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Rogers Communications sees 'anemic' iPhone 8 demand

CBC.ca / Business

The CEO of Rogers Communications says he is seeing little demand for Apple's iPhone 8, adding to concerns about prospects for sales of the device.

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Nissan to suspend domestic production of cars for Japan market

www.cbc.ca

Nissan Motor Co. is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection procedures that led to a major recall, it said on Thursday.

Cenovus selling Palliser assets in Alberta to Torxen for $1.3B

www.cbc.ca

Cenovus Energy Inc. says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion.

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Looking back at the Black Monday stock crash, 30 years later

CBC.ca / Business

With U.S. stock markets hitting new records on a seemingly daily basis, many analysts expect the market to keep climbing. But as investors learned so painfully 30 years ago, markets can shift quickly.

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Morneau's latest 'step back' on tax proposals seeks to ease concerns from family farms, fishers

CBC.ca / News

Federal Finance Minister Bill Morneau is climbing down from another controversial tax proposal to address the concerns of Canadian farmers and fishers.

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'I'm disgusted': Top Sears staff will still get $6.5 million in bonus payments despite retailer's demise

CBC.ca / News

Sears Canada will pay a final $2.8 million in retention bonuses to 36 head office staff, even though the retailer’s restructuring efforts failed and the company is closing its remaining 130 stores.

Wednesday, Oct 18

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Dow Jones industrial average closes above 23,000 for 1st time

www.cbc.ca

The Dow Jones industrial average closed above the 23,000 level for the first time on Wednesday, driven by a jump in IBM after the computing giant hinted at a return to revenue growth.

CMHC stress tests show housing agency would withstand 'severe' shocks

CBC.ca / Business

The Canada Mortgage and Housing Corporation has crunched numbers on the assumption that the economy could get rocked by any number of different calamities and come to the same conclusion: the corporation itself would be all right.

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Delta says it had no role in Airbus-Bombardier deal

CBC.ca / Business

Delta Air Lines Inc.'s chief executive says the carrier did not play a role in pushing an industry-changing deal between Airbus and Bombardier as a regulatory spat between the United States and Canada threatened the future of a Bombardier…

Liberals narrow scope of passive-income measures as tax change tour continues

www.cbc.ca

Finance Minister Bill Morneau is continuing to pull and pluck away at his government’s controversial tax regime proposals, promising now to adjust the rules on passive income so only three per cent of the "most wealthy" privately owned…

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EU air safety body urges halt on use of Kobe Steel products

www.cbc.ca

The European Aviation Safety Agency has recommended that companies suspend use of Kobe Steel products following the company's admission that it has faked inspections data on products sold to hundreds of firms.

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George Soros donates $18B US to charity Open Society Foundations

CBC.ca / Business

Investor George Soros has transferred about $18 billion US, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media…

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Airport employees fired over infamous David Dao incident on United flight

CBC.ca / Business

The Chicago Department of Aviation has fired two security officers involved in an incident during which a passenger was dragged off a United Airlines flight after refusing to give up his seat, the city's Office of Inspector General says in…

TBH, Facebook just bought this new app

CBC.ca / Business

Facebook has bought TBH, a teen-focused app that lets people give anonymous compliments to each other through polls and messages.

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Bombardier tie-up with European giant protects taxpayer investment: Don Pittis

CBC.ca / News

Giving away its prize asset, the CSeries aircraft, is Bombardier's smartest investment in years.

Critics question settlement program for banks that overcharged fees

www.cbc.ca

As investors await refunds from banks and other financial institutions for hundreds of millions of dollars in excess fees, critics are questioning the process used to determine those refunds.

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Veteran investor Marc Faber booted from 3rd company after racist comments

CBC.ca / Business

Veteran investor Marc Faber has resigned his board seats at three companies based in Canada following comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people.

Harvey Weinstein resigns from Weinstein Co. board

CBC.ca / Entertainment

Harvey Weinstein has resigned from the board of The Weinstein Company, it said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.

Tuesday, Oct 17

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Liberals to narrow scope of passive-income measure for private corporations

www.cbc.ca

The federal government is moving to pare down its controversial tax proposal on passive income so that it will only affect three per cent of private corporations.

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Freeland calls U.S. NAFTA demands 'troubling' and 'unconventional'

CBC.ca / News

Foreign Affairs Minister Chrystia Freeland has accused the United States of trying to undermine the North American Free Trade Agreement, calling its list of unconventional proposals 'troubling.'

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Missouri appeals court tosses $72M US award in talcum powder case

www.cbc.ca

A Missouri appeals court that vacated a $72 million US award to an Alabama woman who claimed her use of Johnson & Johnson products that contained talcum contributed to her ovarian cancer has thrown the fate of awards in similar cases into…

Veteran investor Marc Faber booted from Sprott board after racist comments

CBC.ca / Business

Veteran investor Marc Faber was asked to resign from the board of directors at Sprott Inc. after comments he made in his investment newsletter that America was better off because it was settled by white people instead of black people.

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Dow Jones hits 23,000 mark for the first time

CBC.ca / Business

The Dow Jones Industrial Average briefly breached the 23,000 mark for the first time on Tuesday, powered by strong earnings from UnitedHealth Group and Johnson & Johnson.

Canada's supply management is flashpoint in NAFTA talks: Here's why

CBC.ca / Business

The politically explosive issue of Canadian supply management has emerged again as a flashpoint in increasingly heated NAFTA renegotiation talks after the United States asked for an end to the system within the next decade.

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Trump likely to name Fed chair by early November: report

CBC.ca / Business

U.S. President Donald Trump has a pool of five candidates to choose from for the next chair of the Federal Reserve and is likely to announce his choice before going to Asia in early November, a source familiar with the situation said on…

Marijuana producer Aphria raises $80M, shares fall after TSX notice

CBC.ca / Business

Shares in Aphria Inc. fell Tuesday as the marijuana producer announced a deal to raise $80 million even as questions swirled about the future of its listing on the Toronto Stock Exchange.