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Ottawa should be wary of turning surplus into tax cuts: budget watchdog

Tue, 10/21/2014 - 12:57
OTTAWA - Canada's budget watchdog says the country is on track to run a $3.6-billion surplus in 2014-15, delivering a balanced budget a year earlier than government predictions.
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Fourth Quebec MP quits federal NDP to form new party with ex-Bloc MP

Tue, 10/21/2014 - 12:55
OTTAWA - New Democrat MP Jean-Francois Larose has joined forces with an independent MP to create a new, Quebec-only party.
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Yellowstone to Yukon conservation anniversary celebrated

Tue, 10/21/2014 - 12:55
EDMONTON - Environmentalists are basking in a warm glow of satisfaction this week as they celebrate the 20th anniversary of one of the largest and most successful conservation programs on the planet.
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Calgary police warn public of Matthew Adrian Boyes' release

Tue, 10/21/2014 - 12:42
Calgary police are warning the public about a high-risk offender with a violent past who has recently been released from prison. Matthew Adrian Boyes' history dates back 24 years and includes convictions for manslaughter and assault in both Edmonton and Calgary. Police say Boyes is more likely to offend when he's intoxicated by alcohol and drugs. 
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Suspicious fire destroys a building at shipbuilding museum

Tue, 10/21/2014 - 12:35
RCMP are investigating a fire that destroyed a building used to hold some of the displays at the Green Park Shipbuilding Museum. Firefighters were called to the site at around 4 a.m. Sunday. Officials with the P.E.I. Museum and Heritage Foundation said the building that was destroyed dates back to the late 1800s and was filled with reproductions of tools and equipment that would have been used to make large sails.
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Researchers develop "smart blade" to measure routine impact on figure skaters

Tue, 10/21/2014 - 12:32
VANCOUVER - Triple Axel, death spiral, Lutz, Salchow, quadruple: figure skating even sounds painful.
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Ohio teen collapses at haunted house attraction, dies of heart abnormality

Tue, 10/21/2014 - 12:32
MIDDLETOWN, Ohio - A 16-year-old girl collapsed at a haunted house attraction in southwest Ohio and died of a heart abnormality.
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CP Rail earnings rise, operating ratio sets fresh record

Tue, 10/21/2014 - 12:27

(Reuters) - Canadian Pacific Railway Ltd reported higher third-quarter earnings and revenue on Tuesday as its operating ratio, a key efficiency measure, set a new record. Earnings and revenue fell short of analyst expectations, but shares rose 1.8 percent to C$225.45 on the Toronto Stock Exchange, in line with rival Canadian National Railway Co . On a call with analysts and investors, CP noted that stock-based compensation had weighed on earnings. The company's stock was up nearly 40 percent for the year at Monday's close. ...


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Total’s 'Big Mustache'- bon vivant, deal-maker and risk-taker

Tue, 10/21/2014 - 11:46

By Dmitry Zhdannikov and Michel Rose PARIS (Reuters) - Christophe de Margerie, the head of French oil and gas giant Total who died when his jet crashed in Moscow, was a gregarious bon vivant with a passion for risk-taking and deal-making. Known as "The Big Mustache" for his bushy, gray mustache, de Margerie, 63, was the most charismatic and outspoken oil executive of his generation who cultivated relationships with leaders across Africa, the Middle East and Europe. ...


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Ottawa issues new guidelines on licensing and operation of drones

Tue, 10/21/2014 - 11:44
TORONTO - Federal Transport Minister Lisa Raitt has launched a public campaign to help make sure Canadians are flying drones safely.
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Windsor officers honoured with bravery medals for 2011 rescue

Tue, 10/21/2014 - 11:37
Two Windsor police constables will be honoured with Medals of Bravery in Ottawa Tuesday.
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EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

Tue, 10/21/2014 - 11:31

By Foo Yun Chee BRUSSELS (Reuters) - JPMorgan , UBS and Credit Suisse were fined a total of 94 million euros ($120 million) by the European Commission for taking part in cartels in the financial sector. The Commission handed JPMorgan a 61.7-million-euro fine for rigging the Swiss franc Libor benchmark interest rate between March 2008 and July 2009. It was also fined 10.5 million euros for participating in a cartel on Swiss franc interest rate derivatives. UBS' penalty in the derivatives cartel came to 12.7 million euros and that of Credit Suisse was 9.2 million euros. ...


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Oscar Pistorius goes to jail after being sentenced to 5 years in prison for killing girlfriend

Tue, 10/21/2014 - 11:27

PRETORIA, South Africa - Oscar Pistorius was taken away in a police van with barred windows Tuesday to start serving a five-year prison sentence for killing girlfriend Reeva Steenkamp.


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Spanish nursing assistant cleared of Ebola virus with 2nd test, wins 15-day battle for life

Tue, 10/21/2014 - 11:18

MADRID - Doctors say a second and conclusive test shows a Spanish nursing assistant infected with Ebola is completely clear of the virus.


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Deal in works for Ocean Choice plant

Tue, 10/21/2014 - 11:11

There is a deal in the works for new tenants in the Ocean Choice seafood processing plant in Souris.


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Canadian Pacific Q3 profit, revenue up from a year ago but below estimates

Tue, 10/21/2014 - 10:33

CALGARY - Canadian Pacific Railway (TSX:CP) had $400 million of net income in the third quarter — up 23 per cent from last year on higher revenue and improved efficiency but short of the profit growth that analysts had been anticipating.


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Standoff at S.E. Calgary restaurant ends with arrest

Tue, 10/21/2014 - 10:33

One man is in custody after a lengthy overnight standoff with police at a southeast Calgary restaurant.


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TSX advances as natural resource shares rise

Tue, 10/21/2014 - 10:32

By John Tilak TORONTO (Reuters) - Canada's main stock index climbed for a fourth straight session on Tuesday as natural resource shares rose on the back of higher commodity prices and investors digested data showing slower yet better-than-expected economic growth in China. China's economy expanded in the September quarter at its slowest pace since the global financial crisis and faces the risk of missing its official target for the first time in 15 years. The Toronto Stock Exchange's S&P/TSX composite index was up 101.79 points, or 0.71 percent, at 14,439.56. ...


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ISIS mission: CF-18s leave CFB Cold Lake, Alta., for Kuwait

Tue, 10/21/2014 - 10:28
Six Canadian fighter jets are flying out of CFB Cold Lake, Alta., today to join the fight against against the Islamic State of Iraq and Syria (ISIS) in the Middle East.
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Egypt sets date for appeal hearing for Canadian journalist imprisoned in Cairo

Tue, 10/21/2014 - 10:25
CAIRO - The brother of an imprisoned Egyptian-Canadian journalist says a Cairo court has set a date to hear the appeal for Mohamed Fahmy and his two fellow colleagues.
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