National Business

BRUSSELS (AP) — The European Union wants to lower a cap on the price of Russian oil to deprive the Kremlin of extra profits to fund its war in Ukraine as part of a new raft of sanctions aimed at forcing Moscow to the negotiating table, senior officia

OTTAWA — The Liberal plan to give first-time homebuyers a tax break on a newly built home could have substantial impacts on housing affordability — with a few caveats — a new analysis finds.

WASHINGTON (AP) — President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday.

TORONTO — Movie theatre company Cineplex Inc. reported its May box office report rose compared with a year ago helped by Final Destination: Bloodlines, Lilo & Stitch, and Mission: Impossible – the Final Reckoning.

CALGARY — A report says new cleanup rules for renewable energy sites are hurting the competitiveness of Alberta's industry.

VANCOUVER — Toronto resident Krista Jang showed off her "haul" on the False Creek Fishermen's Wharf in Vancouver — a bag of sweet and meaty spot prawns, live and kicking and fresh off the boat.

VICTORIA — The British Columbia government says it's working to reverse changes that slashed accommodation funding for out-of-town parents whose children receive specialized hospital care in Vancouver.

A government push to steer Canada Post and the union representing 55,000 mail workers toward common ground hit a big pothole Monday.

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.