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Agency puts N.B. in lead
New Brunswick is poised to lead the nation in export growth next year, according to a forecast released by Export Development Canada Thursday.
Market report
Irving Oil Terminals Inc., a New Hampshire-based subsidiary of Saint John's Fort Reliance, is set to acquire two petroleum terminals in Maine and a 124-mile pipeline that connects the terminals. Irving Oil Terminals has inked a purchase and sale agreement with ExxonMobil to acquire two petroleum terminals - located in Bangor and South Portland - along with a 124-mile pipeline that connects the terminals.
Provincial gateway council concerned
The New Brunswick Gateway Council is concerned the recent creation of two additional groups in Nova Scotia could lead to further delays in final decisions on funding.
Admiral Fish Farms opts for quality
Glen Brown says he cares more about quality than quantity.
Dorel has hopes for 2010
Dorel Industries (TSX:DII.B) has high hopes for 2010 overall but has seen no sign yet that American consumers are preparing to open their wallets and return to stores.
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Crombie REIT posts Q3 loss
Crombie Real Estate Investment Trust (TSX:CRR.UN) announced a $62-million property purchase from its controlling unitholder Thursday, as it posted a $1-million loss for the third quarter.
Quebecor has Q3 profit jump
CEO Pierre Karl Peladeau took another swipe at what he called the lack of competition in the cellphone industry as Quebecor Inc. (TSX:QBR.B) announced a 52 per cent jump in third-quarter profit on Thursday.
CPP, TPG Capital buy IMS Health for US$4 billion
Canada's CPP Investment Board will become a "significant minority investor" in IMS Health after the big U.S. health care software and data management company agreed Thursday to be acquired by the big Canadian pension fund and its American partner for US$4 billion.
Cascades reverses last year's loss
Recycled tissue paper and packaging producer Cascades Inc. (TSX:CAS) reversed last year's loss with a $34 million third-quarter profit despite lower sales.
Business journal
Shear Wind Inc. (TSX.V:SWX) closed a private placement with Genera Avante Holdings Canada Inc., a subsidiary of Inveravante Inversiones Universales, S.L., for more than 96 million common shares at just under 28 cents.
A gift for the grandchildren that keeps on giving
Want to contribute financially to your grandchildren's post-secondary education expenses?
Business in Pictures
Business journal
Activist investment firm Clarke Inc. (TSX:CKI) said Thursday that it earned $10.6 million in its latest quarter compared with a profit of $100,000 a year ago.
Stock markets surge on positive data
The Toronto stock market closed higher Thursday with investors getting some good news prior to the release of the main piece of economic data for the week - the U.S. government's October non-farms payroll report.
Bombardier business jet deliveries fall 37% in Q3
Bombardier (TSX:BBD.B) may have to revise its business jet forecasts after an industry association said its deliveries continued to fall in the third quarter.
Proposed deal 'great marketing tool'
Armed with what he describes as a new tool in his toolbox, Business New Brunswick Minister Victor Boudreau will hit the road later this week to promote the province to a prestigious audience at the Economic Club of Canada in Toronto.
Market report
Optimism is up among small- and medium-sized business owners in New Brunswick, according to the October results of a Canadian Federation of Independent Business monthly survey.
Low-cost metal production
The investors behind a firm planning to reopen the Caribou mine near Bathurst hope there might be enough ore deep in the ground to extend its life at least another two decades.
Rapid growth excites AnyWare Group
As AnyWare Group continues to grow its customer list at an impressive rate, the company has an eye toward expanding both its staff and its product line.
BC Hydro CEO Bob Elton 'transitioning' to utility's board
The president of BC Hydro is being shifted out of the job because the Crown-owned utility is headed in a different direction, Hydro chairman Dan Doyle said Wednesday.
Business journal
Enbridge Inc. posted better-than-expected third-quarter profit Wednesday and the pipeline giant also raised its full-year earnings outlook on improved demand.
Some firms struggle, others profit from pandemic
While many Canadian companies fret about how to deal with staff shortages and dropping revenue from the H1N1 flu, others are profiting from growing demand for everything from hand sanitizer to medical advice.
Business journal
Nova Scotia Power Inc.'s board of directors approved a quarterly dividend of nearly 37 cents per Series D first preferred share for the quarter ending Dec. 31., payable on and after next Jan. 15 to series D preferred shareholders of record on Dec. 31.
Hydro-Québec cutting 250 jobs: union
Hydro-Québec is poised to cut almost 250 customer-service positions, according to the union that represents the workers.
Bank of Canada sticks to forecast
The Bank of Canada appears to be sticking to its original growth forecast, even though recent data indicated there's a risk that the economy contracted in the third quarter.
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