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Alberta To Have 2nd-Largest Economy In Canada In 3 Years: Bloomberg

(0) Comments | Posted July 23, 2014 | 11:09 AM

If trends continue, Alberta will have a larger economy than Quebec within three years, according to estimates from financial news service Bloomberg.

That’s despite the fact Quebec’s population is twice that of Alberta’s — 8.1 million compared to 4 million.

It’s the latest sign of what...

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NHL Sustainability Report Warns Of Climate Change's Impact On Hockey

(4) Comments | Posted July 22, 2014 | 4:38 PM

The National Hockey League has issued what it calls the first sustainability report ever released by a North American major sports league, and the report warns climate change could affect the future of hockey.

Our sport can trace its roots to frozen freshwater ponds, to cold climates,” NHL...

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Canada's Real Wealth Gap Is Old Versus Young, And The Young Can't Keep Up

(2) Comments | Posted July 21, 2014 | 3:33 PM

The boom in stocks, bonds and the housing market over the past 30 years has made Canadian seniors far richer than they have ever been, but younger generations aren’t sharing in that wealth to nearly the same extent, a new report from BMO says.

It’s a given that older workers...

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What An Average Canadian House Will Buy You Around The World

(0) Comments | Posted July 21, 2014 | 12:40 PM

The average house price in Canada hit $413,000 in June, an all-time record and a 7-per-cent jump from a year earlier. The average home in Canada today is worth $100,000 more than it was just five years ago. Little wonder many experts are wondering whether there is a correction in...

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Bacon Prices Soar, Again, In June: StatsCan

(24) Comments | Posted July 19, 2014 | 11:39 AM

Bacon prices in Canada are nearly 27 per cent higher today than they were a year ago, as a crisis in the industry continues to push costs into the stratosphere.

Bloomberg reporter and former Bank of Canada economist Ilan Kolet tweeted the chart below, showing bacon prices surging by 5.8...

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Eli Lilly Trying To Create 'Supranational Court' With Lawsuit Against Canada, Feds Say

(37) Comments | Posted July 18, 2014 | 8:47 AM

The federal government has accused a U.S. pharmaceutical giant of trying to turn the North American Free Trade Agreement’s arbitration panel into a “supranational court of appeal.”

Indiana-based Eli Lilly last fall went to the NAFTA arbitration panel and filed a lawsuit for $500 million against the Canadian...

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Rogers: Warrant Needed From Now On For Subscriber Data

(18) Comments | Posted July 16, 2014 | 1:20 PM

Rogers Communications says from now on it will require police to get a warrant before it hands over subscriber data.

“After hearing feedback from our customers and reviewing the Supreme Court ruling from last month, we’ve decided that from now on we will require a court order/warrant to provide basic...

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TransCanada 'Gag Order' Preventing Mattawa From Talking About Pipeline Rejected

(7) Comments | Posted July 15, 2014 | 2:46 PM

Under fire from environmental activists, a northern Ontario town has vowed to remove a contract clause that would have prevented it from publicly discussing pipeline builder TransCanada.

The town of Mattawa last month agreed to “not publicly comment on TransCanada’s operations or business projects” as part of a...

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Canadian Imports Of U.S. Oil Double In A Year, Posing New Challenge To Oilsands

(67) Comments | Posted July 15, 2014 | 10:23 AM

Canadian energy producers are increasingly finding themselves in competition with the market to which they primarily export: the United States.

Oil exports to Canada doubled in just the past year, according to data from the U.S. Energy Information Administration.

Canada imported some 263,000 barrels of crude oil per...

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Ontario's Job Market Is Beginning To Look Like A Disaster

(114) Comments | Posted July 13, 2014 | 10:37 AM

The foundations of Ontario’s job market are turning into quicksand that threatens to swallow the province’s economic future — and despite all the heated political rhetoric out there, at least one prominent economist believes the problem may not have a policy solution.

Ontario passed a grim historic milestone last month:...

