National Business

WASHINGTON (AP) — The Biden administration announced new automobile emissions standards Wednesday that officials called the most ambitious plan ever to cut planet-warming emissions from passenger vehicles.

NEW YORK (AP) — Stocks rallied to more records after the Federal Reserve indicated it’s still likely to deliver the cuts to interest rates this year that Wall Street craves. The S&P 500 rose 0.9% Wednesday.

OTTAWA — The Bank of Canada expects it will be able to begin cutting interest rates sometime this year, but officials are split on timing.

TORONTO — TD Bank Group has signed an agreement with an Indian bank in a bid to attract international students as new customers and make it easier for them to comply with visa requirements.

CALGARY — Crescent Point Energy Corp. says it plans to change its name to Veren Inc. The company says it will seek shareholder approval for the change at its annual and special meeting of shareholders on May 10.

PORTLAND, Maine (AP) — Maine environmental regulators are set to decide whether the state will join a growing number of states adopting new standards designed to grow the use of electric vehicles.

TORONTO — Royal Bank of Canada is expanding the role of chief legal officer Maria Douvas following the departure of the bank's chief administrative and strategy officer.

A U.S. investor who is seeking to replace a majority of the directors at Gildan Activewear Inc. says the current board cannot be trusted to oversee a sale process for the company.

WINNIPEG — Boyd Group Services Inc. reported a fourth-quarter profit of US$19.1 million, up from US$14.2 million a year earlier, as its sales rose 16 per cent. The autobody repair company, which keeps its books in U.S.

ST. JOHN'S, N.L. — Protesting fishers are blocking Newfoundland and Labrador government officials from entering the legislature this morning ahead of the scheduled presentation of the provincial budget.