CBC Business News

Subscribe to CBC Business News feed CBC Business News
Updated: 14 min 11 sec ago

'This is really upsetting': Airline passengers struggle to get denied boarding compensation under new rules

4 hours 13 min ago

Canada’s new air passenger protection regulations promise big compensation for denied boarding: up to $2,400. However, some passengers have found that they need to do battle with the airline to collect their cash.

Scientists sound alarm over Alberta's new approach to tracking oilsands pollution

4 hours 13 min ago

Two prominent scientists are raising concerns about the reorganization of the Alberta agency that monitors oilsands pollution.

Attack on Saudi oil facilities highlights danger of 'kamikaze' drones

4 hours 13 min ago

The recent attack on Saudi oil facilities have cast a spotlight on increasingly-used “kamikaze” or “suicide” drones. And the incident has brought into focus what one expert calls the “eminent” possibility of such devices one day being used to sow terror in major cities.

Fed takes action to control short-term interest rates

Tue, 09/17/2019 - 14:02

The U.S. Federal Reserve Bank of New York carried out $53 billion US in transactions known as repurchase agreements Tuesday as a way to relieve upward pressure on interest rates in overnight money markets.

CannTrust says Health Canada has suspended its cannabis licence

Tue, 09/17/2019 - 13:17

CannTrust Holdings Inc. says it received a notice of licence suspension from Health Canada, which has been investigating the cannabis company for allegedly cultivating pot in unlicensed rooms.

Court of appeal tells B.C. to reconsider Trans Mountain environmental conditions

Tue, 09/17/2019 - 13:07

The B.C. Court of Appeal has instructed the province to reconsider its environmental assessment certificate and conditions issued for the Trans Mountain pipeline expansion project.

Alberta's 'Gas City' to shut down 2,000 wells, laying off up to 100 people

Tue, 09/17/2019 - 10:43

The southern Alberta community of Medicine Hat — known as "The Gas City" — is permanently shuttering 2,000 of its active natural gas wells due to extremely low prices, resulting in layoffs for about 100 people.

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

Tue, 09/17/2019 - 10:01

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

Tue, 09/17/2019 - 08:16

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

Tue, 09/17/2019 - 07:12

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

Tue, 09/17/2019 - 07:06

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

Tue, 09/17/2019 - 07:00

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

Tue, 09/17/2019 - 06:09

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

Tue, 09/17/2019 - 05:48

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

Tue, 09/17/2019 - 01:00

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

Tue, 09/17/2019 - 01:00

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.


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