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Millennials watching Much Less Sport programming Than parents

Young people are turning off sports on the box — something that will strike fear into television executives who hoped live matches would be immune from the diversions of Netflix and video games. European broadcasters like Sky and Telefonica pay billions for sports rights and rely on the games’ allure to attract people to their more expensive broadband and television …

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Broadcasters eye CRTC Netflix exemptions, push for parity

Broadcasters including Bell Media and Global TV owner Corus Entertainment appeared before the federal regulator over the past two weeks arguing for renewal of their operating licenses, but the name that kept coming up was nowhere near the hearing room. Presentations from a number of over-the-air providers took note of the market impact of upstart, over-the-top, Internet-based streaming content companies, …

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Fixing Vancouver’s housing Crisis will Take all Three Levels of government

The signs have long been evident that Vancouver’s skyrocketing costs for even basic shelter pose a threat of setting Vancouverites against each other — young families unable to afford a starter home versus older homeowners; and longtime residents versus offshore buyers. In months to come, civic, B.C. and federal officials will be called upon to guard against resentment and xenophobia, …

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Canadian Tire to Add Electric Car Charging Stations to 25 Ontario Locations

Electric vehicle charging stations are being added to 25 Canadian Tire Gas+ locations across Ontario. AddEnergie Technologies says the stations, which starting rolling out early next year, join the 2,500 stations along its FLO Canadian charging network. Natural Resources Minister Jim Carr who participated in Monday’s announcement in Toronto says the federal government will be contributing nearly half of the …

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Canada’s Export Slump Among Worst in the World

Canadians like to see themselves as the perennial optimists of global trade, even now as questions mount almost everywhere else over the benefits of open economies. But it’s getting awfully hard. The country is struggling to emerge from a 15-year slump in exports — among the worst track records anywhere. And with globalization trending in the wrong direction, it may …

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National Bank fourth-quarter Net Income Drops 11 Per Cent to $307M

MONTREAL—National Bank says its fourth-quarter net income was down 11.5 per cent from the same time last year, falling to $307 million from $347 million, as it recorded a number of higher expense items. Canada’s sixth-largest bank says the quarter included $96 million of restructuring charges, up from $62 million recorded a year earlier. The Montreal-based bank announced a few …

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Air Miles Collectors Stuck with Redeemed Rewards

Air Miles Canada says it won’t reimburse collectors who spent their points in anticipation of an expiration policy that will no longer take effect at the end of the year. The company that runs the Air Miles loyalty points program, LoyaltyOne, announced Thursday it was cancelling plans that would have seen collectors lose miles older than five years. While some …

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Stelco Starts Hiring as it Prepares to Operate Independently

HAMILTON—The Stelco name is back and the southern Ontario steelmaker says it has launched a hiring program as it prepares to resume functions that have been performed outside the country while it has been a subsidiary of U.S. Steel. Stelco spokesman Trevor Harris says the recruitment drive is currently focused on roles in information technology, finance, sales and procurement. The …

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Former Bank of Canada Governor Says Higher Interest Rates is Good for Global Economy

OTTAWA—Former Bank of Canada governor David Dodge says the world economy might be better off if policy-makers bumped interest rates a little bit higher. In prepared remarks for a speech today, Dodge says boosting borrowing costs would help promote price and financial stability under current global conditions, which include historically low interest rates and stagnant growth. He says rate increases …

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OPEC Momentum Pushes Oil Higher But TSX Weighed Down

Oil prices rose another three per cent to sit at just over US$51 a barrel as investors stayed optimistic about the outlook for crude after OPEC agreed to cut production. January crude contracts rose $1.62 to US$51.06 a barrel, the highest it’s been since mid-October. The increase follows a one-day gain of US$4.21, or nine per cent, when OPEC announced …

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