National Business

TORONTO — Canada's main stock index stepped lower Wednesday despite strength in energy stocks and battery metals, while U.S. markets fell amid mixed earnings reports from big companies and rising bond yields.

NEW YORK (AP) — Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.

CALGARY — A geothermal energy company is the first recipient of funding from the Canada Growth Fund, the federal government's new $15-billion arm's-length public investment vehicle. Calgary-based Eavor Technologies Inc.

NEW YORK (AP) — Donald Trump was called to the witness stand and then fined $10,000 on Wednesday after a judge concluded that the former president had violated a limited gag order in his civil fraud trial.

OTTAWA — The Bank of Canada held its key interest rate steady at five per cent on Wednesday, but hasn't ruled out future rate hikes as its latest projections show inflation remaining higher in the short term.

TORONTO — The Canadian dollar has dipped against its U.S. counterpart following the Bank of Canada's decision to hold its key interest rate at five per cent. Here's what it means for Canadians.

TORONTO — A new survey finds Canadian business leaders increasingly see climate change plans as good for their bottom line. The survey commissioned by BMO of 700 small and medium business leaders in Canada and the U.S.

LONDON — Air Canada is being accused in the U.K. House of Commons of delaying a British MP from boarding a flight “because his name is Mohammad.

VICTORIA — The British Columbia government is taking steps to accelerate the transition to zero-emission vehicles to meet its 100-per-cent sales target five years sooner than initially planned.

MONTREAL — Canadian National Railway Co. reported a drastic drop in profits for the three months ended Sept. 30, citing falling consumer demand, fallout from the B.C. port workers strike and a raft of forest fires and floods.