Monday, September 24, 2018Canada's Leading Online Business Magazine

CBJ News

NEB to Review Energy East Pipeline

CBJ — Natural Resources Minister Jim Carr has announced the appointment of three new temporary National Energy Board members to review TransCanada’s Energy East pipeline. Don [...]

Trump’s Stance Causes Lockheed Martin Stock to Plummet

CBJ — Shares of Lockheed Martin fell dramatically as U.S. president-elect Donald Trump tweeted that making F-35 fighter planes is too costly and that he will cut “billions” in [...]

Oil Prices on the Rise

CBJ — The price of oil continues to ascend due to strong demand in Asia and confirmed supply cuts by Abu Dhabi, Kuwait and Qatar as part of production curbs organized by OPEC and other [...]

McDonald’s to Move Non-U.S. Tax HQ to UK

CBJ — McDonald’s will move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax [...]

Starbucks Expansion Plan

CBJ — Starbucks has announced an aggressive plan to open 12,000 new locations within five years, boosting the total number of its coffee shops worldwide by almost 50%. That seems like lot, [...]

Bank of Canada Rate Unchanged

CBJ — Bank of Canada governor Stephen Poloz has announced the national benchmark overnight interest rate is staying at 0.5% as economic conditions move along largely in line with its [...]

Scotiabank Selling HollisWealth to Industrial Alliance

CBJ — Industrial Alliance Insurance and Financial Services has reached a deal to buy advising firm HollisWealth from Scotiabank. Yvon Charest, CEO of Industrial Alliance, said the [...]

Suncor Wins $1.3 Billion CRA Dispute

CBJ — Suncor Energy has successfully defended its accounting practices and avoided a $1.3-billion tax bill sought by the Canada Revenue Agency. The Calgary-based company  says the Tax Court [...]

Precision Drilling to Cut Capital Expenditures

CBJ — Precision Drilling of Calgary plans to spend $109 million on capital expenditures in 2017, down from $213 million this year. The almost 50% drop in spending comes as the Canadian [...]

Starbucks Co-Founder Steps Down

CBJ — Starbucks co-founder Howard Schultz will step down as chief executive to focus on new high-end coffee shops, handing the top job to Chief Operating Officer Kevin Johnson, a long-time [...]

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