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‘Flashing warning signs’: Canadian markets bracing for ‘dramatic’ Bank of Canada action — and a recession

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OTTAWA ? Recent moves in Canadian markets claim that investors see increased likelihood of an economic downturn this season and the possibility of “dramatic action” from the Bank of Canada. Risks to Canada ‘substantial’ if oil stays below $50 for next five years, BofA warns Canada is going to be among the hardest hit nations within the developed world if ...

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Spray-on law: Even graffiti artists have a claim on copyright

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The ubiquity of graffiti inside a sharing economy has led many people to think C mistakenly C that it may be employed when needed. “Because graffiti tends to come in public facilities and often is a result of vandalism, lots of people, including people in the artistic community, possess the view that it is not protected by copyright,” says Tara ...

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Two days, two deals: Can Barclays Capital Canada complete the hat trick on Wednesday?

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The second week of February 2016 continues to be very rewarding for Barclays Capital Canada, one of Barclays Bank plc. On Tuesday, the day Fortis announced it had decided to offer US$6.9 billion to acquire U.S. power transmission company ITC Holdings Corp., tucked away towards the bottom from the release was that Barclays, together with Morgan Stanley, advised the seller. ...

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This market is more 2011 than 2008, say analysts, complete with ‘quite severe’ rolling bear market

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Financial markets have been flashing a lot of warning signs in the past month that have spooked investors and led to a flight ticket from risk for much of this year, drawing parallels to the economic crisis of 2008. Like that year, banks would be the big focus, with investors now selling off U.S. and European banks around credit fears.  ...

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Credit unions beginning to embrace fintech: ‘The way Canadians use financial services is rapidly changing’

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Like Canada’s big banks, lending institutions are starting to embrace ‘fintech’ – financial technology – to protect key consumer and lending businesses from upstart online challengers which use a combination of data and technology to entice customers. British Columbia’s First West Bank and Vancouver-based Grow announced Wednesday they’ve formed a partnership targeting B.C. residents. , Northern Bank, located in Sault ...

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Risks to Canada ‘substantial’ if oil stays below $50 for next five years, BofA warns

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Canada is going to be among the hardest hit nations within the planet if oil remains below US$50 for the next five years, barely eking out one per cent growth annually, economists say. “In a world of ultra-low oil prices, Canada’s growth model must change,” said Emanuella Enenajor, senior United states economist for Bank of the usa Merrill Lynch. “But ...

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Manufacturing’s rebound faces ‘significant’ structural hurdles: federal memo

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OTTAWA – Amid hopes that Canadian manufacturing will drive economic development in a country reeling from low oil prices, internal federal documents warn the sector’s rebirth is staring at “significant” structural obstacles. In a recent memo addressed to Economic Development Minister Navdeep Bains, advisers indicate industry hurdles which include low productivity, poor innovation, a failure to scale up and weak ...

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Trevor Tombe: How to create two jobs for every Canadian worker

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With each new subsidy, tax incentive, or project, we’re told some quantity of jobs follows. No doubt you’ve seen the headlines. The Trans Mountain Pipeline can create 3,300 permanent jobs and East can create over 4,250. Bombardier, which is looking for government financial support, claims responsibility for 64,800. The numbers aren’t pulled from nothing, they are available from what exactly ...

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