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Latest Canadian News
- East Coast - Business and Money
Find the latest news for the topic Business and Money and for the region of East Coast
Loonie can cut both ways
Canadians have complained loudly in recent years about paying more for things at home than in the United States despite a loonie that has been close to, or even higher than, parity with the U.S dollar.
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Small business confidence is climbing
The latest survey data from the Canadian Federation of Independent Business (CFIB) says nationally, small business confidence has climbed up almost a point and a half above its November level.
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Oil Prices
Brent crude rose for the second straight session yesterday, closing at a seven-week high after the European Union reached a preliminary agreement to ban imports of Iranian crude, escalating tensions in the West's standoff with Tehran that has gripped oil markets for weeks.
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Markets
Wednesday, Jan. 4 closing market numbers:
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A look at employee stock options
Stock options of public and private companies are taxed differently. This article focuses on the taxation of Canadian or foreign public company stock options.
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Floods affect economy
A worker hangs over railings while painting during renovation works in front of a hotel in Bangkok, Thailand.
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Yahoo nabs PayPal's president as new CEO
Yahoo (YHOO.O) named PayPal President Scott Thompson as its chief executive on Wednesday, hoping the well-regarded Internet technology and e-commerce expert will replicate his success at eBay Inc (EBAY.0) and turn around the struggling company.
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Boeing closing plant
Boeing Co (BA.N) said it would close its Defense, Space & Security facility that employs more than 2,160 workers in Wichita by the end of 2013 as part of a move to cut costs amid a tightening U.S. defence budget.
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Market gains continue
Canadian stocks on Wednesday clawed their way to a second day of gains in the New Year, as rising U.S. auto and retail sales offset lower-than-expected factory orders and concerns over European bank financing.
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European Central Bank expected to cut rates
Euro zone inflation dropped below 3 per cent for the first time in three months in December, kicking off a slowdown economists expect will revive deflation fears and tempt the ECB to cut rates below 1 per cent for the first time in its history.
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U.S. shale gas market booms
China's Sinopec (600028.SS) and France's Total SA (TOTF.PA) made major purchases in the U.S. energy sector on Tuesday, pouring US$4.5 billion into deals to buy into booming production from shale rock formations.
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Kodak might file for bankruptcy protection
Eastman Kodak is preparing a Chapter 11 bankruptcy protection filing in case it is unable to sell its digital patents to raise capital, The Wall Street Journal reported Wednesday.
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Xplornet upgrades video streaming
With the use of a new software tool, Xplornet Communications plans to improve video-streaming for customers who use applications such as Netflix, Apple TV and YouTube.
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Lululemon stock rises
Shares of yogawear retailer Lululemon Athletica Inc. rose nearly nine per cent on Wednesday after Goldman Sachs added the stock to its conviction-buy list.
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Business digest
Sudan will impose monthly fees on crude oil flowing from the newly-independent south until the two nations reach an agreement on transport payments, Sudan's President Omar al-Bashir said Wednesday, in a hardening of Sudan's position.
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Auto sales revving up in 2012
General Motors, Ford Motor Co., and Chrysler announced double-digit sales gains for the year, adding to confirmation 2011 was a year of recovery for the U.S. auto market.
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Housing up in Moncton, Fredericton
The New Brunswick housing market remained relatively stable in 2011, with modest growth in Moncton and Fredericton overall for the year.
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Atlantic companies sailed through storms of 2011
Despite a rocky global economy in 2011, Atlantic Canadian companies pulled out of the year in fairly good shape compared to the broader market, according to the Atlantic Canadian Index released by Beacon Securities.
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Loonie cuts both ways
Canadians have complained loudly in recent years about paying more for things at home than in the United States despite a loonie that has been close to, or even higher than, parity with the U.S dollar.
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Connect job seekers with meaningful work
In 2012, I wish for the press and politicians to stop talking about job loss and unemployment numbers - we all know that the economy needs several transfusions.
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Hopes dashed for U.S. tax reprieve
Public remarks from the U.S. ambassador to Canada at the beginning of December seemed to hint that U.S. citizens living here might get a special tax exception.
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