National Business

TORONTO — Sunwing Airlines Inc. is rejecting a claim by pilots that it bargained in bad faith by opting not to disclose a forthcoming acquisition by WestJet.

TORONTO — Canada's main stock index bounced back near the end of day to avoid its weakest close in 15 months, but still ended down on commodity weakness with crude oil and metals sinking on recession fears.

TORONTO — The merger saga of Rogers Communications Inc. and Shaw Communications Inc. continues as two days of talks with the Competition Bureau failed to resolve the watchdog's objections to the companies' proposed deal.

WASHINGTON (AP) — Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says June's Montreal home sales dropped 11 per cent since the same time last year, but the market is still favouring sellers.

CALGARY — Telus Corp. marked the opening of its new 60-storey Calgary headquarters on Wednesday. The new $400-million skyscraper, Telus Sky, has been in development for nine years and is now the third-tallest building in downtown Calgary.

CALGARY — Tidewater Midstream and Infrastructure Ltd. has pleaded guilty to a charge related to the company's release of acidic water in west-central Alberta in October 2019.

OTTAWA — Residential mortgage debt grew last year by the fastest pace since 2008 says a new report from Canada Mortgage and Housing Corp.

New research paints a sombre outlook for Canadian household finances as inflation takes a bite out of real wages and rising interest rates mute economic growth.

TORONTO — Talks between the Competition Bureau and Rogers Communications Inc. and Shaw Communications Inc. this week failed to resolve the regulator's objections to their merger, the companies said Wednesday.