National Business

BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease trans-Atlantic tensions.

Home sales across the country are starting to slow from highs seen earlier in the year, but the Canadian Real Estate Association still expects the number of transactions during 2021 to set a new record.

MacKenzie Scott, the billionaire philanthropist known for her impromptu multi-billion dollar donations to charities and racial equity issues, announced Tuesday that she has given $2.7 billion to 286 organizations.

WASHINGTON (AP) — Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May. Adding utilities and mines, overall U.S. industrial production climbed 0.8% in May from April, the Federal Reserve reported Tuesday.

ALBERTVILLE, Ala. (AP) — A worker who killed two people and wounded two more at an Alabama fire hydrant plant early Tuesday has been found dead, apparently after killing himself in a car, a police chief said.

SUDBURY, Ont. — A steelworker's union in Sudbury, Ont. has rejected the latest offer by Vale Canada after going on strike for the first time in over 10 years.

VALCOURT, Que. — BRP Inc. says it will spend up to $350 million to buy back its shares.

TORONTO — Gains in the energy sector helped boost Canada's main stock index in late-morning trading as the price of oil also climbed higher. The S&P/TSX composite index was up 89.68 points at 20,247.33.

A deal between Canada Life Assurance Co. and the owner of the Winnipeg Jets will see the hockey team's home arena renamed to the Canada Life Centre.

WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic lockdowns and pushes inflation higher.