CBC Business News

Subscribe to CBC Business News feed CBC Business News
Updated: 1 hour 19 min ago

WeWork reveals loss, revenue growth as it prepares IPO

Wed, 08/14/2019 - 09:05

The office space-sharing company, which recently renamed itself The We Co., said in a regulatory filing Wednesday that it now has 527,000 memberships across 29 countries. That's nearly double the 268,000 members it had in the prior-year period.

Stock markets sell off as inverted yield curve in bond market prompts recession fears

Wed, 08/14/2019 - 09:03

Sliding bond yields and the inversion of a key part of the U.S. yield curve on Wednesday for the first time in 12 years gave investors a gloomy outlook for the U.S. and global economies.

Ford extends transmission warranty for 560K Fiestas, Focuses

Wed, 08/14/2019 - 07:56

Ford is extending the warranties on about 560,000 small cars in the U.S. and Canada to cover a litany of problems with a troubled six-speed automatic transmission.

Facebook recording of user audio prompts probe from EU privacy regulator

Wed, 08/14/2019 - 07:12

Facebook's lead regulator in the European Union is seeking information over how it handled data during the manual transcription of users' audio recordings, Ireland's Data Protection Commision said on Wednesday.

ExxonMobil fined $40K after heavy chain fell within centimetres of worker

Wed, 08/14/2019 - 04:55

Nova Scotia's offshore petroleum regulator has fined ExxonMobil $40,000 after a heavy chain fell near workers on a drilling rig last year.

WestJet sale to Onex OK'd by Canadian Competition Bureau

Tue, 08/13/2019 - 20:30

WestJet's sale to Onex Corp. has one less hurdle to cross, after the Canadian Competition Bureau granted unconditional approval for the takeover.

Judge greenlights class-action lawsuit against Air Canada over fuel surcharges

Tue, 08/13/2019 - 12:54

A Quebec Superior Court judge has authorized a class-action lawsuit against Air Canada over fuel surcharges.

Norwegian Air ends some trans-Atlantic flights over 737 Max grounding

Tue, 08/13/2019 - 11:29

Norwegian Air ends trans-Atlantic flights from three North American airports because the grounding of Boeing 737 Max has made the routes "no longer commercially viable." Cancelled routes include Hamilton to Ireland.

Hopes for trade war truce emerge as U.S. delays implementation of 10% Chinese tariff

Tue, 08/13/2019 - 07:52

Stock markets surged Tuesday after U.S. trade authorities scaled back plans to put another 10 per cent tariff on Chinese goods starting next month, and have decided to temporarily exclude things like computers, game consoles, some toys and clothes from the punitive measure.

Brookfield buys controlling stake in mortgage insurer Genworth Canada for $2.4B

Tue, 08/13/2019 - 07:10

Brookfield Business Partners has signed a deal to buy a controlling interest in Genworth MI Canada Inc. for $2.4 billion.

Nike pitches sneaker subscription service for kids

Tue, 08/13/2019 - 06:01

Nike Inc. will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to the shoe store in exchange for a regular fee and consistent brand loyalty.

Employee or contractor? Foodora union vote ends today with key question unanswered

Tue, 08/13/2019 - 03:56

Whether Foodora couriers are independent contractors or employees remains a key point of disagreement between workers and the company.

From dumpster to diesel: How a pilot project in Whitby is turning plastic waste into fuel

Tue, 08/13/2019 - 01:00

A pilot project in Whitby, Ont., is using technology to give plastic waste a second life by turning it into fuel.

Jim Pattison's bid to control Canfor draws mixed feelings in B.C.'s struggling forest towns

Mon, 08/12/2019 - 20:49

A B.C. billionaire's bid to take full control of the province's largest forestry company is likely good for his bottom line, analysts say, but whether struggling mill towns should be heartened by the news is a matter of debate.

Toronto woman who sold counterfeit handbags must pay Dior, Louis Vuitton

Mon, 08/12/2019 - 11:40

A woman who sold counterfeit luxury handbags and apparel out of a home in the Toronto area won't receive a trial and must pay damages to Christian Dior, Louis Vuitton and other well-known brands, a federal court ruled.

U.S. eager to help Britain post-Brexit with new trade deal

Mon, 08/12/2019 - 09:08

U.S. President Donald Trump wants to see a successful British exit from the European Union that Washington will support with a U.S.-UK free trade agreement, national security adviser John Bolton told British officials on Monday.

Cathay Pacific warns employees off participating in Hong Kong protests

Mon, 08/12/2019 - 08:46

The chief executive of Hong Kong's Cathay Pacific Airways warned Monday of "disciplinary consequences" for employees involved in "illegal protests," as the airline joins a slate of businesses that have appeased and apologized to China in recent days.

Jim Pattison makes bid to take Canfor private

Mon, 08/12/2019 - 07:25

Jim Pattison's Great Pacific Capital Corp. has made an offer to buy the rest of Canfor Corp. it does not already own for $16 per share, an offer that values the lumber, plywood, pulp and paper  company at about $2 billion.

Tourism in B.C. expected to reach record levels again in 2019

Mon, 08/12/2019 - 06:00

Tourism numbers are expected to reach a new record for 2019. To avoid the crowds, Destination B.C. is encouraging locals and international travellers to consider exploring less popular areas of the province, such as the north.

CannTrust shares plunge again as Health Canada deems 2nd cannabis facility 'non-compliant'

Mon, 08/12/2019 - 05:52

Shares in Canadian cannabis company CannTrust plunged by more than 25 per cent before markets opened on Monday after the company said Health Canada has deemed a second one of its facilities "non-compliant with certain regulations."


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