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Canada’s GDP racked up 0.6 per cent development in January, beating expectations and earning rave reviews from economists. “Roaring start,” “most encouraging in recent memory”, “impressively rapid progress” and “flying start” were some of comments around the broad-based growth that’s the strongest since July 2013. It’s not great news for anyone dreaming about an interest rate cut when the Bank ...

OTTAWA – One month of strong economic growth shouldn’t be seen as a pattern of sustained recovery for 2016. But when followed by three straight months of gains at the end of last year, that may tell a different story. Canada’s gross domestic product grew by a nearly three-year high of 0.6 percent in January, much better than the 0.3 ...

CALGARY ? The phase-out of coal-fired power generation in Alberta will start in 2018, not the mandated 2030 deadline, the president of the Coal Association of Canada said Thursday. How Canada’s hard-hit oilfield workers are demanding respect amid 'absolute desperation’ Claudia Cattaneo: Canadian Association of Oilwell Drilling Contractors has launched a ‘Oil Respect’ campaign that uses tools right out of ...

OTTAWA, Ontario – An electrical plant around the Saskatchewan prairie was the truly amazing expect industries that burn coal. In the first large-scale project available, the guarana plant was designed with a technology that promised to pluck carbon in the utility’s exhaust and bury it underground, transforming coal into a cleaner source of energy. In the months after opening, the utility ...

Like homebuyers gambling on floating-rate mortgages rather than locking in more expensive fixed rates, Canada is betting it may cut costs by borrowing short-term because it issues an archive $133 billion in debt to finance an ambitious spending program. “We’ve remained open to the glory of issuing longer-term bonds,” Finance Minister Bill Morneau said within an interview Wednesday at Bloomberg’s headquarters ...

OTTAWA – The mood among Canadian business leaders is “subdued overall,” because the drag in the oil-price shock is constantly on the overshadow steady foreign demand that’s been fuelled with a weak dollar. “Expectations for future sales growth remain positive, with clear signs of support from U.S. demand,” the financial institution of Canada said Friday in the spring Business Outlook ...

TORONTO ? “Permission to Relax” is among four inspirational sayings etched on the stemless Riedel wine glasses Starbucks is using for that debut of its Starbucks Evenings program in Canada. Starbucks taking its mobile app to new heights with overseas expansion Starbucks Corp., a pioneer in getting consumers to purchase products with a mobile phone, is boosting paying for digital ...

MONTREAL — Bombardier Transportation says the head of their Central Eastern Europe region will be leaving and the responsibilities is going to be split between two separate management teams. Michael Fohrer will take responsibility for Bombardier’s locomotives and lightweight rail vehicles segments inside the CEE region while Germar Wacker will end up head of the mainline and metros segment. Bombardier’s ...