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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House speaker asks Trump to delay State of the Union speech amid government shutdown
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House speaker asks Trump to delay State of the Union speech amid government shutdown

The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates show, as contractors and even the coast guard go without pay, and…

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Trucking association wants foreign workers to fill trucker shortage
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Trucking association wants foreign workers to fill trucker shortage

The Ontario Trucking Association says there’s a desperate shortage of truckers in Ontario and they have a solution: bring in foreign workers. The association says it wants to bring…

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Sears staves off liquidation, U.S. stores to remain open
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Sears staves off liquidation, U.S. stores to remain open

Sears will live on — at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic…

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Alberta crude oil curtailments remain unchanged despite price recovery
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Alberta crude oil curtailments remain unchanged despite price recovery

Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that…

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European stocks, banks gain after Brexit deal defeat while U.K. shares lag
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European stocks, banks gain after Brexit deal defeat while U.K. shares lag

British shares lagged Europe slightly on Wednesday after Prime Minister Theresa May’s resounding defeat in a parliamentary vote on her Brexit deal, but in the face of continuing…

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U.S. government’s partial shutdown takes economic toll as talks to end impasse stall
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U.S. government’s partial shutdown takes economic toll as talks to end impasse stall

The U.S. economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates show, as contractors and even the coast guard go without pay, and…

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Global tensions high ahead of Davos summit, warns World Economic Forum
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Global tensions high ahead of Davos summit, warns World Economic Forum

Organizers of next week’s annual gathering of business and political leaders in the Swiss ski resort of Davos say worsening international relations are hindering efforts to resolve global…

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