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Tag Archives: Canada

Bank of Canada’s Carolyn Wilkins says innovation key, as central bank policy ‘stretched to its limits’

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OTTAWA — When it comes to monetary policy, there appear to be few limits to innovation, both during and after the global economic and financial meltdown between 2007-09. “Confident as we are in how we do things,” says Canada’s No. 2 monetary policymaker, the Bank of Canada is examining how …

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How Canada is becoming the orphan equity market nobody wants

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Canada is the orphan equity market nobody wants. First oil, now Canada's corporate heroes are crashing — no wonder bond investors are running for the exit Turmoil with market heavyweights Valeant Pharmaceuticals and Bombardier has helped push Canadian high-yield bonds to their worst performance since 2008. Read on Hammered by …

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Canada Goose plans to double staff at new Winnipeg factory as it eyes global expansion

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Canada Goose plans to double staff at a new factory in Winnipeg by early next year as it lays the groundwork for a bigger international expansion. President and CEO Dani Reiss says a new facility opened last month and already employs 80 people. He hopes to see that level spike …

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Toronto’s Mink Mile is Canada’s most expensive place to rent retail space, but still a long way from Fifth Avenue

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TORONTO — Toronto’s famed “Mink Mile,” home to some of the world’s most luxurious retail brands, is the most expensive place to rent space in Canada, according to a new study. But even making it to the top spot in Canada only places the country’s largest city at 21st in …

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A Bank of Canada interest rate hike is ‘miles’ away as consumers appear unenthusiastic about spending

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Canadian households are making a bland contribution to an economic recovery battered by slumping crude oil prices, keeping the central bank stuck as the U.S. moves toward raising interest rates. Liberals say Canada is billions deeper in the hole as they open the books for first time The new government …

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Canada’s banks are cutting costs, but the real hurricane hasn’t hit yet

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Executives at Canada’s largest banks have been stuck on repeat, telling investors about their efforts to cut and control costs. Starting a week Tuesday, this chorus “will reach a crescendo” when the banks report earnings for the last time this fiscal year, analysts at Scotia Capital said in a note. Canadian banks report next week and here’s …

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Sears Canada Inc faces another $100-million class action lawsuit from its dealers

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TORONTO • Sears Hometown store dealers have filed a second $100-million class action suit against Sears Canada Inc., its biggest shareholders and board of directors, alleging they approved hundreds of millions of dollars in special dividends in 2013 that would only benefit the big shareholders. Sears Canada decided to liquidate …

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Canada’s investment dealers urged to make detailed plans to respond to cyber attacks

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Canada’s investment industry association is urging dealers to make detailed plans at the most senior levels to prepare for and respond to cyber attacks. “The cyber threat is far too sophisticated and serious to relegate it simply to the firm’s IT department,” Ian Russell, chief executive of the Investment Industry …

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Bank of Canada keeps key rate at 1/2 per cent as economy faces ‘complex and lengthy adjustment’

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OTTAWA — Despite some obvious rough patches in the economy, the Bank of Canada appears content to ride over them for the next few months — and perhaps a lot longer. Governor Stephen Poloz and his policy team reinforced that view on Wednesday, choosing to keep their trendsetting interest rate …

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Stephen Harper’s cuts help Canada buck global post-recession trend toward higher taxes

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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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