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Canada still outpacing China in trade with the U.S., but only barely

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OTTAWA — Yes, there’s an unstoppable chain of Chinese freighters headed toward the U.S. coastline. And U.S. goods are just as speedily going in the other direction. But don’t count Canada out of the race for trade just yet — even if it could be losing the most cherished trader status …

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Canada’s jobs growth smashes expectations — and it wasn’t all the election

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OTTAWA — More than 44,000 jobs were added overall to Canada’s economy in October, following meagre hiring in the previous four months, and enough to push the unemployment rate slightly lower. But that was enough to push the country’s total employment level above 18 million for the first time. Some …

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First it was energy, now Valeant and Bombardier are spooking bond investors away from Canada

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Canada’s bond market has been ravaged by the global commodities rout. So when a drugmaker and an aerospace company join the misery with even bigger losses, investors can’t be blamed for rushing to the exits. Six very strange things have been happening in financial markets around the world Market moves …

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Warren Buffett keeps the faith in oilsands as Berkshire Hathaway Inc raises stake in Suncor Energy Inc

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One of the world’s savviest investors has kept the faith in the oilsands as investor sentiment toward the sector is souring. Billionaire Warren Buffett’s Berkshire Hatahway Inc. revealed in its most recent filings that it has purchased an additional 7.6 million shares in Suncor Energy Inc. Berkshire has been boosting …

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Canada Goose plans to double staff at new Winnipeg factory as it eyes global expansion

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Canada Goose plans to double staff at a new factory in Winnipeg by early next year as it lays the groundwork for a bigger international expansion. President and CEO Dani Reiss says a new facility opened last month and already employs 80 people. He hopes to see that level spike …

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Natural gas producers’ profits will sink to worst loss since 2009, Conference Board warns

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CALGARY – The Canadian natural gas industry is expected to post its worst collective loss since 2009 this year, a new report from the Conference Board of Canada predicts, the result of both the fall in natural gas prices and the price collapse for related commodities such as propane and …

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Marriott’s $12.2-billion takeover of Starwood Hotels will help it dominate Canada

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TORONTO — Marriott International Inc.’s US$12.2-billion takeover of Starwood Hotels and Resorts Worldwide will not only create the world’s largest lodging company but give it majority control of some Canadian markets, says an industry consultant group. According to Lyle Hall, managing director of Toronto-based HLT Advisory Inc., it’s not out of …

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Farewell Goldman Sachs, hello Uber: How the tech world is raiding Wall Street talent

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NEW YORK/SAN FRANCISCO — Three mid-level bankers in Goldman Sachs Group Inc’s technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters. ‘Masters of the universe’ no more: London traders’ champagne …

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‘This is not a jet’: Pratt & Whitney exec explains why CSeries is quieter than critics think

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When politicians and activists talk about Porter Airlines’ plan to fly “jets” out of Toronto’s downtown airport, they show a fundamental misunderstanding of the technology on Bombardier Inc.’s CSeries aircraft, according to the executive who developed the plane’s engine. Ottawa says ‘no’ to jets at Toronto island airport, dealing blow …

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TransAlta Renewables gets $200M investment from Alberta fund manager AIMCo

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CALGARY – Alberta’s provincially owned investment management company bought a $200-million stake in a local renewable power provider Monday, the day after the province announced it would phase out coal-fired electricity generation. Alberta Investment Management Corp., which manages more than $75-billion worth of investments from the province’s government pension funds, …

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