CBC Business News

Subscribe to CBC Business News feed CBC Business News
Updated: 1 hour 52 min ago

Canopy Growth to hire new CEO by end of year: chairman

4 hours 5 min ago

Canopy Growth Corp.'s chairman says it expects to complete its search for a new chief executive officer by the end of the year. The comments came at the cannabis company's annual shareholder meeting in Toronto Tuesday, the first to be held since its co-founder Bruce Linton was terminated in July.

Oil drops sharply as Saudi output seen returning soon after attacks

5 hours 49 min ago

Oil prices dropped sharply on Tuesday after a top Saudi Arabian source told Reuters production could be fully back on line within weeks, quicker than initially thought following weekend attacks that halved the kingdom's output.

Imperial Oil CEO Rich Kruger to retire at end of year

6 hours 53 min ago

Imperial Oil Ltd. says chairman and chief executive Rich Kruger is retiring at the end of this year.

Statistics Canada reports manufacturing sales fell 1.3% in July

6 hours 59 min ago

Statistics Canada says manufacturing sales fell 1.3 per cent to $57.2 billion in July as sales in the primary metal and motor vehicle industries moved lower.

In some battleground ridings, renters spend 50% or more of income on housing

7 hours 6 min ago

Housing affordability is poised to be a major ballot box issue in the upcoming federal election, with a sizeable portion of renters in some of the country's battleground ridings spending half or more of their income on housing.

Talks set to resume between General Motors, UAW but no deal yet

7 hours 56 min ago

Talks are set to resume Tuesday after a pause overnight, but there was no end to the strike against General Motors. The walkout by upward of 49,000 United Auto Workers members has brought to a standstill more than 50 factories and parts warehouses.

Liberals pledge to boost Canada Child Benefit, extend leave for adoptive parents

8 hours 18 min ago

The Liberals are promising a suite of family-friendly benefits, including a boost to the Canada Child Benefit for babies and a 15-week leave program for adoptive parents.

GE removes asbestos from Peterborough, Ont., homes — after denying it ever sold the scrap

13 hours 5 min ago

A CBC News/Toronto Star investigation has found that from the 1940s until the mid-1970s, General Electric sold off leftover asbestos material from its Peterborough factory for pennies a pound, delivering it by truck to potentially hundreds of workers' homes.

What the attack on Saudi oil facilities could mean for Canada's oilpatch and Keystone XL

13 hours 6 min ago

The secure supply of Canadian oil to the United States could recapture the attention of American decision-makers following the recent attack on Saudi Arabian oil facilities, experts say.   

Montreal man has $800 in rolled change, but his bank won't deposit the money

Mon, 09/16/2019 - 13:00

Julien Perrotte stood in front of the representative at his local bank last week, unsure he properly understood what she was telling him. 

TSX in record territory as energy stocks see best day in 3 years

Mon, 09/16/2019 - 12:33

Higher oil prices spurred by an attack on Saudi Arabian oil facilities boosted the Canadian energy sector on Monday but are expected to result in higher fuel prices for consumers.

3 JPMorgan traders charged with manipulating metals prices

Mon, 09/16/2019 - 11:32

Three people — including a trader who ran JPMorgan's global precious metals desk — were charged Monday with manipulating the precious metals futures market, the U.S. Justice Department said.

2019 home sales outlook improves, after 5% rise in August

Mon, 09/16/2019 - 10:59

The Canadian Real Estate Association raised its forecast for home sales this year, after August home sales rose five per cent, helped by economic fundamentals and falling mortgage rates.

How the country's new pipeline dispute could shake up oil business

Mon, 09/16/2019 - 09:57

Enbridge's proposal to change how it assigns space on one of Canada's key pipeline networks is dividing opinions in the oilpatch.

No Brexit breakthrough as U.K.'s Boris Johnson and EU commissioner hold talks

Mon, 09/16/2019 - 09:31

U.K. Prime Minister Boris Johnson and European Commission President Jean-Claude Juncker agree to ramp up talks on securing an elusive Brexit deal, but the two sides offer starkly different assessments of how far apart they are.

Expect to feel today's oil price spike at the gas pumps

Mon, 09/16/2019 - 08:58

Gasoline prices could rise one or two cents this week because of the spike in crude prices caused by an attack on the world's biggest production plant, but analysts are expecting volatile crude prices in weeks to come, which makes longer-term price increases difficult to predict.

Particle-accelerator contracts speed growth of Nelson engineering company

Mon, 09/16/2019 - 08:54

D-Pace has just won two contracts to build ion source facilities, complex accelerator machines that create charged particles for medical and technological applications. They are rarely built outside major urban centres.

Blackstone buys Dream Global REIT in $6.2B deal

Mon, 09/16/2019 - 06:37

Blackstone Group, a U.S. private equity firm, has signed a deal to acquire Dream Global Real Estate Investment Trust in a deal valued at $6.2 billion, including debt.

U.S. strike against GM threatens Canadian plants

Mon, 09/16/2019 - 06:18

As 49,000 United Auto Workers in the U.S. strike against General Motors, there's a risk the walkout could shut down GM Canada's plants and auto-parts makers in Ontario.

Name calling and market pressure may curb U.S. Fed's independence: Don Pittis

Mon, 09/16/2019 - 01:00

As inflation kicks in again, and with world oil prices up sharply following weekend attacks on Saudi Arabian oil facilities, it may actually be boneheaded to cut rates if evidence shows the economy remains strong.


Back to Top

Communities Served

Burns Lake, Granisle, Houston, Telkwa, Topley, Smithers


Community Futures Nadina
2430 Butler Avenue, Unit A
PO Box 236
Houston, BC
V0J 1Z0

T: 250.845.2522