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Canadian economy lost 88,000 jobs in January

cbc news - Fri, 02/09/2018 - 08:44

The Canadian economy shed a surprising 88,000 jobs in January, with the losses concentrated in part-time work, Statistics Canada reports.

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Savaged stocks head for worst week since 2011

cbc news - Fri, 02/09/2018 - 08:09

A four per cent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis.

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Will Ottawa's new rules help Canada's oilpatch build another major pipeline?

cbc news - Fri, 02/09/2018 - 07:00

There were high expectations headed into Thursday's long-awaited announcement on how the federal government would overhaul the approval process for major energy projects in Canada. Ottawa says the new regulatory regime would help entice new investment, but the industry has many questions — and also doubts.

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Despite low unemployment, young people say finding a job is as difficult as ever: Don Pittis

cbc news - Fri, 02/09/2018 - 04:00

Getting a job, especially a first job, is still really hard. And modern job-search technology, while a useful tool, is no panacea for job seekers or prospective employers.

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Step inside Hamilton's massive cryptocurrency mining lab

cbc news - Thu, 02/08/2018 - 16:13

In Hamilton's east end, thousands of high powered computers are running full blast, mining for digital currency like bitcoin and litecoin.

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Bank of Canada warns of leaving winner-takes-all digital economy unchecked

cbc news - Thu, 02/08/2018 - 15:24

The digital economy is a promising way to raise economic growth and living standards — as long as efforts are made not to leave people behind, a senior Bank of Canada official says.

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Canada Goose shares plunge most since IPO despite earnings

cbc news - Thu, 02/08/2018 - 13:02

Shares of Canada Goose tumbled over 18 per cent on Wednesday morning — the most since it went public last year — after its earnings topped forecasts but failed to impress investors.

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Stock losses extended as U.S. bond yields rise again

cbc news - Thu, 02/08/2018 - 12:36

The Dow Jones Industrial Average sank another 600 points today as a renewed rise in U.S. bond yields and fears of higher inflation unnerved investors still piecing over a historic drop earlier this week.

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Bell, Telus gain subscribers during December price war

cbc news - Thu, 02/08/2018 - 11:33

BCE Inc. and Telus Corp. said Thursday they netted big increases in their wireless subscriber base during the fourth quarter, when they bested Rogers Communications Inc. in a holiday season battle to sign customers in a postpaid plan price war.

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Olympics time difference and lack of NHL players have bars expecting struggle

cbc news - Thu, 02/08/2018 - 09:21

The Olympics are usually a boon for bars equipped with televisions to broadcast high-stakes games and competitions — but the big time difference between Olympics host Pyeongchang and many Canadian cities will mean watching late at night or early in the morning.

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Twitter turns first profit ever, but problems remain

cbc news - Thu, 02/08/2018 - 08:40

Twitter has posted first quarterly profit in history, but the company faces stiff competition while user growth stagnates.

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Thomson Reuters beats profit forecast, misses on revenue

cbc news - Thu, 02/08/2018 - 08:19

Thomson Reuters Corp. beat Wall Street profit expectations in the fourth quarter even as revenue slightly missed forecasts.

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Canada's booming job growth expected by many to cool in next StatsCan report

cbc news - Thu, 02/08/2018 - 04:00

Following more than a year of job growth in Canada, many economists expect employment to show a cooling off when the January jobs report comes out Friday.

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Feds to announce new environmental assessment process for resources projects

cbc news - Thu, 02/08/2018 - 04:00

The federal government will unveil a wide-ranging new approach to Canada’s environmental assessment process today, shaking up how natural resource projects are assessed for their environmental impacts.

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Oil price rally has industry speculating on OPEC's exit strategy on production limit

cbc news - Thu, 02/08/2018 - 04:00

With the price of oil above $60 US a barrel, many in the industry are now wondering when OPEC will end its production cut and what the consequences will be.

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eBay CEO expected to push Trudeau on duty threshold

cbc news - Thu, 02/08/2018 - 04:00

When the prime minister sits down with the CEO of eBay in San Francisco later today, there is a divisive issue that is expected to come up.

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Lululemon CEO resigned in part due to workplace relationship with designer, source says

cbc news - Wed, 02/07/2018 - 19:54

A relationship between the CEO of Lululemon Athletica Inc. and a former designer at the company is one of several instances in which the chief executive fell short of the retailer's standards of conduct, a source familiar with the matter said Wednesday.

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Back to Earth: Tesla's losses grow on Model 3 delays

cbc news - Wed, 02/07/2018 - 18:00

Tesla Inc. posted a record quarterly net loss of $675 million in the fourth quarter as the company struggles to meet production targets for its first mass-market car, the Model 3 sedan.

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Gap between housing supply and demand largest in Toronto and Vancouver: CMHC

cbc news - Wed, 02/07/2018 - 16:26

Toronto and Vancouver's real estate markets have responded to surging prices and a growing demand for homes with a supply of new housing that is "significantly weaker than other Canadian metropolitan areas," CMHC says in new report.

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