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Canada’s Economy Outperforming the U.S.

Canada’s economy expanded at a 1.8 per cent annual pace during the last quarter, the same growth seen at the start of the year and slightly better than what economists were expecting. Statistics Canada said Friday that an increase in business investment was the biggest factor contributing to growth. Economists had been expecting a 1.6 […]

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Banks Lose Trust As Service Charges Rise

Canada’s banks are solid, but their service seems to be slipping. After keeping fees stable for awhile, banks are raising charges on a variety of services. Interest rates on lines of credit are being adjusted. At the same time, banks are reporting record profits and senior executives are earning compensation packages that put them ahead […]

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Markets, Dollar, Rally on EU Crisis Plan

Stocks, the Canadian dollar and commodities all soared Friday in the wake of an agreement among European leaders to a set of prescriptions for their debt crisis. But analysts questioned how long the rally would hold. In Toronto, the S&P/TSX composite index closed up 171.86 points, or 1.5 per cent, at 11,596.56. In New York, […]

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Job Market Slows in May

Canada’s unemployment rate held steady at 7.3 per cent in May following two months of large gains. Statistics Canada said Friday the economy created 7,700 new jobs last month. That wasn’t enough to move the employment rate one way or the other, although it was slightly ahead of the 5,000 gains that economists were expecting. […]

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Oilsands Critics put Spotlight on Foreign Ownership

Anti-oilsands activists hit back at recent criticism of foreign funding of environmental charities Thursday by releasing a report showing oilsands companies are overwhelmingly foreign-owned. ForestEthics Advocacy — a spin-off of ForestEthics, which is a registered charity — released a shareholder analysis conducted using Bloomberg statistics that found 71 per cent of all companies operating in […]

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Apple tops BlackBerry in Canadian sales

Research in Motion’s home-country advantage has worn off amongst Canadian consumers. For the first time, its BlackBerry is no longer the top selling smartphone in the country, according to data compiled by research firm IDC and Bloomberg. Apple’s wildly popular iPhone device took the top spot for 2011 with sales of 2.85 million devices in […]