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Tag Archives: nbsp

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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Brookfield Renewable and Dundee show that pref shares may not be preferred

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Read it and weep. In the past month, two TSX-listed issuers, Brookfield Renewable Energy Partners LP and Dundee Corp. have proposed plans that undermine the expectations — indeed, the rights — enjoyed by holders of preferred shares. Investors purchased the two lots of securities — specifically the Series 5 prefs …

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Disappointing railway data could mean a buying opportunity

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Weak North American rail traffic in the first 10 weeks of the fourth quarter may set up a buying opportunity for investors. Following signs of health early in the quarter, things have taken a turn for the worse through November and early December. Raymond James analyst Steve Hansen noted that …

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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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More information on HollisWealth settlement with MFDA could have been useful

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It was unfortunate timing: In the same week when Bank of Nova Scotia was announcing the launch of its new Scotia Wealth Management brand, another one of its units was being fined and censured by its industry association, the Mutual Fund Dealers Association of Canada. But you would never know …

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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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Loonie on track for second-biggest decline ever as pressures pile up

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The Canadian dollar is on track to experience its second-biggest decline on record against the U.S. dollar, and analysts forecast the currency could go lower before it bounces back next year. The loonie is now down nearly 17 per cent against the greenback for 2015, the biggest drop since 2008, …

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A bleaker Canadian economy may be lurking below recent data

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OTTAWA — On the surface, Canada’s economy is displaying signs of returning — albeit in small steps — to some form of normalcy. Inflation has been making a mild and slow comeback in Canada, warming up after a period of ultra-low price gains that characterized much of the past year, …

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Oil to stay below $50 for two years, while other commodities rebound, Scotiabank says

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CALGARY – As benchmark oil prices tumbled to new 11-year lows on Monday, a new report painted a grim picture of the outlook for energy prices next year and 2017. How can Canada make money when it's selling the cheapest oil in the world? The oil collapse that pushed crude …

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