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  • Sears Canada CEO wants middle-class shoppers, won't chase upscale market
    Sears Canada CEO wants middle-class shoppers, won't chase upscale market

    TORONTO - Sears Canada isn't interested in stocking high-priced runway styles and lavish decor because it's not what middle-class shoppers want to buy, chief executive Douglas Campbell says.

    Sears Canada CEO wants middle-class shoppers, won't chase upscale market

    TORONTO - Sears Canada isn't interested in stocking high-priced runway styles and lavish decor because it's not what middle-class shoppers want to buy, chief executive Douglas Campbell says.

  • Bank of Canada Governor Poloz speaks during a news conference in Ottawa
    Bank of Canada sees evidence exports poised to heat up

    By Bryn Levy SASKATOON, Saskatchewan (Reuters) - Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut …

    Bank of Canada Governor Poloz speaks during a news conference in Ottawa

    By Bryn Levy SASKATOON, Saskatchewan (Reuters) - Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut is just as possible as a hike because the economic outlook is so uncertain. "We're expressing true neutrality on that …

  • Canadian government proposes new risk-sharing pension plan

    By Leah Schnurr and Andrea Hopkins TORONTO (Reuters) - Canada's Conservative government proposed a new voluntary pension plan on Thursday that would shift investment risks to employees in a bid to make …

    By Leah Schnurr and Andrea Hopkins TORONTO (Reuters) - Canada's Conservative government proposed a new voluntary pension plan on Thursday that would shift investment risks to employees in a bid to make pensions more sustainable, touting it as a third option to the two main types of plans now in place. The government also …

  • Pension debate heats up as Ottawa floats TPP

    As the Baby Boom generation continues its long, slow goodbye from the workforce, the debate around the looming pension crisis in Canada continues, along with the number of ideas to fix the problem. The …

    Minister of State (Finance) Kevin Sorenson speaks on December 16, 2013 in Chelsea, Que. THE CANADIAN PRESS/Adrian Wyld

    As the Baby Boom generation continues its long, slow goodbye from the workforce, the debate around the looming pension crisis in Canada continues, along with the number of ideas to fix the problem. The federal government announced a proposal Thursday … Continue reading →

  • C.D. Howe report says temporary foreign workers program has boosted joblessness

    OTTAWA - A new report by the C.D. Howe Institute is harshly critical of the federal government's controversial temporary foreign workers program, saying it has spurred joblessness in western Canad …

    Temporary foreign workers being approved too easily, expert warns

    OTTAWA - A new report by the C.D. Howe Institute is harshly critical of the federal government's controversial temporary foreign workers program, saying it has spurred joblessness in western Canada.

  • Delays haven't soured Imperial on Keystone XL pipeline, but other options open

    CALGARY - One of Canada's largest oilsands producers isn't soured on the proposed Keystone XL pipeline, despite news that the US$5.4-billion project has been delayed yet again.

    Photos of the day - April 24, 2014 Baby gorilla Jengo play’s with the hand of female adult gorilla Kumili at the zoo in Leipzig, Germany –– A polar bear cub plays with its mother at the Leningrad Zoo in St. Petersburg –– Keystone pipeline protesters hold a sign protesting the pipeline while standing in the Reflecting Pool in Washington, DC –– A boy looks at the World War One Wall of Remembrance at the Australian National War Memorial in Canberra –– President Barack Obama and ASIMO, an acronym for Advanced Step in Innovative MObility, bow to each other in Tokyo… are just a few of the photos of the day for April 24, 2014. (Photos by Jens Meyer/AP Photo, Alexander Demianchuk/REUTERS, Mark Wilson/Getty Images, Jason Reed/REUTERS, Carolyn Kaster/AP Photo) 
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    CALGARY - One of Canada's largest oilsands producers isn't soured on the proposed Keystone XL pipeline, despite news that the US$5.4-billion project has been delayed yet again.

  • Sears Canada CEO says not pursuing more asset sales for now

    By Solarina Ho TORONTO (Reuters) - Department store chain Sears Canada is not actively pursuing any asset sales but would consider opportunities that would "substantially" add value, the company's chief …

    By Solarina Ho TORONTO (Reuters) - Department store chain Sears Canada is not actively pursuing any asset sales but would consider opportunities that would "substantially" add value, the company's chief executive said on Thursday. Sears Canada, 51 percent controlled by hedge fund billionaire Edward Lampert and his Sears …

  • Canada to decide in June on proposed Enbridge oil pipeline: minister

    By Julie Gordon VANCOUVER (Reuters) - Canada will meet a mid-June deadline for its final decision on whether to authorize the construction of Enbridge Inc's proposed Northern Gateway crude oil pipeline, …

    Canada's Employment and Multiculturalism Minister Jason Kenney speaks during Question Period in House of Commons on Parliament Hill in Ottawa

    By Julie Gordon VANCOUVER (Reuters) - Canada will meet a mid-June deadline for its final decision on whether to authorize the construction of Enbridge Inc's proposed Northern Gateway crude oil pipeline, a government minister said on Thursday. "Of course we'll meet our deadline, there's a statutory deadline that we have …

  • Bank of Canada sees export recovery, but low inflation if wrong

    The Bank of Canada is more hopeful than before for the recovery of the country's exports but if exports do worse than expected, overall inflation will fall again and drift further from the target, Governor …

    Bank of Canada Governor Poloz speaks during a news conference in Ottawa

    The Bank of Canada is more hopeful than before for the recovery of the country's exports but if exports do worse than expected, overall inflation will fall again and drift further from the target, Governor Stephen Poloz said on Thursday. A new study by the central bank of Canada's non-energy exports found that while some …

  • Canadian government plans decision on Telus' Mobilicity bid 'soon'

    Canadian Industry Minister James Moore said on Thursday he plans to announce a decision soon on whether or not to approve Telus Corp's C$350 million ($317.42 million) bid for Mobilicity. The federal government …

    A screen displays the logos of Canadian telecom companies as Industry Minister James Moore speaks during a news conference in Ottawa

    Canadian Industry Minister James Moore said on Thursday he plans to announce a decision soon on whether or not to approve Telus Corp's C$350 million ($317.42 million) bid for Mobilicity. The federal government has twice rejected previous Telus bids for the struggling wireless upstart on the grounds that a purchase would …

  • Are Canada's job numbers really the best in the G7?

