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Push it a little further
Despite efforts to include businesses across New Brunswick in the mega projects slated for the southern part of the province, the leader of a francophone economic organization says more can be done to ensure northern companies land the lucrative spin off contracts.
Big box stores starting to think outside the big box
Canadian tire is the newest big chain going small in order to capture a larger market and the reason, according to a New Brunswick economist, is likely tied to increasing fuel prices.
Pest control options are getting greener
A Fredericton-based biotechnology firm is developing viruses that can wipe out forest-ravaging pests, saving millions of trees and creating a green alternative to harmful chemicals.
Strike action to begin at Sask. potash mines
Talks broke down Thursday and the union representing 500 potash workers says strike action will begin immediately at three mines in Saskatchewan.
Investment intentions hit multi-year low Canada-wide
Investment intentions among Canadian businesses have fallen to the lowest level in a half-decade, but New Brunswick is set to weather the storm for a while, assured one provincial business leader.
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Killam acquires N.B. property
Citing rising energy costs as the reason for weaker performance than forecast, Killam Properties Inc. (TSX:KMP/KMP:DB) announced its financial results for the second quarter Thursday.
Building intentions down
Statistics Canada reported Thursday that the value of building permits fell 5.3 per cent from May to $6.3 billion, as construction intentions across Canada decreased both in the residential and non-residential sectors.
Canadian Tire profits down 20.3 per cent to $97.7M
Canadian Tire Corp. (TSX:CTC.A) reported a more than 20 per cent drop in second-quarter profit compared with a year ago and lowered its earnings forecast Thursday as the retailer said it was hit by poor weather and a slowing economy.
AbitibiBowater Q2 loss $251M, more cuts possible
Forest products firm AbitibiBowater Inc. (TSX:ABH) is prepared to cut production and take a tough line on labour negotiations next year as the world's largest newspaper producer attempts to further reduce costs amid continuing quarterly losses.
Today is a new day: Bell Canada unveils new marketing strategy
It took BCE Inc. four marketing agencies and two years of planning to come up with a new logo that may be the simplest among major North American businesses.
Supreme Court to hear Wal-Mart unionization case
The Supreme Court of Canada will weigh in on a high-stakes dispute between retail giant Wal-Mart and former employees at a store in Jonquiere, Que., which shut down in 2005 after workers secured the right to unionize.
Business in Pictures
Disney to remove McDonald's spots from California theme park
Walt Disney Co., the world's biggest theme-park operator, is eliminating McDonald's Corp. fast-food restaurants at its Disneyland resort.
Business Journal
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CEO of Pininfarina, company that designs Ferraris, dies in accident
Reports say Andrea Pininfarina, chief executive of the family Italian car design firm that counts Ferraris and Alfa Romeos among its creations, died Thursday in an accident near the northern city of Turin.
Deutsche Bank to foreclose on $3.5B Las Vegas casino
Deutsche Bank AG will foreclose on the US$3.5 billion Cosmopolitan Resort & Casino in Las Vegas after developer Ian Bruce Eichner defaulted on a US$760 million loan, two people briefed on the situation said.
Montreal firm's bikes headed to Summer Games
The Beijing Olympics will shine a spotlight on a Canadian bicycle manufacturer as several international athletes and members of the Chinese national team ride Dorel Industries Inc. (TSX:DII.B) Cannondale and GT bikes in their quest for gold.
Tim Hortons fights economic elements for profit gain
Upping the price on coffee and baked goods helped push earnings up 11.5 per cent at Tim Hortons Inc. in the second quarter, slightly above analyst estimates.
Toronto closes in the red as weakness in financials in U.S. bleeds up north
The Toronto stock market couldn't shake its losses and closed Thursday's session just off its lowest levels of the day led by weakness in financials.
Aliant to hold on to Xwave and Innovatia
Bell Aliant has no plans sell off its Xwave and Innovatia subsidiaries following the sale of a specialized defence group to an international aerospace firm.
'Will there be a lull before Eider Rock?'
After two strong years, New Brunswick's construction industry is expected to "fall off the cliff," according to the Conference Board of Canada's Provincial Outlook for the summer of 2008.
The '26-month self-sufficiency' plan
Two things are on the mind of FatKat Animation Studio owner and chief executive after receiving a half-million dollar loan guarantee from the provincial government.
Eagles concert beer sales drive up liquor numbers
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BCE revenue beats modest expectations
A boom in wireless subscribers provided BCE Inc. with a silver lining after reporting Wednesday that profit fell by almost half during its second quarter.
Saputo profit, revenue grows
Saputo Inc. is coping better than most other Canadian manufacturers with spikes in the loonie, and energy and ingredient costs.
Business Journal
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