National Business

BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease trans-Atlantic tensions.

WASHINGTON (AP) — Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May. Adding utilities and mines, overall U.S. industrial production climbed 0.8% in May from April, the Federal Reserve reported Tuesday.

SUDBURY, Ont. — A steelworker's union in Sudbury, Ont. has rejected the latest offer by Vale Canada after going on strike for the first time in over 10 years.

VALCOURT, Que. — BRP Inc. says it will spend up to $350 million to buy back its shares.

A deal between Canada Life Assurance Co. and the owner of the Winnipeg Jets will see the hockey team's home arena renamed to the Canada Life Centre.

A deal between Canada Life Assurance Co. and the owner of the Winnipeg Jets will see the hockey team's home arena renamed to the Canada Life Centre.

WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May rose 3.2 per cent compared with April, as starts of apartments, condos and other types of multiple-unit housing projects rose higher.

VANCOUVER — Clothing designer and retailer Aritzia Inc. says it has signed an agreement to buy a Reigning Champ, a designer and manufacturer of premium athletic wear.

At Jeremy Shaki’s tech education company, his workforce of around 75 people weren’t always so keen on remote work.