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Ontario enlarged loans to unions so they could buy more shares in hot Hydro One Inc IPO

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On a day when the overall Canadian equity market fell 0.75 per cent, Thursday proved a rewarding first day in public trading for shareholders in Hydro One Inc., with the beneficiaries of the 5.5 per cent jump including the Power Workers’ Union (PWU) and the Society of Energy Professionals (SEP). …

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Untapped loans double Canadian banks oil exposure to $107 billion

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Canadian banks’ exposure to the struggling oil-and-gas industry totals $107 billion when including untapped credit lines with outstanding loans, according to a review of company filings. That’s double the $50 billion in total outstanding loans generally highlighted by Royal Bank of Canada, Toronto-Dominion Bank and the country’s four other large …

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