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Pace of cord-cutting is increasing in Canada, new report says

cbc news - Wed, 04/19/2017 - 12:00

The decline in the number of Canadian television subscribers and the growth in households that are either cord cutters or have never been traditional TV subscribers is accelerating, according to a new report.

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Judge blocks Metrolinx from cancelling Bombardier rail contract for now

cbc news - Wed, 04/19/2017 - 11:43

Metrolinx can't just tear up its $770-million contract with Bombardier for light rail vehicles, a Toronto judge has ruled.

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Emirates cuts flights to U.S. in wake of electronics travel ban

cbc news - Wed, 04/19/2017 - 11:10

The biggest airline in the Middle East says it will offer fewer flights to the U.S. starting now, a direct response to dwindling demand following new U.S. rules banning electronics in the cabin on flights from certain destinations.

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Mobil brand of gas stations to launch in Canada after deal for 213 Loblaws-owned locations

cbc news - Wed, 04/19/2017 - 08:49

Loblaw is selling its network of 213 gas stations and attached convenience stores to a unit of TSX-listed Brookfield Business Partners for $540M.

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How oilsands facilities prepare in case of another wildfire

cbc news - Wed, 04/19/2017 - 05:00

With the one year anniversary of the wildfire a few weeks away and another hot summer approaching, oil and gas companies are working to improve their protection and response in case of another monumental fire.

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Alberta-based Parkland Fuel buying Chevron Canada fuel business for nearly $1.5B

cbc news - Tue, 04/18/2017 - 19:08

Parkland Fuel Corp. says it will pay $1.46 billion to acquire Chevron Canada's fuel business, including 129 gas stations in the Vancouver area and a refinery in Burnaby, B.C.

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Subway files defamation suit against CBC over chicken reports

cbc news - Tue, 04/18/2017 - 18:54

Subway has filed a defamation lawsuit against the CBC alleging reports about the sandwich chain's chicken have caused it to suffer significant sales losses. Subway is seeking $210 million in damages.

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'The hype was crazy': In Toronto's real estate lottery, the winners pity the losers

cbc news - Tue, 04/18/2017 - 16:56

As some Toronto-area homeowners cash out of their ultra-valuable houses, a Tuesday meeting between federal, provincial, and municipal leaders resulted in no major actions to address the scorching hot real estate market in the Greater Toronto Area.

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Rise of the machines: Bank of Canada warns of automation's side effects

cbc news - Tue, 04/18/2017 - 15:17

A senior Bank of Canada official says while the country's poised to reap economic benefits from technological progress — it must prepare for painful "side effects" like job losses and greater income inequality.

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United CEO says no one will be fired for dragging incident

cbc news - Tue, 04/18/2017 - 14:34

CEO of United Airlines says no one will be fired over the dragging of a man off a plane — including himself.

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Strong start to 2017 bodes well for Canada, International Monetary Fund says

cbc news - Tue, 04/18/2017 - 14:06

The International Monetary Fund is forecasting that Canada's gross domestic product will grow by 1.9 per cent this year, unchanged from its previous forecasts in October and January

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Small B.C. winery goes up against Loblaw Canada over the name Ziggy

cbc news - Tue, 04/18/2017 - 12:16

A family-run winery in B.C. is going up against supermarket giant Loblaw in a trademark battle over the name of its award-winning vintage dry wine.

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Transcontinental selling 93 newspapers in Ontario and Quebec

cbc news - Tue, 04/18/2017 - 11:38

Montreal-based printing company Transcontinental Inc. said Tuesday it is putting its 93 local and regional newspapers in Quebec and Ontario up for sale.

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New Trump executive order targets high-skilled workers on special visas

cbc news - Tue, 04/18/2017 - 09:43

U.S. President Donald Trump is planning to sign an executive order that seeks to make changes to a visa program that brings in high-skilled workers.

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Hot Toronto market helps pull national average home price up 8% to over $548K in March

cbc news - Tue, 04/18/2017 - 09:25

Canadian home prices continue to march higher, with the average up to $548,517 last month. The national figure continues to be skewed higher by hot activity in and around Toronto.

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Toronto housing summit comes as tight supply has buyers looking farther outside GTA

cbc news - Tue, 04/18/2017 - 05:00

Finance Minister Bill Morneau will meet with his Ontario provincial counterpart Charles Sousa and Toronto Mayor John Tory on Tuesday to discuss a housing affordability crisis that realtors say is caused by lack of supply and pushing would-be homeowners farther and farther away from downtown in their zeal to buy.

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How an oilsands facility became a makeshift hospital during the wildfire

cbc news - Tue, 04/18/2017 - 05:00

Mavis Ure describes the experience as a "crazy, crazy, crazy day" when she and her newborn twins were forced to leave the hospital as a wildfire roared toward Fort McMurray nearly a year ago.

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