National Business

SAINT JOHN, N.B. — Irving Oil has laid off 60 workers from its Saint John refinery, saying the pandemic has had an "extreme and serious" impact on its business and industry.

CASPER, Wyo. — The U.S. government has approved routes for a system of pipelines that would move carbon dioxide across Wyoming in what could be by far the largest such network in North America, if it is developed.

CALGARY — Western Canada's oil producers will likely cope better with Joe Biden's cancelling of the Keystone XL presidential permit than they did with the same move by ex-president Barack Obama in 2015, an industry analyst says.

TORONTO — More than one-fifth of Canadian companies say they will adjust their employee's pay if they move to a different location, according to a recent survey.

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.