National Business

TORONTO — North American markets posted more losses Thursday, reversing some of what they gained in a rally the day before, after the White House said tariffs on China are even higher than previously announced at 145 per cent.

Canada's former top trade negotiator said Thursday that if nations around the world co-ordinate their responses to Donald Trump's global trade war, the U.S. president would be more likely to back away from tariffs sooner.

NEW YORK (AP) — U.S. stocks surrendered a chunk of their historic gains from the day before as President Donald Trump’s trade war continues to threaten the economy. The S&P 500 fell 3.5% Thursday. The Dow Jones Industrial Average dropped 2.

TORONTO — Ontario Premier Doug Ford met in his office today with the Republican governor of Utah, who says he will be telling all of his fellow governors to visit Canada on similar trade missions. Gov.

The chief executive of pipeline operator TC Energy says he believes Canada can be the No. 1 exporter of liquefied natural gas to Asia, but political leadership is crucial to making it happen.

Faced with the extreme market turbulence of the past week, money managers are staying the course and relying on their long-term investment strategies while also looking for opportunities amid the panic.

WINNIPEG — The Manitoba government is putting up $13 million for a centre aimed at helping grain producers find new international trading partners.

MONTREAL — Cogeco Inc. says its plans to offer mobile service in Canada are on track and it has begun signing up customers who already subscribe to its other services.

WASHINGTON (AP) — U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats . Consumer prices rose just 2.

Apparel retailer Frank and Oak says it is closing nine stores across Quebec, Ontario and British Columbia by May 7.