National Business

REGINA — The Saskatchewan government projected a $1-billion surplus in its budget Wednesday, with no new taxes and millions in new spending.

CALGARY — A U.S. activist investor has set its sights on Calgary-based Parkland Corp., urging the fuel retailer to consider selling or spinning off its Burnaby, B.C., refinery.

OTTAWA — The federal Liberals are moving ahead with plans to create an ownership registry after promising to increase transparency about who owns and controls corporations.

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking

CALGARY — Budget airline Lynx Air announced it's launching two new routes for the summer, one from Hamilton to Vancouver and one from Toronto to Kelowna, B.C.

TORONTO — Field Trip Health & Wellness Ltd. says it has entered creditor protection and is exploring a sale of its business.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,532.78, down 122.14): Crescent Point Energy Corp. (TSX:CPG). Energy. Up 28 cents, or 3.18 per cent, to $9.08 on 11.

WINNIPEG — Manitoba's minimum wage is to rise to $15.30 an hour on Oct. 1 to help low-income earners deal with the rising cost of living, the provincial government announced Wednesday.

REGINA — Saskatchewan Finance Minister Donna Harpauer tabled the province's 2023-24 budget on Wednesday. Here are some of the highlights: -- Forecast surplus of nearly $1 billion, with almost all going to pay down debt.

TORONTO — Markets in Canada and the U.S. sank in the last hour of trading Wednesday, with U.S. markets down around 1.6 per cent after the Federal Reserve hiked interest rates.