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Business News Summary Headlines

Company releases, economic news, and business coverage.

Save NAFTA's Chapter 19, says Mulroney: 'We had quite a fight in 1987 to get it'

TORONTO - Former Prime Minister Brian Mulroney says it's worth saving a key NAFTA dispute-settlement mechanism that he fought hard to include in the original bilateral free-trade deal, as the U.S. now calls for its elimination.

Mulroney says this system of private-arbitration panels in the North American Free Trade Agreement known as Chapter 19 has served "all three parties brilliantly for many years."

Friday, September 22, 2017 | 06:10 PM

NAFTA talks in Canada could result in energy agreement with Mexico

OTTAWA - An agreement to have Mexico join a NAFTA clause governing oil exports may be one of the first significant products of the renegotiation talks this weekend in Ottawa.

When NAFTA was originally signed 23 years ago, Mexico rejected parts of the energy chapter because its oil industry was entirely owned and operated by the government.

Friday, September 22, 2017 | 05:54 PM

Rumours suggest changes coming to feds' tax reform proposal: B.C. minister

VANCOUVER - British Columbia's finance minister is citing rumours that the federal government intends to back off on elements of its proposed tax reforms that have drawn heavy criticism from small business owners across the country.

Speaking to the Greater Vancouver Board of Trade on Friday, Carole James said she would be surprised if the Canadian government did not make adjustments in light of the backlash since unveiling its tax plans over the summer.

Friday, September 22, 2017 | 05:53 PM

Ex-Tim Hortons CEO denies giving confidential info from rogue franchisee group

VANCOUVER - The former CEO of Tim Hortons denies he provided confidential information to one of Canada's national newspapers after the coffee-and-doughnut chain's parent company commenced legal action against a rogue group of franchisees it alleges were Don Schroeder's informants.

"In preparing my recent statement to the Globe and Mail I neither received confidential Tim Hortons information from the (Great White North Franchisee Association) nor did I disclose any confidential Tim Hortons information," Schroeder wrote in an email.

Friday, September 22, 2017 | 05:46 PM

Ex-Transcontinental employees hoping to breathe new life into local papers

MONTREAL - As Transcontinental sells off its weekly newspaper portfolio, many of its former employees are jumping at the chance to get into the publishing business by snapping up the publications.

And they are hoping to succeed where the media and publishing firm had encountered difficulties in recent years: by re-establishing its place within local communities.

Friday, September 22, 2017 | 05:30 PM

Alberta court ruling says pharmacist regulator can ban reward points for drugs

EDMONTON - A court ruling means Albertans will not be able to collect reward points for drug purchases or pharmacy services.

The Alberta Court of Appeal on Friday overturned a 2016 ruling that said the body that regulates the province's pharmacists did not have the legal power to impose a ban on consumer loyalty programs.

Friday, September 22, 2017 | 05:21 PM

Closure at busy US-Mexico border crossing promises headaches

SAN DIEGO - The busiest border crossing in the United States will close this weekend to the more than 40,000 cars that pass through it daily to Mexico.

The closure between San Diego and Tijuana for work on a $741 million expansion project presents a monumental headache for border businesses, workers, tourists and Christopher Enjambre. His band, Minor Gems, plays gigs in Tijuana.

Friday, September 22, 2017 | 05:14 PM

Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,454.23, down 0.69 of a point):

Friday, September 22, 2017 | 04:59 PM

North American stock indexes finish week flat, Canadian dollar up

TORONTO - North American stock indexes capped of the week on a flat note amid heightened North Korea-U.S. tensions, as the loonie strengthened against a weakening greenback.

Rallying gold and materials stocks weren't enough to lift Toronto's S&P/TSX composite index out of the red, which dropped 0.69 of a point to 15,454.23 in a largely broad-based decline.

Friday, September 22, 2017 | 04:58 PM

Trade panel: Cheap imports hurt US solar industry

WASHINGTON - Low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, a U.S. trade commission ruled Friday, raising the possibility of the Trump administration imposing tariffs that could double the price of solar panels from abroad.

The 4-0 vote by the International Trade Commission sets up a two-month review period in which the panel must recommend a remedy to President Donald Trump, with a final decision on tariffs expected in January.

Friday, September 22, 2017 | 04:22 PM