National Business

TORONTO — Gold Fields Ltd. has signed a deal to buy Yamana Gold Inc. in an deal valued at US$6.7 billion. The companies say the deal will bring together two complementary gold portfolios. Under the agreement, Yamana shareholders will receive 0.

Bob Lai, a 39-year-old product manager and blogger in Vancouver, has an investment portfolio comprised of 51 dividend stocks and one ETF. Lai started investing in his early 20s when ETFs weren’t widely available or popular.

ST. JOHN'S, N.L. — Cenovus Energy will restart work on the West White Rose offshore oil project in Newfoundland, ending nearly two years of uncertainty in the local energy sector, the company announced Tuesday.

SILVER SPRING, Md. (AP) — U.S. consumer confidence edged lower for the second consecutive month as Americans' view of their present and future prospects dimmed in the midst of persistent inflation.

Alberta’s cannabis regulator sent a warning to pot retailers and suppliers after receiving complaints about agreements requiring marijuana producers to purchase sales data in exchange for shops carrying their products.

LONDON (AP) — Eurozone inflation hit a record 8.1% in May amid surging energy and food costs fueled in part by Russia's war in Ukraine . Annual inflation in the 19 countries that use the euro currency soared past the previous record of 7.

GATINEAU, Que. — Rogers Communications Inc. and Shaw Communications Inc. say they will oppose a hearing by the Competition Tribunal but have agreed not to close their $26-billion merger until objections by the Competition Bureau are resolved.

BRUSSELS (AP) — European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial suppo

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,919.40, up 170.82 points.) Enbridge Inc. (TSX:ENB). Energy. Up 57 cents, or one per cent, to $59.35 on 8.8 million shares.

WINNIPEG — The Manitoba government is proposing legislation that would allow for a higher minimum wage to help people cope with inflation, but said it will consult with business and labour groups before deciding on an exact figure.