National Business

BRUSSELS — European Union foreign ministers on Monday turned up the pressure on Turkey after approving an initial batch of sanctions against the country over its drilling for gas in waters where EU member Cyprus has exclusive economic rights.

VANCOUVER — Cannabis producer Agrima Botanicals Corp. has had its licences revoked by Health Canada, marking the first time that the regulator has stripped away these authorizations.

TORONTO — Canada's main stock index started the week stronger and U.S. markets closed at record highs while Citigroup provided an early glimpse of the potential tone for the second quarter.

SASKATOON — Shares of uranium producer Cameco Corp. closed nearly eight per cent Monday after the company received much less than it was seeking in an arbitration dispute.

Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,510.82, up 22.70 points ). CannTrust Holdings Inc. (TSX:TRST). Health care. Up 64 cents, or 19.16 per cent, to $3.98 on 8.3 million shares.

Organigram Holdings Inc. reported a third-quarter loss as revenue slipped amid lower recreational pot reorders from Ontario and British Columbia, but the cannabis company anticipated growth ahead as edibles and new retail stores come online.

CALGARY — Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth budgets.

MONTREAL — Wood-products producer Stella Jones Inc. says company president and CEO Brian McManus will step down later this year after 18 years at the company.

BEIJING — China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington. The world's second-largest economy grew 6.

OTTAWA — The Canadian Real Estate Association says home sales in June edged higher compared with a year ago, as gains in Greater Toronto and Montreal offset declines in B.C.