Company releases, economic news, and business coverage.
TORONTO - Ontario has hired lobbyists in Texas and is threatening protectionist measures of its own as it tries to convince state officials not to pass a Buy American bill.
Premier Kathleen Wynne claimed victory last month after a successful Ontario push to stop similar provisions in New York state.
Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (15,410.73, down 8.76 points):
WASHINGTON - Restaurants, grocers and other businesses celebrated on Thursday as House Republicans backed off efforts to eliminate the cap on fees that banks can charge retailers when customers use a debit card.
The chairman of the Financial Services Committee, Rep. Jeb Hensarling, R-Texas, had pushed for scrapping the limit as part of his legislation to gut the Dodd-Frank law, the strict financial rules established after the 2008 financial crisis and the Great Recession. Big banks have lobbied strenuously against the cap, arguing that it hurts financial institutions while giving a break to retailers.
TORONTO - The CBC says it gave Subway plenty of opportunity to refute the findings of an investigation into the sandwich chain's chicken products before airing reports that prompted a defamation lawsuit from the company.
In a statement of defence filed earlier this month, the broadcaster says it diligently conducted a "fair and thorough" investigation into several fast-food chicken products, including Subway's oven-roasted chicken and chicken strip items.
CALGARY - Tougher methane emission regulations unveiled Thursday are expected to create oil and gas services jobs, but have raised concern that the costs of implementation could further weaken an industry hit hard by two years of commodity price uncertainty.
The new restrictions to be phased in between 2020 and 2023 will require energy companies to regularly check equipment for leaks, make repairs, use cleaner technologies, monitor emission levels and report results to Ottawa.
WINNIPEG - Several premiers are heading to the United States capital next month to push back against anti-trade sentiment south of the border.
Manitoba Premier Brian Pallister says he and several other provincial leaders are to spend June 5-7 in Washington, D.C., to promote the benefits of free trade. He said the trip was prompted in part by President Donald Trump's attempts to change or even scrap the North American Free Trade Agreement.
MONTREAL - Rayonier Advanced Materials will "come to bat" to protect the interests of Tembec in the cross-border battle over softwood lumber, the head of the Florida-based company said Thursday after announcing a friendly takeover of the Quebec forestry firm.
The deal, valued at US$807 million including debt, would see the merged entity keep a Canadian headquarters in Montreal, with the main corporate office in Jacksonville, Fla.
ATHENS, Greece - A letter bomb exploded inside the car of former Greek Prime Minister Lucas Papademos in central Athens on Thursday, wounding him and two Bank of Greece employees, officials said.
All three were described as being conscious and hospitalized in stable condition.
TORONTO - Videotron wants Canada's telecom watchdog to review its decision that requires the company to stop offering its unlimited music service by mid-July, saying it will otherwise suffer irreparable harm.
The CRTC ruled last month that Internet service providers can no longer exempt some content from counting towards customers' data caps and gave Videotron until July 19 to ensure its unlimited music streaming service complied with the new regulations.
PALOMINO VALLEY, Nev. - President Donald Trump's budget proposal calls for saving $10 million next year by selling wild horses captured throughout the U.S. West without the requirement that buyers guarantee the animals won't be resold for slaughter.
Wild-horse advocates say the change would gut nearly a half-century of protection for an icon of the American West and could send thousands of free-roaming mustangs to foreign slaughterhouses for processing as food.