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CSEC Staff Levels Hit Record High, As Other Agencies Suffer Through Austerity

(121) Comments | Posted July 10, 2014 | 4:48 PM

The Harper government is working to slash the size of the public service, but at least one agency is exempt from the austerity push.

Staff levels at Canada’s electronic spy agency hit a record high last month, according to national security blog Lux Ex Umbra.

There were

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TPP Talks In Ottawa: Brunei's Brutal Sharia Law Raises Questions About Future Of Trade Deals

(120) Comments | Posted July 10, 2014 | 1:17 PM

Ottawa is host this week to the latest round of negotiations on the Trans-Pacific Partnership, a proposed 12-country trading bloc that would include Pacific Rim countries such as Japan and the U.S., and would form the world’s largest free trade area, covering nearly 800 million people.

While Canadian...

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Average Canadian Inheritance Nearly $100,000: BMO

(19) Comments | Posted July 9, 2014 | 8:44 AM

The average inheritance in Canada today is just under $100,000, according to a new survey from BMO, and some two-thirds of Canadians anticipate they will get one.

That’s good news for baby boomers, many of whom are entering their senior years with far too little saved...

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Commodity-Rich Provinces Run Away With Wealth, Jobs: TD Bank

(5) Comments | Posted July 8, 2014 | 1:01 PM

Canada’s regional economic divide isn’t going anywhere, but it will narrow a little in the coming year thanks to slightly faster economic growth in the east, TD Bank says in a new report.

That said, the boom in commodity prices in recent years has made commodity-rich provinces the runaway winners...

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Luxury Home Sales In Canada See Massive Growth: Sotheby's

(15) Comments | Posted July 8, 2014 | 7:23 AM

Sales of million-dollar homes in Canada’s largest cities shot through the roof in the first half of this year, according to luxury real estate agency Sotheby’s International Canada, which expects the market to heat up even more in the second half of this year.

But the report does not address...

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TPP Talks' Last-Minute Venue Shift Marks 'A New Low In Transparency'

(134) Comments | Posted July 7, 2014 | 3:23 PM

Negotiations over the Trans-Pacific Partnership (TPP) have long been a guarded secret, but critics say the Harper government went the extra mile to keep the latest round of talks out of the public eye.

Talks on the world’s largest (so far) free trade area were slated to begin July 3...

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TransCanada's Contract With Mattawa Requires Town To Stay Silent About Company

(87) Comments | Posted July 6, 2014 | 12:48 PM

The mayor of a small northern Ontario town along the route of the planned Energy East pipeline is defending a contract with pipeline builder TransCanada that critics say amounts to a “gag order” in exchange for a $30,000 gift.

The town of Mattawa has negotiated a deal that will see...

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CBC: Netflix Should Pay Tax To Subsidize CanCon

(132) Comments | Posted July 5, 2014 | 10:48 AM

The CBC and Netflix have found themselves on opposite sides in a battle over the future of funding for Canadian content.

The CBC wants the CRTC, Canada’s telecom regulator, to require Netflix to subsidize the production of local programming.

In a submission to a CRTC review of Canadian TV regulations,...

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NSA Not Spying On Canadians, But The 'Five Eyes' Are

(37) Comments | Posted July 4, 2014 | 12:54 PM

A secret court authorization allows the NSA to spy on all of the world’s countries except four, one of them being Canada, according to U.S. government documents obtained by the Washington Post.

The NSA automatically filters out phone calls from Britain, Canada, Australia and New Zealand, the Post...

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Jet Naked, Canada Jetlines Usher In Age Of Low-Cost Flying ... Maybe

(42) Comments | Posted July 3, 2014 | 8:19 AM

Is the age of ultra low-cost airlines finally coming to Canada? Two new startup airlines hope so, but if history is any indicator, they’ll have an uphill fight making Canada an affordable airline market.

Two new discount carriers, one based in Calgary the other in Vancouver, are promising to cut...

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