National Business

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April.

TORONTO — Aimia Inc. says it has reached a settlement with the Canada Revenue Agency and expects a refund of about $27 million in connection with a 2013 income tax audit of former subsidiary Aeroplan Inc.

TORONTO — Canada's largest private-sector union says former Canadian Auto Workers president Buzz Hargrove has died.

A lakeview cottage with cosy rooms, a sandy beach nearby and a dock to gaze into the sunset was the dream for Corrine Evanoff. "For years, I've been on this journey of trying to find a cottage that would work for us," she said.

TORONTO — Five things to watch for in the Canadian business world in the coming week: G7 G7 leaders will gather in Kananaskis, Alta., for their annual meeting, which starts Sunday.

NORTH VANCOUVER — A real estate listing for a $2 million property in North Vancouver says the home has been excellently maintained and is on an attractive street, but what the description doesn't say is it's a forced sale involving an embezzler and a

NEW YORK (AP) — Oil prices leaped, and stocks slumped Friday on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.

TORONTO — Canada's main stock index closed down along with U.S. markets Friday as investors turned cautious following Israeli attacks on Iranian nuclear and military targets.

CALGARY — It's too soon to know whether a spike in crude prices driven by the latest Mideast turmoil will be a short-term blip or a long-term shift, Canadian oilpatch experts said Friday after Israel attacked nuclear and military sites across Iran.

MONTREAL — In early 2002, Glenn Cowan touched down in Kandahar as part of the first wave of regular Canadian Army troops deployed to Afghanistan, serving in a U.S.-led brigade combat team.