National Business

NEW YORK (AP) — U.S. stocks notched some more records as a rally spurred by hopes for lower U.S. interest rates wrapped around the world. The S&P 500 rose 0.3% Wednesday. The Dow Jones Industrial Average climbed 1%, while the Nasdaq added 0.

OTTAWA — Newly released documents show some members of the Bank of Canada were wondering last month whether the central bank’s benchmark interest rate is already low enough to support the Canadian economy through U.S. tariffs.

LOUISVILLE, Ky. (AP) — GE Appliances plans to shift production of refrigerators, gas ranges and water heaters out of China and Mexico as part of a more than $3 billion investment to expand its U.S.

WINNIPEG — Two Indigenous groups in Manitoba have agreed to work together on major infrastructure and development projects. It comes as the federal government looks to fast-track projects across the country.

PORTLAND, Ore. (AP) — A group led by Carolina Hurricanes owner Don Dundon has reached a tentative agreement with Paul Allen’s estate to buy the Trail Blazers and keep the team in Portland.

PORTLAND, Ore. (AP) — Paul Allen’s estate has agreed to a tentative agreement to sell the Portland Trail Blazers to a group led by Carolina Hurricanes owner Tom Dundon.

OTTAWA — The Canadian Union of Postal Workers says it will hold two days of talks with Canada Post.

Gildan Activewear Inc. has gone from potential takeover target last year to it being the big-time buyer as it snaps up HanesBrands Inc. for US$2.2 billion.

TORONTO — Ontario is opening up a $1-billion fund aimed at giving relief to businesses affected by steel, aluminum and auto tariffs.

Travellers say they are bracing for uncertainty as Air Canada prepares to gradually suspend flights ahead of a potential work stoppage on Saturday.