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TransCanada Corp pulls Keystone XL application in Nebraska after Obama rejection


TransCanada Corp. is withdrawing its application with Nebraska regulators for approval of the Keystone XL pipeline, less than two weeks after President Barack Obama rejected the project. The Calgary-based company said it’s inappropriate for the Nebraska Public Service Commission to move forward with a review of the route in the …

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Mackenzie Investments to introduce active ETFs in Canada in first half of 2016


Canada’s largest independent asset manager is getting into the exchange-traded fund business. Mackenzie Investments, owned by IGM Financial Inc., the Winnipeg-based investment company with $130.9 billion under management, will introduce a suite of actively managed exchange-traded funds in the first half of 2016, Mackenzie confirmed in an e-mail. “Active ETFs …

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Black Friday or Boxing Day? Where Canadians can get the best deals


About 1.2 million Canadians will book off sick from work to shop on Black Friday, but a new study suggests they’ll get slightly better deals if they can wait until Boxing Day. This isn’t the label you think it is: The secret shoppers might not know about factory outlets Most big …

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Canada’s investment dealers urged to make detailed plans to respond to cyber attacks


Canada’s investment industry association is urging dealers to make detailed plans at the most senior levels to prepare for and respond to cyber attacks. “The cyber threat is far too sophisticated and serious to relegate it simply to the firm’s IT department,” Ian Russell, chief executive of the Investment Industry …

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Maple Leaf Foods Inc set to emerge from years of restructuring leaner, more competitive


Maple Leaf Foods Inc.’s plan to cut 400 jobs to streamline operations suggests the food processor will emerge as a leaner, more competitive company after years of costly restructuring, analysts say. The company, which employs 12,000 people, has spent seven years and $1 billion in an operational overhaul that saw …

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Oilsands producers hoping for ‘clean oil’ tag after backing climate policies: Murray Edwards


LAKE LOUISE — Billionaire oil investor Murray Edwards said Canadian oilsands producers took the “bold step” of backing Alberta’s aggressive climate change plan to help change perceptions that Canada’s oil is dirty. Edwards, the chairman and a top shareholder of Canadian Natural Resources Ltd., along with leaders of Suncor Energy …

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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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U.S. labour market shows hints of broader wage pressures: Fed Beige Book


WASHINGTON — The U.S. labour market tightened modestly in recent weeks with some upward pressure on wages as employers found it increasingly difficult to fill jobs across skill levels, the Federal Reserve said on Wednesday. U.S. economic activity continued to expand at a modest pace in most regions from early …

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Enbridge Inc willing to grow through acquisitions


CALGARY – Enbridge Inc. has indicated a new willingness to grow by buying up firms with depressed share prices Thursday. “We’re going to look at all of the aspects of potential merger and acquisition opportunities. Typically, we’ve been focused on organic growth,” Enbridge president and CEO Al Monaco said on …

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American Apparel founder Dov Charney hires investment bank to pursue bid


American Apparel Inc. founder Dov Charney is working with a small investment bank on a potential bid to buy the clothing retailer out of bankruptcy. Charney, who has been trying to regain control of American Apparel since being ousted last year, has engaged Cardinal Advisors LLC to evaluate options, according …

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