National Business

BRUSSELS (AP) — The European Union imposed sanctions Tuesday on Chelsea soccer club owner Roman Abramovich as part of a new package of measures targeting Russia and President Vladimir Putin's close allies.

The Canadian Real Estate Association said the national average home price climbed by more than 20 per cent since last year to hit a record $816,720 in February, driven by exceptional growth across the country.

VAUGHAN, Ont. — CannTrust Holdings Inc. plans to change its name after exiting creditor protection, with its subsidiary receiving $17 million in financing from a group of investors led by a Netherlands-based private equity investment company.

VAUGHAN, Ont. — CannTrust Holdings Inc. plans to change its name after exiting creditor protection, with its subsidiary receiving $17 million in financing from a group of investors led by a Netherlands-based private equity investment company.

Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.

OTTAWA — Canadian manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal sector to a record high and lift wood product sales higher, Statistics Canada said Tuesday.

TORONTO — Tim Hortons is taking its coffee, doughnuts and Timbits to India. The coffee chain says it will open its first location in the country later this year as part of an agreement with a joint venture owned by Apparel Group and Gateway Partners.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in February rose eight per cent compared with January.

BEIJING (AP) — China's new COVID-19 cases Tuesday more than doubled from the previous day as the country faces by far its biggest outbreak since the early days of the pandemic.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (21,180.78, down 281.05 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down $3.42, or 4.4 per cent, to $74.21 on 18.