National Business

CALGARY — The Alberta Securities Commission is alleging a Vancouver company made misleading statements when it claimed to be researching and developing for sale a cedar leaf oil vapour product to prevent the spread of the coronavirus.

Airbnb announced this week it would ban "all parties and events at Airbnb listings," setting a cap of 16 people per rental property. The home-sharing platform said the move was in the best interest of public health.

LANSING, Mich. — Michigan Democratic Gov.

TORONTO — The U.S. arm of TD Bank Group has reached a US$122-million settlement with the U.S. Consumer Financial Protection Bureau after an investigation into its marketing and sales practices related to its overdraft services. The U.S.

SILVER SPRING, Md. — Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.

CALGARY — Calfrac Well Services Ltd. says a U.S. competitor urging shareholders to reject its recapitalization plan is a "wolf in sheep's clothing" whose real goal is a corporate takeover.

TORONTO — Cannabis retailers High Tide Inc. and Meta Growth Corp. will merge in a new deal that they say will make them the largest legal pot shop network in Canada.

LONDON — Britain's government debt has breached the 2 trillion-pound ($2.6 trillion) mark for the first time after heavy borrowing to support the economy during the coronavirus pandemic.

SILVER SPRING, Md. — U.S. home sales rose an unprecedented 24.7% in July as extraordinarily low mortgage rates, and a desire for more space in the pandemic, fuel demand.

ANKARA, Turkey — Turkish President Recep Tayyip Erdogan has announced the discovery of a large natural gas reserves off the Black Sea coast, days after he promised “good news” that would usher in a “new era” for the energy dependent country.