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 Saskatchewan potash producer Canpotext plans shipments to MyanmarSASKATOON - Saskatchewan potash marketer Canpotex Ltd. says it is planning to make its first shipment to Myanmar. The decision comes following the federal government's removal of economic sanctions against the country formerly known as Burma. CEO Steve Dechka says Canpotex also plans to help
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 Union Life Mutual to assume Union of Canada Life policies, liquidator saysTORONTO - Responsibility for all the policies of insolvent Union of Canada Life Insurance has been reassigned to another company under a deal announced Thursday by a court-appointed liquidator. The policies will be transferred to Union Life Mutual Assurance Co., also known as UL Mutual. "A very
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 Ontario Lottery and Gaming looking for private companies to run casinosTORONTO - The Ontario government insists it is not expanding gambling in the province, but it does want to make gaming more accessible to more people. Ontario Lottery and Gaming has issued a request for information from private companies interested in operating casinos or other gambling sites in
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 Bombardier's Q400 enters Poland market with first delivery to carrier EurolotMONTREAL - Bombardier's Q400 NextGen aircraft has pierced the Poland market with the delivery of the first of eight turboprops ordered by Polish carrier Eurolot. The airline also holds options for an additional 12 of the planes. The firm order contract is worth about US$246 million at list
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 Canada Pension Plan Fund assets grow to record $161.6B, diverts cash from stocksTORONTO - The Canada Pension Plan Fund hit a record high last year, adding more than $13 billion to its assets as its investment manager diverted money from stock markets to ramp up its stake in private equity. The 6.6 per cent increase represented a smaller gain than the 11.9 per cent growth
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 Motorists can expect Canadian gasoline prices to be stable this summer: NEBCALGARY - Canada's National Energy Board says motorists will likely pay similar prices for gasoline this summer compared with last year. The NEB is forecasting gasoline will average between $1.20 and $1.35 per litre at the pump, assuming a benchmark price of US$100 per barrel of crude
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 Travelex gold spot quotes at close: C$1,599 bid, C$1,600 ask; silver C$28.50 bidTORONTO - Gold spot price was quoted at C$1,599 bid (US$1,574) and C$1,600 asked (US$1,575) at the close of trading Thursday at Travelex Canada Ltd., a major gold and foreign exchange dealer. At the close, silver spot price was quoted at C$28.50 bid (US$28.03) and C$28.59 asked (US$28.08).
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 Western Financial acquires insurance broker Hodges & Co. Insurances ServicesHIGH RIVER, Alta. - Western Financial Group said Thursday it has acquired Hodges & Co. Insurance Services Ltd., an insurance broker specializing in the commercial insurance based in Victoria. Financial terms of the deal, the company's first in the B.C. capital, were not immediately
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 TSX-listed corporate dividends and distributions declared May 17, 2012TORONTO - Dividends or distributions were declared or updated on the following listed issues on the Toronto Stock Exchange on May 17, 2012. Autocanada Inc. (TSX:ACQ): $0.15. Payable Jun 15. Record May 31. Alaris Royalty Corp. (TSX:AD): $0.095. Payable Jun 15. Record May 31. Allied Properties...
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 Battered forestry industry sets goal for 60,000 additional jobs by 2020OTTAWA - Canada's forestry industry says it is ready for a comeback and expects to hire 60,000 new jobs by 2020. Industry executives unveiled a strategy for growth Thursday to generate an additional $20 billion in economic activity in the next eight years through expanded exports to emerging
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 Applications for US unemployment aid stay at 370,000, level consistent with steady job growthWASHINGTON - The number of Americans seeking unemployment benefits was unchanged last week, suggesting steady gains in the U.S. job market. The Labor Department said Thursday that weekly unemployment aid applications stayed at a seasonally adjusted 370,000, the same level as the previous week.
