Markets sell-off led by tech stocks as U.S.-China trade war hits sectors

A sell-off in North American stock markets intensified on Monday afternoon, led by a decline in technology stocks, after reports that U.S. officials were in the process of introducing restrictions that would block Chinese companies from investing in U.S. tech companies. Reports on Sunday said the U.S. Treasury Department was working on restrictions that would block companies with […]

Pace of new housing construction slows in May, as multi-unit projects slide

The pace of new housing construction in Canada slowed in May amid a double-digit decline in multi-unit projects in urban areas after several months of above-average activity, Canada Mortgage and Housing Corp. said Friday. The federal agency’s seasonally adjusted rate of housing starts for all of Canada — which is an approximation of how much […]

Fatal Tesla Autopilot crash driver did not have hands on wheel: U.S. agency

The National Transportation Safety Board said Thursday the driver using Autopilot in a fatal Tesla Inc. Model X crash in California in March did not have his hands on the wheel in the six seconds before the crash. The NTSB said in a preliminary report the driver had been given two visual alerts and one auditory […]

DBRS upgrades outlook on Bombardier on improved finances, keeps rating unchanged

DBRS Ltd. says it has changed its trend outlook on Bombardier Inc. from stable to positive, but kept its credit rating unchanged at B. The credit rating agency says the financial performance of the plane and train manufacturer over the past two quarters has improved its financial expectations for the company this year and next. […]