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The billionaire’s shopping guide: 13 gifts for the person who can buy anything

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1. A meal at every three Michelin star restaurant Only 109 restaurants in the world have three coveted Michelin stars, and luxury purveyor VeryFirstTo, along with tour company Holidaysplease, will get you to all of them in half a year’s time. The flights will be business class and hotel stays …

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Volkswagen says it still believes only a small number of staff were behind emissions scandal

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WOLFSBURG, Germany — Volkswagen believes that only a small number of employees were behind the emissions scandal, but its board chairman said Thursday the company is still investigating and suggested the probe does not exclude top managers. In an update on the German automaker’s attempt to get to the bottom …

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Junior miner Champion Iron agrees to buy troubled Bloom Lake mine in Quebec

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A buyer has finally emerged for the troubled Bloom Lake iron ore mine in Quebec, which was shuttered nearly a year ago after incurring massive losses. Junior miner Champion Iron Ltd. has won an auction to buy the mine out of bankruptcy protection for $10.5 million. Champion, which has offices …

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Manulife Financial Corp faces more challenges ahead

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The collapse in oil prices has already taken a toll on Manulife Financial Corp., but one analyst is warning that more pain may be coming and analysts’ fourth-quarter earnings estimates don’t appear achievable. Gabriel Dechaine at Canaccord Genuity noted that Manulife recorded zero investment gains in 2015, compared to its …

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Nova Scotia’s Emera Inc eyes Alberta to grow its clean power business

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CALGARY — Alberta’s aggressive climate change plan is causing anxiety among its energy consumers and producers, who have historically relied on abundant fossil fuels resources. But at least one company, Emera Inc., is excited about its forced transition to clean energy. Alberta’s move to green energy seen adding $7 billion …

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Are gas prices too high? BMO report suggests Canadian drivers not reaping full benefit of low oil

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TORONTO — A report by the Bank of Montreal suggests Canadian drivers aren’t reaping the full benefit of lower oil prices when it comes to prices at the pump. BMO senior economist Benjamin Reitzes pointed to a chart that showed when the Brent crude oil price was last at today’s …

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U.S. Congress repeals meat labelling law after facing Canadian retaliation

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OTTAWA — A potential trade war between Canada and the United States was all but averted Friday when Congress passed a massive spending bill that also repealed a controversial meat labelling law. The 2,000-plus pages of legislation contained a two-page rider that scrapped the U.S. labelling law, known as COOL, …

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How an emerging labour movement in China’s Wal-Mart stores threatens expansion ambitions of all Western retailers

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When Zhang Jun, a 44-year-old electrician at a Wal-Mart store east of Beijing, shared a Mao-era propaganda poster on his Weibo blog, he was making a point. Why China is still a foreign territory to Canadian retailers Why have so few Canadian retailers looked to expand into the populous, burgeoning …

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Alberta’s clean-tech sector could be one of the province’s few growth businesses in 2016

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CALGARY – While many companies that service the oil and gas industry are struggling with record-low demand for their expertise, Scott Nelson and his team have become steadily busier in recent weeks. Oilfield services companies face a 2016 where there’s little left to cut As prices started receding in November …

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Chance of rate cut rising as markets anxiously await details of Trudeau’s stimulus rescue

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The likelihood of a Bank of Canada rate cut is rising as markets await details of Prime Minister Justin Trudeau’s promised stimulus package for the Canadian economy. Markets have begun pricing in a greater chance this week that the Bank of Canada will move to cut its interest rates sometime …

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