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Magna agrees to buy Swedish driver technology firm Veoneer for US$3.8 billion

Magna agrees to buy Swedish driver technology firm Veoneer for US$3.8 billion

TORONTO — Magna International Inc. is advancing its goal of becoming a global leader in advanced driver assistance technology by reaching an agreement to acquire Swedish automotive safety technology firm Veoneer for US$3.8 billion including debt.
Air Canada anticipating recovery in demand as travel restrictions are eased

Air Canada anticipating recovery in demand as travel restrictions are eased

Air Canada is anticipating a recovery in demand in the coming months as travel restrictions are eased and leisure passengers look to get away after being grounded by COVID-19.
Cleveland's Major League Baseball team renamed to Guardians

Cleveland's Major League Baseball team renamed to Guardians

CLEVELAND (AP) — Known as the Indians since 1915, Cleveland’s Major League Baseball team will be called Guardians.
Unifor reaches tentative agreement with Bell for craft workers

Unifor reaches tentative agreement with Bell for craft workers

TORONTO — Unifor says after eight months of bargaining, it has reached a tentative deal with BCE Inc. that will cover craft workers.
Police: Man defrauded Chinese pop singer in sex scandal

Police: Man defrauded Chinese pop singer in sex scandal

BEIJING (AP) — A man has confessed to defrauding Chinese-Canadian pop singer Kris Wu over a teenager’s accusation he had sex with her when she was drunk, according to Beijing police.
Jurors convict former Georgia insurance chief in $2M fraud

Jurors convict former Georgia insurance chief in $2M fraud

ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2 million
Banks, business websites up again after reporting technical difficulties

Banks, business websites up again after reporting technical difficulties

TORONTO — Canadian companies and other global businesses say their websites and services are fully operational again after they experienced technical difficulties or outages this afternoon.
University of California regents approve rare tuition hike

University of California regents approve rare tuition hike

SAN FRANCISCO (AP) — Despite opposition from student groups, University of California regents on Thursday approved a multiyear plan to raise tuition and fees at one of the nation's premier public university systems.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,097.52, down 12.53 points.) Royal Bank of Canada (TSX: RY) Financials. Down 44 cents, or 0.35 per cent to $125.86 on 10.
Calgary's downtown office vacancy rate hits new high; on track to surpass 30 per cent

Calgary's downtown office vacancy rate hits new high; on track to surpass 30 per cent

Calgary's downtown office vacancy rate is on track to top 30 per cent and potentially reach a level unseen in a major North American city since the 1930s, a commercial real estate firm said Thursday.