National Business

OTTAWA — Prime Minister Mark Carney is promising that Canada will quickly boost its defence spending to hit the NATO member target of two per cent of national GDP this year.

MONTREAL — Quebec has abolished its floor price on gasoline in a bid to bring down costs at the pump. The Quebec government announced the measure in April after the federal government scrapped the consumer carbon tax.

VICTORIA — High school students walking across graduation stages this month will step into an uncertain job market as B.C. has the second-highest youth unemployment rate in Canada.

TORONTO — U.S.-China trade talks in London give investors the latest shot of optimism even as North American markets registered few gains Monday. In New York, the Dow Jones industrial average was down 1.11 points at 42,761.76.

HALIFAX — A Mi’kmaq band has dropped a legal case alleging Ottawa was violating its treaty rights in the lobster fishery, after hopes were raised of a historic deal.

TORONTO — Canada's competition watchdog is suing DoorDash Inc. and its Canadian subsidiary, accusing them of marketing their online delivery services at a lower price than what consumers actually wind up paying.

TORONTO — Two First Nations that signed deals with the provincial government to improve access to the Ring of Fire are speaking out against a new Ontario law that seeks to ease mineral extraction in the northern region.

NEW YORK (AP) — U.S. stocks drifted closer to their record as the world’s two largest economies begin talks on trade that could help avoid a recession. The S&P 500 rose 0.1% Monday and is 2.3% below the record it reached in February.

MONTREAL — Montreal's transit maintenance workers have started a nine-day strike that is causing widespread disruption in the city's network and causing headaches for public transit users.

CALGARY — Keyera Corp. has reached an agreement to double the volume of liquefied petroleum gas it plans to export through a West Coast export facility being built by AltaGas Ltd.