National Business

TORONTO — Weakening economic conditions weighed on Canadian banks as they began to report second quarter results Wednesday.

WASHINGTON (AP) — Federal Reserve officials were divided earlier this month on whether to pause their interest rate hikes at their upcoming meeting in June, according to the minutes of their May 2-3 meeting released Wednesday.

NEW YORK (AP) — Target is removing some items from its stores and making other changes to its LGBTQ+ merchandise nationwide ahead of Pride month after intense backlash from some customers who confronted workers and tipped over displays.

TORONTO — The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession but said a wide range of investments makes it well-positioned for uncertain economic conditions.

MONTREAL — Cirque de Soleil Entertainment Group is joining forces with metaverse game developer Gamefam to create an online gaming experience on Roblox.

WASHINGTON (AP) — House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators to the White House to finish out debt limit talks, but warned that the two sides are “still far apart” as they try to reach a budget deal with Preside

HALIFAX — The federal government said today it plans to spend $6.3 million on 53 new tourism projects in Nova Scotia.

NEW YORK (AP) — A worldwide swoon for financial markets is carrying over to Wall Street, and stocks are slipping further on Wednesday. The S&P 500 was 0.6% lower in early trading, a day after dropping 1.1% as the U.S.

DELFT, Netherlands (AP) — For those seeking to live in the most sustainable way, there now is an afterlife too.

TORONTO — Scotiabank raised its quarterly dividend as it reported a second-quarter profit of $2.16 billion, down from $2.75 billion in the same quarter last year. The bank said Wednesday it will now pay a quarterly dividend of $1.