National Business

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint due to the large volumes of crude that pass through it every day. The U.S.

TORONTO — Toy company Spin Master Corp. has named Christina Miller as the company's new chief executive, effective July 7.

MONTREAL — Police are spending a third day searching for four people who went missing after a medical transport helicopter crashed on Quebec's North Shore. The Airmedic helicopter crashed into a lake late Friday near Natashquan, Que.

NEW YORK (AP) — Sales of previously occupied U.S. homes edged higher in May, as stubbornly high mortgage rates and rising prices made homebuying less affordable even as the inventory of properties on the market continued to increase.

TORONTO — Ontario Premier Doug Ford's government is proposing to weaken an impending slate of new recycling rules because producers of the materials said the system is getting too expensive.

The Competition Bureau has tried to address at least the uncertainty of the law by providing guidelines, with a finalized version out just over two weeks ago.

Financial data shows the consensus among economists is that inflation ticked up to 1.8 per cent year-over-year last month.

The court-appointed receiver of a Yukon gold mine that suffered a catastrophic heap-leach facility failure last year said it plans to sell the mine and will be seeking approval within the week to start the process.

BRUSSELS — Prime Minister Mark Carney arrived in Europe on Sunday for back-to-back summits where he is expected to make major commitments for Canada on security and defence.

Hudson's Bay is expected to be back in court Monday, when it will ask a judge to approve a $6-million deal to transfer three of its leases to B.C. mall owner Ruby Liu.