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The dark side of metal streaming deals: Strapped mining companies trade future value for cash

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In September, Robert Quartermain did something highly unusual for a mining executive — he signed a streaming deal with an early exit strategy. Precious metal streaming companies looking to team up to tackle bigger deals Overwhelmed by the sheer volume of opportunities available in volatile commodity markets, precious-metal “streaming” companies …

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Transport Canada eyes more safety tests for Volkswagen amid emissions scandal

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OTTAWA — The federal government has plans to increase the number of Volkswagen vehicles it runs through safety tests in light of an ongoing scandal into their cars being designed to cheat on emissions tests. While there have been no major safety issues with Volkswagens in the last seven years, …

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You can’t judge high frequency trading by the view from the stock pits, study finds

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Nearly two years after author Michael Lewis made waves with Flash Boys, his book that claimed the capital markets are “rigged” as a result a new breed of traders making ultra-fast electronic high-frequency trades, the debate rages on about their true impact. The Investment Industry Regulatory Organization of Canada compiled …

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Extreme bears are betting oil is going as low as $25, $20 and even $15 a barrel in 2016

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Oil speculators are buying options contracts that will only pay out if crude drops to as low as US$15 a barrel next year, the latest sign some investors expect an even deeper slump in energy prices. 'We all know someone who has lost a job': Oil crash takes heavy toll …

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Why Potash Corp should take a run at Intrepid Potash…in a year

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Potash Corp. of Saskatchewan Inc. should consider a takeover of Intrepid Potash Inc. even though the analyst recommending such a deal doesn’t think it will happen for a year. Ben Isaacson at Scotiabank noted that Potash Corp.’s failed acquisition of Germany-based K+S AG was about both consolidation and accretion. However, …

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Suncor Energy Inc to weigh options over weekend if it doesn’t win over enough Canadian Oil Sands Ltd shareholders

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With Suncor Energy Inc.’s all-share offer for Canadian Oil Sands Ltd. set to expire Friday evening, Suncor CEO Steve Williams and his advisors will likely huddle over the weekend to plot their next move. Suncor’s $4.13B hostile takeover of Canadian Oil Sands teeters as Friday deadline looms Suncor’s takeover of …

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Canada’s Finance Minister admits economy in worse shape than Ottawa thought

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HALIFAX — The federal finance minister says the Canadian economy is suffering from slower growth than originally projected by the former Conservative government. Bill Morneau told several hundred people attending a Halifax Chamber of Commerce luncheon that his department’s projections on growth since the 2015 budget have fallen due to …

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Google Inc wants to partner with automakers in self-driving cars, but offers no specifics

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DETROIT — The CEO of Google’s self-driving car project acknowledged Tuesday that the company is looking to partner with automakers, but refused to go into detail as rumours continue to swirl about a tie-up between Google and Ford Motor Co. “No one goes this alone. We are going to need …

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How Freshii is riding the health food boom and finding inspiration from fast fashion to fuel its rapid expansion

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TORONTO — Freshii founder Matthew Corrin hasn’t heard back from McDonald’s CEO Steve Easterbrook since the former’s cheeky proposal last year suggesting the two go into business together. But clearly the home of the Big Mac has been influenced in recent years by Freshii’s style of fast food: healthy, convenient …

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General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend

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DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

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