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  • TSX little changed, jobs data misses forecast, traders look to service sector

    February 5, 2014 3:25 PM 21

    TORONTO -- The Toronto stock market was little changed Wednesday as an unexpectedly weak report on U.S. private sector job creation raised doubts about the strength of government data coming out on Friday. Investors also awaited the latest reading on the health of the American services sector. The S&P/TSX composite index rose 6.53 points to 13,511.01 while

  • Keystone pipeline backed by coalition of Democrats, Republicans, labor, business

    February 5, 2014 2:40 PM 22

    WASHINGTON - An unusual coalition that includes Republicans, Democrats, labour leaders, business leaders, veterans groups and Canada's ambassador to the United States joined forces Tuesday to push for quick approval of the Keystone XL pipeline. Five Democrats joined Republicans at a news conference to urge President Barack Obama to approve the pipeline

  • MMA would have done things differently if it knew how volatile its cargo was, lawsuit claims

    February 5, 2014 2:22 PM 15

    Montreal, Maine and Atlantic Railway says it never would have left a 72-car oil train unattended on its main railway track if the company knew how explosive the oil on the train actually was. The bankrupt railway company’s trustee made that assertion in a lawsuit he filed in Maine against five companies that arranged the shipment of nearly 8 million

  • Canadian dollar up for fifth day on economic optimism, lower chance of rate cut

    February 5, 2014 2:19 PM 40

    TORONTO -- The Canadian dollar advanced Wednesday as the loonie continued to recover from its recent, 4 1/2-years lows at the end of January. The loonie rose 0.1 of a cent to 90.34 cents US on Wednesday morning, up for a fifth day. Analysts point to data out at the end of last week showing the Canadian economy grew for a fifth straight month during November

  • Stocks to open lower, jobs data misses forecast, traders look to service sector

    February 5, 2014 2:18 PM 19

    TORONTO -- The Toronto stock market headed for a lower open Wednesday as U.S. jobs data came in below expectations. Investors also awaited the latest reading on the health of the American services sector. Losses on U.S. futures picked up after payroll firm ADP reported that the private sector created 175,000 jobs during January, about 15,000 short of what was expected

  • GTA home sales fall, prices surge; weather, shortage of listings blamed

    February 5, 2014 1:42 PM 18

    The shortage of new listings is being blamed for a 2.2 per cent decline in home sales across the GTA in January. The shortage of new listings is being blamed for a 2.2 per cent decline in home sales across the GTA in January and a more than nine per cent surge in prices, year over year, according to figures released by the Toronto Real Estate Board Wednesday

  • Alberta dead last in energy efficiency: study

    February 5, 2014 12:08 PM 9

    While Alberta may be a leader in terms of energy in North America, its dead last when it comes to efficiency, according to a new study. A study by a think tank associated with the University of Calgary says that Alberta’s per capita consumption of energy is the highest in Canada. It also says that it’s not only individuals who are gobbling up power

  • Heenan Blaikie veteran Michael Ledgett to join Dentons

    February 5, 2014 12:05 PM 7

    Michael Ledgett, one of the latest high-profile lawyers to leave law firm Heenan Blaikie LLP, is joining Dentons Canada’s Toronto office as a partner in the corporate practice. Ledgett is a veteran corporate commercial lawyer with about 40 years of experience. Attesting to Ledgett’s profile is his appointment as co-chair of Dentons’ national transportation

  • Walmart looks to urban cores for growth

    February 5, 2014 11:27 AM 7

    One of Walmart's biggest headaches is getting into the urban centres of Canada, but the country's biggest mass merchant is not slowing down its expansion plans. After a year in which Loblaw Cos. bought Shoppers Drug Mart to gain instant access to desirable big-city locations, and the opening of archrival Target in Canada, Walmart is not ruling out acquisitions

  • Putin strokes leopard and wins IOC support

    February 5, 2014 5:07 AM 16

    Published: 6:06PM Wednesday February 05, 2014 Source: AP Stroking a Persian leopard sprawled on his lap, tough-guy President Vladimir Putin showed his softer side as he prepared to welcome the world to his budget-busting Winter Olympics. Basking in the glow of support from International Olympic Committee Chairman Thomas Bach, Putin began his stay at the Sochi