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Bombardier Inc plans reverse stock split as shares dive to lowest level in 25 years: sources

MONTREAL — Plane and train maker Bombardier Inc, whose stock has hit its minimum in Twenty five years, will quickly announce plans for a reverse stock split, two sources acquainted with the problem said, in order to remain a part of Canada’s benchmark stock index. The sources, who aren’t authorized to publicly discuss the plans, said Bombardier’s board of directors ...

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Brace yourselves, the loonie is expected to resume its losing streak in the months ahead: poll

The battered Canadian dollar is anticipated to weaken much more, associated with the ill fortunes of depressed oil prices and also the prospect of another rate of interest cut, a Reuters poll showed. Here are Canada’s winners and losers because the loonie nosedives After plunging to its weakest in 13 years in mid-January, to $1.4689 on Jan. 20, the Canadian ...

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Obama seeks new $10-per-barrel oil tax in budget proposal to fund clean transport

President Obama will propose a US$10 per barrel tax on oil in the fiscal 2017 budget to finance self- driving cars, riding on the bus, railroads along with other transportation improvements, the White House said. “By placing a fee on oil, the President’s plan results in a clear incentive for private sector innovation to lessen our reliance upon oil and ...

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Ottawa has room to add another $15 billion to stimulus spending, says economist

The Liberal government could have more room to manoeuvre on stimulus spending with no damage its fiscal health, say economists. Prime Minister Justin Trudeau and his government are set to unveil their budget within the coming months. Originally, Trudeau’s election platform made room for at least $5 billion a year in new infrastructure spending to assist pump necessary stimulus into ...

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Brookfield, Starwood said to plan US$785-million German Interhotel sale

Brookfield Property Partners LP and Starwood Capital Group plan to sell German hotels valued at as much as 700 million euros (US$785 million), based on a couple with knowledge of the matter. The owners have hired JLL and Eastdil Secured LLC to advise on the sale from the 10 hotels, once part of the East German government’s Interhotel chain, said ...

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Shell puts off decision on LNG megaproject in B.C. for another year as it grapples with plummeting oil prices and earnings

The punches keep coming for that Canadian oil and gas industry. The latest uppercut originated from Royal Dutch Shell Plc. on Thursday, because it postponed a choice on its US$40 billion liquefied gas export project in Kitimat, B.C. “likely” to the end of the year. Like most energy companies, Shell is reining in spending amid a serious oil and gas ...

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Bell Media braces for U.S. advertising blitz during next year’s Super Bowl thanks to ‘bizarre’ CRTC ruling

As the NFL’s Carolina Panthers prepare to take on the Gambling this Sunday, Bell Media is preparing for the chance this is the last Super Bowl having a guaranteed audience for Canadian ads. Terence Corcoran: CRTC fumbles its imaginary Super Bowl commercial crisis If this were 2017, the Victorias secret Super Bowl commercial would be no secret to Canadians watching the ...

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BCSC hires new head of enforcement after departure of former Crown prosecutor

The Bc Securities Commission filled a vital positions Wednesday using the appointment of Peter Brady as director of enforcement.  Brady was recently director of corporate finance in the BCSC, and replaces Teresa Mitchell-Banks, an old high-profile Crown prosecutor who left the commission in November after being appointed with much fanfare this year. That was exactly the same year Brady, an ...

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