National Business

Cancelling March Madness because of the coronavirus pandemic will cost the NCAA about $375 million that it would have distributed to 350 schools across the nation. Some will be able to absorb the losses better than others.

DUBAI, United Arab Emirates — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus — and not winning it” despite dramatic measures by c

MONTREAL — Cirque du Soleil says it hasn't made a decision on steps it will take to stay afloat after cancelling all of its shows and laying off almost all of its employees due to the COVID-19 pandemic.

VANCOUVER — Athleisure retailer Lululemon Athletica Inc. declined to provide a financial outlook for its current fiscal year as the impact of the COVID-19 pandemic unfolds.

WASHINGTON — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (13,371.17 , up 243.94 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 20 cents, or 18.87 per cent, to $1.26 on 27.

TORONTO — Canada's main stock index has made back about a third of its recent losses with the first three-day rally since hitting a record high in February. The S&P/TSX composite index closed 243.94 points or 1.8 per cent higher at 13,371.17.

Jacqui Birchall is hoping for a full refund from WestJet after it cancelled her flight from Puerto Vallarta to Vancouver as part of its major capacity reduction in response to the COVID-19 pandemic.

MONTREAL — Two major Quebec media companies are announcing big cost-cutting measures that they say are necessary to deal with the economic fallout from the COVID-19 pandemic.

TORONTO — The coronavirus outbreak is pushing some realtors to turn away all but the most desperate clients, while others are adopting extraordinary measures in an effort to help maintain social distancing and stem the spread of the pandemic.