National Business

Best Buy, one of the country's largest consumer electronics retailers, is laying off about 0.7 per cent of its workforce, estimated to be about 700 employees.

TORONTO — Canada's main stock index closed down just 30 points Wednesday as losses in energy and industrials outweighed gains in other areas, while U.S. stock markets were mixed. The S&P/TSX composite index was down 29.95 points at 20,599.60.

BANFF, Alta. — Banff tourism officials have joined the call for better management of visitor traffic in the most heavily visited parts of the national park.

NEW YORK (AP) — Stocks shook off an early slide and wound up little changed as worries about corporate profits weighed on the market. The S&P 500 ended barely lower and the Dow ended barely higher. The Nasdaq fell 0.2%.

TORONTO — The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent — the highest it's been since 2007.

TORONTO — A Postmedia Network Corp. memo obtained by The Canadian Press shows the newspaper publisher has shuffled editors of its Prairies papers a day after it announced 11 per cent of staff would be laid off.

OTTAWA — Shopify Inc. is raising prices for three of its service plans after they remained "largely unchanged" for 12 years.

OTTAWA — The Bank of Canada delivered what it expects to be its last interest rate hike of the cycle as it pauses to assess the effects of higher rates on the economy.

TORONTO — Canadians who watched the cost of taking out a mortgage steadily increase over the last year were dealt another blow when the Bank of Canada upped its interest rate to 4.5 per cent Wednesday.

OTTAWA — Bank of Canada governor Tiff Macklem says the federal government is working on legislative changes that will allow the central bank to temporarily retain profits to cover losses related to policy decisions made to boost the economy during th