National Business

WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar, all of which would go into effect on Aug. 1.

OTTAWA — The Conference Board of Canada expects wage hikes will pick up speed in the coming years as the pace of population growth slows down.

OTTAWA — The federal government and Canada's premiers are greatly overselling the benefits of breaking down internal trade barriers, the Canadian Centre for Policy Alternatives argues in a new report.

Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 lost 0.8% Monday. The Dow Jones Industrial Average gave back 0.

Ontario signed an agreement with Alberta to build infrastructure and energy corridors that include a possible railway to the mineral-rich Ring of Fire region, the premiers of both provinces announced on Monday.

WASHINGTON — U.S. President Donald Trump started sending out letters to governments around the world Monday threatening high tariffs in the absence of trade deals — even as he gave himself more time to make those deals.

TORONTO — Mondelez Canada Inc. says it's no longer producing Jersey Milk chocolate bars.

TORONTO — The Edmonton Oilers failed in their quest to bring the Stanley Cup home, but a new report says their playoff run gave a significant boost to spending at the city's restaurants.

TORONTO — A large shareholder of Dye & Durham Ltd. is pushing the company to put itself up for sale and seeking changes to its board of directors. Plantro Ltd.

VANCOUVER — Royal Gold Inc. announced friendly agreements to acquire Sandstorm Gold Ltd. and Horizon Copper Corp. in a pair of deals worth a total of over $5 billion.