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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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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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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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At $22, three quarters of oilsands production is underwater and losing up to $3 on every barrel


CALGARY — U.S. crude’s slide to US$35 a barrel this week has left many Canadian oilsands producers selling their oil at a loss, with some analysts predicting even more pain in 2016. Never mind $35 a barrel, Canada’s oil is selling for closer to $20 As oil crashes through $35 …

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Brain drain threatens Canada’s dominance in artificial intelligence: ‘We are losing our top talent’


With a tech industry one-third the size of California’s, Canada has confounded expectations by becoming a leader in the booming market for artificial intelligence. Pioneering technologies developed in Canadian labs can be found in Facebook’s facial recognition algorithms, Google’s Photos app, smartphone voice recognition and even Japanese robots. Now Canada …

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Bombardier Inc CSeries jet gets green light for service from Transport Canada


MIRABEL, Que. — After delays and cost overruns, Bombardier’s US$5.4-billion CSeries passenger jet has been given the green light to enter into commercial service. The largest plane built by the Montreal-based manufacturer was formally certified on Friday by Transport Canada. Transport Minister Marc Garneau announced the go-ahead during a news …

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Innovation, efficiency the new mantra for manufacturers as they await sustained recovery


OTTAWA — Ever since the recession — the big one in 2008-09, not the mini-downturn of 2015 — manufacturers have been wishing and hoping for a big turnaround in their sector. Canada’s economy unexpectedly stalls, setting uncertain tone for end of the year Growth in Canada’s economy was flat in …

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Canadian lawsuit names Bank of Nova Scotia in gold price manipulation


TORONTO — Bank of Nova Scotia, embroiled in a lawsuit in the United States along with a handful of international banks over alleged manipulation of a key benchmark based on the gold price, is facing a fresh lawsuit filed in Canada. Lawyers at Sotos LLP, Koskie Minsky LLP and Camp …

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GMP Capital Inc to cut 97 jobs, suspend dividend, exit U.K. and Australia


Independent Canadian investment dealer GMP Capital Inc. is pulling out of the United Kingdom and Australia and suspending its quarterly common share dividend to deal with the effects of weak commodity prices and increasing regulation. Offices in London, Perth and Sydney will be closed, and 97 jobs will be cut, …

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Scrap crowdfunding to help TSX Venture Exchange, IIAC CEO urges


The Investment Industry Association of Canada is calling on provincial securities regulators to scrap equity crowdfunding to help turn around the fortunes of the TSX Venture Exchange. “The TSXV is a far more effective vehicle for raising capital than crowd-funding, and provides far better protection for investors,” Ian Russell, chief executive …

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