National Business

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales and prices rose in July as more homebuyers took advantage of low interest rates to boost activity.

Canada's two major railways shipped record amounts of grain over the past crop year despite a gauntlet of obstacles. Canadian National Railway Co.

WASHINGTON — The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of COVID-19 surge in parts of the country.

WASHINGTON — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports.

TORONTO — Norbord Inc. beat expectations as it swung to an US$18-million profit in the second quarter despite a six-per-cent drop in revenues. The Toronto-based forest products company, which reports in U.S.

LAVAL, Que. — Bausch Health Companies Inc. says it is ending significant legal matters from the Valeant era by agreeing to pay $94 million plus administration costs to resolve a Canadian securities class action.

TORONTO — Thomson Reuters says its core earnings increased to US$221 million in the second quarter despite a small decrease in overall revenues. The Toronto-based company, which reports in U.S.

DETROIT — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct.

WINNIPEG — Great-West Lifeco Inc. says it is selling its Canadian subsidiary GLC Asset Management Group Ltd. to Mackenzie Financial Corp. for $175 million in cash.

MONTREAL — Stingray Group Inc. says revenue in its fiscal first quarter ended June 30 fell by 35 per cent to $52.3 million as the impact of the COVID-19 pandemic hit revenue from radio operations. It is reporting net income of $7.02 million, down 23.