National Business

OTTAWA — When you peel back the many layers of tariffs and exemptions imposed by the United States, the effective tariff rate on Canada looks much lower than the headline figures suggest, some economists say.

MONTREAL — The Canadian Coast Guard says a 180-metre bulk carrier has run aground in the St. Lawrence River near Montreal. A spokesman for the coast guard says the Federal Yamaska ran aground near Verchères, Que., at around 5:45 a.m.

NEW YORK (AP) — The U.S. stock market rallied to more records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% Tuesday, beating its all-time high set two weeks ago.

WASHINGTON (AP) — Despite the U.S. taking in record income from President Donald Trump's tariffs in July — with a 273% increase in customs revenues (or $21 billion) from this time last year — the U.S.

Prime Minister Mark Carney is set to meet Monday with Ontario Premier Doug Ford, who says he plans to urge the prime minister to lower taxes in order to stimulate the economy.

MONTREAL — The Caisse de dépôt et placement du Québec posted a return of 4.6 per cent in the first six months of the year, but its executives set the stage Tuesday for more uncertainty in the months ahead.

NEW YORK (AP) — Just five months after emerging from Chapter 11 bankruptcy protection, Spirit Airlines is warning about its future ability to stay in business.

The West Coast Express commuter rail service in Metro Vancouver was disrupted when a train collided with a pickup truck in Port Moody, B.C.

TORONTO — A new proposal could allow do-it-yourself investors to get more support from dealers currently restricted from doing so.

TORONTO — A court will hear Cineplex Inc.'s appeal of a record $38.9-million fine it is facing for deceptive marketing practices this fall.