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WASHINGTON – U.S. economic growth braked sharply within the fourth quarter as businesses increased efforts to lessen an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased in a 0.7 percent annual rate, the Commerce Department said on Friday, also as lower oil prices continued to undermine investment by energy firms and ...

Canada’s gdp expanded the very first time in three months in November on a manufacturing and wholesaling rebound, a sign the economy is shaking off the damage from a drop in commodity prices. U.S. economic growth brakes sharply, rising only 0.7% as strong dollar weighs on exports Output expanded 0.3 percent for an annualized $1.65 trillion, Statistics Canada said Friday ...

TORONTO — Ontario’s newly privatized Hydro One electric utility includes a $373-million deal to buy Great Lakes Power Transmission, which operates north and east of Sault Ste. Marie, Ont. Hydro One says it’ll acquire Great Lakes Transmission from various entities controlled by Brookfield Infrastructure, that is a part of a Toronto-based asset management group. Related Hydro One’s ‘showcase’ IPO offered ...

More economists are weighing in on negative interest rates in Canada following the Bank of Japan had become the latest central bank to adopt the experimental monetary policy a week ago. The Bank of Canada has said that it doesn’t have plans to adopt such rates here in the near-term, but has discussed the insurance policy oral appliance has studied ...

Royal Bank of Canada hired BNP Paribas SA’s Raffaele Prencipe as head of financials trading because of its capital- markets operations in London. Prencipe, 30, will concentrate on building RBC Capital Markets’ financials trading offerings as the firm develops its European credit business, the Toronto-based lender said Monday in an internal memo. Prencipe, who spent six years like a credit flow ...

People purchase newspaper subscriptions, mobile phone service, and gym memberships on the monthly basis-why not flights? A startup called OneGo is ready to apply that model towards the skies, hoping to attract business travelers with a few measure of financial predictability – and savings – within the often chaotic world of airfare prices. Don’t let the low loonie clip your ...

When you mix an inside bid with complexity there’s a reasonable chance the deal benefits one party in the cost of others. When, within the same proposed transaction, you get change of control using a “business combination” but no exchange of money, then more alarm bells go off. That’s the state of affairs at San-Diego based, TSC-Venture listed Pivot Technology ...

Canada’s biggest banks are relying more heavily on wholesale funding than their global peers, a scenario that tends to raise the risk of periodic difficulties in refinancing debt, according to Moody’s Investors Service. However, the ratings agency says the large Canadian banking institutions offset these risks C which can also raise the risk of failure C through their funding mix ...