Eagles’ Don Henley asks Congress to change copyright law

Eagles’ Don Henley asks Congress to change copyright law
WASHINGTON — Eagles songwriter Don Henley urged Congress on Tuesday to “Take It to the Limit” to protect artists against online pirating, wading into a copyright fight pitting Hollywood and the recording industry against big tech platforms like Google’s YouTube. The blockbuster hitmaker of the 1970s testified online from his home before a Senate Judiciary subcommittee weighing possible changes to... Read More

Canadian auto sales drop 44 per cent in May, an improvement from April

Canadian auto sales drop 44 per cent in May, an improvement from April
TORONTO — DesRosiers Automotive Consultants says Canadian auto sales dropped by 44 per cent in May, an improvement from the estimated 74.6-per cent decline in April when the COVID-19 outbreak first affected a full month of sales. An estimated 113,224 new light vehicles were sold last month, up from 45,833 sold in April when sales were on par with the... Read More

Investor optimism pushes stock markets, oil and loonie to near three-month highs

Investor optimism pushes stock markets, oil and loonie to near three-month highs
TORONTO — Investor optimism about economic reopenings pushed North American stock markets, crude oil prices and the loonie to nearly three-month highs. The S&P/TSX composite index closed up 158.15 points at 15,394.36. In New York, the Dow Jones industrial average was up 267.63 points at 25,742,65. The S&P 500 index was up 25.09 points at 3,080.82, while the Nasdaq composite was... Read More

Bell, Telus award 5G contracts to European firms, Huawei shut out

Bell, Telus award 5G contracts to European firms, Huawei shut out
MONTREAL — Huawei Technologies Inc.’s ambitions to be a player in Canada’s 5G network took a major hit Tuesday as two of the country’s three largest telecom companies announced partnerships with the Chinese tech giant’s European rivals. Bell Canada announced Tuesday morning that Sweden-based Ericsson will be its second supplier of the radio access network equipment that has been Huawei’s main product line in Canada since... Read More

Astronauts ring opening bell for Nasdaq from space station

Astronauts ring opening bell for Nasdaq from space station
CAPE CANAVERAL, Fla. — The astronauts launched into orbit by SpaceX joined in the ringing of the opening bell for the Nasdaq on Tuesday to mark “a pivotal moment” for the space economy. NASA astronauts Doug Hurley and Bob Behnken took part in the ceremony from the International Space Station, three days after their launch by Elon Musk’s company. SpaceX... Read More

Metro Vancouver homes sales fall 44 per cent in May, but prices are high as ever

Metro Vancouver homes sales fall 44 per cent in May, but prices are high as ever
VANCOUVER — Home sales in the Greater Vancouver area continued their steep year-over-year drop last month amid confinement measures and physical distancing requirements. The Real Estate Board of Greater Vancouver says residential sales totalled 1,485 in May, a nearly 44 per cent decrease from May 2019 and 54 per cent below the 10-year average for the month. However, the figures marked... Read More

Molson will eliminate about 190 jobs following 2021 move of Montreal brewery

Molson will eliminate about 190 jobs following 2021 move of Montreal brewery
MONTREAL — Molson Coors Beverage Co. will eliminate about 190 temporary and permanent jobs in Quebec by the end of 2021 following its move to a new brewery complex south of Montreal. The company told employees Tuesday that the more automated facility being built in Longueuil will have new technologies that will improve its efficiency. Molson says 87 permanent and... Read More

Air Canada raises $1.6 billion to mitigate losses during pandemic

Air Canada raises $1.6 billion to mitigate losses during pandemic
MONTREAL — Air Canada says it has raised $1.59 billion from share and debt offerings to refill its coffers as cash drains out during the COVID-19 pandemic. The company says it sold 35.4 million voting shares at $16.25 apiece for gross proceeds of $575.6 million. It also issued $1.02 billion in convertible senior unsecured notes due in 2025, well above... Read More