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U.S. government shutdown no threat to credit rating: Moody's

cbc news - Mon, 01/22/2018 - 12:10

The U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top notch Aaa rating as long as it makes its debt payments on time, Moody's Investors Service said on Monday.

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IMF raises outlook for Canadian economy, upgrades global economic projections

cbc news - Mon, 01/22/2018 - 11:37

The International Monetary Fund raised its estimate for economic growth in Canada this year as it said U.S. tax cuts are expected to help boost global economic growth.

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BMO and China's biggest bank ICBC boost partnership for market access

cbc news - Mon, 01/22/2018 - 11:13

Bank of Montreal and China's largest state-owned bank, ICBC, have signed a new memorandum of understanding to increase the Canadian bank's footprint in the world's second largest economy.

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Rogers and Vice terminate partnership

cbc news - Mon, 01/22/2018 - 11:11

Rogers and Vice have terminated their joint venture that saw the latter make content to be broadcast on the former's properties.

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Sobeys inks deal with Ocado to launch online grocery store by 2020

cbc news - Mon, 01/22/2018 - 10:29

Nova Scotia-based grocery chain Sobeys will partner with British firm Ocado to launch an online grocery store.

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Top CEOs take only 4 days to earn a Bangladeshi worker's life pay, Oxfam says

cbc news - Mon, 01/22/2018 - 07:42

A CEO from one of the world's top five global fashion brands has to work just four days to earn what a garment worker in Bangladesh will earn in an entire lifetime, campaigning group Oxfam International said Monday.

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Why Trump's desire for a protectionist wall threatens more than NAFTA: Don Pittis

cbc news - Mon, 01/22/2018 - 05:00

U.S. President Donald Trump continues to threaten to scrap NAFTA. But Canadian trade experts say as long as the sides are still talking, there's still hope to avoid the worst of Trump's protectionist impulses.

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Lower U.S. business taxes, uncertainty over NAFTA complicate Trudeau's investment pitch in Davos

cbc news - Mon, 01/22/2018 - 05:00

Prime Minister Justin Trudeau, Finance Minister Bill Morneau, Foreign Affairs Minister Chrystia Freeland and Status of Women Minister Maryam Monsef set off today for the annual gathering in Switzerland with goals that include attracting investment, promoting a gender-balanced economy and preparing for hosting the G7 in June.

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