National Business

OTTAWA — Canada's annual inflation rate was 4.0 per cent in August, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 4.0 per cent in August, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 3.8 per cent (2.5) — Prince Edward Island: 3.

WASHINGTON — Shutting down Line 5 would cause Canada "grave harm" and violate its treaty rights, government lawyers argued Monday as the federal government rejoined the legal fray over the controversial cross-border oil and gas pipeline.

The backlog of air passenger complaints at Canada’s transport regulator has hit a new high topping 57,000, as dissatisfaction over cancellations and compensation persist three and a half years after the outbreak of the COVID-19 pandemic.

TORONTO — Unifor says the likelihood of a strike at Ford Motor Co. is increasing as the expiry of the current contract approaches without a deal in place.

Industry Minister François-Philippe Champagne and Finance Minister Chrystia Freeland met with executives from Loblaw, Metro, Empire, Walmart and Costco on Monday morning. 

TORONTO — The woman who built Indigo Books & Music Inc. into a Canadian retail juggernaut is returning to the helm of the company just weeks after her retirement.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,492.83, down 129.51 points): TC Energy Corp. (TSX:TRP). Energy. Down 41 cents, or 0.81 per cent, to $50.27 on 14.5 million shares.

TORONTO — Losses in technology and base metal stocks helped lead a broad-based decline as Canada's main stock index fell almost 130 points, while U.S. stock markets lost steam midway through the trading day to essentially end flat.

NEW YORK (AP) — U.S. stocks edged higher as Wall Street makes few big moves in advance of the Federal Reserve’s next meeting on interest rates. The S&P 500 closed virtually unchanged Monday.