National Business

BRUSSELS (AP) — European Union countries should impose “biting sanctions” on Russian trade and hit officials responsible for “sham referendums” held in parts of Ukraine as Moscow ramps up the war, senior EU officials said Wednesday.

TORONTO — Apotex Pharmaceutical Holdings Inc. has signed a deal to be acquired by U.S. private equity investment firm SK Capital Partners. Financial terms of the agreement for the Canadian drug company were not immediately available.

OTTAWA — A tight labour market and elevated savings during the pandemic will cushion the impact of a recession on Canadians, says a new report from Deloitte.

OTTAWA — Canada’s financial intelligence agency says a wide range of businesses — from food wholesalers to electronics repair services — are being used to disguise the proceeds of illicit cannabis operations.

Montreal-based MTY Food Group Inc. says it has closed its deal to buy casual dining franchisor and operator BBQ Holdings Inc.

BlackBerry Ltd.'s losses eased in the second quarter compared with last year while its revenue dipped. The company, focused on cybersecurity and internet-enabled technology, says it had a net loss of US$54 million for the quarter ending Aug.

NEW YORK (AP) — Besides live sports, the one thing broadcast networks can be counted on for these days is franchise procedural dramas.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,307.91, down 19.13 points) Suncor Energy Inc. (TSX:SU). Energy. Up 53 cents, or 1.45 per cent, to $37.12 on 10.8 million shares.

KYIV, Ukraine (AP) — The Kremlin paved the way Tuesday to annex more of Ukraine and escalate the war by claiming that residents of a large swath overwhelmingly supported joining with Russia in stage-managed referendums the U.S.

TORONTO — Canada's main stock index fell to a new low this year while U.S. markets were mixed after a volatile day of trading that saw stocks swing between gains and losses. The trading tensions came as markets in both Canada and the U.S.