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Ottawa school board pulls Fraser Institute essay contest asking if minimum wage hike is a bad idea

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

The Fraser Institute says its student essay contest — which asks if hiking minimum wage is a "bad policy" — isn’t biased and shouldn’t have been pulled from Ottawa-area high schools.

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Apple shares fall after revenue forecast misses estimates

cbc news - Thu, 02/01/2018 - 17:06

Apple Inc's revenue forecast for the second quarter on Thursday was below market expectations, adding to concerns of a plateau in demand for its newer iPhones, including the anniversary edition iPhone X.

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Amazon revenue surges on holiday season boost

cbc news - Thu, 02/01/2018 - 16:16

Amazon.com Inc reported better-than-expected quarterly profit and revenue on Thursday, driven by a surge in online shopping during the holiday season and strong demand for its cloud services.

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'Keep checking the mailroom,' Sobeys tells George Weston over price-fixing claim

cbc news - Thu, 02/01/2018 - 14:54

The CEO of Sobeys Inc. says George Weston Ltd. "should keep checking the mailroom" for upcoming legal action for unfairly implicating the grocery chain in an alleged industry-wide bread price-fixing scheme.

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WestJet's Swoop will take off in June with lower-cost flights between five cities

cbc news - Thu, 02/01/2018 - 13:25

WestJet announced the schedule for its new “ultra-low-cost” airline Swoop on Thursday, which will include flights between five Canadian cities.

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Users complain of issues after launch of PC Optimum rewards program

cbc news - Thu, 02/01/2018 - 11:36

The merger of two of Canada's most popular royalty rewards programs — PC Plus points and Shoppers Optimum — faced issues on Thursday as members complained about their inability to register or access the new program online.

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Elon Musk's company sells out all 20,000 flame-throwers

cbc news - Thu, 02/01/2018 - 11:07

If you really had your heart set on buying that $500 US flame-thrower from tech entrepreneur Elon Musk, you're too late.

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Aeroplan-owner Aimia selling Nectar loyalty program for $105M to U.K.'s Sainsbury

cbc news - Thu, 02/01/2018 - 09:37

Aimia Inc. said Thursday it has sold its Nectar loyalty program to U.K. supermarket group J Sainsbury PLC for approximately $105 million.

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Toyota recalling 4,570 vehicles in Canada over air bag issue

cbc news - Thu, 02/01/2018 - 09:07

Toyota is recalling about 645,000 vehicles worldwide — affecting about 4,570 cars in Canada — to fix an electrical problem that could stop airbags from inflating in a crash.

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Canadian augmented and virtual reality industry lacks homegrown investors

cbc news - Thu, 02/01/2018 - 08:48

Canada's augmented and virtual reality industries are in 'desperate' need of homegrown investors to keep profits from seeping across the border and overseas, according to some of the country's top innovators in the sector.

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Toronto celebrates Black History Month

City of Toronto - Thu, 02/01/2018 - 08:04
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Worried about U.S. scrapping NAFTA? A Calgary think tank has a just-in-case guide for businesses

cbc news - Thu, 02/01/2018 - 06:00

A Calgary-based think tank has launched a guide to help small business owners prepare for the possible end of the North American Free Trade Agreement (NAFTA).

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Fintrac's money-laundering penalties in limbo after court ruling

cbc news - Thu, 02/01/2018 - 04:00

Fintrac, a federal watchdog agency that guards against money laundering and terror financing, was dealt a blow when the Federal Court of Appeal ruled its penalty system needed an overhaul. Almost two years later, that overhaul is still underway — and the agency meanwhile is unable to levy fines.

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Market instability comes at an inconvenient time for Canada's financial industry: Don Pittis

cbc news - Thu, 02/01/2018 - 04:00

This week's market stutter is a reminder that stocks don't just go up, and that the economy and securities markets are two separate beasts.

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Amazon, RCMP on the case as unsolicited deliveries of sex toys, other items cause concern on campus

cbc news - Thu, 02/01/2018 - 04:00

Amazon and the RCMP have each launched investigations to try to figure out why university student unions across the country are receiving packages from anonymous senders containing items such as sex toys, cameras, record players, dog toys and a red cape.

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Facebook's user engagement dips on news feed tweaks

cbc news - Wed, 01/31/2018 - 16:25

Facebook reported slightly slower-than-expected growth in daily active users in the latest quarter and said changes made to the News Feed reduced the time spent by users by about 50 million hours every day.

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Fed leaves rates unchanged, sees inflation rising this year

cbc news - Wed, 01/31/2018 - 14:10

The U.S. Federal Reserve kept interest rates unchanged on Wednesday but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing costs again in March under incoming central bank chief Jerome Powell.

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Bakers, grocers met to reach deals on bread prices, competition watchdog alleges

cbc news - Wed, 01/31/2018 - 12:58

Newly released court documents related to an alleged industry-wide bread-price fixing case show the Competition Bureau believes at least seven companies, including Canada's three major grocers, committed indictable offences under the Competition Act.

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