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GM’s future in Canada still uncertain as Oshawa’s Camaro production set for move to Michigan


General Motors of Canada Ltd. is no closer to making a decision about the future of its assembly operations in Oshawa, Ont., but the company is nonetheless trying to position Canada as a global hub for automotive technology as the Trans-Pacific Partnership moves closer to reality. The last Chevrolet Camaro will roll …

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Bombardier Inc needs to make a ‘strong business case’ if it wants federal aid: PM


OTTAWA — If Montreal-based aerospace manufacturer Bombardier Inc. needs federal money to aid its CSeries jet project, it’ll have to make a “strong business case,” Prime Minister Justin Trudeau told a meeting of labour leaders Tuesday. Trudeau was responding to questions at a closed-door Canadian Labour Congress gathering in Ottawa …

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Morneau defends deficit spending plans saying fiscal update coming before the year-end


OTTAWA — Canada’s new finance minister doesn’t dispute the economy is facing increasing threats to growth, but Bill Morneau did not indicate he was backing down from the Liberal pledge to spend billions of dollars on infrastructure projects before rebalancing the budget. During the Oct. 19 election campaign, “we were — and …

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Canadian Natural Resources Ltd asset sale seen as mostly positive


Canadian Natural Resources Ltd. rarely sells assets, so the deal to hand over most of its royalty lands to PrairieSky Royalty Ltd. in exchange for $1.8 billion in cash and stock marks somewhat of a strategic departure. Canadian Natural also doesn’t appear to have ever held a material stake in …

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Silver Wheaton’s Bernardi at centre of streaming finance market


2015 Western CGCA — Deal Making Curt Bernardi has tapped into the deal mother load at Silver Wheaton Corp., thanks to the streaming finance market. Bernardi, recipient of the Deal Making honour at the 2015 Western Canada General Counsel Awards, joined Silver Wheaton at the right time in 2008. Silver …

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Transat A.T. set to become a single share class company on Monday


Transat A.T. Inc., the Montreal-baser international tour operator, has announced plans to become a single share class company. As of Monday the company’s Class A shares variable voting shares (which trade under the symbol (TRZ.A) and its voting shares (TRZ.B) will trade under a single ticker TRZ on the Toronto …

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Quadrus to pay clients charged ‘excess fees’ a total of $8 million in compensation


As part of a rare “no contest” settlement with regulators, Quadrus Investment Services Ltd. will pay a total of $8 million in compensation to more than 3,000 clients and former clients who were charged “excess fees.” The Ontario Securities Commission approved the no-contest settlement Tuesday, following an investigation prompted by …

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A ‘call to action’ from Sun Life survey on employers’ responsibility for mental and physical health


The results from a survey on employees’ physical and mental health conducted by Sun Life Financial are so dramatic that they may cause employers to rethink and change the benefits package they offer to their employees. The Sun Life Canadian Health Index, which “measures the attitudes of Canadians towards healthy …

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Canada’s oilpatch to become third largest contributor of new crude by 2040, but LNG prospects challenging: IEA


Despite the headwinds facing the Canadian oilpatch, the industry would likely add another 2.5 million barrels per day of crude oil by 2040, but don’t expect the country’s liquefied natural gas export industry to start up anytime soon, according to a new International Energy Agency report. The International Energy Agency’s …

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Encana Corp delays Alberta gas plants until royalty review concludes, boosts Texas spending


CALGARY – Encana Corp. will push “pause” on a natural gas processing plant in northwestern Alberta until the results of a provincial royalty review are in and spend its money in Texas instead. “It’s only prudent to say, ‘We need to know the rules of the game before we start …

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