National Business

LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K.

FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history.

TORONTO — A report by Re/Max Canada forecasts the national average home sale price in Canada will fall 2.2 per cent in the final months of the year.

OTTAWA — The Bank of Canada will start publishing detailed summaries of its monetary policy deliberations next year following a recommendation from the International Monetary Fund (IMF).

NEW YORK (AP) — For more than half a century, ABC, CBS and NBC have aired evening newscasts each weeknight on television. This fall, the competition has spread to another medium.

CALGARY — Enbridge Inc. has signed a deal to sell a minority stake in seven pipelines in the Athabasca region of northern Alberta to a group of 23 First Nation and Métis communities for $1.12 billion.

High inflation and a strong U.S. dollar will weigh heavily on Canadian snowbirds this winter, experts say.

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.