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Amazon pitches takeover of high-end grocery chain Whole Foods

cbc news - Fri, 06/16/2017 - 09:18

Online selling giant Amazon is buying high-end grocery store chain Whole Foods for $42 US a share in a deal worth $13.7 billion, the two companies said Friday.

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'It sucks': WestJet bumps N.S. cycling team from flight, costing athletes expensive training time

cbc news - Fri, 06/16/2017 - 05:00

Ten members of Nova Scotia’s provincial cycling team are so upset with their recent experience with WestJet, they’re planning to take the airline to court. WestJet says it had to bump the group from a flight due to bad weather.

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Hard Brexit would be 'utterly mad' and Trump is 'dangerous,' Richard Branson says

cbc news - Thu, 06/15/2017 - 16:31

A hard Brexit of the United Kingdom for the European Union would be "absolutely and utterly mad" for both sides and politicians who think otherwise need to "knock some sense into their heads," jet-setting entrepreneur Richard Branson says.

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EU does away with wireless roaming charges starting today

cbc news - Thu, 06/15/2017 - 13:15

As of June 15, there will officially be no more extra fees for using an EU handset in another EU country, the dreaded roaming charges that could add hundreds of dollars to a vacation bill.

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Home Capital shares surge after OSC settlement, talk of financing deal

cbc news - Thu, 06/15/2017 - 11:58

Shares in alternative lender Home Capital surged on Thursday after media reports suggested the company was close to a deal for new financing following the end of an OSC investigation.

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CRTC bans cellphone unlocking fees, orders all new devices be unlocked

cbc news - Thu, 06/15/2017 - 11:54

As of Dec. 1, Canadians will no longer have to pay cellular providers to unlock their phones, and as of that date, providers must do the work free of charge, the CRTC has announced.

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Rise of the machines: Canadian retailers on 'cusp' of using more robotics

cbc news - Thu, 06/15/2017 - 10:57

A small number of Canadian retailers have already embraced robotics technology. Others have been reluctant to follow suit, experts say, due to a lack of investment, a lack of access to the technology and for a long time, a lack of competition.

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Fiat Chrysler recalls 297,000 Dodge minivans because air bag can inflate unexpectedly

cbc news - Thu, 06/15/2017 - 10:23

Fiat Chrysler says the air bag wiring can chafe against steering wheel trim, causing a short circuit. Drivers could see an air bag warning light, the windshield wipers may turn on unexpectedly or the speed control may not work.

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Surge in e-shopping blamed for Canada Post delivery delays

cbc news - Thu, 06/15/2017 - 10:00

An explosion in the popularity of buying small, low cost items online from China has caused a huge delay in processing of packages by CBSA and delivering by Canada Post.

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Nature's Path recalling granola for possible listeria contamination

cbc news - Thu, 06/15/2017 - 09:59

Nature's Path Foods Inc. is recalling Nature's Path brand Coconut & Cashew Butter Crunchy Granola from store shelves due to possible Listeria contamination.

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Canadian home sales in May mark biggest monthly drop since 2012

cbc news - Thu, 06/15/2017 - 09:55

There were six per cent fewer homes sold in Canada in May compared to the previous month, the biggest monthly drop in nearly five years, but prices continued to climb.

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Netflix tax? Trudeau says no to MPs' proposed broadband Internet levy

cbc news - Thu, 06/15/2017 - 08:23

Prime Minister Justin Trudeau has flatly rejected a controversial recommendation from a parliamentary committee calling for a five per cent tax on broadband Internet services.

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University lecturer faces discipline over alleged bad investments that cost clients $324K

cbc news - Thu, 06/15/2017 - 07:00

A financial adviser who teaches University of Regina business students how to manage investments is being prosecuted by an investment industry watchdog for allegedly mishandling the money of single mothers and retirees.

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Kinder Morgan may still offer pipeline ownership to Indigenous groups

cbc news - Thu, 06/15/2017 - 05:00

The chief executive of Kinder Morgan Canada said he tried behind the scenes to allow Indigenous groups in British Columbia to have an ownership stake in a new multibillion-dollar oil export pipeline, but such a deal never came together.

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Reluctant borrowers force-fed Dr. Yellen's bitter pill: Don Pittis

cbc news - Thu, 06/15/2017 - 05:00

Almost everyone loves a central bank when it's cutting rates. Raising rates is essential medicine, but it's hard to swallow.

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Home Capital to pay $29.5M to settle OSC, class-action matters

cbc news - Wed, 06/14/2017 - 21:20

Home Capital Group says it has reached an agreement to pay $29.5 million to settle Ontario Securities Commission and class-action lawsuit matters related to allegations of misleading disclosure.

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