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France faces butter shortage amid global demand for pastries

cbc news - Fri, 10/20/2017 - 13:08

French pastries and butter have become so popular abroad that the increased demand led to a mini-shortage of the dairy product in French supermarkets.

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Airbus CEO expects to sell 'thousands' of C Series aircraft

cbc news - Fri, 10/20/2017 - 10:49

The head of Airbus told a Montreal business audience on Friday that he believes the company will sell thousands of Bombardier's C Series aircraft.

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Brexit talks at impasse: 'We have not gone even halfway down the road'

cbc news - Fri, 10/20/2017 - 10:19

Leaders of Britain and the 27 other European Union members agreed Friday that much remains to be done in Brexit talks amid deep divisions about the terms of their breakup, particularly on how much London should pay in the divorce.

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Inflation rate rose to 1.6% in September, led by gasoline price hikes

cbc news - Fri, 10/20/2017 - 09:01

Canada's inflation rate rose to 1.6 per cent in September, up from 1.4 per cent the previous month, as the costs of transportation and shelter went up.

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NAFTA's demise just one potential trigger for a market crash: Don Pittis

cbc news - Fri, 10/20/2017 - 05:00

The failure of NAFTA would be just one possible nudge toward a market tumble as experts seek parallels to the crashes of 1929 and 1987.

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Sears Canada debacle one more reason to avoid extended warranties

cbc news - Fri, 10/20/2017 - 05:00

The Sears Canada liquidation, while extreme, is yet more evidence that extended warranties are generally a waste of money for consumers — though they are hugely profitable for retailers.

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How super are those pricey 'superfoods'? Marketplace puts 3 of them to the test

cbc news - Fri, 10/20/2017 - 05:00

Coconut water, quinoa and chia seeds are often marketed as "superfoods," and looking at recent sales, it seems the public is buying in. Marketplace pits them against alternatives that don’t come with super prices to see which foods pack the best nutritional punch.

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'Nobody was happy': Alberta coal town Grande Cache struggles with mine closure

cbc news - Fri, 10/20/2017 - 05:00

The Rocky Mounty coal community of Grande Cache is struggling through unusually tough times as businesses, professionals and residents pack up and leave.

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Postmedia sees Q4 profit on sale of Informart unit

cbc news - Thu, 10/19/2017 - 13:51

Postmedia Network Inc. reported a $40.3-million profit in its latest quarter, boosted by the sale of its Infomart business.

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Rogers Communications sees 'anemic' iPhone 8 demand

cbc news - Thu, 10/19/2017 - 12:08

The CEO of Rogers Communications says he is seeing little demand for Apple's iPhone 8, adding to concerns about prospects for sales of the device.

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Nissan to suspend domestic production of cars for Japan market

cbc news - Thu, 10/19/2017 - 10:34

Nissan Motor Co. is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection procedures that led to a major recall, it said on Thursday.

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Cenovus selling Palliser assets in Alberta to Torxen for $1.3B

cbc news - Thu, 10/19/2017 - 10:21

Cenovus Energy Inc. says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion.

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Canadian cities in the hunt for Amazon's HQ2 — but is it worth the shot?

cbc news - Thu, 10/19/2017 - 09:32

The possibility of a Canadian city turning into the next Seattle — Amazon's existing home — is tempting, but experts say it's a risky proposition that comes with some drawbacks, like making operations more challenging for local technology companies.

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Looking back at the Black Monday stock crash, 30 years later

cbc news - Thu, 10/19/2017 - 09:04

With U.S. stock markets hitting new records on a seemingly daily basis, many analysts expect the market to keep climbing. But as investors learned so painfully 30 years ago, markets can shift quickly.

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Morneau's latest 'step back' on tax proposals seeks to ease concerns from family farms, fishers

cbc news - Thu, 10/19/2017 - 08:42

Federal Finance Minister Bill Morneau is climbing down from another controversial tax proposal to address the concerns of Canadian farmers and fishers.

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Shopify plans to add up to 500 jobs in Waterloo over next 3 years

cbc news - Thu, 10/19/2017 - 06:00

Shopify is setting up a second office in Waterloo and will be adding up to 500 jobs within the next three years, the company announced Thursday.

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Sears managers, execs will still pocket big cash bonuses even though retailer is closing

cbc news - Thu, 10/19/2017 - 05:00

Sears Canada will pay a final $2.8 million in retention bonuses to 36 head office staff, even though the retailer’s restructuring efforts failed and the company is closing its remaining 130 stores.

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Dow Jones industrial average closes above 23,000 for 1st time

cbc news - Wed, 10/18/2017 - 16:13

The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

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