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Second Cup CFO to leave, follows exit of CEO

cbc news - Fri, 05/12/2017 - 10:40

Second Cup Ltd. says its chief financial officer has decided to leave the company at the end of June, the second high-ranking executive departure announced by the coffee company this week.

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Priming the fact-checking pump: A second look at Trump's interview with The Economist

cbc news - Fri, 05/12/2017 - 08:56

In an interview with The Economist, President Donald Trump whiffed on a batch of economic facts Thursday, getting the Canada-U.S. trade balance wrong, misplacing the U.S. in the world ranks of tax burdens and claimed to have coined an economic phrase that's been familiar to economists for some 80 years. Here's some fact-checking via the Associated Press of some of his assertions to the magazine.

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It's time to plan your 2020 choice: Aeroplan or Air Canada's new loyalty program?

cbc news - Fri, 05/12/2017 - 05:00

Air Canada is splitting from rewards program, Aeroplan, and launching its own version in 2020. Passengers don't have to make any moves yet but they may want to start thinking about where they want to reap their travel rewards.

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While ratings agencies watch Canadian banks, we should watch them: Don Pittis

cbc news - Fri, 05/12/2017 - 05:00

What does it mean that a foreign company has downgraded Canadian banks again?

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Home Capital report casts doubt on its future as a going concern

cbc news - Thu, 05/11/2017 - 20:35

Home Capital Group, Canada's biggest non-bank lender, said on Thursday that uncertainty around its future funding capabilities had cast doubt about whether it would be able to continue as a going concern.

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WestJet pilots union may take flight Friday

cbc news - Thu, 05/11/2017 - 18:28

For the second time in under two years, WestJet pilots are deciding whether to form a union, with the results due Friday.

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'A very disheartening day': Most of Canada's regulators abandon plan to put your financial interests first

cbc news - Thu, 05/11/2017 - 17:52

All but two of the securities regulators across Canada are abandoning talks to introduce a “best interest” standard, which would hold those who provide financial advice accountable for the recommendations they make to clients.

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With his new trade representative in place, Trump eyes 'massive' NAFTA changes

cbc news - Thu, 05/11/2017 - 14:54

U.S. President Donald Trump says he's ready to start a major renegotiation of the North American Free Trade Agreement, now that his trade czar has achieved his long-awaited confirmation by the U.S. Senate.

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EU judge: Uber is in the business of transportation, not information

cbc news - Thu, 05/11/2017 - 14:26

A top European Union judge says the ride-hailing service Uber is a transportation company and could be required to obtain licences and permits under national law in the 28 EU member states. The legal opinion could be a problem for Uber's European operations.

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EU demands urgent talks with Washington over airline laptop ban

cbc news - Thu, 05/11/2017 - 14:12

The European Union has demanded urgent talks with the United States over a possible extension of a ban on passengers taking laptops into the cabins of commercial aircraft to include some European countries, saying any threats faced are common.

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Telus boosts dividend, raises 2017 outlook

cbc news - Thu, 05/11/2017 - 12:51

Vancouver-based Telus says its quarterly dividend will increase to 49.25 cents per common share, and that it is boosting the top end of its estimated earnings range for the year by two cents a share.

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Air Canada to part with Aeroplan and launch its own points program in 2020

cbc news - Thu, 05/11/2017 - 08:42

Air Canada will start its own loyalty program in 2020, but the company says consumers will still be able to use already-earned Aeroplan miles for flights after the new plan gets underway.

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Moody's downgrades credit ratings for Canada's Big 6 banks

cbc news - Thu, 05/11/2017 - 08:30

Moody's says high debt levels and soaring house prices could be bad news for Canada's big banks, so has downgraded their credit ratings.

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Bombardier's Pierre Beaudoin stepping down as executive chair

cbc news - Thu, 05/11/2017 - 06:31

​Bombardier executive chair Pierre Beaudoin will resign effective June 30, but will stay on as non-executive chair, the company says in a release ahead of its annual meeting in Montreal.

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Home Capital investors are victims of Canadian real estate uncertainty: Don Pittis

cbc news - Thu, 05/11/2017 - 05:00

Investors look for someone to blame as Home Capital offers its delayed results today.

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Stop being a 'safe haven': How Canada could do a better job keeping 'dirty money' out of the country

cbc news - Thu, 05/11/2017 - 05:00

The discovery of $2 million sent to Canadians from a suspected money-laundering network designed to hide dirty Russian money highlights the weaknesses of a financial intelligence system with too many loopholes and not enough teeth, say experts.

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