    OTTAWA - "Since the worst of the recession in July 2009, our government has created over 1 million net new jobs. This is the strongest job growth over the recovery among G7 countries."

    Federal Finance Minister Joe Oliver speaks at a luncheon of the Halifax Chamber of Commerce in Halifax on Tuesday, April 22, 2014. THE CANADIAN PRESS/Darren Pittman

    OTTAWA - "Since the worst of the recession in July 2009, our government has created over 1 million net new jobs. This is the strongest job growth over the recovery among G7 countries."

  • PotashCorp has Q1 earnings of US$340 million, says market conditions improving

    SASKATOON - Potash Corp. of Saskatchewan Inc. earned US$340 million in the first quarter, down from the same time last year, but better than it expected at the beginning of 2014, the fertilizer producer …

    PotashCorp has Q1 earnings of US$340 million, says market conditions improving

    SASKATOON - Potash Corp. of Saskatchewan Inc. earned US$340 million in the first quarter, down from the same time last year, but better than it expected at the beginning of 2014, the fertilizer producer ...

  • CIBC eyeing growing U.S. presence, says CEO who will retire in two years

    MONTREAL - CIBC says it is eyeing big-ticket acquisitions in the United States as the Toronto-based bank seeks to boost earnings from wealth management to about 15 per cent of overall adjusted profits …

    A pedestrian walks past a CIBC branch in Montreal

    MONTREAL - CIBC says it is eyeing big-ticket acquisitions in the United States as the Toronto-based bank seeks to boost earnings from wealth management to about 15 per cent of overall adjusted profits....

  • Barrick Gold makes renewed overture to Newmont: report

    TORONTO - Barrick Gold Corp. (TSX:ABX) has renewed its overtures to Newmont Mining Corp. to resume merger talks, the Globe and Mail reports.

    Barrick Gold makes renewed overture to Newmont: Globe and Mail reports

    TORONTO - Barrick Gold Corp. (TSX:ABX) has renewed its overtures to Newmont Mining Corp. to resume merger talks, the Globe and Mail reports.

  • Canada poised for an export boom as U.S., global economies improve: EDC

    OTTAWA - A new forecast from the federal export agency predicts Canada's economy is on the threshold of stronger growth thanks to a long-awaited recovery in the export sector.

    A worker drives past cargo containers stacked beneath cranes at Port Metro Vancouver in Vancouver, B.C., on Thursday March 13, 2014. THE CANADIAN PRESS/Darryl Dyck

    OTTAWA - A new forecast from the federal export agency predicts Canada's economy is on the threshold of stronger growth thanks to a long-awaited recovery in the export sector.

  • Fading iPad sales mark the end of Apple’s big bang era

    It isn’t easy getting older. Apple’s strong Q2 2014 performance, capped by a 7-for-1 stock split, an 8 per cent dividend boost and a US$30 billion increase in its stock buyback plan, was more than enough …

    An illustration picture show sapplication icons are displayed on an Apple Ipad tablet held by a woman in Bordeaux

    It isn’t easy getting older. Apple’s strong Q2 2014 performance, capped by a 7-for-1 stock split, an 8 per cent dividend boost and a US$30 billion increase in its stock buyback plan, was more than enough to keep investors happy … Continue reading →

  • Buffett: moving oil by rail safely major industry concern

    By Luciana Lopez NEW YORK (Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents …

    Buffett, co-chair of the 10,000 Small Businesses Advisory Council, takes part in a panel discussion in Detroit, Michigan

    By Luciana Lopez NEW YORK (Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil safely. He added that the delay in the construction of the Keystone pipeline …

  • McDonald's Canada freezes use of foreign worker plan

    By Julie Gordon VANCOUVER (Reuters) - The Canadian unit of McDonald's Corp has suspended all of its applications under the country's temporary foreign worker program as its undergoes a third-party audit …

    A McDonald's drive-thru location is seen in Toronto

    By Julie Gordon VANCOUVER (Reuters) - The Canadian unit of McDonald's Corp has suspended all of its applications under the country's temporary foreign worker program as its undergoes a third-party audit on its use, the restaurant chain said on Wednesday. The move comes after the fast-food giant was criticized in media …

  • Loblaws real estate spinoff Choice Properties beats its first-quarter forecast

    BRAMPTON, Ont. - Loblaw spinoff Choice Properties Real Estate Investment Trust (TSX:CHP.UN) delivered first-quarter results on Wednesday that it says are in line with forecasts it made last summer.

    People walk by a Loblaw Companies Limited grocery store with a Joe Fresh clothing store inside, in Toronto

    BRAMPTON, Ont. - Loblaw spinoff Choice Properties Real Estate Investment Trust (TSX:CHP.UN) delivered first-quarter results on Wednesday that it says are in line with forecasts it made last summer.