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RBC loses bid to overturn US$76 million judgment over sale of ambulance company Rural/Metro


The Delaware Supreme Court upheld on Monday a ruling that RBC Capital Markets is liable for US$76 million for its role in the 2011 sale of ambulance company Rural/Metro, which was found to have shortchanged investors. The case has been closely watched on Wall Street because the 2014 ruling by …

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Couche-Tard to buy Ireland’s Topaz in addition to European convenience store network


MONTREAL — The company that owns Mac’s and Couche-Tard stores is making further advances in Europe with the acquisition of Ireland’s leading operator of gas bar and convenience store stations. The Quebec-based company says it has an agreement to buy the Topaz chain for an undisclosed price. Couche-Tard says Topaz …

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Canadian companies have ‘false sense of security’ when it comes to cyber threats: report


Many Canadian businesses have “wrapped themselves in a false sense of security” when it comes to resisting cyber attacks, according to a new survey by Deloitte. A false feeling of preparedness, often because there has been no attack to date, leaves the door open “even wider for the would-be attackers,” …

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Birks botches brooch boost: Brands exploit the Trudeaus’ glamour at their own risk, experts say


A Birks Group Inc. press release intending to draw attention to a diamond brooch Sophie Gregoire-Trudeau wore to meet Queen Elizabeth II has instead raised questions about whether such gifts are ethical and in good taste. On Wednesday, the Montreal-based jewelry retailer issued a release with a photo of Gregoire-Trudeau, her …

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Janet Yellen signals confidence in economy ahead of Fed rate decision


Federal Reserve Chair Janet Yellen said she is increasingly confident that the economy is growing sufficiently to achieve labour-market improvement and higher inflation, laying the groundwork for a December interest-rate increase if data hold up. “On balance, economic and financial information received since our October meeting has been consistent with …

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Glencore can withstand downgrade to junk: RBC


There has been plenty of speculation over the past few months that Anglo-Swiss commodities giant Glencore PLC could lose its investment-grade credit rating. Currently, the debt-laden company is two notches above junk status. Many investors are alarmed about a potential downgrade to junk, given that it would increase funding costs …

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‘Intensely competitive’ winter ahead for airlines serving sun destinations


It’s shaping up to be an “intensely competitive” winter for Canadian airlines and tour operators serving sun destinations, leading analysts at National Bank to lower their price targets for WestJet Airlines Ltd. and Transat AT Inc. The bank’s analysis of the sun destination leisure market found that total capacity from …

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Alberta’s move to green energy seen adding $7 billion in power company debt


Canada’s dirtiest province is cleaning up its act, and that’s expected to result in $7 billion (US$5.2 billion) in new debt from power companies such as TransAlta Corp. to fund green energy projects in the coming years. Secret deal on carbon emissions divides oilpatch EXCLUSIVE: A bargain between four of …

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Laura’s Shoppe Inc to focus on store renovations, e-commerce after deal with creditors


TORONTO — Canadian retailer Laura’s Shoppe Inc. says it has reached a deal with its creditors about the future of the company. The Montreal-based owner of more than 140 women’s clothing stores, under the various Laura banners and Melanie Lyne, filed for creditor protection on July 31 and later shuttered …

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Cyber Monday deals: What online retailers are offering in Canada today


Black Friday has come and gone and today is Cyber Monday, when e-commerce sites roll out more deals. The term Cyber Monday was coined a decade ago, when retailers noticed a spike in online holiday shopping on the Monday after Thanksgiving. The reason: Many people returned to work and used …

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