National Business

NEW YORK (AP) — U.S. stocks rallied after the Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy. The S&P 500 rose 1.1% Wednesday. The Dow gained 221 points, and the Nasdaq composite jumped 1.

OTTAWA — The Canadian Agricultural Human Resource Council says labour shortages cost the agriculture sector $3.5 billion in sales in 2022. Research by the Conference Board of Canada on behalf of the council found the sector has a vacancy rate of 7.

MONTREAL — Telus Corp. says it has successfully trialled technology that allows smartphones to send and receive voice calls and text messages using satellites.

OTTAWA — The Canadian Dairy Commission is delaying a planned increase to the farmgate price of milk by three months as the food industry grapples with pressure to stabilize food prices. On Wednesday, the dairy commission said an increase of 1.

CALGARY — The Calgary Real Estate Board says the city saw 2,171 home sales in October, marking a 17 per cent increase compared with the same month last year and among the highest levels it has ever reported for October.

TORONTO — The federal government has ramped up financial support to help transition homeowners away from oil furnaces — the most expensive way to heat a home — to heat pumps instead.

TORONTO — Canada Goose Holdings Inc. cut its financial guidance for its full year as it warned an "uncertain" and "increasingly challenging" global landscape along with an unseasonably warm September could hamper sales.

TOPEKA, Kan. (AP) — The operator of the Keystone pipeline system has finished cleaning up a massive December 2022 oil spill, and the creek affected by it is flowing naturally again, the company and the U.S. Environmental Protection Agency say.

WASHINGTON (AP) — Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy. Layoffs fell to 1.

MONTREAL — The Caisse de dépôt et placement du Québec has signed a deal to acquire a 695-kilometre power transmission network in central Brazil in a transaction valued at up to $108.5 million.