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Canadian dollar falls, dragged down by weaker-than-expected inflation figures
TORONTO – The Canadian dollar headed lower Friday after Statistics Canada reported that consumer prices rose last month at the slowest rate it’s seen in more than three years. The loonie finished the day down 0.95 of a cent to 97.17 cents US as the U.S. dollar also gained strength against other major currencies. The
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Canadian inflation falls to 0.4 per cent in April
A steep decline in the price of gasoline last month pushed Canada’s inflation rate down to 0.4 per cent in April, the lowest level since October 2009 and a bigger drop than analysts had expected.
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Calif. doctor who promised fake herbal cancer cure sentenced to 14 years in prison
LOS ANGELES, Calif. – A Los Angeles doctor was sentenced Friday to 14 years in federal prison for bilking patients out of more than $1 million by promising them that an herbal supplement she hawked could cure late-stage cancer and other diseases. U.S. District Judge Robert Timilin also ordered Dr. Christine Daniel to forfeit $1,277,083.
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Most actively traded companies on the TSX, TSX Venture Exchange on Thursday
TORONTO – Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,507.60 up 33.95 points): Surge Energy Inc. (TSX:SGY). Oil and gas. Up 34 cents, or 8.17 per cent, at $4.50 on 15.78 million shares. The energy sector was up 0.21 per cent
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Gitga’at evict Northern Gateway crew conducting spill response survey
HARTLEY BAY, B.C. – Members of the Gitga’at Nation say they have evicted a Northern Gateway Pipelines crew from their territory on the north coast of British Columbia as it tried to conduct oil spill response surveys. The small First Nation of Hartley Bay says the crew showed up to carry out work on the
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US regulators adopt weakened rule on derivatives trading; critics say large banks to benefit
WASHINGTON – A rule intended to loosen the largest U.S. banks’ control over the trading of complex investments and help safeguard the financial system was weakened Thursday by regulators. Critics say the changes will allow major Wall Street banks to continue to dominate the $700 trillion derivatives market. The Commodity Futures Trading Commission approved the
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BC to lead Canada in export growth: agency
Surging exports of lumber mean BC’s export growth will be tied for first with Nova Scotia, according Export Development Canada. It predicts BC’s exports will grow 11 per cent this year.
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CAE doesn’t see American nationalism creeping into military contract loss
MONTREAL – Intense competition for U.S. military contracts is driving down prices, but the head of flight simulator and training company CAE isn’t worried. The Montreal-based company recently lost a hotly contested bid to supply a training system for the U.S. air force’s new KC-46 tanker. CAE chief executive Marc Parent said the tanker contract,
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Target Canada announces exclusive designer collaboration with Beaver Canoe
TORONTO – Target is bringing an added dose of Canadiana to its stores north of the border through a new partnership with Beaver Canoe. The U.S.-based retailer has announced an exclusive collaboration with the Beaver Canoe brand, which is part of Roots Canada. In what is billed as a first for the brand, the Beaver
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Average US rate on 30-year mortgage rises to 3.51 per cent; 15-year up to 2.69 per cent
WASHINGTON – Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows. Cheaper mortgages have helped the economy by spurring more home-buying and refinancing. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 3.51 per cent from 3.42 per cent last week. That’s still near
