CBJ News

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 [...]

New U.S. Tariffs on Chinese Technology

CBJ — The United States is hammering China with more tariffs. This time the U.S. government will impose a 25% tax on $50 billion worth of Chinese goods containing “industrially [...]

Smoking Down in France

CBJ — Whether it’s the high cost of cigarettes and associated taxes or a commitment to healthier living, fewer French people were smoking in 2017. In fact, according to statistics [...]

Feds Taking Ownership of Trans Mountain

CBJ — With all the uncertainty surrounding the proposed expansion of the Trans Mountain pipeline, the federal government has decided to step in and pay $4.5 billion to buy the project and [...]

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