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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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Annoyed with Canada, U.S. trade czar floats idea of separate NAFTA deals, lawmaker says

WASHINGTON — The United States trade czar is expressing frustration with Canada in the NAFTA negotiations. That’s according to a U.S. lawmaker who attended a meeting with him today. Congressman Ron Kind says U.S. Trade Representative Robert Lighthizer is even talking about finishing NAFTA negotiations with Mexico first, then doing a separate negotiation with Canada later. Kind is a Democrat …

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‘I am not giving up on this’: Kinder Morgan president vows to fight for Trans Mountain

If the point of the British Columbia government’s continuing tantrums against bitumen pipelines is to get proponent Kinder Morgan Canada Ltd. to quit in frustration, it’s not working. President Ian Anderson, who has led the proposal to expand the Trans Mountain pipeline through years of erratic B.C. politics, said the project is staying the course — even if it’s moving …

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WestJet CEO says it hopes to recruit Swoop pilots from mainline operations

WestJet Airlines Ltd.’s chief executive said the airline hopes to recruit pilots from its mainline and Encore services to fly planes for its new ultra low-cost carrier Swoop, but that it will hire externally if necessary — a move that the company’s new pilots union said it is against. “I will say, first and foremost, that it is Swoop’s preference …

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