National Business

OTTAWA — Canada's housing market is headed into a period of "severe declines" in sales and construction, but the full effect of COVID-19 on real estate is far from certain at this point, according to a new report by the Canada Mortgage and Housing Co

TORONTO — The COVID-19 pandemic has put a dent in Toronto's economy but it has also taught valuable lessons that should lead to permanent technological change, Mayor John Tory said Tuesday.

EDMONTON — Aurora Cannabis Inc. is making its second round of significant cuts this year as it continues with a restructuring plan meant to address profitability struggles.

NEW YORK — Amazon said Tuesday that its carbon footprint rose 15% last year, even as it launched initiatives to reduce its harm on the environment. The online shopping giant said activities tied to its businesses emitted 51.

As protests against racism and police brutality have gained momentum in the U.S. and around the world in June, fundraising efforts for the families of victims have also proliferated.

CALGARY — Capital Power Corp. says a $92-million expansion of its Whitla Wind power facility in southern Alberta will make it the largest in the province.

BERLIN — The former CEO of German financial technology company Wirecard has been arrested on suspicion of misrepresenting the firm's finances in an accounting scandal that centres on a missing 1.9 billion euros ($2.