National Business

TOKYO (AP) — Asian shares were mostly lower Wednesday as investors fretted that the Federal Reserve might raise interest rates faster if pressure stays high on inflation. Japan's benchmark Nikkei 225 edged up 0.2% in morning trading to 28,370.92.

OKLAHOMA CITY (AP) — Oklahoma voters on Tuesday rejected the legalization of recreational marijuana, following a late blitz of opposition from faith leaders, law enforcement and prosecutors.

VICTORIA — British Columbia auditor general Michael Pickup says the province's public institutions are susceptible to fraud, but he can't release specifics about the theft and corruption reported to his office in a survey conducted this year.

NEW YORK (AP) — Fox Corp.

TORONTO — Echelon Wealth Partners Inc. and PI Financial Corp. say they are merging to create an investment advisory, wealth management and capital markets firm with more than $12 billion in client assets.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,275.54, down 239.26): Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 1.61 per cent, to $47.06 on 15.7 million shares.

TORONTO — Canada's main stock index fell more than one per cent Tuesday with losses in energy, metals and financials leading the way down, while U.S. markets fell further. The S&P/TSX composite index was down 239.26 points at 20,275.54.

Canadian pet food and supplies retailer Pet Valu Holdings Ltd. offered an ambitious outlook for 2023 on Tuesday, saying it expects to grow revenue, increase sales and expand its share of the lucrative pet industry market this year.

The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.

Canada's bank regulator has issued a framework to guide banks and insurance companies in protecting themselves against climate-related risks.