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  • Alberta economy fastest growing in Canada

    December 9, 2013 5:38 PM 17

    Forecast 3.4% annual growth in 2014 CALGARY - Alberta has been the largest contributor to economic growth in the country for three consecutive years, outpacing the much larger economies of Central Canada, says a new report released Monday by the Conference Board of Canada. And the board’s Provincial Outlook: Autumn 2013 report said Alberta will have the fastest

  • Liberal government plans salary cap for broader public sector

    December 9, 2013 4:56 PM 20

    The Liberal government plans to introduce legislation in the New Year to manage broader public sector compensation, including hard caps. The Liberal government plans to introduce legislation in the New Year to manage broader public sector compensation, including hard caps on salaries and benefits. According to government news release Monday, it would

  • Revenue Quebec pursuing gold buyers, smelters for $750 million

    December 9, 2013 4:45 PM 15

    For years gold buyers have been offering customers fantastic prices for old jewelry. But it turns out they may not always have been honest about how much gold was changing hands. Revenue Quebec has filed 1,920 counts of fraud and other charges against 12 companies, including Kitco Metals, in a fraud case with $750 million in fines. Revenue Quebec says the companies

  • Feds announced $200M for manufacturing innovation

    December 9, 2013 4:32 PM 12

    LONDON, Ont. — The federal government will provide $200 million to encourage new products and technologies to diversify manufacturing markets. In making the announcement at a manufacturing plant in southwestern Ontario on Monday, Gary Goodyear, the minister of state for the federal economic development, said the government hopes the Advanced Manufacturing

  • Gold stocks, financials push TSX higher

    December 9, 2013 3:33 PM 23

    TORONTO -- The Toronto stock market moved higher Monday as investors bought up battered gold stocks and financials that slipped last week in the wake of earnings reports from the big banks. The S&P/TSX composite index gained 50.46 points to 13,331.18 as traders also took in mixed economic news out of Asia. The Canadian dollar slipped 0.1 of a cent to 93.74 cents

  • Precision Drilling upgraded after AIMCo sell-off

    December 9, 2013 1:47 PM 26

    The sharp sell-off in shares of Precision Drilling Corp. last week prompted an upgrade by Raymond James analyst Andrew Bradford. Weakness in the energy drilling and services company followed a decision by Alberta Investment Management Corp. (AIMCo) to sell its 19% equity stake on Thursday. The stock recovered somewhat on Friday, but it is still off its recent

  • How to pick a great gift that won't be cast aside by Boxing Day

    December 9, 2013 12:48 PM 53

    WE'VE all been there: scratching our heads, making lists, scouring shops, browsing online for that perfect gift. Finding the right gift at the right price is one of the biggest challenges of Christmas, Body + Soul reports. Sadly, many of us fail despite good intentions. According to research by eBay, more than half the nation (54 per cent) has received

  • How we might double CPP pensions

    December 9, 2013 11:02 AM 35

    Finance ministers are wondering how best to improve the Canada Pension Plan. A Toronto pension conference heard how it might be done. When the finance ministers gather for their annual pre-Christmas meeting, top of the agenda will be improvements to the Canada Pension Plan. Like a nagging tooth ache, the issue of how — or if — CPP should be enhanced

  • Senior bureaucrats downplayed markets in U.S., Europe for Canadian resources

    December 9, 2013 9:08 AM 25

    OTTAWA — As the federal government continues to lobby for more access to Europe and the United States to sell Canada’s oil and other natural resources, an internal analysis reveals that senior bureaucrats see few opportunities for growth in these markets. Instead, the analysis released to Postmedia News through access to information legislation, proposes

  • PotashCorp layoffs a sign of a ‘...

    December 8, 2013 11:40 PM 16

    We’ve encountered a pothole on the road to permanent prosperity here in Saskatchewan. The slight detour required means that 440 PotashCorp miners will lose their jobs just in time for Christmas. Bummer. But no reason to panic, according to Premier Brad Wall, who says “Saskatchewan’s diversified economy remains strong,” which no doubt comes as a relief