CBJ News

Bitcoin Hits All-Time High

CBJ — Digital currency bitcoin keeps reaching new heights, surging above US$2,400, as demand for crypto-assets soared with the creation of new tokens to raise funding for start-ups using [...]

Hackett New CEO at Ford

CBJ — Ford Motor Co. has named James Hackett as its new chief executive after firing Mark Fields on the weekend. The move is in direct response to investors’ growing impatience about [...]

Wholesale Trade Up 0.9% in March

CBJ — The value of Canadian wholesale trade grew by 0.9% in March from February to hit a record, pushed up by demand for building materials and supplies. Statscan revised February’s [...]

CRA Firings Due to Privacy Violations

CBJ — The Canada Revenue Agency says eight of its employees were fired in the last fiscal year after violating taxpayers’ privacy. Previously, the agency has not always confirmed if [...]

Factory Sales up 1% in March

CBJ — Canadian manufacturing sales rebounded in March, driven by gains in the motor vehicle sector and record sales in the food industry. Figures released by Statistics Canada showed the [...]

NAFTA 2.0 — U.S. Looks to Renegotiate

CBJ — The Trump administration has formally launched its effort to renegotiate the North American Free Trade Agreement with Canada and Mexico to try to win better terms for U.S. workers and [...]

Ford Cutting 1,400 Jobs

CBJ — Ford plans to cut 10% of its workforce across North America and Asia this summer, but most job cuts are expected to be voluntary. The automaker said it expects about 1,400 job cuts [...]

TFW Program Prone to Abuse

CBJ — The country’s temporary foreign workers program is rife with oversight problems that appear to have allowed lower-paid international workers to take jobs that out-of-work [...]

Moody’s Downgrades Big Six Banks

CBJ — Moody’s says high debt levels and soaring home prices could be bad news for Canada’s big banks, and has downgraded their credit rating as a result. Toronto-Dominion Bank, [...]

Air Canada to Drop Aeroplan Program

CBJ — Air Canada and the well-known Aeroplan loyalty program will part ways in mid-2020, but the airline says customers can continue redeeming Aeroplan miles for Air Canada flights even [...]

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