CBC Business News

Subscribe to CBC Business News feed CBC Business News
Updated: 2 hours 55 min ago

Canadians take more money out of retirement savings to pay for expenses: survey

21 hours 24 min ago

Canadians are withdrawing more money from their retirement savings to pay for short-term expenses despite the tax consequences, according to a new bank survey.

PepsiCo shuts down Alberta Spitz sunflower seed factory

Fri, 02/16/2018 - 19:12

Thirty years after Spitz sunflower seeds first sprouted in Alberta, the last factory in the province is set to shut down.

Canada won't be 'impulsive' responding to U.S. tax cuts, Morneau says

Fri, 02/16/2018 - 12:04

The Liberal government will not 'act in an impulsive way' in response to U.S. corporate tax cuts that economists say pose a threat to Canada's competitiveness, the federal finance minister said after a pre-budget meeting Friday.

Pot Pharm: Booming Canada weed sector plots next-wave medicines

Fri, 02/16/2018 - 10:01

Canopy Growth Corp., among the worlds' largest medical marijuana producers, now wants to take on the pharmaceutical giants as one of its ventures builds a portfolio of patented and federally approved cannabinoid-based medicines.

Canadian manufacturing rebounds in fourth-quarter despite soft December

Fri, 02/16/2018 - 08:19

Statistics Canada says overall manufacturing sales for the October-December period rose by about 2.8 per cent to $164.8 billion, although the last month of year saw weaker activity.

More Ram trucks recalled to fix problem with gear shifters

Fri, 02/16/2018 - 05:57

Fiat Chrysler is recalling about 229,000 Ram trucks, mostly in North America, because they can be shifted out of park without a key in the ignition or a foot on the brake.

Air Canada tops market expectations with Q4 results

Fri, 02/16/2018 - 05:21

Air Canada's fourth-quarter revenue and adjusted earnings came in ahead of analyst estimates, as the Montreal-based airline posted record-high annual revenue for 2017.

82-year-old great-grandmother takes on BMO for suspect life insurance advice

Fri, 02/16/2018 - 01:00

An 82-year-old great-grandmother is upset the Bank of Montreal didn't lay out all options for cancelling her life insurance. Only following a CBC News investigation did Ella Beck discover she could cancel her plan and get money back.

Grain, oil shipments sitting idle on Prairies as railways struggle to meet demand

Thu, 02/15/2018 - 18:25

A shortfall of railcars and crews have left shipments of grain and oil marooned on the Canadian Prairies.

NEB clears Trans Mountain to begin pipeline tunnel work at Burnaby Mountain

Thu, 02/15/2018 - 15:08

The National Energy Board says work can begin on construction of the Trans Mountain pipeline's tunnel entrance at Burnaby Mountain — as long as the company has permits from three levels of government.

Renegotiation, not cancellation: Trump team drops hints NAFTA end not imminent

Thu, 02/15/2018 - 14:22

Members of the Trump administration have dropped several hints in recent days that withdrawing from NAFTA is not in their current plans — and latest such example came Thursday.

Canada set to open free trade talks with South American bloc

Thu, 02/15/2018 - 14:00

Barring last-minute obstacles, Canadian negotiators plan to meet their Mercosur counterparts for talks in Asuncion, Paraguay, one day after trade minister Francois-Philippe Champagne signs the CPTPP in Santiago de Chile.

Senate deal on cannabis bill timeline means no sales before August

Thu, 02/15/2018 - 13:11

Governments and producers preparing for the legalization of recreational marijuana this summer now have some certainty about when retail sales will actually begin — and it won't be before August at the earliest.

Fight over bankrupt oil company lands at Supreme Court

Thu, 02/15/2018 - 13:06

A legal battle over whether creditors take priority over the cleanup of old oil wells has landed at the Supreme Court of Canada — with seven justices now tasked with a decision that could have implications for industry and the environment across the country.

Sears and ex-workers deliberate on appointing trustee to review payments

Thu, 02/15/2018 - 11:37

Lawyers representing former Sears Canada workers and their ex-employer are trying to reach an agreement on whether a trustee should be appointed to review $3 billion paid to shareholders.

Higher interest rates won't 'break consumers' backs,' says CIBC

Thu, 02/15/2018 - 10:52

Economists have long been warning about how higher interest rates will impact Canadians, who have elevated levels of debt, but a new report from CIBC says most consumers are in good shape and can handle the challenge.

Missing message on Tim Hortons contest cups leaves players in dark

Thu, 02/15/2018 - 10:45

Tim Hortons admits there is a misprint on some of its RRRoll Up the Rim to Win cups, leaving a blank space where customers are supposed to find a message indicating whether they've won or not.

New truck engine to be built at the Ford Annex plant in Windsor

Thu, 02/15/2018 - 10:03

Union officials with Ford in Windsor confirmed today that a state-of-the-art pickup truck engine will be made at the Ford Annex plant in Windsor. Tim Little, vice president of Unifor Local 200, said the plant is ready to be re-tooled with equipment to build the new engine called the 7X.

Home Capital Group says new mortgage rules have clients migrating from big banks

Thu, 02/15/2018 - 09:09

Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year — even though it too is required to abide by the requirements.

Shaw says quarter of its workforce taking voluntary buyouts

Thu, 02/15/2018 - 07:26

Shaw Communications says 3,300 of its employees have decided to take a voluntary buyout package — far above the company's original estimate of about 650.


Back to Top


Add your email address to receive our newsletter.

Communities Served

Ladysmith, Nanaimo, Gabriola Island, Lantzville, Nanoose, Parksville, Qualicum Beach, Bowser, French Creek, Lasqueti Island


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

T: 250.591.7499
T: 888.303.2232
T: 877.585.5385
F: 250.591.7498