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Bill Gates still richest man alive|
Bill Gates has returned to the top of Forbes magazine's annual list of the world's richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women.
Acquisitions drive Scotiabank profit increase|
Bank of Nova Scotia said on Tuesday that quarterly profit rose 13%, helped by higher markets-related income and the acquisitions of Canadian online lender ING Direct and Colombia's Banco Colpatria.
Bank of Canada delays rate hike due to weak growth, inflation|
The Bank of Canada held its overnight interest rate at 1% on Wednesday but dramatically revised its projections to say any hike would be further away than previously thought, because of excess capacity, soft inflation and stabilizing household debt.
Economy shrinks in August|
The economy unexpectedly shrank by 0.1% in August from July, pointing to slower growth in the third quarter than in the first half of the year and supporting the central bank's message that interest rate hikes are less imminent.
Petronas, Progress extend closing date on proposed deal|
Malaysian state oil firm Petronas said on Monday it has extended the closing date on its bid for Canadian gas producer Progress Energy Resources until Nov. 30, as it works to overturn the Canadian government's rejection of the proposed deal.
Hurricane Sandy won't dampen Wall Street|
U.S. stock exchanges and Wall Street banks are sending employees into Manhattan on Sunday to stay in hotels and coworkers' homes, as markets prepare to open for business on Monday even as Hurricane Sandy brings public transportation to a halt.
Ford to close Belgian plant by 2014's end|
Ford Motor Co will close a factory employing 4,300 workers in the Belgian town of Genk by the end of 2014, shifting production to Valencia, Spain, as the U.S. automaker tries to stem European losses.
Loonie stronger as BoC keeps rate hike in view|
The Canadian dollar sharply strengthened versus the U.S. currency on Tuesday after the Bank of Canada largely retained its hawkish view that interest rates should be raised over time.
Loonie hits 10-week low after Progress deal blocked|
The Canadian dollar skidded to a more than 10-week low against the U.S. currency on Monday, hurt by a blocked energy sector takeover and expectations that the central bank will drop its hawkish tone on interest rates on Tuesday.
TD Bank loses data on 260,000 U.S. clients|
Toronto-Dominion Bank is looking for answers after losing data tapes containing information on 260,000 U.S. bank customers, but the lender said it had no reason to think the data was being misused.
Slump in August imports shows soft economy|
Canada's imports in August dropped by a surprising 3.1% from July, suggesting the Canadian economy is struggling to cope with weak international markets and slowing domestic demand.
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Cheaper drug prices come at a cost|
Public debates regarding new drugs tend to focus on the high prices we as consumers or taxpayers have to pay to gain access to them. But we should not forget one basic reality: the development of new drugs is a risky and extremely expensive gamble.