National Business

NEW YORK — A New York judge on Thursday denied the National Rifle Association’s bid to throw out a state lawsuit that seeks to put the powerful gun advocacy group out of business.

BERLIN — World leaders breathed an audible sigh of relief that the United States under President Joe Biden is rejoining the global effort to curb climate change, a cause that his predecessor had shunned over the past four years.

A trade organization representing Canada's movie theatres is calling on British Columbia health officials to explain why cinemas in the province can only open if they're operating as restaurants or bars.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (17,916.20, down 98.71 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 11 cents, or 16.42 per cent, to 78 cents on 26.

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.