CBC Business News

Subscribe to CBC Business News feed CBC Business News
Updated: 1 hour 29 min ago

Alberta canola farmers replace China with drought-stricken European market

Sat, 08/24/2019 - 11:48

In the face of China restricting Canadian canola imports, Alberta canola producers are looking to fill the need for the golden crop in drought-stricken Europe.

Better Business Bureau posts consumer alert for FlightHub, JustFly due to pattern of complaints

Sat, 08/24/2019 - 01:00

Online travel agencies FlightHub and JustFly are under scrutiny from the Better Business Bureau due to what the watchdog calls a pattern of complaints. Several customers interviewed by CBC News say they all had difficulty securing refunds for flights that didn't pan out.

Ontario shipyard accuses federal government of unfairly stacking deck in Davie's favour

Fri, 08/23/2019 - 12:07

An Ontario shipyard is accusing the federal government of trying to unfairly award Quebec's Chantier Davie shipyard potentially billions of dollars in work without a competition.

Trump blasts his own Fed chair after central bank warns of trade war damage

Fri, 08/23/2019 - 09:38

Federal Reserve chair Jay Powell says the trade war Donald Trump has started with China has made it hard for the U.S. central bank to do its job, an accusation that was met with a angry tweet-storm by the U.S. president.

Transat shareholders approve Air Canada takeover, narrowing competition

Fri, 08/23/2019 - 08:48

Transat shareholders have approved Air Canada's $720-million acquisition offer, a milestone on a twisting road toward a takeover.

Red Bull class action lawsuit settlement has Canadians eligible for up to $10 in damages

Fri, 08/23/2019 - 08:45

There is a class action settlement against Red Bull and Canadian residents may be eligible to seek damages if they purchased or consumed a Red Bull product between January 1, 2007 to  July 23, 2019. 

Cargojet Inc. shares surge on deal with Amazon to grow partnership

Fri, 08/23/2019 - 08:01

Shares in Cargojet Inc. shot higher after the company announced a new deal with Amazon.com that could see the online retailer acquire a stake in the company which provides overnight air cargo services.

Nebraska's top court upholds approval of Keystone XL pipeline path

Fri, 08/23/2019 - 06:45

Nebraska's highest court lifted one of the last major hurdles for the Keystone XL pipeline on Friday when it rejected another attempt to derail the project by opponents who wanted to force the developer, Calgary-based TC Energy, to reapply for state approval.

David Koch, billionaire conservative activist and donor, dead at 79

Fri, 08/23/2019 - 06:05

American billionaire industrialist David Koch, a former executive vice-president of conglomerate Koch Industries, and a major backer of conservative causes and political candidates, has died, his brother said on Friday.

China to put new tariffs on U.S. cars, planes, crops and crude oil

Fri, 08/23/2019 - 05:37

China has announced a tariff hike on $75 billion of U.S. goods in retaliation for tariffs Donald Trump has threatened to levy on China as of next Sept. 1.

Banks changing the way they do business to cater to young people loaded down with debt

Fri, 08/23/2019 - 01:00

According to a new report, millennials now owe more than baby boomers do. Which is why experts say banks and other financial companies need to do a better job pitching financial literacy to meet the evolving needs of the largest living generation.

EU set to halt imports of Canadian cherries, other fruits: document

Thu, 08/22/2019 - 16:06

The European Union will halt imports of Canadian cherries and other fresh fruits starting Sept. 1 as it enforces new import requirements related to pests, according to a Canadian government document sent to industry on Thursday.

Hasbro to buy Entertainment One for $4B

Thu, 08/22/2019 - 15:19

U.S. toy maker Hasbro Inc. will buy Entertainment One Ltd., a Canadian company, for about $4 billion US in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.

Apple warns its new credit card shouldn't go in your wallet — or your pocket, or your purse

Thu, 08/22/2019 - 11:44

In Apple's attempt to completely rethink the credit card, it may have lost sight of how people actually use them.

Acadian Timber shares fall after Brookfield sells its 45% stake to Macer

Thu, 08/22/2019 - 11:16

Shares in Vancouver-based Acadian Timber Corp. continue to drop after Brookfield Asset Management Inc. sold its 45 per cent stake in the timberland operator to held Macer Forest Holdings Inc.

Retailers face pressure to get BPA-like chemicals out of their receipts

Thu, 08/22/2019 - 10:58

Some of Canada's biggest retailers started testing alternatives to receipt paper that's coated in potentially dangerous chemicals, as pressure mounts for them to phase it out by the end of this year.

Another day, another bank hikes its dividend as CIBC sees profit rise 2%

Thu, 08/22/2019 - 05:21

Canadian Imperial Bank of Commerce bumped its dividend up by four cents a share as the bank reported its third quarter profit rose to $1.4 billion.

Fed minutes show U.S. central bank was split on rate cut decision

Wed, 08/21/2019 - 13:04

Federal Reserve officials were widely divided at their meeting last month when they decided to cut rates for the first time in a decade, with some arguing for a bigger rate cut while others insisted the Fed should not cut rates at all.

More telcos complain about CRTC decision on wholesale internet rates

Wed, 08/21/2019 - 11:02

Shaw Communications Inc., Vidé​​​​​​​otron and Eastlink have joined major Canadian telecom companies that have expressed concern over the CRTC's decision to lower the prices that smaller internet providers have to pay them to use their networks.

Trans Mountain mobilizes workforce to start pipeline expansion, expects completion by mid-2022

Wed, 08/21/2019 - 10:15

The federally owned Trans Mountain Corporation said Wednesday it has issued "notice to proceed" directives to construction contractors, mobilizing the workforce it needs to expand the pipeline.


Back to Top

Communities Served

Ladysmith, Nanaimo, Gabriola Island, Lantzville, Nanoose, Parksville, Qualicum Beach, Bowser, French Creek, Lasqueti Island
Click for the BBB Business Review of this Loans - Small Business in Nanaimo BC


Community Futures Central Island
#14 - 327 Prideaux Street
Nanaimo, BC
V9R 2N4

T: 250.591.7499
T: 888.303.2232
T: 877.585.5385