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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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CIBC and TD profit rises, but investors still bracing for signs of weakness


Canadian Imperial Bank of Commerce’s personal and commercial banking unit was resilient in its fourth quarter, with profit rising 8.8 per cent from the same period last year to $655 million, but it could have been even better if it hadn’t set aside more money for loan losses. Funds that …

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Crude crashes to six-year low as OPEC, strong greenback gang up on oil


Oil fell to the lowest level in more than six years amid speculation that a record global glut will be prolonged after OPEC effectively abandoned its longtime strategy of limiting output to control prices. The Organization of Petroleum Exporting Countries will keep pumping about 31.5 million barrels a day, President …

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How much oil is OPEC pumping? 900,000 barrels a day more than the world needs


OPEC raised crude output to the highest in more than three years as it pressed on with a strategy to protect market share and pressure competing producers. Tax hikes, carbon caps and now $37 crude: For Canada’s oilpatch, the bad news just keeps coming With the latest oil price collapse, …

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Canada’s challenge is how to make money selling the world’s cheapest oil — but it can be done


CALGARY — Rock bottom oil prices could be the single biggest challenge facing Canada’s economy in 2016. Never mind $35 a barrel, Canada’s oil is selling for closer to $20 As oil crashes through $35 in New York today, Alberta, which produces the world’s cheapest oil at the highest cost, …

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Turquoise Hill secures landmark US$4.4B financing for Oyu Tolgoi mine in Mongolia


Canadian miner Turquoise Hill Resources Ltd. is set to make a massive investment in Mongolia’s Oyu Tolgoi mine after securing a landmark US$4.4 billion financing package, one of the largest ever seen in the industry. Vancouver-based Turquoise Hill unveiled the package early Tuesday. The capital is being provided by a …

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Despite BofC’s dovish rate stance, a Fed hike may steepen Canada’s yield curve making borrowing more pricey


Canada may see higher bond yields and a steeper yield curve as the U.S. Federal Reserve begins to hike rates, according to market players, weighing on the economy while raising borrowing costs for consumers and businesses. The U.S. central bank is widely expected to raise benchmark interest rates on Wednesday …

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