National Business

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.

VERMILION — A pilot and passenger have died in a plane crash near an airport in central Alberta. RCMP say they were dispatched to the crash shortly after noon on Saturday, and the plane was located approximately 1.

PORTICELLO, Italy (AP) — A British-flagged luxury superyacht that sank off Sicily last year , killing U.K.

OTTAWA — Defence Minister David McGuinty's office says it's considering a “combination of approaches” to boosting pay for armed service members, including introducing retention bonuses for “stress trades.