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Bank of Canada weighs merits of creating a digital currency

cbc news - Thu, 11/30/2017 - 12:45

The Bank of Canada is considering the merits of establishing a digital currency as interest in cryptocurrencies like Bitcoin reaches a fevered pitch.

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Enbridge to sell $3B in assets, pay higher dividends

cbc news - Thu, 11/30/2017 - 12:21

Shares of Enbridge Inc. popped higher in early trading after the company announced plans to raise its dividend, issue shares and sell off at least $3 billion in assets next year.

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'Open banking' holds promise but cybersecurity fears loom for Canadian banks

cbc news - Thu, 11/30/2017 - 11:36

Customers have increasingly moved away from physical bank branches towards online and mobile apps, but banking has yet to reach its 'Uberization'" moment, one that breaks down traditional models to usher in new innovations, as Uber has done for the taxi industry.

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OPEC leaders put on a united front at Vienna meeting, but Russian question remains

cbc news - Thu, 11/30/2017 - 10:14

Oil prices rally as oil ministers at a meeting of the OPEC oil cartel in Vienna are uncharacteristically united about the prospect of continuing production cuts that have helped push prices up more than 20 per cent this year.

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CIBC profit jumps 25% in 4th quarter to record $4.7B for the year

cbc news - Thu, 11/30/2017 - 09:04

CIBC is reporting net income of $1.16 billion in its fourth quarter, up 25 per cent from $931 million during the same period last year, on strong performances across its divisions.

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TD Bank profit rises to $2.7B in fourth quarter

cbc news - Thu, 11/30/2017 - 08:47

TD Bank earned $2.71 billion in its latest quarter, up from $2.30 billion a year ago, boosted by its Canadian and U.S. retail banking business.

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Seasonal employment adds to a tight job market that may not last: Don Pittis

cbc news - Thu, 11/30/2017 - 05:00

Seasonal work teaches valuable skills and may help push up wages. But the OECD and Bank of Canada worry surging jobs demand could end too soon.

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Alberta's oilpatch is heating up again

cbc news - Wed, 11/29/2017 - 18:02

New technology and a stable price of oil have combined to make Alberta's Duvernay Formation one of the hottest energy plays around, attracting billions in investment and spurring a comeback for the province's beleaguered energy sector.

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Over 15,000 American Airlines flights in December have no pilots assigned: union

cbc news - Wed, 11/29/2017 - 15:02

Thousands of December flights on American Airlines do not yet have pilots scheduled to work because of a system scheduling error, the carrier's pilots union said as it gears up for one of the busiest travel periods of the year.

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CanniMed adopts shareholder rights plan in takeover fight with Aurora Cannabis

cbc news - Wed, 11/29/2017 - 12:42

CanniMed Therapeutics says it has adopted a shareholder rights plan in a bid to defend itself against a hostile takeover offer by Aurora Cannabis, with the company saying it will allows its shareholders to vote on its own purchase of Newstrike Resources.

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Bubble trouble? Bitcoin tops $11,000 after surging $1,000 in 12 hours

cbc news - Wed, 11/29/2017 - 10:53

Bitcoin zoomed past $11,000 US to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 US in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion.

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OPEC and allies likely to extend production cuts at meeting

cbc news - Wed, 11/29/2017 - 10:32

With crude prices at two-year highs, OPEC and allied oil producing-nations appear ready to agree to extend their output cuts at a meeting Thursday after Iraq's energy minister said there was broad agreement for such a move.

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Royal Bank quarterly profit up 12%, enough to push annual profit to record $11.5B

cbc news - Wed, 11/29/2017 - 10:01

Profit at the Royal Bank of Canada increased by 12 per cent in its fourth quarter, enough to push its annual net income to an all-time record of $11.47 billion.

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Yellen sets table for December rate hike in possible final speech

cbc news - Wed, 11/29/2017 - 09:57

Federal Reserve Chair Janet Yellen said Wednesday that the U.S. economy has gained strength this year and that will keep the Fed on track to gradually increasing its key policy rate.

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Ultra-low rental vacancy rates highlight 'desperate' struggle to find affordable housing

cbc news - Wed, 11/29/2017 - 05:00

The national rental vacancy rate has taken a dive and rental horror stories are growing, forcing renters to consider whether the payoffs of living in a big city are worth the cost, both financially and in terms of quality of life.

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Equifax doubles number of Canadians hit by breach, now more than 19,000

cbc news - Tue, 11/28/2017 - 20:51

Equifax Canada has revised the number of Canadians caught up in a massive data breach earlier this year, saying an investigation has found that more than 19,000 were affected.

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