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Veteran investor Marc Faber booted from Sprott board after racist comments

cbc news - Tue, 10/17/2017 - 15:22

Veteran investor Marc Faber was asked to resign from the board of directors at Sprott Inc. after comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people.

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Dow Jones hits 23,000 mark for the first time

cbc news - Tue, 10/17/2017 - 14:51

The Dow Jones Industrial Average breached the 23,000 mark for the first time on Tuesday, powered by strong earnings from UnitedHealth Group and Johnson & Johnson.

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Canada's supply management is flashpoint in NAFTA talks: Here's why

cbc news - Tue, 10/17/2017 - 14:06

The politically explosive issue of Canadian supply management has emerged again as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade.

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Trump likely to name Fed chair by early November: report

cbc news - Tue, 10/17/2017 - 12:49

U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on Tuesday.

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Marijuana producer Aphria raises $80M, shares fall after TSX notice

cbc news - Tue, 10/17/2017 - 12:19

Shares in Aphria Inc. fell Tuesday as the marijuana producer announced a deal to raise $80 million even as questions swirled about the future of its listing on the Toronto Stock Exchange.

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Self-driving cars could ease traffic, but increase sprawl

cbc news - Tue, 10/17/2017 - 11:16

A new study inspired by Boston's early experiments with self-driving cars finds that the technology could ease congestion, but might also lead to more cars on the road and further encourage urban sprawl.

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Bombardier shares jump as much as 26% on CSeries deal with Airbus

cbc news - Tue, 10/17/2017 - 10:01

Bombardier shares jump as much as 26 per cent in Toronto in the first trading opportunity since news emerged Monday evening that the company had signed a partnership with rival Airbus to make and market its CSeries jets.

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New mortgage rules will require a financial stress test for uninsured borrowers starting in 2018

cbc news - Tue, 10/17/2017 - 09:29

Canada's top banking regulator has published the final version of its new mortgage rules, which include a requirement to "stress test" borrowers with uninsured loans to ensure they could withstand higher interest rates.

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Disability in demand: People with autism offer employers a broader talent pool

cbc news - Tue, 10/17/2017 - 05:00

A Danish company with a global mandate to help employers make the most of untapped autistic talent is helping North American firms make concerted efforts to hire employees with autism who can bring unique skills to the workplace.

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Liberals turn to pasta to move past 3 months of fuss and fury over tax fairness

cbc news - Tue, 10/17/2017 - 05:00

Perhaps — three months after launching their consultation on "tax fairness" — the Liberals have now landed on a set of policy proposals that can be safely implemented.

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Europe's Airbus to buy majority stake in Bombardier CSeries program

cbc news - Mon, 10/16/2017 - 18:42

Bombardier Inc. has announced it will partner with Netherlands-based aerospace giant Airbus on its CSeries program.

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Securities regulator sets out rules for Canadian marijuana stocks with U.S. interests

cbc news - Mon, 10/16/2017 - 17:48

The Canadian Securities Administrators set out "specific disclosure expectations" for marijuana industry firms with investments in the U.S., offering much-anticipated clarity for companies that operate on both sides of the border.

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Loblaw to lay off 500 office staff in drive to cut costs

cbc news - Mon, 10/16/2017 - 16:33

Loblaw Companies Ltd. has begun laying off 500 people from offices across the country, even as the company says it plans to add jobs later this year.

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Netflix adds 5.3 million subscribers and a heavy debt load

cbc news - Mon, 10/16/2017 - 16:28

The billions of dollars that Netflix has borrowed to pay for exclusive series such as House of Cards, Stranger Things and The Crown has helped its service more than triple its global audience during the past four years — leaving it with 109 million subscribers worldwide through September.

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The high cost of smoking: 45,400 dead, $16.2B in economic costs

cbc news - Mon, 10/16/2017 - 16:05

There are more than 45,400 deaths in Canada attributable to smoking and the habit cost the economy $16.2 billion annually in 2012, according a new study from the Conference Board of Canada.

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Yukon chief seeks Trudeau's help to stop U.S. oil drilling in caribou habitat

cbc news - Mon, 10/16/2017 - 15:23

Yukon First Nation Chief Bruce Charlie wants Prime Minister Justin Trudeau to intervene with the White House to stop the latest American push to drill for oil in fragile Arctic caribou habitat.

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U.S. makes 'aggressive' demands to access Canadian dairy market: source

cbc news - Mon, 10/16/2017 - 14:04

The United States is asking Canada to open up its protected dairy market so American farmers can sell more of their products north of the border, CBC News has learned.

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Business sentiment still positive, but less than it was in the summer, Bank of Canada survey finds

cbc news - Mon, 10/16/2017 - 12:07

The Bank of Canada says business sentiment is showing signs of tapering off following the stronger expectations companies held about the future three months ago.

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Lufthansa makes offer to buy bankrupt Alitalia

cbc news - Mon, 10/16/2017 - 11:39

German carrier Lufthansa on Monday said it had prepared an offer to buy the global, European and domestic business of Italy's bankrupt carrier Alitalia.

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Sears Canada warranties won't be honoured after Wednesday, but gift cards live on during liquidation sales

cbc news - Mon, 10/16/2017 - 11:36

Sears Canada announced Monday that extended warranties won't be honoured as of this Wednesday, Oct. 18, a day before all 131 of the chain's stores in Canada begin liquidation sales.

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