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Bombardier Receives $620M Order From French Rail Operator for 40 Trains

MONTREAL—Bombardier has received a $620-million (U.S.) order from rail operator SNCF for 40 double-deck regional trains that will preserve employment at its railway manufacturing plant in France. The order is an option from a 2010 framework agreement valued at $11 billion to provide up to 860 trains in France. With the announcement, Bombardier has received orders for 253 trains. The …

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Trudeau Government Set to Make Major Decisions on Enbridge Pipelines

CALGARY—The federal government’s lengthy balancing act between the energy industry and the environment will soon be tested as it rules on the fate of two major oilsands pipeline projects. The government has committed to decide by Friday on two projects proposed by Enbridge: the Line 3 pipeline replacement and Northern Gateway pipeline. Reuters reported Thursday that the government would announce …

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The Currency Market is Talking and Investors Would be Wise to Listen

Being the contrarians we are, the consensus view at times tends to rub us the wrong way, especially whenever it appears investors are working backward to justify whatever action taken by the market. More recently, we’ve become very worried about the rocketing U.S. dollar and the corresponding large selloff in bonds that is being rationalized as a foreteller of inflation …

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Future of Broadband Investment Uncertain After CRTC Rate Decision

Experts are casting doubt that some major Canadian firms will follow through on threats to stop expanding their broadband networks after the CRTC lowered proposed rates to be charged to smaller rivals accessing their services. The broadcast regulator’s decision isn’t significant enough to lower the profitability of big telecommunication companies to a point where they change how they spend on …

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From Dream Home to Unholy Mess

Stories of building delays are not uncommon on the front lines of Toronto’s condo craze. But when Tracey DaSilva bought in the Union Lofts in the Junction Triangle four years ago, she expected her inconvenience and uncertainty would eventually be rewarded with the key to a dream home in a boutique church conversion in one of the city’s coolest neighbourhoods. …

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WestJet to Serve McDonald’s Coffee on Flights

CALGARY—A Canadian coffee company brew battle has been decided, with McDonald’s Canada winning the right to fly its McCafe brand on WestJet aircraft. CEO Gregg Saretsky said Monday Tim Hortons and Starbucks Canada also bid to supply their coffee to the Calgary-based airline. But McDonald’s was selected based on price and other factors including previous partnering with WestJet in children’s …

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TSX Soars to five-month High, Wall St Sets New Records

Canada’s biggest stock market closed above the 15,000-mark for the first time in more than five months on Monday, as oil prices rallied amid hopes that OPEC will strike an output deal. The Toronto Stock Exchange’s S&P/TSX composite index climbed 175.84 points, or 1.18 per cent, to 15,039.87, with energy, metals and materials stocks racking up the most gains. Most …

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Blue Water Bridge Workers Begin Strike, Traffic Keeps Flowing

POINT EDWARD, ONT.—Federal officials say traffic is flowing smoothly across Canada’s second-busiest border crossing to the United States, despite a strike that began early this morning. Workers at the Blue Water Bridge — which links Point Edward, Ont., near Sarnia, and Port Huron, Mich. — began their strike about 6 a.m. after giving the required 72-hour notice. The Public Service …

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TSX sees Small Gains as New York Stock Markets Fall

The Toronto Stock Exchange made small gains, while New York markets shed some of their value following a tumultuous two weeks after the U.S. presidential election. The S&P/TSX composite index climbed 37.94 points at 14,864.03. South of the border, The Dow Jones industrial average lost 35.89 points to 18,867.93 and the S&P 500 lost 5.22 points at 2,181.90. The Nasdaq …

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FanDuel, DraftKings Create Fantasy Sports Titan

FanDuel and DraftKings have agreed to merge after months of speculation, creating a company that would control more than 90 per cent of the turbulent daily fantasy sports industry. The deal raises potential antitrust concerns, and U.S. federal regulators will need to clear any tie-up. For customers, little will change until the merger closes, which could take more than a …

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