CBJ News

Trump is Happy with Canada Trade Pact

CBJ — A leaked transcript of a Donald Trump phone call shows the president’s private comments about trade with Canada, and suggests he had an overwhelmingly positive attitude about [...]

Air Canada Nets Record Profit

CBJ — Air Canada earned a record second-quarter profit of $300 million, up from $186 million a year ago. The airline says the profit amounted to $1.08 per diluted share for the quarter [...]

Lower Profits = Higher Prices at Tim Hortons

Restaurant Brands, the parent company of Tim Hortons, Popeyes and Burger King, had lower profits in the last quarter and has responded by raising prices for some food and beverage items at Tim [...]

The House Party Appears to Be Over

CBJ — Canada’s long housing sales extravaganza has drawn thousands into the sector, from realtors and home stagers to construction workers, and a looming slowdown threatens to unleash [...]

Manufacturing Sales Up in May

CBJ — Manufacturing sales grew by 1.1% in May to $54.6 billion in May, marking the third consecutive monthly gain. Statistics Canada said the transportation equipment and chemical [...]

Hydro One Buying Avista for $6.7B

CBJ — Hydro One has signed a friendly deal to purchase U.S. energy company Avista Corp. for $6.7 billion in an all-cash deal that would create one of the largest regulated utilities in [...]

B.C. Wildfires Cause Spike in Lumber Pricing

CBJ — The wildfires in the B.C. Interior that have forced some sawmills to halt operations have resulted in a boost in lumber prices at a time when forestry companies have been squeezed by [...]

Honda Recalls 2 million Vehicles

CBJ — Honda is recalling more than 2 million vehicles worldwide to replace battery sensors due to the risk of fire. The massive recall includes more than 1 million Honda Accord vehicles [...]

Home Sales Down in June

CBJ — The Canadian Real Estate Association is reporting that cumulative nationwide home sales fell in June by their largest amount in seven years. About 70% of all markets cooled down [...]

Home Capital Names New CEO

CBJ — Yousry Bissada (pictured) has been tagged as the new CEO of Home Capital Group, taking over from interim chief executive Bonita Then who had taken the temporary role after the firing [...]

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