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


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


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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Canadian economy rebounding amid adjustment to low commodity prices: Bank of Canada’s Patterson


Canada is adjusting to the damage from lower commodity prices and the economy will use up its idle capacity to produce more goods by mid-2017, a central bank policy maker said Tuesday. Lower interest rates and a weaker Canadian dollar are helping with the adjustment, Bank of Canada Deputy Governor …

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Caisse de depot part of consortium spending $9.9 billion to invest in Australian electricity network


MONTREAL — The Quebec pension plan is part of a consortium that is spending $9.9 billion to acquire a 99-year lease for TransGrid, the owner and operator of the electricity transmission network in New South Wales in Australia. The network spans close to 13,000 kilometres and serves Sydney and Canberra, …

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Two SPACs remain in limbo for the time being


For the time being at least the score will remain 5-2. We are referring, respectively, to the number of Special Purpose Acquisition Companies (SPACs) that have been formed and that have raised capital in Canada this year and the number that are in line to raise capital. It remains to …

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Get best Black Friday deals on your phone as Cyber Monday becomes obsolete


The last thing shoppers need is another name for their holiday binge; and yet here it is. First there was Black Friday. Then there was Cyber Monday. Now there’s Cyber Friday as the lines blur between online and traditional shopping in a weekend of frenzied consumption. Black Friday or Boxing …

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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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Strong connections help INFOR Financial land key advisory assignments


Here’s the news: INFOR Financial, a recently formed Canadian-based boutique advisory firm was named as the financial adviser to a group of investors which have just made a minority investment in Duff & Phelps Corporation. The New York-based Duff & Phelps defines itself as “the premier global valuation and corporate …

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Stephen Harper’s cuts help Canada buck global post-recession trend toward higher taxes


Tax cuts were the mainstay of Stephen Harper’s tenure as Canada’s prime minister before his defeat to Justin Trudeau in October, with his Conservative government brushing off the impact of the global recession to curb federal tax revenue to the lowest since before the Second World War as a share …

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Sears Canada says online business in need of major overhaul


TORONTO – With Internet retail sales expected to hit new highs over the Christmas period, Sears Canada’s executive chairman admits the department store’s Sears.ca online business is in need of a major overhaul. “We have some very, very, very big plans to modernize what we do — both online and …

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