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Top earners saw average income rise 12% in 2015: StatsCan

cbc news - Thu, 11/16/2017 - 12:51

Canada's top one per cent of individual tax filers saw their share of total income rise for the first time in nearly a decade in 2015, thanks to growing dividends, says Statistics Canada.

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Worried your presale condo might be cancelled? Research the developer first

cbc news - Thu, 11/16/2017 - 11:45

The best line of defence for prospective presale condo buyers seeking to mitigate any potential fallout if the project gets cancelled is to do the appropriate due diligence on the developer before signing any contracts, experts say.

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Norway's $1T wealth fund proposes to drop oil, gas stocks from index

cbc news - Thu, 11/16/2017 - 11:15

Norway's trillion-dollar sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters, sending energy stocks lower.

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Cybersecurity: Barely perceptible threat has potential to derail Canada's economy

cbc news - Thu, 11/16/2017 - 10:04

It's nearly imperceptible, but cybersecurity is nonetheless a haunting prospect for those in the upper echelons of Canadian governments and corporations.

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Tesla unveils electric big-rig truck tonight

cbc news - Thu, 11/16/2017 - 09:17

Tesla Inc on Thursday will unveil a prototype electric big-rig truck, which may be able to drive itself, throwing the company into a new market even as it struggles to roll out an affordable sedan which is central to the company's future.

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Bombardier set to hire 1,000 people in Montreal, source says

cbc news - Thu, 11/16/2017 - 08:56

Bombardier Inc. plans to go on a hiring spree in Montreal by adding about 1,000 workers in the coming months as part of the production ramp-up of its new Global 7000 business jets, according to a source.

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'Really upsetting': Family pays $15K to get home after WestJet cancels Puerto Rico flights

cbc news - Thu, 11/16/2017 - 05:00

Chris Ma of Toronto and 13 of her relatives didn't learn they were stranded following a Caribbean cruise until they showed up at the airport in San Juan and couldn't find a WestJet booth.

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Workers stitched pleas for help into clothes sold by Zara

cbc news - Wed, 11/15/2017 - 15:15

Workers in Turkey who stitched pleas for help into clothing sold by retailer Zara are 'just the tip of the iceberg' and highlight the need for mechanisms to address concerns about labour conditions, a top human rights expert said on Wednesday.

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Home Capital CEO confident mortgage business will return to historical norms

cbc news - Wed, 11/15/2017 - 13:40

Home Capital is recovering quickly from a disastrous third quarter, when a dire shortage of liquidity and a new vetting process restricted its ability to originate new mortgages, chief executive Yousry Bissada said Wednesday.

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CanniMed tells shareholders to wait while it reviews Aurora offer

cbc news - Wed, 11/15/2017 - 11:43

CanniMed Therapeutics Inc. is urging shareholders to wait until the company has time to review an unsolicited takeover offer by Aurora Cannabis Inc. before doing anything.

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Court orders PayPal to give business account details to CRA

cbc news - Wed, 11/15/2017 - 11:00

The Federal Court of Canada has ordered U.S.-based PayPal to hand over details about its business account customers to Canadian tax authorities.

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October home sales up by modest 0.9%, CREA says

cbc news - Wed, 11/15/2017 - 09:45

Home sales across Canada in October were up by a seasonally adjusted "modest" increase of 0.9 per cent from September, the Canadian Real Estate Association said Wednesday.

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CRTC weighs impact on revised wireless code following Rogers request for delay

cbc news - Wed, 11/15/2017 - 09:04

It's all but certain that the Canadian telecom industry's revised wireless code of conduct won't be fully implemented before Christmas, including a change in the way customers are billed when data usage goes over their contract's limit.

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Loblaws plans to close 22 unprofitable stores

cbc news - Wed, 11/15/2017 - 08:15

As it announced its third-quarter results, Loblaw Companies Limited said Wednesday it plans to close 22 unprofitable stores from across its banners and formats.

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Farmer frustration at federal tax changes is subsiding, as Liberals make changes

cbc news - Wed, 11/15/2017 - 05:00

The federal government's announcement last July of several new tax policies for businesses came as a shock to farmers, but recent revisions by Ottawa are putting farmers more at ease.

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