National Business

WASHINGTON — The oil and gas industry's top lobbying group on Thursday endorsed a federal price on carbon dioxide emissions that contribute to global warming, a reversal of longstanding policy that comes as the Biden administration has pledged dramat

TORONTO, Kan.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,651.10, up 22.81 points.) TC Energy Corp. (TSX:TRP). Energy. Up 78 cents, or 1.33 per cent, to $59.50 on 14.8 million shares.

TORONTO — Shopify Inc. lost its crown as Canada's most valuable company as its total market capitalization from all classes of shares fell below Royal Bank amid the continued pullback by the technology sector.

BEIJING — Chinese state TV called Thursday for a boycott of H&M as Beijing lashed out at foreign clothing and footwear brands following Western sanctions on Chinese officials accused of human rights abuses in the Xinjiang region.

ISMAILIA, Egypt — Dredgers, tugboats and even a backhoe failed to free a giant cargo ship wedged in Egypt’s Suez Canal on Thursday.

TORONTO — Members of Ontario's tourism industry welcomed the province's tailored aid for the struggling sector as the COVID-19 pandemic threatens a second summer.

MONTREAL — BRP Inc. announced an ambitious expansion into electric vehicles on Thursday, investing $300 million over five years as the company looks to adapt to market trends and broaden its appeal to a new set of customers.

TORONTO — The Ontario budget's promise of $2.8 billion for improved broadband internet and cellular service in underserved areas has raised the hopes for many rural cities, towns and counties that are outside the province's major urban areas.

HALIFAX — Nova Scotia's Liberal government is projecting a $585-million deficit driven by pandemic costs in a budget that critics say is light on investment in areas where the virus took its greatest toll.