Wednesday, September 19, 2018Canada's Leading Online Business Magazine

CBJ News

HBC Shares Down on Low Earnings Report

CBJ — Hudson’s Bay Co. (HBC) is being forced to close as many as 10 of its Lord & Taylor stores through next year after posting bigger losses in the first quarter. Quarterly [...]

Saskatchewan Names Cannabis Retailers

CBJ — If everything goes according to plan, the federal government is expected to make marijuana use legal in Canada as of July 1, although that date could be pushed back a bit. While the [...]

Spotify Backs off on Content Policy

CBJ — Spotify, a large U.S. online streaming service, has announced it is pulling back on its recent content policy that attempted to address “hate content and conduct.” [...]

Daimler Facing Huge Emissions Fine

CBJ — German Transport Minister Andreas Scheuer has threatened to fine Daimler $4.4 billion over a diesel emissions scandal with some of its vehicles. Scheuer met with Daimler head Dieter [...]

Lululemon Posts Strong Quarterly Results

CBJ — Lululemon Athletica earned a net revenue of $839 million in the first quarter to beat analyst expectations. Revenue in the quarter ending April 29 was a 25% increase from the same [...]

Canada-U.S. in a Major Trade War

CBJ — The gloves are now officially off in what appears to be an escalating trade war between the U.S. and Canada that could result in disastrous consequences. The U.S. made good on a [...]

Petronas to Partner in LNG Canada Project

CBJ — Petronas says one of its wholly-owned entities has signed an agreement for an equity position in the LNG Canada project in Kitimat, B.C. for an undisclosed sum. Petronas, a [...]

Economic Growth Slowed in Q1

CBJ — Economic growth cooled in the first quarter of the year to its lowest rate in almost two years. A sluggish housing market caused by more stringent mortgage rules is believed to be the [...]

Bayer Must Divest Assets to Acquire Monsanto

CBJ — The Competition Bureau is forcing Bayer to divest some of its Canadian canola, soybean and vegetable seed, traits and herbicide assets before it will allow the German pharmaceutical [...]

Bank Rate Remains at 1.25%

CBJ — Bank of Canada Governor Stephen Poloz has announced that its key overnight trendsetting rate is going to remain at 1.25%. However, with the national economy showing signs of strength [...]

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