National Business

GATINEAU, Que. — Hexo Corp. says its ongoing plan to streamline the cannabis business and cut costs includes the reduction of 450 jobs. The Gatineau, Que.

BRUSSELS (AP) — The European Union sued Britain on Wednesday over its move to rewrite the trade rules agreed to when the country left the EU two years ago, ratcheting up tensions between the major economic partners.

GATINEAU, Que. — The Canadian Radio-television and Telecommunications Commission (CRTC) is imposing $7.5 million in penalties on Bell Canada, owned by BCE Inc., for violations of the Telecommunications Act.

BERLIN (AP) — Russia's Gazprom announced a reduction in natural gas flows through a key European pipeline for the second day in a row Wednesday, creating further energy turmoil for Europe as it ties to reduce its extensive use of Russian oil and natu

NEW YORK (AP) — Laura Romani, a Chicago-area resident with a background in education and library science, had been thinking of a new career.

OTTAWA — Statistics Canada has updated the basket of goods it uses to calculate its consumer price index and inflation.

A European Central Bank poised to raise interest rates for the first time in 11 years vowed Wednesday to create an unspecified market backstop that could buffer member countries against financial turmoil like that seen during a debt crisis more than

TORONTO — Kinross Gold Corp. says it has completed the sale of its Russian assets to the Highland Gold Mining group of companies for US$340 million, half of what it had negotiated earlier, after Russian authorities capped the price.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May was up eight per cent compared with April.

MARKHAM, ONT. — The parent company of Mary Brown's Chicken has signed an agreement to acquire Fat Bastard Burrito Co. Financial terms of the deal were not immediately available.