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A bleaker Canadian economy may be lurking below recent data


OTTAWA — On the surface, Canada’s economy is displaying signs of returning — albeit in small steps — to some form of normalcy. Inflation has been making a mild and slow comeback in Canada, warming up after a period of ultra-low price gains that characterized much of the past year, …

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Oil to stay below $50 for two years, while other commodities rebound, Scotiabank says


CALGARY – As benchmark oil prices tumbled to new 11-year lows on Monday, a new report painted a grim picture of the outlook for energy prices next year and 2017. How can Canada make money when it's selling the cheapest oil in the world? The oil collapse that pushed crude …

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The dark side of metal streaming deals: Strapped mining companies trade future value for cash


In September, Robert Quartermain did something highly unusual for a mining executive — he signed a streaming deal with an early exit strategy. Precious metal streaming companies looking to team up to tackle bigger deals Overwhelmed by the sheer volume of opportunities available in volatile commodity markets, precious-metal “streaming” companies …

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CPPIB and Goodman Group boost equity commitment by US$1.25 billion to logistics partnership in China


The Canada Pension Plan Investment Board and Goodman Group boosted their equity allocation to the Goodman China Logistics Partnership, which owns and develops logistics assets in Mainland China, by US$1.25 billion. The pension giant committed 80 per cent, or $1 billion, in keeping with the equity structure of the partnership …

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Oil hits lowest since 2004 with Goldman Sachs predicting $20 crude before we’re done


LONDON — Brent crude prices hit their lowest in over 11 years on Monday, hounded by a relentless rise in global supply that looks set to outpace demand again next year. Oil production is running close to record highs and, with more barrels poised to enter the market from the …

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RioCan Real Estate Investment Trust is selling 49 American shopping malls to Blackstone Group


TORONTO — Canada’s largest real estate investment trust is selling off its U.S. portfolio and reaping close to $1 billion in profit with about half it coming from the sinking loonie. RioCan Real Estate Investment Trust said Friday it is selling its U.S. portfolio of 49 retail properties located in …

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Finance ministers in wait-and-see mode on major issues


OTTAWA — Canada’s new federal finance minister hopes to set a tone of harmony with his provincial and territorial counterparts. But seeing actual progress on pressing economic issues will have to wait for another year. “It was really very positive spirit of collaboration,” Bill Morneau said after meeting Monday with …

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Why the Star Wars rebel alliance needs a central bank


ST. LOUIS, MO. – The U.S. Federal Reserve has it easy — at least compared to the problems that would face a Central Galactic Bank after the smoke clears from the anti-Empire rebellion when Star Wars episode VII premieres this week. Blowing up the Death Star in Star Wars would …

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How Canadian Tire is grappling with the economics of e-commerce


Technology can be both a blessing and a curse for traditional retailers. The hottest toy you can’t buy in stores! How Shopify is powering a retail revolution Behind the scenes, a Canadian company is helping small merchants willing to fill the void left by the likes of Walmart Inc. and …

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U.S. Congress repeals meat labelling law after facing Canadian retaliation


OTTAWA — A potential trade war between Canada and the United States was all but averted Friday when Congress passed a massive spending bill that also repealed a controversial meat labelling law. The 2,000-plus pages of legislation contained a two-page rider that scrapped the U.S. labelling law, known as COOL, …

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