Mongolia taps four banks for massive coal IPO: report
CBJ – Feb. 24 – Mongolia has selected four banks to manage the initial public offering of an enormous coal deposit, the Wall Street Journal is reporting. The Mongolian government has picked BNP Paribas...
View ArticleWisconsin's assembly to vote on collective bargaining
CBJ – Feb. 24 – A fierce debate over collective-bargaining rights in Wisconsin will be quieted, but not quelled, as the state's Assembly Democrats have agreed to vote today on a bill that would limit...
View ArticleRona's weak quarter wraps year of progress
CBJ – Feb. 24 – Hardware retailer Rona Inc. built a strong 2010 even as sales and net earnings sputtered in the final quarter. Boucherville, Que.-based Rona (TSX: RON) saw sales fall by $4 million on...
View ArticleRedevelopment to be Edmonton's urban showpiece
Justin Holmes CBJ – Feb. 25 – What's currently just a midtown airport could soon be the crowning achievement of the City of Champions. On Feb. 15, the City of Edmonton unveiled mockups of redevelopment...
View ArticleMining, energy to lead investment with 11.4% growth
CBJ – Feb. 25 – Private investment is expected to grow by 3.8 per cent this year, led by a 11.4 per cent improvement in mining and oil and gas extraction, according to Statistics Canada's latest...
View ArticleAlgeria ends state of emergency to quell unrest
CBJ – Feb. 25 – Algeria ended a 19-year state of emergency today as it tries to hold back the anti-government protests that have consumed the rest of North Africa in recent weeks. Protesters in the...
View ArticleCommerce Department downgrades quarterly GDP estimate
CBJ – Feb. 25 – The U.S. Department of Commerce has revised its gross domestic product estimate for the fourth quarter of 2010, putting the U.S. economy's growth down to just 2.8 per cent annually....
View ArticleCanada's budget deficit halved in December
CBJ – Feb. 25 – The federal budgetary deficit fell from $3.1 billion in December 2009 to $1.4 billion in December, the Finance Department said today. Revenues grew by 8.4 per cent, up $1.6 billion to...
View ArticleJC Penney reaps rewards of strong Q4
CBJ – Feb. 25 – J.C. Penney Co. Inc. rode a successful holiday shopping season to a 51.8 per cent improvement on its annual net income. Plano, Texas-based J.C. Penney (NYSE: JCP) grew its fourth...
View ArticleAustralia bringing in carbon tax next year
CBJ – Feb. 25 – The Australian government is drawing up a carbon tax to restrict the nation's biggest industrial polluters next year. The tax, announced yesterday, would come into effect on July 1,...
View ArticleFebruary 11
This issue of CBJ celebrates Canada’s strong economy in our feature section “Canada on the World Stage”. Our focus for February is the critical relationship between Canada and the United States. Canada...
View ArticleMarch 11
It'd be redundant to explain how important the Internet is for us at The Canadian Business Journal—access to the Internet is vital for most businesses, digital or otherwise.There is not one company...
View ArticleChina buying foreign mines to better control iron prices: report
CBJ – March 7 – China's Industry Minister says his country's government will buy foreign iron ore mines to better control iron prices and ween itself from the grip of the world's major miners, The...
View ArticleBuilding permits drop 5.1% to start off 2011
CBJ – March 7 – Building permits settled back into a slump in January as a soft residential market in Ontario and few construction intentions in the non-residential sector in Alberta and British...
View ArticleMagma Energy grabs Plutonic, changing name to Alterra
CBJ – March 7 – Two Vancouver-based clean energy companies are coming together as Magma Energy Corp. announced today it would acquire Plutonic Power Corp. Inc. to create a new $575 million company,...
View ArticleGasoline closing in on $4 a gallon
CBJ – March 7 – Gasoline prices are approaching the once-unthinkable $4 mark in California as the average price of a gallon of gas in the United States hit US$3.509 today. That's 12 cents more than the...
View ArticleTraders take call options betting on US$200 oil
CBJ – March 7 – Concerns over a 'Day of Rage' in Saudi Arabia and continuing turmoil in North Africa have traders pick up call options on US$200-a-barrel oil, Bloomberg is reporting. Call options for...
View ArticleBritain, France drawing up no-fly plan for Libya
CBJ – March 7 – Diplomats from the United Kingdom and France are drafting a United Nations resolution to impose a no-fly zone over Libya, the Associated Press is reporting. Libya's ambassador to the...
View ArticleGolf Town planning US invasion
CBJ – March 7 – Swimming against the current, Toronto-based sports retailer Golf Town is expanding into the United States even as American retailers gobble up more of the Canadian retail market. Golf...
View ArticleBeer prices set to rise on barley costs
CBJ – March 7 – In what may be viewed in some corners as a sign of the apocalypse, beer prices are set to rise with malting barley becoming more expensive as supplies dwindle. Poor weather in Canada,...
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