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Updated: 50 min 17 sec ago

GDP down 0.1 per cent in August, first month in 2014 to show decline: StatsCan

59 min 57 sec ago

OTTAWA - Canada's economy slowed unexpectedly in August, the first month to show a decline this year.


Categories: National News

US state asks court to restrict movements of nurse who defied voluntary Ebola quarantine

1 hour 10 min ago

FORT KENT, Maine - Maine health officials have asked a court to limit the movements of nurse Kaci Hickox, who defied a voluntary quarantine for medical workers who have treated Ebola patients.


Categories: National News

Unifor extends strike deadline for St. Lawrence Seaway through weekend

1 hour 13 min ago
CORNWALL, Ont. - The union representing workers on the St. Lawrence Seaway says a strike deadline set for just past noon Friday has been extended through the weekend.
Categories: National News

C$ sheds nearly a cent on soft Canadian GDP

1 hour 22 min ago

By Solarina Ho TORONTO (Reuters) - The Canadian dollar shed nearly a cent against its U.S. counterpart on Friday and dropped to its weakest level in more than a week after data showed the country's economy unexpectedly shrank in August for the first time in eight months. Real gross domestic product fell 0.1 percent in August, hurt by plant maintenance in the oil and gas industry that slowed production and by a drop in manufacturing activity. "It's just a bit of an additional headwind. ...


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First CF-18 operational missions over Iraq completed, defence sources

1 hour 25 min ago
KUWAIT CITY - Two Canadian CF-18 fighters conducted the country's first combat mission over Iraq, but bad weather west of Baghdad prevented them from striking any Islamic State targets, the task force commander said Friday.
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Man dies at scene after overnight shooting involving police in Calgary

1 hour 25 min ago
CALGARY - A man is dead after a police-involved shooting at a Calgary facility that offers low-cost supportive housing for men with mental health and addiction issues.
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U.S. consumer sentiment at highest since July 2007

1 hour 33 min ago

NEW YORK (Reuters) - U.S. consumer sentiment rose in October to its highest level since in more than seven years on growing optimism about the economy and more favorable personal financial expectations, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final October reading on the overall index on consumer sentiment finished at 86.9, the highest level since July 2007, up from 84.6 at the end of September. The late October reading was up slightly from its initial figure of 86.4, which was also the expected reading of economists polled by Reuters. ...


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UBS cannot arbitrate with Nasdaq over Facebook IPO: court

1 hour 36 min ago

NEW YORK (Reuters) - A divided U.S. appeals court on Friday rejected UBS AG's bid to compel Nasdaq OMX Group Inc to arbitrate a dispute over how the exchange operator handled Facebook Inc's May 2012 initial public offering. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in New York upheld a lower court judge's conclusion that UBS' claims were not subject to arbitration. UBS claimed that Nasdaq's mismanagement of the IPO caused the Swiss bank to unintentionally amass tens of millions of Facebook shares, ultimately resulting in more than $350 million of losses. ...


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St. Albert RCMP investigate mail box theft

1 hour 36 min ago
People affected by a mailbox theft in the Deer Ridge neighbourhood of St. Albert say they’re concerned their privacy may have been breached when the box was stolen, pried open and left in a farmer’s field earlier this month. “You never know what information is leaking around and what the guys are able to do with it,” said Van Wall, who believes his mail was stolen. RCMP are now telling people in St. Albert to pick up their mail, if it’s in a community mailbox, as soon as possible.
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Burkina Faso's longtime president steps down after protests, new election in 90 days

1 hour 37 min ago

OUAGADOUGOU, Burkina Faso - President Blaise Compaore stepped down Friday after 27 years in power following a wave of protests against his rule. He said elections for a new leader will be held in 90 days.


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Newfoundland soccer field stabbing case adjourned for three weeks

1 hour 55 min ago
ST. JOHN'S, N.L. - A 19-year-old man charged in connection with the stabbing of a boy on a Newfoundland soccer field is due back in court Nov. 20.
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West Covehead lawnmower driver charged with impairment

2 hours 15 min ago
A 54-year-old West Covehead, P.E.I. man was arrested for driving a ride-on lawnmower while impaired Thursday evening, say RCMP.
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Leaner Sony gains smartphone lift despite its own mobile malaise

2 hours 17 min ago

By Sophie Knight TOKYO (Reuters) - Sony Corp posted a smaller than expected second-quarter operating loss on Friday, hailed by its finance chief as proof that the Japanese group's restructuring program is paying off. The company said the reduced operating loss was due in part to rising sales of image sensors to smartphone manufacturers, though the poor showing from its own Xperia phones weighed heavily on results. ...


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Chevron profit jumps as refining offsets production dip

2 hours 19 min ago

(Reuters) - Chevron Corp posted a higher-than-expected quarterly profit on Friday as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted third-quarter net income of $5.59 billion, or $2.95 per share, compared with $4.95 billion, or $2.57 per share, a year earlier. Analysts on average expected earnings of $2.55 per share, according to Thomson Reuters I/B/E/S. Production fell nearly 1 percent to 2.57 million barrels of oil equivalent per day as new wells failed to offset declines at old ones. ...


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Justin Bourque faces precedent-setting sentence for RCMP shootings in Moncton

2 hours 20 min ago

MONCTON, N.B. - Justin Bourque's killing of three Mounties has been described in court as one of the worst crimes in Canadian history, prompting recommendations from Crown and defence lawyers for the harshest sentence in more than 50 years.


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Futures indicate higher start after BoJ stimulus boost

2 hours 26 min ago

Stock futures pointed to a higher start for Canada's main stock index on Friday after the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program. The BoJ board voted to accelerate purchases of Japanese government bonds while tripling purchases of exchange-traded funds and real-estate investment trusts. December futures on the S&P TSX index were up 0.66 percent at 8.45 a.m. ET. Canadian GDP data for August released on Friday had little impact. ...


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Judgment set to be delivered in MP Dean Del Mastro's election spending trial

2 hours 26 min ago

LINDSAY, Ont. - A judgment is set to be delivered today in the election overspending trial of former Conservative MP Dean Del Mastro.


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Global shares jump, yen slumps as BOJ cranks up stimulus

2 hours 28 min ago

By Marc Jones LONDON (Reuters) - World shares jumped and the yen fell to a near seven-year low against the dollar on Friday as the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program. In a rare split decision, the BOJ's board voted 5-4 to accelerate purchases of Japanese government bonds so that its holdings increase at an annual pace of 80 trillion yen ($725 billion), up by 30 trillion yen. ...


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Today on the Hill: Income splitting a plus for voters, or a splitting headache?

2 hours 29 min ago

OTTAWA - Federal politicians will splitting hairs today over whether income splitting is a good idea.


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RBS takes $640 million forex hit and warns more to come

3 hours 3 min ago

By Matt Scuffham LONDON (Reuters) - State-backed Royal Bank of Scotland has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits. RBS, 80 percent-owned by the British government following a 45 billion pound bailout during the financial crisis of 2007 to 2009, on Friday joined other big rivals in signaling it is close to agreeing settlements over alleged manipulation of the $5.3 trillion-a-day foreign exchange market. ...


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