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Microsoft cutting thousands of jobs

cbc news - Thu, 07/06/2017 - 14:37

Microsoft is laying off thousands of employees in a shake-up aimed at selling more subscriptions to software applications that can be used on any internet-connected device.

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Cirque du Soleil buying Blue Man Productions

cbc news - Thu, 07/06/2017 - 13:26

The Cirque du Soleil is buying Blue Man Productions, the New York entertainment company best known for the Blue Man Group show, in a bid to reach new audiences.

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Canada's financial regulator proposes ban on bundled mortgage loans

cbc news - Thu, 07/06/2017 - 11:30

Canada plans to ban some bundled residential mortgages to clamp down on risky lending, a regulator said on Thursday, six months after revelations that regulated mortgage providers were teaming up with unregulated rivals to circumvent rules.

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Retired RBC executive to chair new federal infrastructure bank

cbc news - Thu, 07/06/2017 - 11:08

The federal government is hiring the former chief financial officer at one of Canada's largest banks to help oversee its new infrastructure-financing agency. Janice Fukakusa will chair the new board of the Canada Infrastructure Bank.

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Rate hike more likely as exports surge 18% in past year

cbc news - Thu, 07/06/2017 - 09:19

Canada's trade deficit doubled to $1.1 billion in May, even as two-way trade between Canada and the rest of the world surged to a record high.

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Toronto-area home sales plunged 37% in June compared to last year

cbc news - Thu, 07/06/2017 - 09:10

The number of homes sold last month in the Greater Toronto Area plunged a whopping 37.3 per cent compared to the same month a year ago, the city's real estate board said Thursday, weeks after Ontario introduced measures aimed at cooling the housing market.

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Why credit unions will no longer be able to call themselves banks

cbc news - Thu, 07/06/2017 - 05:00

Credit unions across the country are gearing up for a battle of words against the federal government after they were ordered to stop using the terms bank, banker and banking to describe what they do.

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Former Sears employees worry about lost severance, possible reduced pension

cbc news - Thu, 07/06/2017 - 05:00

Sears has already cut off severance and benefit payments to laid-off workers as part of the restructuring process. Retirees could also wind up losing their benefits and perhaps even a portion of their pension.

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Jobs or good jobs? Detail more important than the headline employment stat: Don Pittis

cbc news - Thu, 07/06/2017 - 05:00

Would you want that job? Headline jobless numbers hide important details about job quality.

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Stampede parties no longer fuelled by oilpatch bonanza

cbc news - Thu, 07/06/2017 - 05:00

Calgary Stampede parties aren't what they used to be. According to one party organizer, "As soon as the oil price drops, our phones stop ringing." But the celebrations continue, on a more modest scale.

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Alberta energy regulator wants Supreme Court to review well abandonment ruling

cbc news - Wed, 07/05/2017 - 19:08

Alberta's energy regulator has asked the Supreme Court of Canada to review a ruling that could allow energy companies to walk away from cleaning up abandoned oil wells and affect industrial sites across the country.

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Crude prices snap winning streak, weighs on TSX, Canadian dollar

cbc news - Wed, 07/05/2017 - 16:46

An eight-day winning streak for oil prices ended today amid news that Russia isn't interested in pursuing deeper production cuts.

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Vancouver moves ahead with regulations on short-term rentals

cbc news - Wed, 07/05/2017 - 13:18

Vancouver reveals new steps for regulating short-term rentals

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Jeans retailer True Religion files for bankruptcy protection

cbc news - Wed, 07/05/2017 - 12:45

True Religion Apparel Inc., whose heavily adorned denim jeans have fallen out of fashion, filed for bankruptcy on Wednesday with a deal in hand to slash its debt of about $500 million US and emerge from court protection quickly as a going concern.

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Molson Coors plans to spend up to $500M to build new Montreal brewery

cbc news - Wed, 07/05/2017 - 12:27

Molson Coors plans to spend up to $500 million to build a new Montreal brewery instead of modernizing its 231-year-old facility along the St. Lawrence River.

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Dubai's Emirates, Turkish Airlines off US laptop ban list

cbc news - Wed, 07/05/2017 - 11:25

Emirates and Turkish Airways said on Wednesday they have also been exempted from a U.S. ban on laptops in airplane cabins, joining Etihad in satisfying American security concerns that had cut into the long-haul carriers' business.

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Bro, just stop talking: Prosecutors want court order to stop Shkreli from commenting outside court

cbc news - Wed, 07/05/2017 - 09:46

Prosecutors want a judge to make "Pharma Bro" Martin Shkreli stop talking and filed a motion on Monday asking that he and all attorneys in his criminal case be ordered to refrain from making any statements outside court.

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