Malaysia says Goldman Sachs must pay, apology not enough
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Malaysia says Goldman Sachs must pay, apology not enough

Malaysia’s Finance Minister Lim Guan Eng said Friday that an apology by Goldman Sachs for its role in the alleged multibillion-dollar ransacking of state investment fund 1MDB was…

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Maker of bomb-defusing kids’ game apologizes, halts sales after complaints
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Maker of bomb-defusing kids’ game apologizes, halts sales after complaints

The company behind Cut The Wire, a bomb-defusing game for children, has offered an apology following complaints from parents that it’s inappropriate and insensitive. “We’re very sorry for…

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Kids retailer Gymboree files for bankruptcy protection, all 49 Canadian stores to close
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Kids retailer Gymboree files for bankruptcy protection, all 49 Canadian stores to close

Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children’s clothing retailer will begin winding down operations for good.…

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Huawei to grow Canadian R&D budget to make equipment more secure: president
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Huawei to grow Canadian R&D budget to make equipment more secure: president

The president of Huawei Canada says it will be getting a piece of the $2 billion US that its global Chinese parent will spend over five years to…

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CN Rail, First Nation plan to break ground on new ‘bitumen puck’ facility this year
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CN Rail, First Nation plan to break ground on new ‘bitumen puck’ facility this year

As a puck made of oilsands bitumen was tossed into the air, railway executive James Auld joked, “we almost had an oil spill there.” Auld and other officials were…

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Oilpatch CEOs support Indigenous bid for Trans Mountain
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Oilpatch CEOs support Indigenous bid for Trans Mountain

Some oilpatch CEOs are supporting a bid by Indigenous groups in Western Canada to purchase the Trans Mountain pipeline and the proposed expansion project. Indigenous leaders are in…

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A Brexit lesson in economics for Canadians hoping to profit from anger: Don Pittis
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A Brexit lesson in economics for Canadians hoping to profit from anger: Don Pittis

Growing fears of the economic repercussions of the U.S. government shutdown have led smug Canadians to scoff that it couldn’t happen here. But Britain’s descent into even greater economic…

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Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit
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Royal Bank cuts 5-year fixed mortgage rate, others likely to follow suit

Canada’s biggest bank has cut its five-year fixed-term mortgage rate, a move that other banks are likely to try to match in short order. Royal Bank edged the…

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China says economy czar to visit Washington for trade talks
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China says economy czar to visit Washington for trade talks

China’s economy czar, Vice-Premier Liu He, will visit Washington on Jan. 30-31 for talks aimed at ending a costly tariff war over U.S. complaints about Beijing’s technology ambitions.…

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Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings
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Cyber thieves make off with hundreds of thousands of dollars in attack targeting Coast Capital Savings

Coast Capital Savings says 140 members had money stolen from their accounts during a targeted cyber fraud attack in November and December of last year.   The credit union doesn’t…

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