National Business

OTTAWA — The federal government is blocking development of Glencore's Sukunka open-pit metallurgical coal mine project located near Tumbler Ridge, B.C.

OTTAWA — Investors had few places to hide this year. As of closing Wednesday, Canada's main stock index has dropped 12 per cent from the all-time high it hit in the spring.

WASHINGTON (AP) — Shrugging off rampant inflation and rising interest rates, the U.S. economy grew at an unexpectedly strong 3.

TORONTO — Superior Plus Corp. has signed a deal to buy Certarus Ltd., a privately owned distributor of compressed natural gas, renewable natural gas and hydrogen, in a deal valued at $1.05 billion including debt.

LAVAL, Que. — Alimentation Couche-Tard Inc. has signed a deal to buy all of the membership interests of U.S. company True Blue Car Wash LLC.

NEW YORK (AP) — Two top associates of Sam Bankman-Fried have pleaded guilty to criminal charges in the collapse of the cryptocurrency exchange FTX in cooperation deals, a federal prosecutor announced Wednesday in a stunning development that came as t

VICTORIA — The British Columbia government is temporarily suspending requests for electricity connections from cryptocurrency mining operations, saying the decision is aimed at preserving the power supply while supporting climate action and economic

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,571.1, up 264.21): Suncor Energy Inc. (TSX:SU). Energy. Up $1.04, or 2.52 per cent, to $42.29 on 9.8 million shares.

TORONTO — Canada's main stock index gained almost 1.4 per cent Wednesday on broad-based gains, while U.S. markets rose further. The S&P/TSX composite index was up 264.21 points at 19,571.1.

HALIFAX — A prominent credit rating agency has downgraded the bonds of Nova Scotia's electrical utility amid the company's conflicts with the provincial government.