National Business

WASHINGTON (AP) — The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead.

OTTAWA — Bank of Canada governor Tiff Macklem says the central bank held its key interest rate at five per cent in part because of the effect a wave of upcoming mortgage renewals is expected to have on the economy.

OTTAWA — The Conservatives moved Wednesday to make carbon pricing the ballot box question in the next federal election, seizing on public anxiety about affordability and seeing a crack in the Liberal government's carbon-price armour.

SASKATOON — Nutrien Ltd. says it earned US$82 million in the third quarter, down from US$1.6 billion a year earlier. The Saskatoon-based company, which is the world's largest fertilizer producer, says sales were US$5.

TORONTO — Spin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier. The Toronto-based toy and entertainmentcompany says revenue for the quarter ended Sept. 30 was US$710.

NEW YORK (AP) — Donald Trump Jr. testified Wednesday that he never worked on his father's financial statements, the documents at the heart of the civil fraud trial that threatens former President Donald Trump’s real estate empire.

VAUGHAN, Ont. — Waste removal company GFL Environmental Inc. says it saw a boost in revenue last quarter thanks in part to higher prices. Revenue came in at $1.89 billion in the third quarter, up from $1.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,079, up 205.53 points): Enbridge Inc. (TSX:ENB). Energy. Up 48 cents, or 1.08 per cent, to $44.92 on 11.5 million shares.

TORONTO — Canada's main stock index gained one per cent Wednesday in a broad-based rally led by utilities, telecom and technology stocks, while U.S. markets also rose, particularly after the U.S.

MONTREAL — Two Mohawk men from Kahnawake, near Montreal, have been granted a stay of proceedings in a tobacco smuggling case after a judge ruled their treaty rights were infringed.