Canadian Business News

Dollarama reports strong Q3 performance

CBJ - December 7 - Dollarama Inc. has reported significant increases in sales and net earnings for the third quarter ending October 30. “We once again delivered strong results in the third quarter,” said Larry Rossy, Dollarama CEO. “We are pleased with ...
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BMO reports fourth quarter results

CBJ - December 6 - For the fourth quarter ending October 31, BMO Financial Group has reported net income of $897 million or $1.34 per share. On an adjusted basis, net income was $850 million or $1.27 per share. For fiscal 2011, net income was ...
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Husky Energy capital expenditure program builds on momentum

CBJ - December 5 - Husky Energy Inc. has announced a $4.7 billion capital expenditure program for 2012 which builds on the momentum achieved over the past year to increase short-term production and supports the continued execution of the company's mid and long-term growth initiatives."This ...
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Employment down month-to-month, but up over 2010 numbers

CBJ - December 2 - Following a notable decrease last month, employment edged down 19,000 in November, while the unemployment rate rose by 0.1 percentage points to 7.4 per cent, according to a report by Statistics Canada. Despite the recent declines, employment was up 1.2 ...
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Suncor Energy announces Rick George transition plan and retirement

CBJ - December 1 - Suncor Energy Inc. today announced Rick George's plan to retire as chief executive officer at the company's Annual General Meeting in May 2012. "Rick has shown exceptionally strong leadership, helping to transform the company from an oil sands pioneer ...
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Marketing Freedom Will Create New Opportunities for Manitoba Wheat and Barley Industry

CBJ - December 1 - Winnipeg, Manitoba- Once the Marketing Freedom for Grain Farmers Act is passed, the Manitoba wheat and barley industry will be able to seize new economic opportunities."Our Government intends to bring marketing freedom to Manitoba wheat and barley farmers by August ...
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MINISTER OF FINANCE HIGHLIGHTS CANADA’S ECONOMIC, FISCAL AND FINANCIAL STRENGTHS TO U.S. INVESTORS

CBJ - November 30 - The Honourable Jim Flaherty, Minister of Finance, today told senior American and Canadian business leaders that Canada’s strong economic fundamentals, sound fiscal management and well-supervised financial sector support increasing business investment in Canada. Speaking at a conference in New ...
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Nexen selling stake in B.C. assets

CBJ - November 29 - Nexen Inc. has announced that it has reached agreement to create a strategic partnership with a consortium led by Inpex Corp. of Japan regarding the development of its shale gas lands in the Horn River, Cordova and Liard basins in ...
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Global economy needs "urgent action" - OECD

CBJ - November 28 - Decisive policies must be urgently put in place to stop the euro area sovereign debt crisis from spreading and to put weakening global activity back on track, says the OECD’s latest Economic Outlook. The euro ...
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Average weekly earnings up in most provinces: report

CBJ - November 25 - In the 12 months leading up to this September, average weekly earnings rose in every province except Ontario and Nova Scotia, according to the latest report by Statistics Canada. The largest increases occurred in Saskatchewan, Prince Edward Island, and Newfoundland ...
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Production of the penny ends this year and it's gradually being phased out of public circulation. Is the government doing the right thing?