National Business

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening.

LINTON, N.D. — Dakota Access pipeline officials argued Wednesday that the company’s proposal to double the line’s capacity does not increase the potential of a failure, a claim that has been long dismissed by opponents of the idea.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,957.99, up 48.61 points.) Enbridge Inc. (TSX:ENB). Energy. Up 70 cents, or 1.38 per cent, to $51.37 on 8.8 million shares.

CAE Inc. has been building unordered pilot training simulators for the grounded Boeing 737 Max aircraft in anticipation of pent-up demand once the commercial aircraft is permitted to resume operations.

TORONTO — Canada's largest telecommunications companies formally asked the federal cabinet on Wednesday to overturn a regulatory decision that slashes what they can charge their smaller competitors for access to their high-speed fibre networks.

TORONTO — Two of North America's main stock indexes hit record highs on Wednesday as investors shrugged off reports of challenges in negotiations between the world's two largest economies. The S&P/TSX composite index closed up 48.

TORONTO — Home Capital Group Inc. shares surged Wednesday after the company announced better-than-expected earnings and a share buyback program. The alternative lender's shares ended up $4.15, or 14.3 per cent at $33.

BELLEDUNE, N.B. — Glencore Canada Corp. has announced the permanent closure of the Brunswick Lead Smelter in Belledune, N.B., resulting in the loss of 420 jobs.

However you watch television, you're probably feeling the content crush unlike ever before.

Shares of Canada Goose Holdings Inc. sank even though it beat expectations as revenue grow more than 25 per cent in its most recent quarter partly as a result of a jump in Asia despite ongoing tensions in Hong Kong. Canada Goose shares lost $4.