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Oil shares drop to 5-week low, but Canadian dollar gains

cbc news - Wed, 06/14/2017 - 12:45

Shares of major oil companies including Encana, Canadian Natural Resources and Suncor dropped to morning lows after U.S. government statistics showed crude oil inventories fell less than estimated last week.

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Tech firm at centre of security debate could go with takeover bid from U.S. firm

cbc news - Wed, 06/14/2017 - 12:31

Norsat International Inc., which is subject to a controversial takeover bid from a Chinese firm, says it may accept a better offer from an American investment fund.

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Aeroplan operator suspends dividends after Air Canada move to cut ties

cbc news - Wed, 06/14/2017 - 11:22

Aimia Inc. is immediately suspending all dividends on common and preferred shares, including previously declared payments that were to be made at the end of this month.

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Debt-to-income load lightens slightly, but Canadians still piling on mortgage debt

cbc news - Wed, 06/14/2017 - 09:03

Canadians owed $1.67 in consumer credit, mortgages, and non-mortgage loans for every dollar of household disposable income in the first quarter of 2017, a slight quarterly decrease as household net worth rose from the end of 2016.

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Three things to expect from the U.S. Federal Reserve today

cbc news - Wed, 06/14/2017 - 08:16

Beyond the expected announcement of another rate hike, anticipation surrounds the possibility that the Fed could signal policy shifts in a statement it will issue, in updated economic forecasts and in a news conference with chair Janet Yellen.

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Canada-EU trade deal's July 1 target threatened by new cheese dispute

cbc news - Wed, 06/14/2017 - 07:01

Plans to bring most of Canada's new trade deal with the European Union into effect by July 1 may be unravelling due to a new dispute over who gets to import EU cheese.

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More than a quarter of TV subscribers mulling cable-cutting, study says

cbc news - Wed, 06/14/2017 - 05:00

According to a J.D. Power survey, 27 per cent of TV customers polled in Canada are thinking about cutting their cable or satellite subscriptions. Respondents were also more satisfied with streaming services over traditional TV.

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Sears Canada's future is in doubt. How did it come to this?

cbc news - Wed, 06/14/2017 - 05:00

Retailer Sears Canada is on the ropes, warning investors that it might have to restructure its business or seek a buyer. The corporate crisis is decades in the making, say retail analysts.

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Uber director David Bonderman resigns from board following comment about women

cbc news - Tue, 06/13/2017 - 21:50

Uber director David Bonderman has resigned from the company's board following a remark he made during an Uber staff meeting Tuesday that was widely seen as offensive to women, according to a source familiar with the matter.

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Neiman Marcus goes alone as sale talks with HBC reported off

cbc news - Tue, 06/13/2017 - 14:13

Luxury department store chain Neiman Marcus confirmed Tuesday that discussions for a partial sale or outright purchase of the company have ended.

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Embattled Uber CEO to take leave of absence in latest blow for company 'founded in controversy'

cbc news - Tue, 06/13/2017 - 13:19

Uber's controversial CEO Travis Kalanick is stepping aside just as an internal report on the company reveals a culture of sexism and sexual harassment. It's the latest turmoil for the ride-hailing app, a company which itself has courted its share of controversy. Could this finally be one scandal too many?

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Stephen Poloz's comments help send loonie higher

cbc news - Tue, 06/13/2017 - 12:22

The Canadian dollar continued gaining ground against the U.S. dollar on Tuesday on comments by the head of the Bank of Canada that the economy is revving up.

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Mortgage delinquency rates low in Toronto, Vancouver despite high prices: CMHC

cbc news - Tue, 06/13/2017 - 11:20

Mortgage delinquency rates were low in Toronto and Vancouver during the fourth quarter of 2016, despite hot housing markets that have sent prices soaring, according to a new report from Canada Mortgage and Housing Corporation that examines consumer mortgage credit data.

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Canadian oilpatch raises growth forecast

cbc news - Tue, 06/13/2017 - 10:12

After three consecutive years of cutting its long term oil production forecast, Canada's oil industry is now raising its expectations for how much crude the country will produce in the coming decades.

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Uber must make changes at top to fix culture woes, experts say

cbc news - Tue, 06/13/2017 - 09:55

Uber must get rid of leaders who tolerate bad behaviour and hire people who don't — including up to the chief executive — experts say, as the ride-hailing company gets ready to announce significant changes to its culture and management.

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Bank of Canada warns financial sector vulnerable to cyberattacks

cbc news - Tue, 06/13/2017 - 09:36

Canada's interconnected banks are vulnerable to a cascading series of cyberattacks that could undermine broad confidence in the financial system, the Bank of Canada warns.

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