Airbus and Lockheed Join Forces

CBJ — Europe’s Airbus is teaming up with a new U.S. partner, Lockheed Martin, to try to crack the U.S. military air tanker market nearly eight years after losing out to rival Boeing in a [...]

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 [...]

November Issue of The Canadian Business Journal Now Available

MISSISSAUGA, ONTARIO – The November issue of The Canadian Business Journal is available at www.cbj.ca. Click here to enter the publication directly. Click “Full Screen” on the [...]

GM and Unifor Continue Talks

CBJ — Unifor, Canada’s autoworkers union, and General Motors Co resumed talks early on Monday ahead of a midnight strike deadline, having made little progress over the weekend to [...]

Carney Speaks Out on EU Referendum

CBJ — Former Bank of Canada Governor and current Bank of England Governor Mark Carney says a vote by Great Britain to leave the European Union could hit the country’s US$2.9 trillion [...]

Toyota Scion Being Phased Out

CBJ — Toyota is discontinuing its Scion brand in North America, ending a 12-year effort to create a separate identity for small cars aimed at young buyers. Toyota said it will start [...]

Corus to Buy Shaw Media for $2.65 Billion

CBJ — Corus Entertainment will pay $2.65-billion to acquire Shaw Media from Shaw Communications. The price will be paid through a combination of $1.85-billion in cash and 71 million Corus [...]

Takata Airbag Defect Hits Mazda

CBJ — Mazda will recall 374,000 U.S. vehicles linked to potentially defective front passenger- side airbags made by Takata. The Japanese automaker said the latest recall was prompted after [...]

Pharma Boss Faces Fraud Charges

CBJ — The Chief Executive Officer of Turing Pharmaceuticals has been arrested by the FBI in New York on federal fraud charges. Martin Shkreli, 32, who had already made headlines and sparked [...]

Banks Post Enormous Profits

CBJ — Recession?  What recession? Canada’s six largest banks combined for a yearly profit of about $15 billion with three banks boosting stock dividends. For the fiscal year the Big 6 [...]

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