National Business

OTTAWA — Prime Minister Justin Trudeau is headed to Italy on Wednesday to attend the annual G7 leaders' summit, which is taking place as two major geopolitical conflicts weigh on the international community.

BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles , escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers .

OTTAWA — A motion increasing the proportion of capital gains that are taxed in Canada easily passed the House of Commons Tuesday, as the governing Liberals and Conservatives traded barbs about whether it will harm the middle class or make the country

ITUNA, Sask. — Two men with SpaceX descended on a Saskatchewan farm in a moving truck Tuesday to retrieve cosmic junk that fell earlier this year from one of its spacecrafts.

NEW YORK (AP) — Joey “Jaws” Chestnut, the reigning champion of the Nathan’s Famous Fourth of July hot dog eating contest, will not participate in this year's event after signing a deal with a rival brand, organizers said Tuesday.

CALGARY — An energy company says a First Nations blockade and standoff that kept it from using an oil lease road has been resolved. Calgary-based Obsidian Energy says it has reached an agreement in principle with the Woodland Cree First Nation.

CALGARY — A new section of water pipe was set to arrive in Calgary on Tuesday, as the city’s mayor urged residents to stay the course, conserve and keep the taps from running dry.

MONTREAL — Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.

VANCOUVER — The Vancouver Fraser Port Authority says it is "certainly possible" that rules surrounding seaplanes operating in the city's downtown harbour could change in light of an aircraft colliding with a pleasure boat on takeoff over the weekend.

The Competition Bureau has obtained two court orders requiring the parent companies of Loblaws and Sobeys to hand over information related to its investigation into alleged anticompetitive conduct.