National Business

WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs , but a measure of underlying inflation increased. Prices rose 2.

A case that could provide the Trump administration with new and expansive power over the traditionally independent Federal Reserve will get its first court hearing Friday.

OTTAWA — The federal government posted a $3.3 billion deficit in the first three months of its fiscal year. The result for the April-to-June period compared with a $2.9 billion deficit for the same stretch last year. Revenues increased $3.

Flight attendants' defiance in the face of federal intervention meant to halt a recent strike at Air Canada could set a new precedent for work stoppages, some labour movement-watchers say.

MONTREAL — Laurentian Bank of Canada says it had a net income of $37.5 million in the third quarter, up from a profit of $34.1 million in the same quarter last year.

Strathcona Resources Ltd. says it plans to expand its minority stake in MEG Energy Corp. after its bid for a hostile takeover of the company was spurned in favour of a friendly cash-and-stock purchase offer from Cenovus Energy Inc.

When Sandi Leung visited a Toronto International Film Festival red carpet for the first time in 2015, she realized she could walk up to almost any part of the red carpet and — if she spent a few hours waiting — finagle a selfie with the likes of Eddi

Officials in Penticton, B.C., say police are investigating a recent "threat of violence" directed at a senior member of municipal staff in the Okanagan city.

TORONTO — A potentially precedent-setting showdown between Hudson's Bay and a group of landlords opposing the retailer's push to sell about two dozen of its leases to a B.C. billionaire got underway in court Thursday.

VICTORIA — The British Columbia government has granted consent for a proposed expansion at the Mount Polley copper and gold mine that could extend its operations for another two years until 2033.