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Rail crunch leaves oil, wheat stranded on Prairies

WINNIPEG—A shortage of rail cars in Canada is leaving grain and oil shipments stranded on the Prairies, sending crude prices plummeting and leaving farmers in a cash crunch. The nation’s biggest railways haven’t been able to deliver enough cars after harsh winter conditions and as a sudden boom in energy production sparked a swell of demand. Some farmers have been …

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Home Capital says mortgage business may be shifting to alternative lender

Home Capital Group Inc. believes early results from this year suggest that mortgage business may be migrating to the alternative lender after the federal banking regulator introduced tougher rules for uninsured mortgages at the beginning of the year — even though it too is required to abide by the requirements. Preliminary indicators also suggest the credit quality of Home Capital …

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Markets are in turmoil. Where should you invest your RRSP?

It’s RRSP time again, only this year it’s a little different. The recent turbulence in the stock markets has left a lot of people wondering where they should be investing their money these days. For the past several years it’s been a relatively simple decision. Buy stocks, especially U.S. shares. Then sit back and watch the money roll in. It …

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Facebook losing friends as Snapchat courts younger users

Facebook Inc. is losing its swagger with young users, who are increasingly migrating to rival platforms including Snap Inc.’s Snapchat, according to a new study. Facebook will lose 2 million users under 25 in the U.S. this year while Snapchat will add 1.9 million, EMarketer Inc. said Monday, citing its own report. Facebook usage among kids younger than 12 will …

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Lull in Toronto’s housing gives buyers the upper hand

The dip in Toronto’s housing market means there’s a different dynamic at play between sellers and buyers this year. An analysis by Zoocasa shows more neighbourhoods have become buyer’s markets — areas where there is enough competition among sellers that buyers have more choice and more room for negotiation — conditions that simply weren’t on the table in heated January …

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Canada suffers biggest job loss in nine years

Dismal Canadian job numbers Friday capped off a week of rough financial news, including jaw-dropping volatility on stock markets in Canada and around the globe. Statistics Canada reported record part-time job losses in January that gave Canada’s labour market its biggest one-month drop since the last recession in 2009 — after which stock markets began their bull run. The loss …

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Drought in India curtails chickpea crop, leads to spike in hummus prices

LONDON—British shoppers began noticing in recent weeks that hummus prices were up significantly. The cause: a drought thousands of miles away. Insufficient rains in India have resulted in several years of poor harvests of chickpeas, the main ingredient in hummus. The country, by far the world’s largest producer of chickpeas, grows the legume mostly for domestic consumption. But worse-than-expected harvests …

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Three Canadian solar panel companies sue U.S. over tariffs

Three Canadian solar panel manufacturers have filed a lawsuit against the U.S. government over the 30 per cent tariff it set on solar cell imports last month. Ontario-based Silfab Solar Inc., Heliene Inc., and Canadian Solar Solutions Inc., along with U.S.-based distributor Canadian Solar (USA) Inc., filed the challenge at the U.S. Court of International Trade in New York on …

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EU steps on Christian Louboutin’s red-soled shoe in branding battle

LONDON—Can you trademark a colour? French shoe designer Christian Louboutin — known for sky-high stiletto shoes with scarlet soles that can sell for upward of $1,000 — has been trying to do so for years. Louboutin first grabbed his assistant’s red nail polish and applied it to the outsoles of a shoe a quarter century ago. Since then, he has …

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