CBJ News

Aecon Sale to Chinese Now Facing a Review

CBJ — The $1.5-billion takeover of Canadian construction company Aecon Group Inc. by a division of a Chinese state-owned company has been pushed back, because the federal government is [...]

Oil Supply May Outpace Demand

CBJ — The International Energy Agency says the notable increase the world’s oil production will quite likely to outpace growth in demand this year. Oil demand growth in 2018 is [...]

Canada Lost A Net 88,000 Jobs in January

CBJ — It comes as somewhat of a surprise but the Canadian economy lost 88,000 jobs in January, with a large number of the losses concentrated in part-time work. The drop in employment is [...]

CPPIB Earns 4% in Quarterly Report

CBJ — The Canada Pension Plan Investment Board (CPPIB) earned a 4% return in the 3rd quarter. As of the gathering of the latest statistics, net assets are at $337.1 billion at Dec. 31 [...]

Philippines Wants Out of Helicopter Deal

CBJ — Philippines President Rodrigo Duterte wants to cancel the $233-million deal to buy 16 helicopters from Canada. The reversal comes just days after Ottawa ordered a review of the sale [...]

Twitter Posts First Quarterly Profit — Ever

CBJ — Twitter reached a major milestone by posting its first ever quarterly profit. An unexpected return to revenue growth was greatly enhanced by notable expansion outside the United [...]

National Energy Board Being Terminated

CBJ — The federal government has announced it will scrap the National Energy Board and will instead look to streamline the approval process for major natural resources projects. The change [...]

Trade Deficit Hits $3.2B in December

CBJ — Canada’s merchandise trade deficit increased to $3.2 billion in December as rising imports outpaced export growth — defying expectations that the deficit would be smaller than [...]

Aphria Selling Sizable Stake in Liberty Health

CBJ — Aphria Inc. is selling part of its ownership of Liberty Health Sciences Inc. The Canadian medical cannabis company is selling 26.7 million Liberty shares at a price of $1.25 per share [...]

Fairfax to Buy Some Carillion Contracts

CBJ — Prem Watsa’s Fairfax Financial has agreed to buy certain contracts related to infrastructure services company Carillion Canada, which recently sought creditor protection. [...]

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