National Business

NEW YORK — CES, one of the world’s biggest technology conferences, will be a virtual event in January due to the coronavirus pandemic, a reversal from May when organizers said it would go on as a smaller gathering in Las Vegas.

TORONTO — George Weston Ltd. recorded a $255-million loss in its latest quarter despite boost in revenue as the ongoing COVID-19 pandemic significantly impacted its three operating arms.

CALGARY — The Royal Bank of Canada says it is the first Canadian bank to sign a long-term renewable energy power purchase agreement, a deal which will support development of a 39-megawatt, $70-million solar project in southern Alberta.

TORONTO — Mario Ruiz started collecting vintage clothing and hard-to-find shoes in Grade 7 before hawking his wares from his high school locker at a profit.

WASHINGTON — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.7% in from a year earlier. That's a drop from the 3.

VANCOUVER — West Fraser Timber Co. Ltd. beat expectations as it earned $48 million in its latest quarter despite lower revenues.

The biggest test yet of an experimental COVID-19 vaccine got underway Monday with the first of some 30,000 Americans rolling up their sleeves to receive shots created by the U.S. government as part of the all-out global race to stop the pandemic.

REGINA — Saskatchewan's premier is urging people to wear masks when they can't physically distance to prevent the spread of COVID-19, but he is stopping short of mandating their use indoors.

CALGARY — Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.

CALGARY — Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil prices.