National Business

MONTREAL — The Quebec Professional Association of Real Estate Brokers says June's Montreal home sales dropped 11 per cent since the same time last year, but the market is still favouring sellers.

CALGARY — Telus Corp. marked the opening of its new 60-storey Calgary headquarters on Wednesday. The new $400-million skyscraper, Telus Sky, has been in development for nine years and is now the third-tallest building in downtown Calgary.

CALGARY — Tidewater Midstream and Infrastructure Ltd. has pleaded guilty to a charge related to the company's release of acidic water in west-central Alberta in October 2019.

OTTAWA — Residential mortgage debt grew last year by the fastest pace since 2008 says a new report from Canada Mortgage and Housing Corp.

New research paints a sombre outlook for Canadian household finances as inflation takes a bite out of real wages and rising interest rates mute economic growth.

TORONTO — Talks between the Competition Bureau and Rogers Communications Inc. and Shaw Communications Inc. this week failed to resolve the regulator's objections to their merger, the companies said Wednesday.

BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc's list of sustainable activities, backing a proposal from the EU's executive arm that has been drawing fierce criticism from environment groups an

MONTREAL — The Paper Excellence Group has signed a deal to buy Resolute Forest Products Inc. in an agreement that values the company at US$2.7 billion.

TORONTO — Commercial real estate firm CBRE says for the second quarter in a row, the country's suburban office vacancy level was lower than the rate seen for downtown regions.

TORONTO — June sales of Toronto homes fell by roughly 41 per cent compared with the same month last year as higher borrowing costs weighed on the market, the region’s real estate board said Wednesday.