CBJ News

CPPIB Buys Real Estate Co. for $1.2 Billion

CBJ — Canada Pension Plan Investment Board has announced a deal to buy a Houston-based real estate investment trust for US$1.2 billion. Under the agreement, shareholders of Parkway Inc. [...]

Alberta Deficit Now at $10.8 Billion

CBJ — Alberta’s economy shrank sharply for the second year in a row last year, but the NDP government says the outlook is improving. The province’s year-end financial statement [...]

Home Capital Shares Surge

CBJ — U.S. billionaire Warren Buffett’s Berkshire Hathaway will inject a $2 billion line of credit to Home Capital Group and specifically to its unit Home Trust Co. The news sent [...]

RBC Layoffs in GTA

CBJ — About 450 people who work for the Royal Bank of Canada are being terminated. It’s expected that most of the job cuts will come from the bank’s head office locations in the [...]

End Appears Near for Sears Canada

CBJ — Sears Canada Inc. will seek creditor protection in the courts in the very near future but it seems highly unlikely the retailer will survive. A subsidiary of Sears Holdings Corp., the [...]

Amazon Canada Hiring 200

CBJ — Amazon Canada plans to hire 200 more workers at its headquarters in Toronto including for positions in software development, engineering, programming, marketing and sales and human [...]

54,500 New Jobs Created in May

CBJ — Canada’s labour market was surprisingly strong last month, when 77,000 full-time positions were created. As a result of the full-time work, Statistics Canada says 54,500 net new [...]

Flannery New GE CEO

CBJ — John Flannery (pictured) will become the new chief executive at General Electric on August 1. The 55-year-old Flannery is now the head of its healthcare unit and will replace current [...]

Huge Tech Sell-off of Apple Shares

CBJ — Technology stocks fell dramatically across Europe and Asia today after the worst day for Apple shares in more than a year, while the euro and its bonds rallied after a bumper weekend [...]

UK Election Debacle

CBJ — British Prime Minister Theresa May will form a government supported by a small Northern Irish party after her Conservative Party lost its parliamentary majority in an election debacle [...]

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