National Business

CALGARY — Home sales in Calgary in June rose compared with a year ago to a new record for the month. The Calgary Real Estate Board says sales totalled 2,915 in June, up 65.3 per cent compared with a year ago.

A gas price analyst said fuel prices hit an all-time high in Vancouver Friday and have risen dramatically across the country, with further increases expected down the road.

MONTREAL — Air Canada is seeking the dismissal of the U.S. Department of Transportation's US$25.5-million fine over the airline's alleged failure to provide prompt refunds after cancelling flights amid the COVID-19 pandemic dismissed.

HARRISBURG, Pa.

Canadian car shoppers hoping to buy a used vehicle ahead of a summer road trip can expect two things: Fewer options and higher prices.

ST. JOHN'S, N.L.

OTTAWA — Canada posted a merchandise trade deficit of $1.4 billion in May compared with a surplus in April as imports rose and exports fell.

WASHINGTON (AP) — The U.S. trade deficit widened in May to $71.2 billion as a small increase in exports was offset by a bigger rise in imports. The Commerce Department reported Friday that the deficit rose 3.1% from the revised April deficit of $69.

BUCHAREST (AP) — A large explosion at Romania's largest oil refinery outside the port city of Constanta on Friday left one person dead and several injured, authorities said.

FRANKFURT, Germany (AP) — Some 130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.