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Company releases, economic news, and business coverage.

How Ontario's cap and trade system works: a few basic details

Ontario formally signed an agreement Friday to link its cap-and-trade system with Quebec and California's joint market on Jan. 1, 2018. Ontario's system has been operating on a stand-alone basis this year, and joining the Quebec-California market means the three jurisdictions will hold joint auctions and harmonize their regulations.

Here is a basic explanation on how Ontario's cap-and-trade system works.

Friday, September 22, 2017 | 01:38 PM

Liberal definition of middle class Canadians 'not useful,' says economist

OTTAWA - The Liberals speak constantly of strengthening the Canadian middle class, but any precise definition of that amorphous category of people getting all the attention has always been ambiguous at best.

Until now depending on how one defines the word "precision."

Friday, September 22, 2017 | 01:30 PM

May tries to reboot Brexit, offers 2-year transition period

FLORENCE, Italy - Britain is prepared to abide by European Union rules and pay into the bloc's coffers for two years after leaving the EU in March 2019, Prime Minister Theresa May said Friday in a conciliatory speech intended to revive foundering exit talks.

The proposal got a positive, if muted, reception from the EU's chief negotiator. But it raised hackles among pro-Brexit U.K. politicians, who accused May of delaying a divorce that is sought by a majority of British voters.

Friday, September 22, 2017 | 01:08 PM

Public shaming likely but GOP wary of new laws after Equifax

WASHINGTON - Prospects are good for a public shaming in the Equifax data breach, but it's unlikely Congress will institute sweeping new regulations after hackers accessed the personal information of an estimated 143 million Americans.

Since early this year, President Donald Trump and the Republican-led Congress have strived to curb government's influence on businesses, arguing that regulations stifle economic growth. Lawmakers have repealed more than a dozen Obama-era rules and the House voted in June to roll back much of Dodd-Frank, the landmark banking law created after the 2008 economic crisis that was designed to prevent future meltdowns.

Friday, September 22, 2017 | 11:17 AM

Canada's inflation rate continues to pick up its pace, reaches 1.4% in August

OTTAWA - The country's annual inflation rate continued to accelerate last month with a boost from higher costs for gasoline, hotels and airline tickets.

The new inflation reading Friday of 1.4 per cent brought the data point closer to the Bank of Canada's ideal target of two per cent and supported the bank's predictions that recent softness was mostly temporary.

Friday, September 22, 2017 | 11:05 AM

Excitement bubbles up at BYU as caffeinated soda now on sale

PROVO, Utah - Mormon church-owned Brigham Young University ended a six-decade ban Thursday on the sale of caffeinated soft drinks on campus, surprising students by posting a picture of a can of Coca-Cola on Twitter and just two words: "It's happening."

The move sparked social media celebrations from current and former students, with many recalling how they had hauled their own 2-litre bottles of caffeinated sodas in their backpacks to keep awake for long study sessions.

Friday, September 22, 2017 | 10:37 AM

China criticizes S&P credit rating cut as 'wrong decision'

BEIJING - China's Finance Ministry on Friday criticized the cut in the Standard & Poor's rating agency's credit rating on Chinese government borrowing as a "wrong decision" and said it ignores the country's economic strength.

S&P announced the change Thursday, citing rising debt it said increased financial risk. The move added to warnings China's debt burden might drag on economic growth or threaten the financial system. It followed a similar downgrade by Moody's Investors Service in May.

Friday, September 22, 2017 | 09:59 AM

QuickList: August inflation rate for selected Canadian cities

OTTAWA - Canada's national annual inflation rate was 1.4 per cent in August, Statistics Canada says. The agency also released rates for major cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples (previous month in brackets):

St. John's, N.L.: 1.2 per cent (1.0)

Friday, September 22, 2017 | 08:51 AM

QuickList: August inflation rates for Canadian provinces, territories

OTTAWA - Canada's national annual inflation rate was 1.4 per cent in August, Statistics Canada says. Here's what happened in the provinces and territories (previous month in brackets):

Newfoundland and Labrador: 1.2 per cent (1.0)

Friday, September 22, 2017 | 08:50 AM

Trump commerce secretary says new study proves need for NAFTA changes

With the next round of NAFTA negotiations set to begin in Ottawa, U.S. President Donald Trump's commerce secretary says a new study proves the need for tougher rules on auto-parts imports in the continental trade agreement.

Wilbur Ross, says a study from his department to be released Friday shows American content dropped six per cent in Canadian auto imports, and 10 per cent in Mexican imports, from 1995, the year after NAFTA was enacted, through 2011.

Friday, September 22, 2017 | 08:44 AM