January 18th, 2018

Business

Facebook edits feeds to bring less news, more sharing

By Barbara Ortutay, The Associated Press on January 12th, 2018

NEW YORK – Facebook is changing what its users will see to highlight posts they are most likely to engage with and make time spent on social media more “meaningful.” By cutting back on items that Facebook users tend to passively consume, the change could hurt news organizations and other businesses that rely on Facebook ... Read More »

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Trump’s soothing comments on NAFTA talks relieve trade pact’s supporters

By Alexander Panetta, The Canadian Press on January 12th, 2018

WASHINGTON – A string of calming comments from Donald Trump about NAFTA has trade proponents across the continent breathing some relief that the U.S. president’s trigger finger may not be about to blow up the deal after all. Trump made about a half-dozen such remarks to The Wall Street Journal – soothing context after days ... Read More »

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Shares of Primero Mining more than double after First Majestic takeover offer

By The Canadian Press on January 12th, 2018

VANCOUVER – Shares in Primero Mining Corp., which owns the San Dimas silver-gold mine in Mexico, more than doubled in trading Friday after First Majestic Silver announced a deal to buy the company. Primero shares (TSX:P) were up 15 cents at 27 cents in trading on the Toronto Stock Exchange, while shares of First Majestic ... Read More »

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Royal Bank, TD raise posted fixed five-year mortgage rate to 5.14 per cent

By The Canadian Press on January 12th, 2018

TORONTO – Two of Canada’s largest banks increased their fixed-rate mortgage rates amid rising yields on the bond market and a strengthening economy. The Royal Bank of Canada says its posted five-year fixed mortgage rate moved to 5.14 per cent Thursday, up from 4.99 per cent. The bank’s special offer rate for a five-year fixed ... Read More »

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Finance minister issues order in response to North Korean money-laundering fears

By The Canadian Press on January 12th, 2018

OTTAWA – Canadian financial institutions have been ordered to treat what few transactions they conduct with North Korea with even greater diligence as the federal government tries to increase pressure on the nuclear-armed nation. Finance Minister Bill Morneau quietly issued the directive last month following concerns that the North Korean government was skirting international sanctions ... Read More »

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Royal Bank raises posted fixed five-year mortgage rate to 5.14 per cent

By The Canadian Press on January 12th, 2018

TORONTO – Canada’s largest bank increased its fixed-rate mortgage rates amid rising yields on the bond market and a strengthening economy. The Royal Bank of Canada says its posted five-year fixed mortgage rate moved to 5.14 per cent Thursday, up from 4.99 per cent. The bank’s special offer rate for a five-year fixed with a ... Read More »

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Toronto stocks slip, U.S. indices move higher, loonie gains ground

By The Canadian Press on January 12th, 2018

TORONTO – Canada’s main stock index slipped lower in late-morning trading as the health-care and consumer staples sectors lost ground. The S&P/TSX composite index was down 3.04 points to 16,283.90, after 90 minutes of trading. In New York, the Dow Jones industrial average was up 199.82 points to 25,774.55. The S&P 500 index was up ... Read More »

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Trump’s calming comments on NAFTA talks relieve pact supporters

By Alexander Panetta, The Canadian Press on January 12th, 2018

WASHINGTON – A string of calming comments from U.S. President Donald Trump about NAFTA has proponents of the agreement breathing some relief that his trigger finger is far from the button that would blow up the deal. He made about a half-dozen of them to The Wall Street Journal. A transcript of the interview shows ... Read More »

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B.C.’s 2017 home sales below 2016 record, but far above average says BCREA

By The Canadian Press on January 12th, 2018

VANCOUVER – The British Columbia Real Estate Association says fewer homes were sold across the province in 2017 compared with the year earlier, but it says prices were up and sales remained above 100,000 for the third straight year. The association’s snapshot of 2017 residential sales shows 103,763 properties changed hands, down 7.5 per cent ... Read More »

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Some Tims raise prices on certain breakfast items after Ont. minimum wage hike

By The Canadian Press on January 12th, 2018

TORONTO – The parent company of Tim Hortons says restaurants in select markets have increased prices on certain breakfast items. Restaurant Brands International (TSX:RBI) of Oakville, Ont., says regular price adjustments are “a normal part of the restaurant business.” The increases come after the company landed in hot water with consumers when it was revealed ... Read More »

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