National Business

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.

Canada's second-largest grocery retailer and an industry group representing food manufacturers agreed on Thursday to a draft grocery code of practice they say takes aim at unfairness in the market. Empire Company Ltd.

CALGARY — The Supreme Court of Canada's ruling that the federal carbon price is constitutional raises questions about Canada's ongoing ability to compete with other energy producers around the world, an oil and gas expert said Thursday.

TORONTO — Significant price increases and overvaluation are causing Toronto, Ottawa, Hamilton, Halifax and Moncton's housing sectors to face "high" levels of vulnerability, while rural areas are heating up the national outlook, says the country's hou