National Business

TORONTO — Brookfield Asset Management Inc. has raised its offer and reached a deal to buy the stake in Brookfield Property Partners LP that it does not already own for US$6.5 billion.

William Mellor knew he wanted a 2015 Ford Mustang – a 50th anniversary edition of the sporty American automobile.

WASHINGTON — The number of Americans applying for unemployment benefits rose by 61,000 last week to 719,000, signalling that many employers are still cutting jobs even as more businesses reopen, vaccines are increasingly administered and federal aid

Canopy Growth Corp. has purchased AV Cannabis Inc. in a bid to build more brand loyalty with customers. The Smiths Falls, Ont.

New Mexico is joining a wave of states that are legalizing recreational marijuana as its Democrat-dominated Legislature sent a package of cannabis bills Wednesday to a supportive governor.

A batch of Johnson & Johnson’s COVID-19 vaccine failed quality standards and can’t be used, the drug giant said Wednesday. The drugmaker didn’t say how many doses were lost, and it wasn’t clear how the problem would impact future deliveries.

Microsoft won a nearly $22 billion contract to supply U.S. Army combat troops with its augmented reality headsets. Microsoft and the Army separately announced the deal Wednesday.

TORONTO — A planned takeover of Shaw Communications' Freedom Mobile banner by Rogers would undermine nearly 15 years of government policy supporting strong competitors to the country's three biggest wireless carriers, Quebecor CEO Pierre Karl Peladea

CALGARY — Shareholders owning more than 95 per cent of the stock in Arc Resources Ltd. have approved its merger with fellow Calgary-based producer Seven Generations Energy Ltd. to create Canada's sixth largest oil and gas company.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,700.67, down 4.89 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up seven cents, or 7.8 per cent, to 97 cents on 20.