CBJ News

Molson Coors Restructuring

CBJ — A notable decline in beer sales has prompted Molson Coors Brewing to take drastic restructuring action with as many as 500 people are being laid-off worldwide. The company is looking [...]

GDP Up 0.1% in August

CBJ — The economy grew by 0.1% in the month of August according to data released by Statistics Canada. Many economists had predicted a 0.2% gain in the GDP. The government agency reports [...]

Bank Rate Remains 1.75%

CBJ — As widely anticipated, the Bank of Canada kept its trendsetting overnight interest rate at 1.75%. Bank of Canada Governor Stephen Poloz says the domestic economy has held up well and [...]

Fiat Chrysler & Peugeot May Merge

CBJ — Convergence within the automotive sector continues on word that Fiat Chrysler and Peugeot owner PSA may merge, which would result in a $50 billion entity. According to industry [...]

U.S. Congress Grills Boeing CEO

CBJ — Members of the U.S. Senate Commerce Committee grilled Boeing CEO Dennis Muilenburg about two fatal crashes involving the company’s 737 Max jets, with his response being that the [...]

450 Layoffs Coming at Ford

CBJ — About 450 jobs are being cut from the Ford Motor Company plant in Oakville, just outside of Toronto. The layoffs are expected to take effect early in 2020. The reason for the [...]

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