Thursday, September 20, 2018Canada's Leading Online Business Magazine

CBJ News

Home Capital Update

CBJ — Home Capital has withdrawn $1.4 billion of the $2 billion loan it was recently given as savers continue to pull funds out of the alternative mortgage lender at an alarming rate. Home [...]

Coach to Buy Kate Spade for $2.4B

CBJ — Handbag maker Coach Inc. will acquire Kate Spade & Co. for US$2.4 billion as it looks tap the smaller rival’s popularity among millennials. The US$18.50 per share cash offer [...]

April Jobless Rate at 6.5%

CBJ — The economy added 3,200 jobs and the jobless rate ticked down two notches to 6.5% in April — its lowest level since October 2008 according to data released by Statistics Canada. [...]

Trade Deficit Narrows as Exports Increase

CBJ — Canada’s trade deficit narrowed sharply to just $135 million in March as exports surged to a new high on shipments of energy products, an early sign the first quarter ended [...]

U.S. Fed Stands Pat on Interest Rates

CBJ — The U.S. Federal Reserve has left interest rates unchanged while signalling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this [...]

Facebook Hiring 3,000 to Review Online Crimes

CBJ — Facebook CEO Mark Zuckerberg has announced his company is hiring another 3,000 people to review videos and posts of crime and other questionable content following murders shown live [...]

Loblaw Sees 19% Rise in Profit

CBJ — Loblaw has reported a higher-than-expected quarterly profit as the company kept a tight lid on expenses and attracted more customers to its grocery stores with discounts. Loblaw, [...]

500 New Jobs for GM Oshawa

CBJ — Unifor Local 222 is predicting that General Motors will add 500 jobs in pickup truck production at its Oshawa, Ont. plant next year. The new jobs will come as the plant adds capacity [...]

WestJet Profit Down 45%

CBJ — Canada’s WestJet Airlines has reported a 45% fall in quarterly profit while at the same time announcing it has agreed to buy up to 20 Dreamliner planes from Boeing as it seeks [...]

Shopify Revenue Up 75%

CBJ — Shopify raised its full-year revenue forecast as more merchants used its e-commerce platform to set up and manage their online stores. The company, which reported a 75% jump in [...]

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