Ring of Fire miners want Ontario to start making decisions

Two of the biggest players in the Ring of Fire say the province has to start making decisions to move the mining development forward. Noront Resources CEO Paul Parisotto said, while he'd like to have his mine in the far north open by now, he's not in...

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Bitcoin exchange, Mt. Gox, files for bankruptcy

The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hundred million dollars, are unaccounted for. The exchange's CEO Mark Karpeles appeared before Japanese TV news...

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Canada's economy expands at 2.9% pace, beating forecasts

Canada's economy expanded an an annualized pace of 2.9 per cent in the last three months of 2013, Statistics Canada reported Friday. That was better than the downward-revised pace of 2.4 per cent seen in the U.S. over the same period. It was also...

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U.S. economy slows to 2.4% growth

New The Associated Press Posted: Feb 28, 2014 8:44 AM ET Last Updated: Feb 28, 2014 9:03 AM ET Stay Connected with CBC News Latest Business Headlines TSX COMPOSITE Feb 28, 2014 10:15 AM ET Feb...

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Citigroup finds fraud at Mexico unit

U.S. bank cuts profit forecast on loan losses related to oil services company Oceanografia The Associated Press Posted: Feb 28, 2014 10:19 AM ET Last Updated: Feb 28, 2014 10:19 AM ET Citigroup is lowering its fourth-quarter and full-year...

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TD hikes dividend 9% on profit jump to $2B

CBC News Posted: Feb 27, 2014 9:55 AM ET Last Updated: Feb 27, 2014 10:01 AM ET Stay Connected with CBC News Latest Business Headlines TSX COMPOSITE Feb 27, 2014 10:19 AM ET Feb 27, 2014 10:19 AM...

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Heinz signs deal with company to keep jobs in Leamington

H.J. Heinz Co. has signed a letter of intent with Highbury Canco Corp. to acquire the Heinz Leamington facility and become a contract packer for the food giant. "We will continue to manufacture certain identified Heinz products and as well provide certain...

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SNC-Lavalin paid Gadhafi son's wife as Libya fell: Ex-VP

Canadian engineering giant SNC-Lavalin is facing fresh allegations about the company's close ties to Libya's former Moammar Gadhafi regime, including the claim in court documents that SNC put the wife of a Gadhafi son on its payroll during...

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CIBC profit jumps 42% to $1.2B

CIBC is reporting $1.177 billion of net income in the first quarter, up nearly 50 per cent from last year, as it books a gain from the sale of half its Aeroplan credit card business and other items. CIBC's adjusted net income, which excludes unusual...

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Boeing smartphone targets aerospace, government

Boeing unveiled a smartphone targeted at the defence and aerospace sectors late Wednesday. ((Boeing)) Boeing Co. on Wednesday unveiled a smartphone that appears to come straight from a James Bond spy movie. In addition to encrypting calls, any attempt...

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Mt. Gox shutdown a major blow for bitcoin

In yet another blow to virtual currency bitcoin, a major bitcoin exchange has gone bust after secretly racking up catastrophic losses, other virtual currency companies said Tuesday. Tokyo-based Mt. Gox posted an update on its website...

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Heinz Leamington announcement coming this week

Good news appears to be in store for Leamington, which was to be hard hit by the scheduled closure of the Heinz processing plant there. Leamington Mayor John Paterson tells CBC News he is cutting short his attendance at the Good Roads Association conference...

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Ottawa's responsible mining review awaited by NGOs

The federal government's five-year review of Canada's corporate social responsibility strategy for the mining, oil and gas industry is expected to be released as early as next week. But documents obtained by CBC News suggest the long-anticipated report...

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Royal Bank raises dividend 6%, 1st-quarter profit up 2%

Adjusted earnings per share increase to $1.47, beating analyst estimates The Canadian Press Posted: Feb 26, 2014 7:06 AM ET Last Updated: Feb 26, 2014 7:16 AM ET Royal Bank of Canada says its first-quarter net income was $2.09 billion,...

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Tesla stock surges after Morgan Stanley report

Shares of Tesla Motors Inc. surged 16 per cent Tuesday after a Wall Street analyst told investors that Tesla could shake up the electric utility sector as well as the auto industry on the same day Consumer Reports named the Model S its top pick of this...

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Jim Flaherty undecided on 2015 election run

Canada's Finance Minister Jim Flaherty has not yet decided whether to run for office again in the 2015 general election, he told Reuters on Tuesday, amid speculation he may step down before then to attend to health issues. "We'll see. I haven't decided,"...

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Mt. Gox, Bitcoin exchange website, offline

The website of major Bitcoin exchange Mt. Gox is offline amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency. The URL of the Tokyo-based Mt. Gox was returning...

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Housing to get less affordable as mortgage rates rise, RBC warns

The Royal Bank of Canada says the ability of Canadians to keep up with housing costs has been improving of late, but warns that's about to change. RBC's latest housing affordability measure shows home servicing costs relative to incomes dipped slightly...

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BMO profit up 2% to $1.06B

Bank of Montreal reports it had $1.06 billion of net income in the first quarter, up two per cent from a year earlier, as the bank cut its provisions for credit losses by nearly half. BMO's net income amounted to $1.58 per share, before adjustments,...

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Tim Hortons plans 800 more restaurants

Tim Hortons has laid out an ambitious plan to add 800 more franchise outlets by 2018, the latest shot in an escalating war to stay on top of the quick breakfast and coffee market. The TSX-listed company said Tuesday it will add as many as 300 new locations...

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Canadian dollar lifts, but stocks fall

The Canadian dollar turned higher late morning Friday amid data showing the economy continued to register respectable growth during November. The loonie was ahead 0.22 of a cent to 89.78 cents US as Statistics Canada reported that gross domestic product...

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Keystone XL gets environmental OK from U.S. State Dept.

The U.S. State Department gave a vote of confidence to the Keystone XL pipeline on Friday, saying in a report that it has no major environmental objections to the construction of the megaproject. The report says development of the massive pipeline to...

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Bombardier, Quebec to invest $1B in Gaspé cement plant

Bombardier's founding family is partnering with Quebec's government and two provincial agencies to invest $1 billionin a new cement plant in the Gaspé region. The project is expected to support about 2,300 jobs during the construction phase....

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Head of CPP fund investing 'where the puck is going to be'

The man in charge of the $200 billion fund that underpins the Canada Pension Plan invests with a very long horizon. Mark Wiseman, president and CEO of the Canada Pension Plan Investment Board, uses the analogy of Wayne Gretzky, saying  "we're going...

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Keystone XL supporters, detractors clash over U.S. pipeline report

The Conservative government received some much-needed good news this week in the form of the U.S. State Department's massive and benign final assessment of the proposed Keystone XL pipeline. Ever since Stephen Harper called American approval of the...

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