National Business

CALGARY — Imperial Oil Ltd. says it and ExxonMobil Canada have entered into an agreement to sell the Montney and Duvernay oil and gas-producing areas of central Alberta to Whitecap Resources Inc. for $1.9 billion.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,222.74, down 35.58 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up 10 cents, or four per cent, to $2.59 on 14.5 million shares.

TORONTO — Waning consumer confidence and Fed warnings about interest rate hikes pushed North American stock markets lower ahead of data Wednesday that could confirm the U.S. is in a technical recession.

MADRID (AP) — Turkey agreed Tuesday to lift its opposition to Sweden and Finland joining NATO, ending an impasse that had clouded a leaders’ summit opening in Madrid amid Europe’s worst security crisis in decades, triggered by the war in Ukraine.

NEW YORK — Stocks slid on Wall Street Tuesday as the market remains gripped by uncertainty over pervasive inflation, rising interest rates and the potential for a recession. The S&P 500 fell 2%, the Dow Jones Industrial Average fell 1.

PARIS (AP) — France’s lower house of parliament on Tuesday elected Yaël Braun-Pivet of President Emmanuel Macron’s centrist alliance as its new speaker. She is the first woman to hold the post.

OTTAWA — Canada's banking regulator is tightening requirements for some types of real estate loansto protect homeowners who may be at greater risk from higher interest rates.

HALIFAX — Nova Scotia's Progressive Conservative government says it will gather information from shoppers this summer as it tries to make good on an election promise to increase demand for local products.

VANCOUVER — Teck Resources Ltd. has announced a carbon capture utilization and storage pilot project at its operations in Trail, B.C. The plant will capture three tonnes per day of carbon dioxide from the acid plant flue gas at the Trail operations.

WASHINGTON (AP) — U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they've been about the future in almost a decade.