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  • Alberta's finance minister Robin Campbell is expected to deliver more bad news when he presents an update on this year's budget. Campbell in shown in this Tuesday, April 29, 2014 file photo. THE CANADIAN PRESS/Jeff McIntosh

    Alberta’s current budget yo-yos from surplus to deficit back to $465M surplus

    The Canadian Press and Dean Bennett, The Canadian Press

    EDMONTON – This year’s Alberta budget has yo-yoed from a projected surplus to a deficit and back to a surplus, showing close to a $1-billion turnaround from a little over six weeks ago. Finance Minister Robin Campbell released third-quarter numbers Tuesday that forecast a $465-million surplus for the 2014-15 fiscal year. Last month, Premier Jim

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  • Alberta to release 3Q budget numbers covering period of oil price collapse

    The Canadian Press

    EDMONTON – Alberta’s finance minister is expected to deliver more bad news today when he presents an update on this year’s budget. Robin Campbell is releasing third-quarter numbers, which will take into account the collapse of oil prices into the US$40 a barrel range. Campbell and Premier Jim Prentice have already said the steep plunge

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  • Most actively traded companies on the TSX

    The Canadian Press

    Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,200.26, down 28.02 points): Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down five cents, or 2.08 per cent, to $2.35 on 14.9 million shares. Western Forest Products Inc. (TSX:WEF). Forest products. Down 14 cents, or 5.91 per cent, to $2.23

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  • Judge orders Gov. Christie to put more into pension funds; ruling could cause budget upheaval

    Michael Catalini And Geoff Mulvihill, The Associated Press

    TRENTON, N.J. – A judge has ordered Republican Gov. Chris Christie and the state Legislature to put more money into pension funds for retired public workers. Unions for public workers sued Christie after he announced last year he would not make the full pension payments he had agreed to in a 2011 overhaul that was

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  • President Barack Obama speaks at AARP in Washington, Monday, Feb. 23, 2015. (AP Photo/Jacquelyn Martin)

    As White House confirms plan to veto Keystone XL, five facts about its status

    Alexander Panetta, The Canadian Press

    WASHINGTON – An attempt to force U.S. President Barack Obama to approve the Keystone XL pipeline is being rebuffed, with the White House confirming that the president will veto a pro-Keystone bill, the first legislation of its kind passed by Congress. It may be a milestone in a long debate — but it’s not the

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  • President Barack Obama gestures as he finishes speaking to members of the National Governors Association, Monday, Feb. 23, 2015, in the State Dining Room of White House in Washington. (AP Photo/Carolyn Kaster)

    Obama intends to quietly kill off Keystone XL bill, White House confirms

    Alexander Panetta, The Canadian Press

    WASHINGTON – President Barack Obama is about to make good on his oft-stated threat to veto legislation to build the Keystone XL pipeline, a spokesman announced Monday. “I would anticipate that, as we’ve been saying for years, the president would veto that legislation,” Obama spokesman Josh Earnest told a press briefing. “And he will.” The

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  • This Jan. 8, 2015 photo shows a home for sale in Charlotte, N.C. The National Association of Realtors reports on sales of existing homes in January on Monday, Feb. 23, 2015. (AP Photo/Chuck Burton)

    US home sales drop 4.9 pct. in January; job growth and low mortgage rates fail to spur buying

    Josh Boak, The Associated Press

    WASHINGTON – U.S. home sales struck a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 per cent last month to a seasonally adjusted annual rate of 4.82 million. That brings sales down to their lowest level since

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  • Bell calls on courts to overturn CRTC decision on its Mobile TV pricing

    The Canadian Press and Terry Pedwell, The Canadian Press

    OTTAWA – One of the country’s biggest mobile companies is hoping the courts will overturn a decision by Canada’s telecom regulator that was aimed at creating greater price fairness for mobile TV services. Bell Mobility Inc. charges $5 per month for its Bell Mobile TV service, and allows customers to stream up to 10 hours

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  • TSX set to decline amid lower commodities; Valeant buying Salix for US$10B

    Malcolm Morrison, The Canadian Press

    TORONTO – The Toronto stock market was set for a lower open as a rising American currency helped depress commodity prices while traders eyed major acquisition activity in the pharmaceutical sector. Drugmaker Valeant Pharmaceuticals International Inc. (TSX:VRX) is buying American drug company Salix Pharmaceuticals Ltd. for about US$10 billion in cash. Valeant said the Salix

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  • In this Thursday, May 20, 2010 photo, Dish Network CEO Charles Ergen speaks at the Google conference in San Francisco. Dish Network said Monday, Feb. 23, 2015, that President and CEO Joseph Clayton will be stepping down on March 31. Co-founder and Chairman Ergen, who previously served as CEO and president, will take over again. Clayton, who has been CEO since June 2011, will also retire from the board. (AP Photo/Paul Sakuma)

    Dish Network CEO Clayton to retire in March; co-founder Ergen to take over

    The Associated Press

    ENGLEWOOD, Colo. – Dish Network CEO Joseph Clayton is retiring next month. The satellite TV provider said Monday that Clayton, who is also president, will be stepping down on March 31. Co-founder and Chairman Charles Ergen, who previously served as CEO and president, will take over again. Clayton, who has been CEO since June 2011,

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  • Valeant To Acquire Salix Pharmaceuticals

    The Canadian Press

    TORONTO – Valeant (Pharmaceuticals International, Inc. (TSX: VRX) is taking over Salix Pharmaceuticals, Ltd. The Quebec-based company is acquiring all common shares of the North Carolina firm in a deal valued at $14.5 billion. The boards of both companies have approved the deal that was announced Sunday. Salix is considered a leader in the American

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  • CN Railway resumes talks with union after threatening a monday lockout

    The Canadian Press

    MONTREAL – Canadian National Railway (TSX:CNR) and Unifor have resumed contract talks a day before the railway has threatened to lock out nearly 5,000 employees. A CN statement says the company hopes to reach a negotiated settlement or to persuade the union to agree to binding arbitration. The railway said Friday that it intends to

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  • Bank earnings on tap, traders anxious to see how they’ve weathered plunging oil

    Malcolm Morrison, The Canadian Press

    Investors will turn their focus to the Canadian banking sector this week as five of the big six Canadian banks report quarterly profits amid a tough business climate for all the lending institutions. “It’s very uncertain times when it comes to the banks and how the domestic economy is going to evolve,” said Patrick Blais,

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  • Bill Bennett, Minister of Energy and Mines and Minister Responsible for Core Review, speaks in Victoria, B.C., Tuesday December 16, 2014. British Columbia's mines minister is making plans to visit Alaska's indigenous fishing community after admitting his first trip to the state following the Mount Polley disaster addressed "probably the wrong audience." THE CANADIAN PRESS/Chad Hipolito

    B.C. mines minister aims for right audience with next trip to Alaska

    Tamsyn Burgmann, The Canadian Press

    VANCOUVER – British Columbia’s mines minister is making plans to visit Alaska’s indigenous fishing community after admitting his first trip to the state following the Mount Polley disaster addressed “probably the wrong audience.” Bill Bennett spoke at a major mining industry conference last fall, but met with none of the tribal groups in the southeast

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