National Business

WINNIPEG — Manitoba's minimum wage is to rise to $15.30 an hour on Oct. 1 to help low-income earners deal with the rising cost of living, the provincial government announced Wednesday.

REGINA — Saskatchewan Finance Minister Donna Harpauer tabled the province's 2023-24 budget on Wednesday. Here are some of the highlights: -- Forecast surplus of nearly $1 billion, with almost all going to pay down debt.

TORONTO — Markets in Canada and the U.S. sank in the last hour of trading Wednesday, with U.S. markets down around 1.6 per cent after the Federal Reserve hiked interest rates.

OTTAWA — The Bank of Canada didn't discuss raising interest rates earlier this month in its deliberations, but members were still concerned inflation might be harder to bring down than expected.

DETROIT (AP) — The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production. General Motors, which sells the brawny muscle car, said Wednesday it will stop making the current generation early next year.

SAINT-LAMBERT, Que. — Shippers who ply the St. Lawrence Seaway view critical minerals for electric vehicle batteries as key to their future — but it could be a while before the floodgates open on Canada's largely untapped reserves.

TORONTO — Canadians with a hankering for Shake Shack's juicy burgers and hand-spun milkshakes soon won't have to cross the border to satisfy their cravings. Toronto-based private investment firms Osmington Inc. and Harlo Entertainment Inc.

LONDON (AP) — Former British Prime Minister Boris Johnson insisted “hand on heart” Wednesday that he never lied to lawmakers about rule-breaking government parties during the COVID-19 pandemic, mounting a robust defense at a hearing that could damage

TORONTO — Canada's rental housing shortage will quadruple to 120,000 units by 2026 without a significant boost in stock, Royal Bank of Canada said in a report Wednesday.

TORONTO — With two kids under the age of six living in a two-bedroom, one-bathroom household, Jacquelin Forsey and her husband have long known it would only be a matter of time before their family outgrew their beloved home.