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Goldman Sachs takes majority stake in alternative lender Financeit
TORONTO – Alternative lender Financeit says Goldman Sachs has taken a majority stake in the…
Cenovus Energy eyes 500 to 700 staff cuts as it adopts lower 2018 spending plan
CALGARY – The new chief executive of Cenovus Energy Inc. unveiled plans for a leaner…
As Olympics near, South Korea agonizes over post-Games costs
GANGNEUNG, Korea, Republic Of – South Korean officials have ruled out turning a state-of-the-art Olympic…
Business survivors: AP revisits owners from recession years
NEW YORK – They are business survivors — owners whose small companies withstood the Great…
New infrastructure agency names interim executive to oversee investments
OTTAWA – A board director for the new federal infrastructure financing agency is temporarily stepping…
Decade since recession: Thriving cities leave others behind
As the nation’s economy was still reeling from the body blow of the Great Recession,…
Sports unions unveil universal declaration of player rights
WASHINGTON – Leaders from the NFL, NBA, NHL and Major League Baseball players associations helped…
Will US companies put overseas cash to work? Don’t bet on it
WASHINGTON – The Republican tax plan seems about to hand a bow-tied holiday gift to…
Debt-to-household-income ratio rises in third quarter, household net worth
OTTAWA – Sky-high debt loads are one of the central bank governor’s top concerns, he…
Capital Power says Whitla wind project will cost $315M-$325M to build
CALGARY – Capital Power Corp. (TSX:CPX) says its southern Alberta Whitla Wind power project will…
Bombardier on the cusp of breaking even on runway to turnaround, says CFO
MONTREAL – After years of underwhelming results, layoffs and near bankruptcy, Bombardier Inc. says it…
CPPIB forming joint venture to invest in Brazilian wind power
TORONTO – The Canada Pension Plan Investment Board has signed a joint venture to invest…
CREA says lower sales forecast will cost economy $1B in lost economic activity
TORONTO – The Canadian Real Estate Association said Thursday its lower home sales forecast will…
Bitcoin more akin to gambling than investing, says BoC governor Poloz
TORONTO – Bank of Canada governor Stephen Poloz is sounding the alarm on Bitcoin, calling…
NAFTA: In new phase of talks, search starts for solutions to break impasse
WASHINGTON – NAFTA negotiations are approaching a new phase of talks after early rounds marked…
Alberta challenges ‘petty’ Saskatchewan licence plate ban under free-trade rules
EDMONTON – Alberta is taking legal action against Saskatchewan’s licence plate ban, calling it a…
Airbus shakes up top management amid legal woes
PARIS – Airbus said Friday that its CEO, Tom Enders, will step down in 2019,…
Russia to resume flights to Egypt, halted after 2015 bombing
MOSCOW – Russia and Egypt signed a deal on Friday to resume flights between Moscow…
White House to push merit-based immigration in new campaign
WASHINGTON – The White House is embarking on a major campaign to turn public opinion…
Drones to help assess destruction, health of B.C.’s forests after fires
VANCOUVER – Drones are being used to assess the aftermath of the worst fire season…
Quebec announces $44 million to help modernize taxi industry, compensation to come later
MONTREAL – The Quebec government says it won’t be reimbursing taxi drivers immediately for the…
Tentative deal reached in case of Canadian firm that sold cancer drug online
WINNIPEG – A tentative plea agreement has been reached that would see a Winnipeg-based online…
Huge Halifax convention centre officially opens five years after first proposed
HALIFAX – Following years of controversy and delays Halifax’s new convention centre officially opened its…
CSX Corp. says president and CEO Hunter Harrison on medical leave
Hunter Harrison, the bombastic former head of both major Canadian railways and current president and…