National Business

TORONTO — The merger saga of Rogers Communications Inc. and Shaw Communications Inc. continues as two days of talks with the Competition Bureau failed to resolve the watchdog's objections to the companies' proposed deal.

WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says June's Montreal home sales dropped 11 per cent since the same time last year, but the market is still favouring sellers.

CALGARY — Telus Corp. marked the opening of its new 60-storey Calgary headquarters on Wednesday. The new $400-million skyscraper, Telus Sky, has been in development for nine years and is now the third-tallest building in downtown Calgary.

CALGARY — Tidewater Midstream and Infrastructure Ltd. has pleaded guilty to a charge related to the company's release of acidic water in west-central Alberta in October 2019.

OTTAWA — Residential mortgage debt grew last year by the fastest pace since 2008 says a new report from Canada Mortgage and Housing Corp.

New research paints a sombre outlook for Canadian household finances as inflation takes a bite out of real wages and rising interest rates mute economic growth.

TORONTO — Talks between the Competition Bureau and Rogers Communications Inc. and Shaw Communications Inc. this week failed to resolve the regulator's objections to their merger, the companies said Wednesday.

BRUSSELS (AP) — European Union lawmakers voted Wednesday to include natural gas and nuclear in the bloc's list of sustainable activities, backing a proposal from the EU's executive arm that has been drawing fierce criticism from environment groups an

MONTREAL — The Paper Excellence Group has signed a deal to buy Resolute Forest Products Inc. in an agreement that values the company at US$2.7 billion.