Tesla’s first-quarter net income plummeted 55 per cent, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate the production of new, more affordable vehicles. The Austin-based company said it made $1.13 billion US from January through March compared with $2.51 billion US in the same period a year ago. … Read more
Liberal and NDP MPs are lamenting the loss of the longtime Conservative chair of the parliamentary committee on the Status of Women, saying they hope the change doesn’t hurt their ability to work together across party lines. Members of the committee said they were disappointed to learn that Karen Vecchio, lauded as a collaborator, would … Read more
The latest spat between Quebec and Ottawa over immigration is based on politics and not the reality of the labour market, says the head of a major employers group. “In some ways, it’s deplorable,” said Karl Blackburn, president and CEO of the Conseil du patronat du Québec. His comments come as Quebec Premier François Legault … Read more
Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming what they describe as unreasonable constraints in the company’s licensing agreements for lower-than-expected profits. In a lawsuit filed in Quebec Superior Court on Thursday, 16 companies with Tim Hortons franchise licences allege the TDL Group Corp.’s contracts “place it in a position … Read more
A main organizer of the “Freedom Convoy” is suing the federal government for using the Emergencies Act to freeze his bank accounts, arguing it breached his Charter rights to protest COVID-19 mandates. Chris Barber, who owns a trucking company in southwestern Saskatchewan, filed last week a statement of claim in Court of King’s Bench in … Read more
Slamming the Centre’s attempt to introduce the Citizenship Amendment Act (CAA), West Bengal chief minister Mamata Banerjee on Sunday said the BJP always comes up with citizenship rights implementation issues ahead of the elections. The Trinamool chief also raised concern about Aadhaar cards of many people getting rejected in several parts of Bengal. “Around 50 … Read more
The U.S. Securities and Exchange Commission (SEC) said Tuesday afternoon that a social media post saying it had approved a spot bitcoin exchange-traded fund (ETF) was false and its account had been compromised. A post on X, formerly known as Twitter, said that the SEC had granted approval for bitcoin ETFs on all registered national securities exchanges and … Read more
Prime Minister Justin Trudeau says his government is looking at ways to list Iran’s Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization. Trudeau made the comment Monday at a ceremony commemorating the victims of Flight PS752, which was shot down by the IRGC shortly after taking off from Tehran on Jan. 8, 2020, killing all 176 people … Read more
Countries traditionally aligned with Israel are warning its right-wing government against contemplating a displacement of people who live in the Gaza Strip, as Israeli officials repeatedly suggest Canada could take in Palestinians. This week, Israeli Finance Minister Bezalel Smotrich said his country should “encourage migration” of Palestinians from Gaza and re-establish Israeli settlements there, echoing similar … Read more
Vinyl records were once written off as relics. First, they were replaced by shiny compact discs that (supposedly) offered superior sound. Then streaming took over, allowing fans to carry vast music collections with them wherever they go. In recent years, vinyl sales have turned around. In 2022, vinyl outsold CDs in the U.S. for the first … Read more
