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.
NEW YORK - For many Americans, the unrest sweeping through several cities this past weekend was reason enough to stay home and watch it on television.
TORONTO - Investor optimism about economic reopenings pushed North American stock markets, crude oil prices and the loonie to nearly three-month highs.
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.
MONTREAL - Huawei Technologies Inc.'s ambitions to be a player in Canada's 5G network are very much in doubt after two of the country's three largest telecom companies announced partnerships with the Chinese tech giant's European rivals.
TORONTO - Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
TORONTO - Tash Jefferies has tried to detox from social media in the last week, but any time she catches sight of social media or her inbox, she spots a constant flow of corporations speaking out in support of addressing racism after clashes in the U.S.
FRANKFURT - The European Central Bank could soon expand its anti-pandemic stimulus program to more than a trillion euros, giving it more firepower to keep the virus crisis from sliding into a new financial crisis for the 19 countries that use the euro.
VANCOUVER - Home sales in the Greater Vancouver area continued their steep year-over-year drop last month amid confinement measures and physical distancing requirements related to the COVID-19 pandemic.
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.
LAVAL, Que. - Sail Outdoors Inc. has filed for bankruptcy protection so it can restructure amid the COVID-19 pandemic.
MONTREAL - Air Canada has raised $1.59 billion from share and debt offerings intended to offset some of the carrier's losses from the COVID-19 pandemic.
Federal safety investigators bypassed aviation regulators on Tuesday and urged leading helicopter manufacturers to install so-called black boxes that would help determine the cause of crashes such as the one that killed former NBA star Kobe Bryant.
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.
Walmart says it will begin closing its Tire, Lube and Express businesses in stores across Canada.
WASHINGTON - Nearly 26,000 nursing home residents have died from COVID-19, the government reported Monday, as federal officials demanded states carry out more inspections and vowed higher fines for facilities with poor infection control.
MONTREAL - Bombardier Inc. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane maker's departure from commercial aviation following a three-decade run.
TORONTO - Some of the most active companies traded Monday on the Toronto Stock Exchange:
TORONTO - North American stock markets followed two strong months of recovery by kicking off June slightly higher amid cautious optimism about economic reopenings.
TORONTO - Ontario is temporarily amending its labour laws to help businesses avoid permanently laying off workers and paying out severance, which could send some into bankruptcy during the COVID-19 pandemic.
TORONTO - As provinces begin to reopen their economies, there's a movement afoot to use mobile phones to alert health authorities to new cases that could lead to future outbreaks.
LONGUEUIL, Que. - Quebec Maple Syrup Producers say they set a new record for maple syrup production this year.
TORONTO - Bell Canada will sell most of its data centres for $1.04 billion to California-based Equinix Inc., which provides locations to house equipment for cloud computing and internet services.
Reitmans (Canada) Ltd. will close two of its retail chains and lay off roughly 1,400 workers as the company continues a restructuring amid the pandemic.
VANCOUVER - HSBC Canada says Linda Seymour has been appointed as the bank's president and chief executive, effective Sept. 1.
MONTREAL - The billionaire founder of the Cirque du Soleil is ending efforts to recover millions of dollars paid to Canadian tax authorities relating to his 2009 stay on board the International Space Station.
WASHINGTON - U.S. construction spending fell 2.9% in April, the largest drop in 18 months, with broad declines across all building activity as shutdowns hobbled projects and workers were told to stay home.
KAMLOOPS, B.C. - Trans Mountain says it has reached another "key milestone" in the project to triple capacity of a pipeline moving oil from the Edmonton area to port in Burnaby, B.C.
WASHINGTON - American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic.
VANCOUVER - Lundin Gold Inc. says it is moving to restart operations at its Fruta del Norte project in Ecuador after suspending operations on March 22 due to the pandemic.
TORONTO - Cineplex Inc. says the Investment Canada Act review of its deal to be acquired by Cineworld Group has been extended to June 15.
RICHMOND HILL, Ontario (AP) _ GeneNews Ltd. (GNWSF) on Monday reported a loss of $2.7 million in its first quarter.
TORONTO - Five things to watch for in the Canadian business world in the coming week:
Michael Raviele agonized for hours over how to break the news to his loyal customers before finally announcing at 4:30 a.m. on May 15 that he was closing Il Gatto Nero, the Italian restaurant his father first opened some six decades prior.
Every morning when Ariella Baron searched her closet for something to wear to work, she would mentally scroll through her schedule to calibrate her outfit to the tasks the day had in store for her.
NEW YORK - Following the arrest of a CNN crew on live television by police on Friday, an apologetic Minnesota Gov. Tim Walz promised that journalists would not be interfered with in reporting on violent protests following the death of George Floyd.
LOS ANGELES - Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.
OTTAWA - Large cruise ships will continue to be prohibited from operating in Canadian waters until at least Oct. 31 because of the coronavirus pandemic, the country's transport minister announced Friday.
TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange:
TORONTO - Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month.
TORONTO - A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.
OTTAWA - Canada's economy had its worst quarterly showing since 2009 through the first three months of 2020 owing to COVID-19, Statistics Canada said Friday, warning an even steeper drop may be coming.
OTTAWA - The cruise-ship season in Canada is all but sunk as Ottawa extends its ban on large ships in Canadian waters until the end of October in an attempt to contain COVID-19.
WASHINGTON - U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
VAUGHAN, Ont. - CannTrust Holdings Inc. says Health Canada has reinstated its licences for its greenhouse in Niagara and that it will immediately restart operations.
Canopy Growth Corp. is rethinking its first-to-every-market strategy after reporting a $1.3-billion loss in its fourth quarter.
MONTREAL - Laurentian Bank Financial Group reported its second-quarter profit fell nearly 80 per cent from a year ago and it cut its dividend in a move to give it more flexibility during the COVID-19 pandemic.
EDMONTON - CWB Financial Group reported its second-quarter profit fell compared with a year ago as the economy tanked due to the steps taken to slow the COVID-19 pandemic and its provisions for credit losses more than doubled.
TORONTO - Aimia Inc. says it plans to defend itself against a move by Air Canada in Quebec Superior Court to halt a merger that the smaller company sees as key to its corporate reinvention.
WASHINGTON - The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy.
TORONTO - Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.
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