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Members of the central banks' governing council considered only cutting by a quarter-point, but ultimately brought the rate down to 3.25 per cent.

GATINEAU, Que. — The Competition Bureau has released draft guidelines that aim to clarify expectations around new greenwashing rules. The new laws that were passed in June require companies to be able to substantiate environmental claims they make.

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition.

Consumer advocates say proposed changes to Canada's passenger rights charter will perpetuate loopholes that allow airlines to forego compensating travellers whose flights are disrupted.

OTTAWA — The federal government has named Alison Nankivell the new president and chief executive officer of Export Development Canada, succeeding Mairead Lavery who helmed the Crown corporation for the past six years.

TOKYO (AP) — Japanese automakers Honda and Nissan have announced plans to work toward a merger that would form the world’s third-largest automaker by sales, as the industry undergoes dramatic changes in its transition away from fossil fuels.

TORONTO — Losses in the financial, industrial and telecom sectors pushed Canada's main stock index lower in late-morning trading on Monday, while U.S. stock markets were mixed. The S&P/TSX composite index was down 19.13 points at 24,580.35.

WINNIPEG — The Manitoba government is ending its yearlong fuel tax holiday but bringing back the levy at a lower rate.

CALGARY — Oil and gas producer Vermilion Energy Inc. says it is acquiring privately held Westbrick Energy Ltd. for $1.075 billion.

OTTAWA — Statistics Canada says the economy grew 0.3 per cent in October, helped by strength in the mining, quarrying, and oil and gas extraction sector, following a 0.2 per cent increase in September.