National Business

OTTAWA — Canada's annual inflation rate was 2.5 per cent in July, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 2.1 per cent (2.3) — Prince Edward Island: 2.0 per cent (3.

OTTAWA — Canada's annual inflation rate was 2.5 per cent in July, Statistics Canada says.

EDMONTON — The head of the Alberta Teachers' Association says the rollout of new policies banning cellphone use in classrooms starting this fall has some teachers confused about how they'll be expected to follow them.

TORONTO — While interest rates have started to come down, borrowers, and lenders, are still feeling the strain. Just how much stress they're under will be a main focus for analysts as the big banks gear up to report third-quarter results.

OTTAWA — The Conservative Party of Canada has deleted a video that was meant to promote its Canadian values but featured images of what the Defence Minister's office says are Russian fighter jets.

MONTREAL — A potential work stoppage at Canada's two major railways this week would harm small companies — from mom-and-pop shops to outfits with scores of workers — the Canadian Federation of Independent Business says.

TORONTO — Canada's main stock index climbed on Monday amid an “optimistic” late summer mood, while U.S. stock markets also gained. The S&P/TSX composite index rose 61.78 points to 23,116.39.

PORTICELLO, Sicily (AP) — British tech magnate Mike Lynch and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said.

NEW YORK (AP) — Stocks closed higher, tacking on some more gains following Wall Street’s best week of the year. The S&P 500 rose 1% Monday, coming within 1.1% of the all-time high it reached last month. The Dow Jones Industrial Average rose 0.

MONTREAL — Montreal city officials knew the major water main that burst last week and flooded a neighbourhood was showing signs of damage, but they thought there was still time before it needed to be repaired, the head of the city's water service sai