National Business

NEW YORK (AP) — Stocks drifted to a mixed close on Wall Street a day after sinking to one of their worst days of the year. The S&P 500 rose 0.1% Wednesday. The Dow fell slightly and the Nasdaq rose 0.4%.

CONCORD, N.H.

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation.

TORONTO — A shareholder of Canaccord Genuity Group Inc. wants to remove the four directors on the company's board that form a special committee that has opposed a buyout offer for the firm by a management-led group of employees. Skky Capital Corp.

OTTAWA — The Bank of Canada is holding its key interest rate steady for the first time in a year, sticking to its wait-and-see approach even as its U.S. counterpart charts a more aggressive path.

WASHINGTON (AP) — President Joe Biden's upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an administration official.

OTTAWA — After years of sitting at rock bottom levels, higher interest rates are forcing Canadians with debt to pay more and crimping budgets — but for investors in need of income from their portfolio, higher rates are a welcome sight.

OTTAWA — Canada posted a merchandise trade surplus of $1.9 billion in January, helped by exports of wheat, canola oil and soybeans, Statistics Canada said Wednesday. The agency said the result compared with a revised surplus of $1.

WASHINGTON (AP) — U.S. employers posted 10.8 million job openings in January, indicating the American job market continues to run too hot for the inflation fighters at the Federal Reserve. Job openings fell from 11.

OTTAWA — The Bank Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank's statement announcing the decision: The Bank of Canada today held its target for the overnight rate at 4.