Business Buzz

New Emily Carr university opens
The Canadian Press - Sep 05, 2017 - Business Buzz

Hundreds of students are starting the school year at Emily Carr University of Art and Design’s new state-of-the-art campus in Vancouver, leaving behind its iconic Granville Island home of nearly four decades. Construction for the $122.6 million facility on Great Northern Way began in 2015. The university owns the new site, which is also shared […]

Canadian Press turns 100
The Canadian Press - Sep 01, 2017 - Business Buzz

The Canadian Press, the national news service that was created during the First World War to bring home stories from the European front, turned 100 Friday. But even dedicated news junkies might not know where to send a birthday card. Described by some scholars as a cornerstone of Canadian history, CP remains a mystery to […]

Trudeau, Trump talk NAFTA
The Canadian Press - Sep 01, 2017 - Business Buzz

The White House says Donald Trump and Justin Trudeau have spoken about their hope to reach a deal by the end of this year on a new North American Free Trade Agreement. That nugget is contained in a readout from Washington on the phone call today between the president and the prime minister over the […]

Greyhound ridership tanks
The Canadian Press - Aug 31, 2017 - Business Buzz

Greyhound Canada has applied to regulators in British Columbia to drop five routes, four of them in northern B.C., as the company deals with plunging ridership. Greyhound calls the decision “regrettably unavoidable” in a news release but says there has been a 51 per cent drop in riders since 2010, along with higher costs and […]

Next-level self-driving tech
The Canadian Press - Aug 31, 2017 - Business Buzz

Autoparts supplier Magna International Inc. has unveiled its new autonomous driving platform it says can be integrated into any vehicle. The MAX4 uses cameras, radar and ultrasonic sensors that can be imbedded in any vehicle, including hybrid and electric versions, to allow up to Level 4 autonomous driving capabilities in urban and highway settings. Level […]

Economy beats expectations
The Canadian Press - Aug 31, 2017 - Business Buzz

The economy surged past second-quarter expectations with growth at an annual rate of 4.5 per cent, giving the country its best start to a calendar year since 2002, Statistics Canada said Thursday. Household spending and exports, particularly in the form of energy products, drove the increase in real gross domestic product, the agency said. The […]

Not too late to stop dam
The Canadian Press - Aug 30, 2017 - Business Buzz

A hydroelectric venture in central Labrador should serve as a cautionary tale for British Columbia and its own ambitions to build a multibillion-dollar dam in the province’s northeast, the former head of Newfoundland and Labrador’s public utilities regulator says. David Vardy, a former economics professor and retired civil servant in that province, published a letter […]

Skills gap unless system changes
The Canadian Press - Aug 29, 2017 - Business Buzz

A CIBC economics report warns that Canada’s post-secondary institutions need to change their ways to begin producing enough graduates with the right skills to drive future economic growth. Authors Benjamin Tal and Royce Mendes say a new CIBC online poll shows students are becoming more pragmatic in choosing careers where their skills will be needed. […]

Bank profits up
The Canadian Press - Aug 29, 2017 - Business Buzz

Scotiabank is reporting a $2.1-billion profit in its third quarter and a dividend increase. The bank says its net income equalled $1.66 per share, up from $1.54 per share in last year’s third quarter. About half of the quarter’s profit was from Scotiabank’s Canadian banking arm, which reported improved margins. Scotiabank’s revenue up about four […]

Harvey could hit oil industry
The Canadian Press - Aug 28, 2017 - Business Buzz

Massive flooding caused by Harvey along Texas’ refinery-rich coast could have long-standing and far-reaching consequences for the state’s oil and gas industry and the larger U.S. economy. The storm’s remnants left much of Houston underwater on Sunday, and the National Weather Service says it’s not over yet: Some parts of Houston and its suburbs could […]