National Business

WASHINGTON — U.S. President Donald Trump has increased tariffs on Canada to a staggering 35 per cent but a critical carveout is likely to shield most goods from the devastating duties.

WASHINGTON (AP) — President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of U.S. trading partners to go into effect on Aug.

WASHINGTON — U.S. President Donald Trump has signed an executive order pushing tariffs on Canada to 35 per cent beginning on Friday, following through on a threat to raise duties if Ottawa didn't make a trade deal.

Automotive industry leaders are hoping to see exemptions for vehicles compliant with the current trade deal as Canada and the U.S. continue discussions ahead of the upcoming tariff deadline.

TORONTO — Aecon Group Inc. reported a loss attributable to shareholders of $7.6 million in its latest quarter, compared with a loss of $123.9 million during the second quarter last year.

TORONTO — CPP Investments says it will help fund an expansion to a data center project in Cambridge, Ont. The pension fund says it will invest $225 million in the project through a 50 per cent interest in a construction loan.

CALGARY — Oilsands producer MEG Energy Corp. says its profits fell during the second quarter compared with a year earlier.

MONTREAL — Quebec vehicle-maker Lion Electric will no longer honour warranties on school buses and trucks sold in the United States, leaving clients south of the border in the lurch.

VANCOUVER — A small group gathered outside Vancouver's art gallery Thursday to remember several women who died recently in B.C. and call for changes within the justice system to prevent more such deaths.

TORONTO — Canada's main stock index finished lower Thursday with broad-based losses amid a flurry of earnings and economic data, while U.S. markets also fell alongside some end-of-month rebalancing. The S&P/TSX composite index was down 110.