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‘Dr. Copper’ plunges to US$2 for first time since 2009: ‘Things are quite horrible and about to get worse’

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Copper goes by the nickname “Dr. Copper,” because the red metal is viewed as a barometer for the global economy. And unfortunately, it hasn’t been saying anything cheery of late. Copper prices plunged back to US$2.00 a pound this week, the first time they have touched that level since the …

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Mainland Chinese investors expected to be growing force in Canada’s commercial real estate in 2016

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Investment in commercial real estate is expected to decline for the fourth straight year in 2016 despite the growing presence of Mainland Chinese investors in the marketplace, according to a new forecast. In a report out Tuesday, provided exclusively to the Financial Post, real estate firm CBRE predicts investment in commercial …

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Ontario deficit drops by $1 billion, which is ‘mainly the result’ of the Hydro One sell-off

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Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon The Ontario Liberals are under fire after their fall economic statement revealed a lower-than-projected deficit was “mainly the result of the government’s… recent Hydro One initial public offering.” The deficit this fiscal year is expected to fall to $7.5 billion from …

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Perpetual Energy Inc’s convertible debt holders won’t be joining the offering party

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It’s a good deal for the issuer and its common shareholders but way less attractive for the company’s convertible debenture holders. That’s the situation at Calgary-based Perpetual Energy Inc.,  which recently announced a number of recapitalization measures, all of which flowed from a decision on how to repay a $50 …

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RBC loses bid to overturn US$76 million judgment over sale of ambulance company Rural/Metro

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The Delaware Supreme Court upheld on Monday a ruling that RBC Capital Markets is liable for US$76 million for its role in the 2011 sale of ambulance company Rural/Metro, which was found to have shortchanged investors. The case has been closely watched on Wall Street because the 2014 ruling by …

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How the oilpatch is learning to live within its means as it braces for shrinking cash flow

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CALGARY – With the oil price rout showing no signs of letting up thanks largely to OPEC’s decision Friday to keep pumping, pressure is building on Canadian oil and gas companies to spend within their shrinking cash flow projections for 2016. Secret deal on carbon emissions has driven a rift …

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Children can now talk to their toys — and marketers, hackers are trying to listen in

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Your daughter rips open the wrapping paper and screams with excitement – it’s Talk To Me Tammy! After connecting the doll to your home’s wireless network through a smartphone app, she and Tammy start chatting. Tammy tells her jokes, quizzes her on some math questions and says her favourite colour …

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Norfolk Southern Railway snubs Canadian Pacific’s $28-billion offer as ‘grossly inadequate’

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Norfolk Southern Corp. has rejected Canadian Pacific Railway Ltd.’s US$28.4-billion takeover proposal, calling it “grossly inadequate” and emphasizing that it’s unlikely to receive regulatory approval at any price. But CP chief executive Hunter Harrison is not one to give up easily, and analysts said he’s now likely to sidestep the …

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British Columbia gets access to China’s Panda bond program

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British Columbia, which has been building financial ties with China for many years and in the process establishing a series of Canadian firsts, is set to make another innovation with investors from the world’s largest country. This week the AAA-rated province received approval from the Peoples’ Bank of China to …

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Appeal of Joe Groia’s ‘incivility’ ruling goes to Ontario Court of Appeal on Dec. 14

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Joe Groia of Groia and Co., the Toronto lawyer found guilty of “incivility” charges by the Law Society of Upper Canada, will seek to have his one-month suspension overturned at a three-day hearing commencing Dec. 14 in the Ontario Court of Appeal. The charges centre on Groia’s accusations of prosecutorial …

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