National Business

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.

MONTREAL — Quebecor Inc. says it has filed a complaint with the Competition Bureau regarding an agreement between Loblaw and wireless carriers Bell and Rogers, through their joint venture Glentel.

BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles , escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers .

NEW YORK (AP) — Joey “Jaws” Chestnut, the reigning champion of the Nathan’s Famous Fourth of July hot dog eating contest, will not participate in this year's event after signing a deal with a rival brand, organizers said Tuesday.

CALGARY — An energy company says a First Nations blockade and standoff that kept it from using an oil lease road has been resolved. Calgary-based Obsidian Energy says it has reached an agreement in principle with the Woodland Cree First Nation.

MONTREAL — Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.

The Competition Bureau has obtained two court orders requiring the parent companies of Loblaws and Sobeys to hand over information related to its investigation into alleged anticompetitive conduct.

A plastics plant in Sarnia, Ont., that has been subject to recent orders and regulations from both the provincial and federal governments over benzene emissions is permanently shutting down.

WHITEHORSE — Bell Canada says it is selling Northwestel Inc. to Sixty North Unity, a consortium of Indigenous communities from the Northwest Territories, Yukon and Nunavut, for around $1 billion.