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 Warren Buffett's Berkshire Hathaway to buy 63 newspapers from Media General for $142MNEW YORK, N.Y. - Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc. Richmond, Va.-based Media General says the $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is
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 Day trips to U.S. dropped in March: StatsCanOTTAWA - Statistics Canada says Canadian travel abroad declined 1.5 per cent to 5.2 million trips in March compared with February, mainly because of fewer day trips south of the border. Overnight travel abroad increased, but fewer same-day car trips to the United States led to an overall
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 Scientific instruments maker Agilent to buy cancer diagnostics provider Dako for $2.2 billionSANTA CLARA, Calif. - Agilent Technologies Inc. said Thursday that it is buying Dako, a Denmark-based cancer diagnostic company, for about $2.2 billion to help it develop a wider range of cancer-fighting products, expand Agilent's life sciences division and boost revenue. The Santa Clara,
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 Wal-Mart's 1Q profit up 10.1 per cent as US business reboundsNEW YORK, N.Y. - Wal-Mart Stores Inc. reported a 10.1 per cent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores. The world's largest retailer also offered an upbeat profit outlook for the current
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 Wal-Mart's 1Q profit up 10.1 per cent as US business reboundsNEW YORK, N.Y. - Wal-Mart Stores Inc. is reporting a 10.1 per cent increase in first-quarter profit as the world's largest retailer's re-emphasis on low prices continues to woo back bargain-hungry shoppers in an uncertain economy. Wal-Mart says that it earned $3.74 billion, or $1.09 per share,
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 Human Genome board adopts 'poison pill' antitakeover plan, rejects GlaxoSmithKline $2.6B bidROCKVILLE, Md. - Biotech drugmaker Human Genome Sciences Inc.'s board has adopted a "poison pill" shareholder rights plan to ward off unsolicited takeover bids, and it also has rejected a buyout offer worth nearly $2.6 billion from British pharmaceutical giant GlaxoSmithKline plc. The company
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 TSX Venture Exchange opened Thursday at 1,219.15, up 1.41 pointsTORONTO - The TSX Venture Exchange opened at 1,219.15, up 1.41 points from Wednesday's close. The volume at 10 a.m. ET was 23.93 million shares.
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 ICE Futures Canada Thursday morning: Canola prices mixed, barley unchangedWINNIPEG - Prices were mixed in mid-morning trading at ICE Futures Canada on Thursday. Canola: July '12 $7.30 higher $608.30; Nov.'12 $3.70 higher $562.10; Jan '13 $1.80 higher $563.20; March '13 $3.50 higher $567.70; May '13 $3.20 higher $568.80; July '13 $1.80 higher $568.20; Nov. '13 $4.90...
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 Toronto gold quoted at C$1,591 bid, C$1,592 asked in mid-morning tradingTORONTO - Gold was quoted at C$1,591 bid (US$1,567) and C$1,592 asked (US$1,568) in mid-morning trading Thursday at Travelex Canada Ltd., a major gold and foreign exchange dealer.
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 Candax consolidates ownership of El Bibane and Robbana oilfields in TunisiaTORONTO - Candax Energy Inc. (TSX:CAX) said Wednesday it has signed a deal to consolidate its ownership of two oilfields in Tunisia. Terms of the agreements were not immediately available. The Toronto-based oil and gas company said it now has 100 per cent ownership of the El Bibane field and
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 Canada Bond yields and prime rates for Wednesday, May 16TORONTO - Canada Bond yields (previous day in brackets): Two-year: 1.28% (1.29) Five-year: 1.46% (1.47) 10-year: 1.93% (1.93) 30-year: 2.45% (2.45) Interest rates: Prime rate: 3.00% Overnight lending rate:
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 Most actively traded companies on the TSX, TSX Venture Exchange marketsTORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (11,326.08, down 16.97 points): Cequence Energy Ltd. (TSX:CQE). Oil and gas. Unchanged at $1.43 on 9,286,249 shares. Aura Minerals Inc. (TSX:ORA).
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 J.C. Penney's shares drop by highest percentage since the stock market crash of Oct. 1987NEW YORK, N.Y. - Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does. The department store chain's stock plunged nearly 20 per cent on Wednesday-- the biggest decline since the 1987 market crash. The drop comes a day after Penney said it would
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 Allied Properties to buy office property in Kitchener, Ont., for $61.75MTORONTO - Allied Properties Real Estate Investment Trust (TSX:AP.UN) said Wednesday that it has signed a deal to buy the Lang Tannery office complex in Kitchener, Ont., for $61.75 million. The property, which includes two multi-storey buildings, two single-storey buildings and 345 parking
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