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Black Friday, Cyber Monday sales expected to boom in Canada this year

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TORONTO — Despite recent challenges faced by Canada’s retail sector, analysts have a rosy outlook for the looming holiday shopping season — particularly on Black Friday and Cyber Monday. Cross-border shopping, reversed: This Black Friday, Canadian malls set to be packed with Americans It’s likely that this year there will …

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Goldcorp Inc stops operations at Northern Ontario mine to investigate fatal worker accident

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Goldcorp Inc., the largest gold producer by market value, suspended operations at a mine in Northern Ontario as authorities investigate a fatal accident. Early Wednesday, a rock fall buried a worker, and the scoop equipment the person was working in, resulting in the fatality at the Musselwhite gold mine at Opapamiskan Lake, the company …

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Alberta’s move to green energy seen adding $7 billion in power company debt

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Canada’s dirtiest province is cleaning up its act, and that’s expected to result in $7 billion (US$5.2 billion) in new debt from power companies such as TransAlta Corp. to fund green energy projects in the coming years. Secret deal on carbon emissions divides oilpatch EXCLUSIVE: A bargain between four of …

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Laura’s Shoppe Inc to focus on store renovations, e-commerce after deal with creditors

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TORONTO — Canadian retailer Laura’s Shoppe Inc. says it has reached a deal with its creditors about the future of the company. The Montreal-based owner of more than 140 women’s clothing stores, under the various Laura banners and Melanie Lyne, filed for creditor protection on July 31 and later shuttered …

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Where have all the Canadian tourists gone? Weak dollar keeps them from visiting the U.S.

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ORLANDO, Fla. — Around this time of year, Joel and Lorraine Leydier usually make their annual drive from their home in a small town east of Toronto to Myrtle Beach, South Carolina, where they love watching the beach from the balcony of their hotel, shopping and listening to music at The …

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OPEC’s ‘victory’ against rivals comes at heavy price

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So this is what winning looks like. Jackie Forrest: Why the OPEC price war will rage on November 27th marks the one year anniversary since Saudi Arabia made the watershed decision to pivot from protecting oil price to maximizing market share. The members of the cartel will meet again, to …

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Cenovus Energy Inc not impacted by oilsands’ emissions cap, CEO Brian Ferguson says

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A new hard cap on greenhouse gas emissions in the oilsands won’t impact Cenovus Energy Inc.’s growth plans, president and CEO Brian Ferguson said Thursday. 'Group of four doesn't speak for the industry': Backlash grows against secret carbon deal Claudia Cattaneo: It’s becoming increasingly clear that hell will freeze over …

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Companies in ailing oilpatch look for ways to avoid or delay layoffs

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CALGARY — Companies in the ailing oilpatch are looking at ways to avoid layoffs — or at the very least to forestall or minimize them. Canadian Natural Resources Ltd. has not had to trim its workforce of more than 7,600 as a result of the crude price collapse. “In lieu …

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Energy East pipeline costs jump 30%, as TransCanada makes 700 tweaks to plan

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CALGARY – Building the Energy East pipeline will cost almost $4 billion more than expected, the result of hundreds of tweaks to the project’s design and an expanded terminal in Saint John, N.B. TransCanada Corp. announced Thursday that it had filed an amendment to the National Energy Board for the …

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Congress passes U.S. spending bill to end 40-year-old oil export ban

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Congress passed a US$1.1-trillion spending measure that averts a U.S. government shutdown and ends a 40-year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed the bill 65-33 on Friday, shortly after a 316-113 House vote. The legislation, which …

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