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Kiss that oil rally goodbye: What you need to know before markets open

North American markets look going to a lesser open today after last week’s rally in oil prices lost steam. Crude prices resumed their slide following a strong two-day rally as output from Iraq reached record highs.U.S. stocks logged their first positive week of the year a week ago, with the ...

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Canada could adopt negative interest rates within the next two years, Citi says

Canada might be among a number of countries to adopt negative interest rates in the next 2 yrs as the European policy experiment gains popularity, says a brand new report from Citigroup. The Bank of Japan earlier this year had become the fifth central bank to go negative, which means ...

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Valeant Canada divests aesthetics unit to Montreal’s Intega Skin Sciences

MONTREAL – Prolific acquirer Valeant Pharmaceuticals International Inc.’s Canadian division is going to make a move a little bit different: divest part of its aesthetics division in order to refocus the company’s operations. On Monday, the Montreal-based dermatology company Intega Skin Sciences Inc announced it had signed a contract with Valeant ...

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Google Inc parent company Alphabet Inc overtakes Apple Inc in market value — but don’t expect it to last

Alphabet Inc might win the marketplace cap battle against Apple Inc, but will it win the war? Maybe not. The median stock price forecast of 31 analysts who raised price targets after Alphabet reported strong results on Monday was US$924, suggesting the company formerly referred to as Google might be ...

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Ottawa has room to add another $15 billion to stimulus spending, says economist

The Liberal government might have more room to manoeuvre on stimulus spending without damaging its fiscal health, say economists. Prime Minister Justin Trudeau and his government are going to unveil their budget in the coming months. Originally, Trudeau’s election platform made room not less than $5 billion annually in new ...

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All eyes on the data dump: What you need to know before markets open

North American markets look headed for a greater open today as oil prices recover slightly and investors digest a brand new batch of U.S. economic data, together with a set of job growth in the non-public sector. U.S. do it yourself retailer Lowe’s Cos Inc said hello would buy Rona ...

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Having trouble coping with market turmoil? Feel free to embrace your inner ostrich

During weeks like the one just finishing, or indeed most of 2016, the market mayhem continues to be so scary that lots of investors may choose not to check up on their online statements.    Rather, many become the proverbial ostrich using its head in the sand. If you can’t see ...

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Twitter Inc stock falls almost 5% after exit of four executives

NEW YORK – Twitter says that four executives are leaving the organization. Its stock fell a lot more than 4 percent in premarket trading. CEO Jack Dorsey posted a statement towards the microblogging service stating that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil are exiting the organization. Dorsey ...

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Five things to look for if you want to play the energy rebound

With all of the talk of “lower for longer” and “this time it’s different” – not to mention the truth that fear is finally starting to sink in among forever-optimist Albertans – one has to wonder if oil prices have finally found a bottom. As I wrote a week ago, ...

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TSX, Wall Street surge, Canadian dollar gains almost a full cent

TORONTO – Rising oil along with other commodity prices helped push the Toronto stock exchange higher for that third straight session as investors warmed to indications of an improving economy coming. The S&P/TSX composite index advanced 312.18 points or 2.49 percent to 12,867.16, a lot more than making up ground ...

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