Business

Canada open to completing NAFTA talks in short order

Canadian negotiators are open to working on a timeline proposed by the U.S. to complete NAFTA renegotiations before the end of the year, CBC News has learned. A government source, speaking on background, tells CBC News that Canada is willing to work quickly, but will not agree to a bad deal for the sake of meeting a deadline. About 75 Canadians ...

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$500K hardship fund for former Sears Canada employees approved by judge

The fund represents less than $200 per terminated employee The Canadian Press Posted: Aug 18, 2017 4:11 PM ET Last Updated: Aug 18, 2017 4:11 PM ET A judge has approved a hardship fund for former Sears Canada employees that will come from a pool of money set aside to pay bonuses for key employees. The $500,000 fund will help ...

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Elevated testosterone linked to ‘reckless’ financial trading, study finds

It’s no secret financial traders have always been predominately male. So, when a group of researchers with the Ivey Business School at Western University in London, Ont., set out to at look at the role of testosterone on the markets, it wasn’t a far-flung idea. “We wanted to simulate what happens when people are at elevated levels … how would they trade with ...

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Bombardier employee in Swedish unit charged with bribery

A Russian employee in the Swedish branch of Canadian plane and train maker Bombardier was charged Friday with aggravated bribery and faces up to six years in jail and deportation if found guilty. Swedish prosecutor Thomas Forsberg alleges Evgeny Pavlov bribed a public servant in Azerbaijan to win a $340-million contract for a new signalling system. Most of the funding ...

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TMX working with Canadian regulators on how to deal with U.S.-linked pot stocks

TMX Group Ltd. is seeking guidance from Canadian securities regulators as it weighs how to deal with marijuana companies listed in Canada with interests in the United States where the business remains federally illegal. “This is a complex matter which touches multiple aspects across our capital market system, and as such requires close examination and careful consideration,” Toronto-based TMX Group said in a ...

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Oceanex says cost of ships slowing down for whales is $100K a week

Due to new rules brought in by the federal government in an attempt to protect an unusual number of endangered right whales in the Gulf of St. Lawrence, Oceanex has introduced a temporary surcharge for vessel operations between St. John’s and Montreal. The Canadian Coast Guard implemented a temporary reduced speed limit of 10 knots for vessels in a portion ...

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Demand eclipses supply for protective glasses for safe solar eclipse viewing

Ali Van Orman is still looking for specialized glasses to protect her family’s eyes during Monday’s solar eclipse because she never counted on demand totally eclipsing supply. She tried to buy a coveted pair of solar eclipse glasses for herself and two children from Amazon back in July, but the hot commodities wouldn’t have arrived in time. Van Orman and ...

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Calgary’s millennials own more real estate than those elsewhere in Canada, survey suggests

Calgary millennials own more real estate than their generational counterparts, but new mortgage rules could change all that.  That’s the findings of a new survey done by Royal Lepage that shows Calgary’s millennial generation owns more real estate than millennials anywhere else in Canada. The survey also revealed that new mortgage rules are making it harder for millennials to buy into the ...

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Canada’s annual inflation rate rises to 1.2% in July

Canada’s annualized inflation rate in July was 1.2 per cent, up from 1 per cent in June. Statistics Canada says the increase was in line with estimates. In the 12 months leading up to July, prices were up in six of the eight major areas tracked, with the transportation and shelter indexes contributing the most to the year-over-year rise in the ...

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Financial markets reflect risk aversion after Spain attacks

An aversion to risk was evident in financial markets Friday after the attacks in Spain. Stock markets around the world were under pressure while traditional safe haven assets, such as gold, were in demand. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 1 per cent at 7,316 while France’s CAC 40 fell 1.1 per ...

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