National Business

TORONTO — Hudson's Bay Co. has reached a deal to buy luxury department store chain Neiman Marcus, according to media reports.

CALGARY — WestJet says its operations have "stabilized" after a strike by its mechanics over the long weekend upended plans for thousands of Canadians.

TORONTO — Canada's main stock index rose 1.2 per cent Wednesday on broad-based strength, while U.S. stock markets were mixed after they closed early ahead of the July 4 holiday. The S&P/TSX composite index was up 269.87 points at 22,223.67.

CALGARY — Eleven clean energy projects, most of which are based in Alberta, have been selected to receive a total of $11 million in federal funding.

WASHINGTON (AP) — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling.

The B.C. government says a new online portal launching this month will combat bad-faith evictions made by landlords who falsely claim to be putting a property to "personal use," only to increase rent on the unit.

Rental housing construction in Canada has picked up significantly and is expected to keep growing this year, according to a new RBC report. However, the report says more supply is needed to fill the backlog of demand.

WASHINGTON (AP) — General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don't comply with emissions and fuel economy standards.

NEW YORK (AP) — Wall Street’s record-breaking rally kept going after weak reports on the economy kept the door open for possible cuts to interest rates. The S&P 500 rose 0.5% Wednesday to set an all-time high for the 33rd time this year.

HALIFAX — A boil-water advisory that had affected more than 200,000 people living and working in Halifax and the surrounding area was lifted Wednesday morning, 40 hours after it came into effect.