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Boeing to decide next step after seeing rationale behind Bombardier win

cbc news - Wed, 01/31/2018 - 11:45

Boeing says it is waiting for the U.S. International Trade Commission to publish reasons for its trade dispute decision favouring Bombardier before deciding its next steps, including whether to launch a new petition.

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Alberta premier threatens economic retaliation against B.C. over bitumen restrictions

cbc news - Wed, 01/31/2018 - 11:39

Alberta Premier Rachel Notley denounced as "unconstitutional" an effort by the B.C. government to delay construction of the Trans Mountain pipeline expansion, and threatened Wednesday to retaliate economically.

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Canadian drillers move rigs south to chase better prospects in Texas oilfields

cbc news - Wed, 01/31/2018 - 10:39

A growing number of Canadian drilling rigs are being moved south of the border to take advantage of brighter prospects for oil and gas in the United States — and observers say it's unlikely they will ever return home.

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U.S. agencies reported to be probing Apple over slowing iPhones

cbc news - Wed, 01/31/2018 - 09:19

The U.S. Department of Justice and the Securities and Exchange Commission are investigating whether Apple Inc violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, according to a published report.

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Canadian economy grew by 0.4% in November: Statistics Canada

cbc news - Wed, 01/31/2018 - 08:46

The Canadian economy grew by 0.4 per cent in November, Statistics Canada reported Wednesday, in a growth reading that matched the expectations of most economists.

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Global markets rebounding after two-day drop

cbc news - Wed, 01/31/2018 - 07:48

World stocks pulled out of a two-day dive and were eyeing their second best start to a year ever on Wednesday, while the U.S. dollar came under renewed pressure ahead of the Federal Reserve's first meeting of the year.

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Trudeau says Canada has a 'Plan C and D and E and F' if Trump pulls out of NAFTA

cbc news - Wed, 01/31/2018 - 04:00

Prime Minister Justin Trudeau says he doesn't believe U.S. President Donald Trump will pull out of the North American Free Trade Agreement, but Canada has multiple contingency plans ready if trade talks go south.

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Alberta urged to require licensed land agents as wind and solar boom takes off

cbc news - Wed, 01/31/2018 - 04:00

An Alberta surface rights advocate says the province should apply licensing rules for land agents working for renewable energy companies just as it does for oil and gas landmen.

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Thomson Reuters to partner with CPPIB, Blackstone and GIC in $25B deal

cbc news - Tue, 01/30/2018 - 18:25

Thomson Reuters Corp. has entered into a partnership agreement with a group including Canada's largest pension fund to assume a 55 per cent equity stake in its financial and risk business — a deal valued at $24.7 billion.

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B.C. creates more uncertainty for Trans Mountain with bitumen restriction

cbc news - Tue, 01/30/2018 - 15:21

The B.C. government is proposing to restrict new transportation of diluted bitumen — a diluted type of crude oil from Alberta — as part of a second phase of regulations to improve the province's preparedness and response to potential oil spills.

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Metro adding self-checkout units and testing Scan-and-Go to deal with wage hikes

cbc news - Tue, 01/30/2018 - 14:45

Metro Inc. will soon test scan-and-go technology and increase the number of self-checkout machines in its grocery stores as it looks to offset higher minimum wages in Ontario and Quebec.

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Ex-prime minister Mulroney before U.S. Senate committee LIVE

cbc news - Tue, 01/30/2018 - 14:30

Brian Mulroney testifies to the Senate foreign relations committee on 'The Economic Relationship Between the United States, Canada, and Mexico'

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Shaw offers buyout packages to 6,500 employees as it looks to cut workforce

cbc news - Tue, 01/30/2018 - 13:49

Shaw Communications has announced a massive staff-reduction program that asks some 6,500 employees to consider taking voluntary buyouts as the company reduces the size of its staff.

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Canada's housing market is still 'highly vulnerable,' CMHC says

cbc news - Tue, 01/30/2018 - 12:25

Canada Mortgage and Housing Corp. says the country's housing markets remain "highly vulnerable" overall for the sixth consecutive quarter with evidence of overvaluation and price acceleration, despite some improvements seen in Winnipeg and Saskatoon.

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Coincheck hackers attempting to sell stolen cryptocurrency: executive

cbc news - Tue, 01/30/2018 - 11:43

Hackers behind last week's $530 million US cryptocurrency heist - one of the biggest ever - have started trying to sell some of the stolen "XEM" coins, the vice president of the foundation behind the digital currency said on Tuesday.

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Canadian media mogul Jay Switzer dies at 61

cbc news - Tue, 01/30/2018 - 11:02

Canadian media honcho Jay Switzer has died, with his family at his side after a short battle with brain cancer.

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Canada joins global market sell-off as investors turn cautious

cbc news - Tue, 01/30/2018 - 10:35

Canadian shares traded lower this morning, following the global trend, as investors turned cautious after an impressive start to the year led to record highs.

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3 major U.S. companies team up on employee health-care plan they say won't focus on profits

cbc news - Tue, 01/30/2018 - 09:20

Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care "at a reasonable cost."

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