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Today might be Tax Freedom Day — depending who you ask

cbc news - Fri, 06/09/2017 - 05:00

The average Canadian pays so much in taxes that all their earnings so far this year have been eaten up by government coffers, according to the Fraser Institute. But critics say the fuzzy math behind that theory doesn't add up under scrutiny.

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WestJet boasts it doesn't overbook flights in ad targeting airlines that do

cbc news - Fri, 06/09/2017 - 05:00

WestJet's latest ad campaign boasts that it doesn't overbook flights and bump passengers — at the same time, taking aim at airlines that do. The blitz follows a wave of media reports about angry passengers speaking out about being bumped.

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Hudson's Bay Co. cutting 2,000 jobs amid reorganization

cbc news - Thu, 06/08/2017 - 16:48

Hudson's Bay Co. is cutting roughly 2,000 jobs as part of a reorganization, as the retailer reported lower quarterly sales and a deeper loss.

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What does a CEO look like? New female 'Foundation 500' list challenges stereotypes

cbc news - Thu, 06/08/2017 - 11:49

From a Peruvian trout farm manager to the head of an Indonesian meatball company, a list of 500 women entrepreneurs in emerging markets was launched on Thursday to challenge the stereotype of a typical company boss and inspire women globally.

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Food, families and flights: anxiety and confusion descend on Qatar

cbc news - Thu, 06/08/2017 - 10:56

Some Qataris fear Saudi's closure of Qatar's only land border on Monday could lead to price hikes and food shortages in the import-dependent country amid an ongoing diplomatic fight.

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Bank of Canada set to give update on housing, debt and other risks to economy

cbc news - Thu, 06/08/2017 - 10:07

The Bank of Canada is set to release today its Financial System Review, the central bank's twice-a-year assessment of the risks facing the economy. CBC will stream central bank governor Stephen Poloz's media address starting about 11:15 a.m. ET.

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Average Canadian owes $21,696 on top of any mortgages, according to TransUnion

cbc news - Thu, 06/08/2017 - 10:04

Canadian consumers continued to spend on credit in the first three months of 2017, bringing the average non-mortgage debt across the country to $21,696, up 1.9 per cent annually.

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Mortgage rates ticking higher for subprime borrowers

cbc news - Thu, 06/08/2017 - 05:00

Mortgage rates for subprime borrowers have ticked higher in recent weeks, putting a tighter squeeze on borrowers who are least able to afford it.

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Canada needs new investment watchdog: former bank employee

cbc news - Wed, 06/07/2017 - 14:30

Canada needs a federal investment protection agency, separate from the banking and investment industry, to protect Canadian consumers from some of the practices of Canada’s big banks, says a former longtime bank employee.

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Oil prices tumble after surprise jump in U.S. crude supplies

cbc news - Wed, 06/07/2017 - 13:10

The price of oil tumbled Wednesday in the wake of a report that revealed a surprise build-up in U.S. crude supplies last week.

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Flair Airlines buys NewLeaf travel company

cbc news - Wed, 06/07/2017 - 12:50

Flair Airlines has bought NewLeaf Travel Company, the discount flight seller that made headlines last year for offering flights between Canadian markets at rock bottom prices.

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Marijuana is the new crop for B.C. produce company Village Farms

cbc news - Wed, 06/07/2017 - 12:22

A major Canadian producer of greenhouse-grown fruits and vegetables plans to turn at least one of its B.C. greenhouses into an enormous marijuana factory.

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Abu Dhabi port eases restrictions on oil tankers going to and from Qatar

cbc news - Wed, 06/07/2017 - 11:15

Abu Dhabi port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and shipping circulars seen by Reuters on Wednesday.

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Canada must go further to reduce risk from expensive housing: OECD

cbc news - Wed, 06/07/2017 - 09:36

The OECD is calling on Canada to do more to address risks associated with high-priced housing markets in cities such as Toronto and Vancouver.

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Pot's gender problem: few women are in charge at Canadian marijuana companies

cbc news - Wed, 06/07/2017 - 09:13

Since co-founding the Green Organic Dutchman, a medical cannabis producer based in Ancaster, Ont., Jeannette VanderMarel says she has often found herself the only woman in a room full of men.

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