National Business

A W-shaped recovery from the COVID-19 pandemic could trigger a nearly 50 per cent drop in housing prices and a peak unemployment rate of 25 per cent, if the government doesn't offer relief, says the Canadian Mortgage and Housing Corporation.

COVID-19 has been far from sweet for Godiva, which has decided to sell or close its stores across North America. The luxury chocolatier says 128 brick and mortar locations, including 11 in Canada, will shut by the end of March.

CALGARY — Vancouver-based Eldorado Gold Corp. says it has struck a deal to buy the shares of Quebec exploration company QMX Gold Corp. it doesn't already own in a cash-and-shares transaction worth $132 million or 30 cents per share.

SEATTLE — Amazon is offering its colossal operations network and advanced technologies to assist President Joe Biden in his vow to get 100 million COVID-19 vaccinations to Americans in his first 100 days in office.

FRANKFURT — With more than a trillion euros in stimulus still in the pipeline to the economy, the European Central Bank left its key bond-purchase program unchanged Thursday as the 19-country eurozone endures a winter economic slowdown due to the pan

TORONTO — Ahmed Najar only started investing two years ago after discovering a way to do so that aligns with his Muslim values.

CALGARY — TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project. The company suspended work on the project Wednesday as U.S.

WASHINGTON — U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years. The better-than-expected December gain followed an increase of 9.

WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic.

VANCOUVER — Changes to India's farm laws could open up the second most populous country to Canadian farmers, although a lot remains unknown about how a liberalized market might affect nations looking to export their produce, experts say.