Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June as higher mortgage rates and rising prices kept many home hunters on the sidelines. Existing home sales fell 5.

BRUSSELS (AP) — The European Union’s head office on Wednesday proposed that member states cut their gas use by 15% over the coming months as the bloc braced for a possible full Russian cutoff of natural gas supplies that could add a big chill to the