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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 — One of the greatest events on the Calgary Stampede’s party circuit won’t go ahead this year. Investment dealer FirstEnergy Capital states that, the very first time in 2 decades, it won’t be hosting its annual FirstRowdy bash this July. In past years, the party has been headlined by big-name acts like the Barenaked Ladies. In a letter to ...

TORONTO – Sears Canada has decided to sell and lease back a distribution centre in Calgary to Canadian Tire’s real estate trust. CT Real Estate Investment Trust says it’ll spend about $84 million including transaction costs for the location. The Sears rentals are near to two Canadian Tire distribution centres, including one acquired through the rely upon 2014. Related Sears ...

MONTREAL – Valeant Pharmaceuticals International Inc.’s long fall is warming up the controversy over whether the company is having its own reporting metrics to sugarcoat a bitter financial situation, leading a former board person in the drugmaker’s predecessor Biovail to speak out against a trend that’s been adopted by some of Canada’s largest businesses. “It may not be illegal, but it is misleading,” said Spencer Lanthier, a ...

Twitter Google+ Reddit Email Typo?More Comments LinkedIn TumblrPinterest DiggFarkItStumbleUpon MOSCOW C A St. Petersburg concert cellist continues to be revealed because the linchpin in an elaborate financial empire that manages billions of dollars apparently linked to Vladimir Putin, papers published Sunday show. Sergei Roldugin, a director from the St. Petersburg Conservatory and guest conductor in the Mariinsky Theatre, met Putin in the 1970s ...

Canadians are searching past signs of damage from low energy prices and predicting the housing surge will continue. According to weekly polling by Nanos Research, the share of respondents expecting higher real estate prices reached probably the most since December 2014 last week, or 38.7 per cent. That pushed the Bloomberg Nanos Consumer Confidence Index to 54.7 a week ago, the ...

CALGARY – TransCanada has shut down its Keystone pipeline while it investigates an oil spill in South Dakota, the organization said Monday. Mark Cooper, a spokesman for TransCanada, said a nearby landowner noticed signs of an oil spill around noon local time Saturday and informed the organization. The pipeline, which carries about 500,000 barrels of oil a day, was shut ...

Leaked documents from a Panama-based law practice have revealed how politicians, celebrities and other famous people use banks, lawyers and offshore shell companies to cover their assets. Here’s a glance at shell companies and just how they are utilised: Q What is really a shell company? A A shell company, or holding company, is really a corporation without any active ...