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Jerome Powell sworn in as chairman of Federal Reserve

cbc news - Mon, 02/05/2018 - 10:31

Jerome Powell has been sworn in as the 16th chairman of the Federal Reserve in a brief ceremony in the Fed's board room. In a short video message, Powell pledged to "support continued economic growth, a healthy job market and price stability."

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Fairfax Financial to buy some Carillion Canada contracts, take over 4,500 jobs

cbc news - Mon, 02/05/2018 - 10:06

Fairfax Financial has agreed to buy certain assets and assume certain liabilities related to Carillion Canada, the infrastructure services company which recently sought creditor protection.

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Stock markets recover from steep declines after worst week in 2 years

cbc news - Mon, 02/05/2018 - 09:44

North American stock markets headed lower today, but recovered from steep losses in the morning following their worst weekly decline since 2016 on Friday.

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Stress leave: Borrowers get around new mortgage rules by going to alternative lenders

cbc news - Mon, 02/05/2018 - 09:34

Mortgage brokers say the borrower rejection rate from large banks and traditional monoline mortgage lenders has gone up as much as 20 per cent after new stress test rules, and alternative lenders are seeing an uptick in business because they operate outside the tighter lending requirements.

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Super Bowl commercials: the touchdowns and the letdowns

cbc news - Mon, 02/05/2018 - 05:55

The Eagles and the Patriots were equally matched in a game that went down to the wire, but the commercials ranged from "appalling" to "everything a Super Bowl ad is supposed to do." Which spots scored during the big game's broadcast and beyond?

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Disappearing deposits: What happens when banks lose your money

cbc news - Sun, 02/04/2018 - 21:00

They thought there was no safer place to put their money -- until tens of thousands of dollars in bank deposits disappeared.

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Bell offers free phone unlocking for all following protests

cbc news - Sun, 02/04/2018 - 04:00

Bell has expanded its unlocking policy so that anyone with a phone locked to its network can now get the device unlocked for free. Previously, Bell only offered the service to current and former customers.

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PC Optimum problems and cheaper generic drugs: CBC's Marketplace consumer cheat sheet

cbc news - Sun, 02/04/2018 - 04:00

Miss something this week? Don't panic. CBC's Marketplace rounds up the consumer and health news you need.

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Restaurants 'taking from Peter to pay Paul' amid minimum wage hike

cbc news - Sat, 02/03/2018 - 04:00

A number of popular Canadian restaurants have increased the amount of tips servers must share with their colleagues, CBC's Marketplace has learned. And many servers say that money is being doled out to higher-paid staff in lieu of a raise.

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Motorola to buy Vancouver surveillance systems maker for $1 billion US

cbc news - Fri, 02/02/2018 - 17:20

Motorola Solutions announced Friday that it has entered into an all-cash agreement to buy Vancouver based Avigilon, maker of video surveillance systems for $1 billion US

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Aimia shares plummet for a second day after Nectar sale prompts DBRS warning

cbc news - Fri, 02/02/2018 - 14:41

The parent company of loyalty card Aeroplan saw its shares plummet for a second day Friday after DBRS warned about a possible downgrade after it announced the sale of its Nectar business at a substantial loss.

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North American shares tumble as markets on track for worst week in two years

cbc news - Fri, 02/02/2018 - 12:06

North American markets are on track for a shaky end to a volatile week, as shares tumble on falling oil prices and stronger economic data from the U.S. that raised the threat of inflation and higher interest rates.

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Imperial Oil posts $137M loss in 4th quarter

cbc news - Fri, 02/02/2018 - 11:44

Imperial Oil Ltd. reported a loss in its latest quarter as it was hit by non-cash charges related to its Horn River development and the Mackenzie gas project.

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Aphria selling stake in U.S. pot producer in $20M deal

cbc news - Fri, 02/02/2018 - 09:35

Canadian marijuana producer Aphria Inc. on Friday announced a deal to sell its stake in Arizona cannabis company Copperstate Farms to Liberty Health Sciences Inc. for $20 million.

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U.S. added strong 200,000 jobs in January; pay up most in 8 years

cbc news - Fri, 02/02/2018 - 08:58

U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a healthy job market.

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Bitcoin set for worst week since 2013 as crypto sell-off intensifies

cbc news - Fri, 02/02/2018 - 08:46

Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 per cent and bitcoin sliding below $8,000 US and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell.

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'Care for a delicious coffee?': Robot barista serves up joe in Tokyo cafe

cbc news - Fri, 02/02/2018 - 08:20

A robot named Sawyer debuted this week serving up coffees at Henna Cafe in Tokyo's downtown business and shopping district of Shibuya.

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'This is snake oil': Scientists don't buy balance-boosting clips featured on Dragons' Den

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

Can a little clip harness the power of a scientific phenomenon known as quantum entanglement and boost your strength and balance? Five of six panellists on CBC's Dragons' Den thought so, at least while the cameras were rolling. Marketplace takes a closer look at a wellness product's bold claims.

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Judgment Day: The high stakes gamble of Super Bowl ads

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

Forget the game on the field, when the New England Patriots and Philadelphia Eagles hook up this weekend in Super Bowl LII, the most cutthroat competition could be during the commercial breaks.

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