National Business

BERLIN (AP) — Finance ministers from the Group of Seven industrial powers on Friday pledged to put in place a system designed to cap Russia's income from oil sales, an idea that the nations' leaders had promised to explore at their summit in June.

VANCOUVER — The Real Estate Board of Greater Vancouver says last month's home sales plunged roughly 40 per cent since August 2021, but were almost unchanged from this past July.

TORONTO — Sun Life Financial Inc. has signed a deal to buy a majority stake in U.S. firm Advisors Asset Management Inc. for US$214 million. AAM provides a range of services and products to financial advisers.

CALGARY — The final long weekend of summer will also be the cheapest for Canadian drivers, with gasoline prices heading into the Labour Day holiday the lowest they've been since late February.

TOKYO (AP) — Nissan will more aggressively push electric vehicles to take advantage of a new U.S. law that gives up to $7,500 in tax credits, the Japanese automaker said Friday.

The Centers for Disease Control and Prevention on Thursday endorsed updated COIVD-19 boosters , opening the way for a fall vaccination campaign that could blunt a winter surge if enough Americans roll up their sleeves.

Canada's main stock index extended its broad-based sell-off into a fifth straight day Thursday, as recessionary fears mounted and global commodity prices slumped. The S&P/TSX composite index closed down 188.09 points at 19,142.72.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,142.72, down 188.09 points.) Suncor Energy Inc. (TSX:SU). Energy. Down $1.58, or 3.72 per cent, to $40.91 on 13.8 million shares.

VANCOUVER — Lululemon Athletica Inc. says revenue climbed 29 per cent in the second quarter compared with the same period last year as it saw sales climb across its operations including higher gains in both online and international segments.

NEW YORK — A late burst of buying erased some of the stock market’s losses, leaving indexes mixed on Wall Street at the closing bell.