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Nearly 1 in 5 borrowers would fail new mortgage stress test rules, industry body says

cbc news - Tue, 12/05/2017 - 10:16

New rules aimed at cracking down on the mortgage market will result in 100,000 people failing a stress test of their finances, and about half of them will be blocked from buying a home, according to a new report by a mortgage industry group.

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BMO raises dividend to 93 cents a share despite lower profit

cbc news - Tue, 12/05/2017 - 09:11

The Bank of Montreal posted a quarterly profit of $1.2 billion in the fourth quarter, a drop of 9 per cent from last year's level.

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Once bitten twice shy as markets wait for Poloz interest statement: Don Pittis

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

In September the Bank of Canada shocked markets with a rate rise after GDP jumped. Could last week's jobs numbers make them do it again?

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Cellphone unlocking charges and unreadable contracts are now banned

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

The big breakthroughs in Canada's new wireless code are a ban on cellphone unlocking fees and a rule that teenage users cannot give permission for extra data or roaming charges. Other changes include a 15-day trial on any contract and rules to make contracts understandable.

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Social housing providers build Canada's greenest apartments

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

You don't need to be wealthy to live in a green dream home. Affordable housing providers are pioneering the design and construction of some of Canada's greenest apartment buildings and renting the units to people with disabilities for less than $500 a month.

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Aphria set to be Shoppers Drug Mart's cannabis supplier with new agreement

cbc news - Mon, 12/04/2017 - 17:24

The company says the deal is subject to Health Canada approving Shoppers Drug Mart's application to sell medical marijuana.

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U.S. SEC files charges against Quebec cryptocurrency firm

cbc news - Mon, 12/04/2017 - 17:07

The U.S. Securities and Exchange Commission has filed charges against a Quebec firm that deals in a cryptocurrency called PlexCoin.

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Brexit talks stall over how to handle Irish border

cbc news - Mon, 12/04/2017 - 17:02

Britain and the European Union were close to an agreement over their Brexit divorce on Monday, until talks fell apart over the issue of the Irish border.

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November pickup sales remain strong, but car sales drop 10% from 2016

cbc news - Mon, 12/04/2017 - 12:14

The number of new cars and light trucks sold in Canada last month dipped lower compared with a year ago, according to sales figures compiled by DesRosiers Automotive Consultants.

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Justin Trudeau's great expectations clash with reality in China: Chris Hall

cbc news - Mon, 12/04/2017 - 12:01

Prime Minister Justin Trudeau's trade minister, François-Philippe Champagne, insisted during an interview Sunday that issues remained to be worked out. But few people were buying the line. Most business leaders, diplomats and political pundits thought this week's trip to China would produce an announcement.

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Got some new 'smart luggage?' You may not be able to take it on the plane

cbc news - Mon, 12/04/2017 - 11:45

American Airlines and other carriers are cracking down on so-called "smart luggage" that comes equipped with GPS technology and in some cases even a motor, as the lithium ion batteries in the cases can present a fire risk.

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Office holiday parties coming under scrutiny as workplace harassment scandals spread

cbc news - Mon, 12/04/2017 - 11:44

With a series of high-profile workplace sexual harassment scandals on their minds, employers are making sure their holiday office parties don't become part of the problem.

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Keystone leak probe points to damage from 3,000-kg weight commonly used to secure pipelines

cbc news - Mon, 12/04/2017 - 10:46

A U.S. regulator's preliminary investigation into the biggest oil pipeline spill this year has raised a red flag that could trigger an extensive and costly inspection of tens of thousands of miles of underground energy lines.

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U.S. drug store chain CVS offers $69B for health insurer Aetna

cbc news - Mon, 12/04/2017 - 08:53

Drugstore operator CVS is making a US $69 billion offer for insurer Aetna as it tries to position itself as a one-stop shop for Americans' health care needs with prescription drugs, clinics and insurance plans to cover those goods and services.

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Canada in talks with Trump officials over fresh demands to curb phoney goods

cbc news - Mon, 12/04/2017 - 05:00

CBC News has obtained an internal document showing that Trudeau government officials are ready to compromise with the Trump administration over counterfeit goods. It's a turnabout from the previous Conservative government, which stood firm against the same U.S. demands.

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The high cost of cheap electricity: Don Pittis

cbc news - Mon, 12/04/2017 - 05:00

In Canada, the low cost of generating new power is no short-term bargain.

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The money machines we love to hate: profits soar at Canada's big banks

cbc news - Mon, 12/04/2017 - 05:00

Canadians love to hate the country's biggest banks. But amid the seething over high fees and aggressive sales tactics, many forget that just about all of us own bank stocks, whether we think we do or not.

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Quebec has $36M bailout for newspapers

cbc news - Sun, 12/03/2017 - 13:45

The Quebec government will announce on Monday details of its $36-million plan to support the province's beleaguered newspaper industry.

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Unionized Halifax Shipyard workers to vote on strike mandate

cbc news - Sun, 12/03/2017 - 07:00

Members of Unifor Marine Workers Local 1 who work at the Halifax Shipyard are voting this afternoon on whether to give their negotiating team a strike mandate.

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