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  • Most Canadians believe the country is still in recession, Pollara survey finds

    January 14, 2014 11:06 PM 21

    Despite what Statistics Canada says, just over half of Canadians believe the economy is shrinking, according to an annual poll. Despite what Statistics Canada says, just over half of Canadians believe that the country is in recession, according to an annual outlook survey by Pollara. Even though Canada’s economy has been growing for years, a weak labour

  • Encana hiring managers for Clearwater IPO

    January 14, 2014 10:44 PM 28

    CALGARY — Encana Corp. has started looking for a president and chief executive for the new company it is creating to hold its southern Alberta freehold lands, chief financial officer Sherri Brillon told a conference in New York on Tuesday. In a webcast from the BMO-sponsored event, Brillon said the hiving off of Encana’s Clearwater mineral rights portfolio

  • Diluted oilsands bitumen sinks when mixed with sediment: study

    January 14, 2014 10:29 PM 12

    VANCOUVER -- Diluted bitumen, the molasses-like product that would be transported by the proposed Northern Gateway pipeline, sinks in salt water when battered by waves and mixed with sediments, according to a new study by the federal government. However, when free of sediments, the crude floats even after evaporation and exposure to light, the study

  • Bankers fear car loan and credit card delinquencies

    January 14, 2014 9:13 PM 24

    Latest quarterly survey of Canadian and U.S bank managers found expectations for delinquencies on auto loans and credit cards are on the rise. While consumers continue to rack up debt on cars and credit cards, bankers are getting more worried that they won’t be able to pay it off, a new survey shows. The latest quarterly survey of Canadian and U.S. bank managers

  • Banks wary as Basel eyes higher leverage ratio

    January 14, 2014 6:51 PM 24

    LONDON, Jan 14 (IFR) - Basel Committee officials are pushing for a higher leverage ratio despite recently giving banks some relief on the way the figure is calculated. While bankers were relieved to see the modifications, celebrations have been muted as the industry recognises that the rules could yet become much tougher. On January 12, the Committee

  • Air Canada Rouge hiring hundreds of flight attendants as it adds western base

    January 14, 2014 6:38 PM 15

    MONTREAL - Air Canada Rouge is hiring hundreds of additional flight attendants as it prepares to launch flights this spring out of Calgary and Vancouver. The Air Canada subsidiary, which began flying last year, expects to nearly double its workforce to 650 by the end of 2014 when the number of aircraft increases to 33. The low-cost carrier currently

  • Bank CEOs to refocus priorities as Canadians expected to borrow less

    January 14, 2014 5:21 PM 12

    TORONTO -- Canada's biggest banks say consumers are reaching the limit on how much they can afford to borrow, and that's likely to slow loan growth this year. Royal Bank (TSX:RY) chief executive Gord Nixon said Tuesday that he expects Canadian households will begin to show more restraint. "In terms of pure consumer lending (growth), we'll probably be operating

  • Street eats: Public invited to weigh in on state of food vending in Toronto

    January 14, 2014 5:17 PM 43

    Entrepreneurs and eaters alike are being asked to weigh in on the state of street food in the city. The first of two public consultations scheduled for this month takes place Tuesday night, as part of the City of Toronto's review of food vending bylaws. According to the city's public invitation, the review is aimed at creating "a harmonized, city-wide

  • Toshiba to buy majority stake in UK nuclear group NuGen

    January 14, 2014 5:01 PM 26

    LONDON (Reuters) - Japan's Toshiba (6502.T) has signed a preliminary agreement to purchase 60 percent of the NuGen UK nuclear joint venture between GDF Suez (GSZ.PA) and Iberdrola (IBE.MC) for 102 million pounds, Toshiba's Westinghouse nuclear unit said on Tuesday. Westinghouse will build three of its AP1000 nuclear reactors at the NuGen Moorside nuclear

  • Freyssinet maintains girders are safe

    January 14, 2014 4:10 PM 18

    A review conducted by engineers in Nebraska say pre-stressed concrete girders manufactured by Freyssinet for use in the Rt. Hon. Herb Gray Parkway “are entirely safe for use”. Freyssinet Canada sought a review of their girders by Nebraska engineers Maher Tadros and Craig Finley. The company says the review shows that the girders exceed almost twice the requisite