National Business

TORONTO — A broad rally led by the technology and commodity sectors pushed Canada's main stock index higher midweek as the Bank of Canada approved its largest interest rate increase in two decades. The S&P/TSX composite index closed up 122.

TORONTO — Bank of Montreal leaders were asked during the bank's annual shareholder meeting Wednesday if they would "consider a court challenge" after the federal government directed financial institutions in February to freeze accounts of individuals

PARIS (AP) — French far-right presidential candidate Marine Le Pen warned Wednesday against sending any more weapons to Ukraine, and called for a rapprochement between NATO and Russia once Moscow’s war in Ukraine winds down.

Shaw Communications Inc. recorded a smaller profit in its latest quarter as revenue also edged down ahead of its planned multibillion-dollar takeover by one of Canada's largest telecoms.

The bid for Chelsea launched by Boston Celtics co-owner Steve Pagliuca has added Canadian sports tycoon Larry Tanenbaum ahead of Thursday's expected deadline for improved offers for the Premier League club.

VANCOUVER — The joint-venture building a major liquefied natural gas terminal at Kitimat, B.C. has named Jason Klein as its new chief executive officer.

WASHINGTON (AP) — The Biden administration will extend for two weeks the nationwide mask requirement for public transit as it monitors an uptick in COVID-19 cases, according to a person familiar with the matter.

FRANKFORT, Ky. (AP) — A Japanese electric vehicle battery technology company will build a $2 billion factory in Kentucky, creating 2,000 jobs that reinforces the state's leadership in battery production, Gov. Andy Beshear said Wednesday.

OTTAWA — The Bank of Canada is moving ahead with another hike to its key policy rate in the face of decades-high inflation rates and record-low unemployment rates.

TORONTO — The Toronto Star, one of Canada's largest daily newspapers, says it has chosen a new president and CEO. The newspaper says Marina Glogovac will move into the top executive role on June 1.