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Canada's trade deficit widens to $3.4 billion in August

cbc news - Thu, 10/05/2017 - 10:24

Statistics Canada says the country's trade deficit increased to $3.4 billion in August compared with a $3.0-billion deficit in July.

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TransCanada kills Energy East, Eastern Mainline pipeline projects

cbc news - Thu, 10/05/2017 - 07:49

TransCanada says it won't proceed with its Energy East pipeline and Eastern Mainline proposals.

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'Sears is doomed': Why former execs doubt troubled retailer can survive

cbc news - Thu, 10/05/2017 - 05:00

Some retail experts believe even if Sears Canada succeeds in striking a deal with a buyer, the retailer is destined to shut its doors.

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Possible liquidation looms as Sears Canada faces deadline on revised takeover bid

cbc news - Wed, 10/04/2017 - 15:08

Sears Canada has until Oct. 13 to assess a revised bid from a buyer group led by its executive chairman or face liquidation in the coming weeks.

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EU orders Amazon to pay back taxes, takes Ireland to court over failure to collect from Apple

cbc news - Wed, 10/04/2017 - 13:38

Amazon has to pay 250 million euros in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states.

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Shopify shares down 8% as short seller calls firm 'get rich quick scheme'

cbc news - Wed, 10/04/2017 - 12:28

Shares in Shopify were down by as much as eight per cent on Wednesday after a high-profile American short seller said most of the 500,000 businesses the company works with aren't legitimate.

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Uber undercuts ex-CEO, other early investors in power play

cbc news - Wed, 10/04/2017 - 11:56

Uber is curbing the power of former CEO Travis Kalanick and taking on Japan's SoftBank Group as a major new investor as the ride-hailing service tries to recover from internal strife and a myriad of legal headaches.

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Puerto Rico benchmark bond drops to record low after Trump remark

cbc news - Wed, 10/04/2017 - 11:03

The price of Puerto Rico's benchmark general obligation bonds tumbled to a record low on Wednesday after U.S. President Donald Trump suggested late on Tuesday the island's massive debt load will have to be wiped out due to devastation caused by Hurricane Maria.

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Equifax ex-CEO faces 2nd day of questioning over cyberhack

cbc news - Wed, 10/04/2017 - 10:02

The recently departed CEO of Equifax faces a second round of tough questions on Wednesday from lawmakers eager to hear about what he and company executives knew about the breach — and when.

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Toronto real estate sales for September tumble 35% from last year, but prices up

cbc news - Wed, 10/04/2017 - 07:00

Overall home sales in September were down in the Greater Toronto Area over the same time last year but condo prices continue to rise, according to figures released Wednesday morning by the Toronto Real Estate Board.

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Sears Canada employee hardship fund missing $200K

cbc news - Wed, 10/04/2017 - 05:00

A $500,000 hardship fund created for former Sears Canada employees is facing a possible $200,000 shortfall, according to court documents.

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Banking regulator sees potential risks in high home prices, debt loads

cbc news - Tue, 10/03/2017 - 17:15

Stricter regulations aimed at tightening mortgage lending to take some of the risk out of the market will be finalized by the end of the month, the federal financial regulator said Tuesday.

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Uber CEO pitches fresh start with London officials even as board turmoil looms

cbc news - Tue, 10/03/2017 - 15:23

Uber is promising to make things right in London after its new global boss had a "constructive" meeting with the city's transport regulator to try to hold on to the app's operating licence in one of its main foreign markets.

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Warren Buffett's latest bet: truck stops

cbc news - Tue, 10/03/2017 - 12:33

Warren Buffett's company, Berkshire Hathaway, is acquiring a major stake in Pilot Flying J truck stops, which has 750 outlets in 44 states and Canada.

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Sears Canada time running out, chairman may not have time to strike deal: monitor

cbc news - Tue, 10/03/2017 - 11:24

The court-appointed monitor for Sears Canada is warning that its available funds are running low and there may not be enough time to reach an acceptable deal with a buyer group headed by its executive chairman, Brandon Stranzl.

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Equifax's former CEO expresses regret for data breach, vows change

cbc news - Tue, 10/03/2017 - 10:20

The former chairman and CEO of Equifax says the challenge of responding to the concerns of tens of millions of consumers in the wake of a massive data breach proved overwhelming, and regrettably, his company made mistakes.

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