Business

Bre-X Tale Rich With Hollywood Drama: Jennifer Wells

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It’s The Treasure of the Sierra Madre meets Wall Street! How could it not be a movie? That was the husband speaking, lo these many years ago now. Certainly the component parts were all there. For atmospherics: the steam heat of the Indonesian jungle, replete with tigers and cobras and a gator infested river. Greed? The muscle-bound tactics of some ...

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More Homeowners Weigh Whether to Move or Improve

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Change is hard, but not as hard — or as expensive — as moving house in the Toronto region’s overheated real estate market. As realtors wring their hands over a dearth of home listings, professional renovators are struggling to keep up with the demand for their services. Instead of selling their homes, many owners are opting to renovate and they’re ...

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International Flavours are Back at LCBO — and Flying Off the Shelves

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Ever get a craving for a certain brand of sake? The LCBO’s flagship store on Queens Quay has seven or eight to choose from, but there are more than 70 online and at its East Asian “Products of the World” boutique store on Highway 7 East in Markham, where the Japanese rice wine is flying off the shelves. “We’re having ...

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From Water to Hydrogen to Zero Emission Transport

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Plug-in electric cars like Tesla might be getting all the attention when it comes to green transportation choices, but don’t rule out hydrogen fuel cell powered vehicles. That’s Daryl Wilson’s message, arguing hydrogen technology could soon take off, as the move to fight climate change intensifies and alternative options are sought. “All technologies go through a cycle where there is ...

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In the ‘Era of Not Offending Anyone,’ Hotel Room Bibles May Become Obsolete

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When the Moxy Hotel opens in San Diego next year, the rooms will be stocked with the usual amenities — alarm clocks, hair dryers, writing desks and televisions. But you won’t find Bibles in the bedside nightstands. Marriott International, the world’s largest hotel company, supplies a Bible and the Book of Mormon in the rooms of every other hotel in ...

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The ‘Foreign Investor’ Voted Canadian Press Business News Maker of the Year

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A nameless, faceless figure at the heart of the controversy surrounding soaring real estate prices has been named The Canadian Press business newsmaker of the year. As home prices in Vancouver and Toronto rose at a torrid pace, public and political attention shifted to an enigma that, rightly or wrongly, some believed to be the culprit: the foreign investor. Stories ...

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12 Months of Donald Trump and Other News in Business: Wells

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It is tempting to view the business year through the lens of Donald Trump, traversing the seasons of 2016 in lockstep with the transmogrification of the real-estate-developer-turned-reality-TV-star-turned president elect. Consider: Steam billows from a stack at the U.S. Steel Canada plant in Hamilton. The company took over Stelco Inc., founded 1910, and became a tortured tale of U.S. takeover circa ...

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Return Policies a must-read for Unwanted Holiday Gifts

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The holidays are a time for celebration and gifts, but not all presents hit the mark and returning them doesn’t feel very festive. If you find yourself unhappy with a gift, you wouldn’t be the only one. Nearly a quarter of the people responding to a 2015 holiday survey by shopping app Retale said they were likely to return or ...

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TSX Ends six-day Streak, Loonie Also Down

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The Toronto Stock Exchange concluded its last full trading week of the year on a down note as its six-day streak of gains was snapped. The S&P/TSX composite index fell 7.08 points to 15,328.15. Throughout the day, the market seemed poised to cap off the week with a seventh consecutive day in the positive, only to see that evaporate just ...

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Canada’s Economy Shrank Unexpectedly in October

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TORONTO—Canada’s economy unexpectedly shrank in October, weighed down by the worst manufacturing output in nearly three years, Statistics Canada said Friday. Gross domestic product contracted by 0.3 per cent for the month, the first decline since wildfires devastated a swath of Fort McMurray, Alta. and dealt a severe blow to the oil and gas sector four months ago. “StatsCan served ...

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