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Why old-fashioned bank drafts could leave you on the hook for big bucks

cbc news - Sun, 12/31/2017 - 05:00

Bank drafts are touted as a secure means of payment. But if they're lost, stolen, altered or damaged, it's often not the bank that has to replace them. It's the person who bought the draft. So why do people still use them?

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How $80 oil could be bad for Calgary diversification

cbc news - Sat, 12/30/2017 - 09:00

Adam Legge, who recently left the Calgary Chamber of Commerce after seven years with the organization, explains why Calgary's diversification efforts could be hurt by high oil prices.

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Even if it is 'peak beer,' is there still a play to be made in craft brewing?

cbc news - Sat, 12/30/2017 - 05:00

While concerns are floating about whether the craft brewing industry in Canada has hit 'peak beer,' the enthusiasm hasn't gone away.

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Federal consumer agency delays report on Canadian banks' sales practices

cbc news - Fri, 12/29/2017 - 16:15

The Financial Consumer Agency of Canada won't be releasing the results of its review of business practices among Canada's major banks by the end of the year, as originally anticipated.

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Shares of several Canadian cannabis companies temporarily halted on TSX

cbc news - Fri, 12/29/2017 - 14:52

Several Canadian cannabis companies had their stocks temporarily halted on the Toronto Stock Exchange early Friday afternoon due to volatile swings in trading.

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Not dead yet: Record executives fight for compact disc's future

cbc news - Fri, 12/29/2017 - 14:06

Despite becoming what some dubbed "the year of streaming," 2017 proved CDs still have some life left in them.

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Trump trains crosshairs on favourite target, again - Amazon

cbc news - Fri, 12/29/2017 - 13:41

President Donald Trump returned to a favourite target Friday, saying that the U.S. Postal Service should charge Amazon.com more money to ship the millions of packages it sends around the world each year.

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Price of oil cruises past $60 US as TSX retreats from record-setting pace

cbc news - Fri, 12/29/2017 - 12:10

Oil prices push past the $60 US mark for the first time in about 2½ years as Canada's main stock index retreats from its two-day record streak.

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Goldman Sachs expects $5B US hit from tax overhaul

cbc news - Fri, 12/29/2017 - 10:59

Goldman Sachs expects to take a $5 billion US hit to profits because of the tax overhaul signed into law last week as the New York bank became one of the first to release details on how the changes will affect how money parked overseas is handled.

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Apple offers cheaper iPhone battery replacement after slowdown controversy

cbc news - Fri, 12/29/2017 - 09:14

Apple apologizes after controversy broke out over its practice of secretly slowing down older iPhones to avoid battery-related shutdowns. The company also says it will cut the price of battery replacement for the next year.

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EgyptAir signs firm order for Bombardier C Series aircraft

cbc news - Fri, 12/29/2017 - 09:11

Bombardier Commercial Aircraft says EgyptAir has signed a firm agreement to purchase a dozen CS300 aircraft along with purchase rights for an additional 12 of the aircraft.

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Volkswagen owner 'crazy happy' after proposed agreement in emissions scandal

cbc news - Thu, 12/28/2017 - 16:19

After years of uncertainty and months of delays, there is good news for owners of Volkswagen vehicles who were not initially part of a class action settlement in the diesel emissions scandal.

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Softbank tender for Uber stake succeeds: report

cbc news - Thu, 12/28/2017 - 14:37

A consortium led by SoftBank Group Corp. will go ahead with the purchase of a major stake in Uber Technologies Inc. after existing investors in the ride services company agreed to sell shares at a price that values the startup at $48 billion US, the Wall Street Journal reported on Thursday.

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How regifting has become an easy, money-saving way to deal with holiday 'misfires'

cbc news - Thu, 12/28/2017 - 11:14

Instead of stuffing castoffs into junk drawers, holiday gift recipients are finding ways to put unwanted items into the hands of more appreciative recipients.

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Debt reduction remains high priority, ahead of investments and savings: CIBC

cbc news - Thu, 12/28/2017 - 10:27

CIBC says debt reduction or elimination was the top priority for 25 per cent of respondents to a recent poll.

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As online shopping grows, UPS sees record holiday package returns

cbc news - Thu, 12/28/2017 - 09:34

United Parcel Service is on track to return a record number of packages this holiday shipping season, a sign that e-commerce purchases surged to new heights over the past month.

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Mackenzie Valley pipeline project officially one for the history books

cbc news - Thu, 12/28/2017 - 07:00

The joint-venture proponents behind the Mackenzie Valley Gas Project have ended their partnership, bringing to a close the dream of a Mackenzie Valley pipeline, and its potential wealth effect.

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