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U.S. conglomerate to purchase Dominion Diamond in $1.2B US deal

cbc news - Mon, 07/17/2017 - 10:32

Under the terms of the deal, a subsidiary of The Washington Companies will purchase all of Dominion's outstanding common shares for $14.25 US a share, the companies announced in a news release Monday.

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Average Canadian house worth $504,458 in June, down 10% since April

cbc news - Mon, 07/17/2017 - 09:27

Home sales fell in June by their largest amount in seven years, the Canadian Real Estate Association said Monday, as nearly three-quarters of all markets slowed down during what is normally the most popular time of the year for real estate.

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Sniffing out the truth about the end of the Canadian real estate boom: Don Pittis

cbc news - Mon, 07/17/2017 - 05:00

Is that the sound of a bubble popping? Conflicting interests make it harder than ever to know the truth.

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The electric vehicle revolution is coming, but is the infrastructure in place to maintain it?

cbc news - Mon, 07/17/2017 - 05:00

Companies like Tesla, BMW, and Volvo are all helping change the consumer vehicle industry, but with most consumers still worried about range anxiety, and with charging station infrastructure still a problem across the country, the revolution might just need an oil change.

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Interest rate hike and phone chargers that can explode: CBC's Marketplace consumer cheat sheet

cbc news - Sun, 07/16/2017 - 09:00

Miss something this week? Here's the consumer news you need to know.

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Allegations Banana Boat sunscreen causes burns continue to pour in to Health Canada

cbc news - Sun, 07/16/2017 - 05:00

Since May, Health Canada has received 187 complaints about Banana Boat sunscreen, many involving claims it led to burned or blistered skin. The agency has tested the product and is waiting for results.

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5 things to watch as U.S. reveals its NAFTA objectives

cbc news - Sun, 07/16/2017 - 05:00

The Trump administration is about to publish its goals for the upcoming renegotiation of the North American Free Trade Agreement. Here's what to watch for on Monday.

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Loonie tops 79 cents US

cbc news - Fri, 07/14/2017 - 16:13

The Canadian dollar hit levels not seen in 14 months on Friday as it topped 79 cents US. Some economists are now suggesting the Bank of Canada will raise interest rates again in October.

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Honda recalls 2.1 million vehicles worldwide over fire risk

cbc news - Fri, 07/14/2017 - 10:38

Honda Motor Co. said on Friday it would recall about 2.1 million vehicles worldwide, including almost 52,000 in Canada, to replace battery sensors due to the risk of fire.

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Sino-Forest defrauded investors and misled investigators, OSC rules

cbc news - Fri, 07/14/2017 - 09:41

Sino-Forest, once the biggest publicly listed forestry company in Canada before its demise, and several of its top executives defrauded investors and misled investigators, Ontario's securities regulator ruled Friday.

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Lumber prices see 'big jump' after wildfires in B.C.

cbc news - Fri, 07/14/2017 - 09:13

Wildfires in the B.C. Interior that have forced some sawmills to halt operations have resulted in a boost in lumber prices at a time when forestry companies have been squeezed by softwood duties on exports to the U.S.

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Fiat Chrysler recalls 1.3 million SUVs, citing problem with airbags

cbc news - Fri, 07/14/2017 - 07:46

Fiat Chrysler is recalling over 1.3 million vehicles worldwide to fix malfunctioning alternators or a wiring problem that can make air bags inflate unexpectedly.

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Sears managers to earn thousands in bonuses while laid-off workers get no severance

cbc news - Fri, 07/14/2017 - 05:00

Sears Canada plans to dole out up to $9.2 million in retention bonuses to senior staff still working at Sears during its restructuring.

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Former interim Conservative leader Rona Ambrose joins TransAlta board

cbc news - Thu, 07/13/2017 - 14:43

TransAlta Corp. is appointing former interim Conservative leader Rona Ambrose to the power company's board of directors.

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'Pharma Bro' Shkreli was shady - and profitable, investors testify

cbc news - Thu, 07/13/2017 - 11:33

The jury at the securities fraud trial of "Pharma Bro" Martin Shkreli has heard investors accuse the quirky former biotech CEO of repeatedly giving them the runaround when they tried to pull their money out of his failing health care hedge fund.

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Sears Canada, former employees reach compromise on benefits, pension payments

cbc news - Thu, 07/13/2017 - 10:25

A court-appointed monitor says Sears Canada, its lenders and lawyers for former employees have reached a compromise that could allow the company to continue paying certain health benefits and special pension payments up to the end of September.

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OPEC compliance with output cut fell in June, International Energy Agency says

cbc news - Thu, 07/13/2017 - 09:56

The International Energy Agency says the rate of compliance by OPEC countries to their agreed production cuts fell sharply in June, one reason why oil prices dropped to 2017 lows in recent weeks.

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