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BMO Boosts Dividend as Fourth-quarter Profit Jumps 11 Per Cent

Bank of Montreal raised its dividend Tuesday as it reported a fourth-quarter profit of $1.35 billion, up an 11 per cent from a year ago. The bank increased its quarterly payment to shareholders by two cents to 88 cents per share. Bank of Montreal’s profit of the quarter ended Oct. 31 amounted to $2.02 per share, up from $1.21 billion …

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Google, B.C. Firm Duel Over Free Speech, Copyright in Supreme Court Battle

OTTAWA—A legal fight between Internet giant Google and a British Columbia technology company unfolds today in the Supreme Court of Canada, where they will duel over competing free speech and copyright infringement issues. At issue is whether Canadian courts have the jurisdiction to make sweeping orders to block access to content on the Internet beyond Canada’s borders. Google is challenging …

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Vancouver real-estate Tax Pushes Demand to Toronto, Seattle Markets

Just a few days after Vancouver announced a tax on foreign property investors, Seattle real-estate broker Lili Shang received a WeChat message from a wealthy Chinese businessman who wanted to sell a home in Canada and buy in her area. After a week of showings, he purchased a $1-million (U.S.) property in Bellevue, across Lake Washington from Seattle. He soon …

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October Trade Deficit Falls to $1.1 Billion, Smallest Since January

OTTAWA—The country’s trade deficit narrowed to $1.1 billion in October, the smallest shortfall since January, after hitting a record high of $4.4 billion the previous month due to the import of a key component for a Newfoundland offshore oil project, Statistics Canada said Tuesday. The result topped expectations of a deficit of $2 billion for the month, according to Thomson …

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IBM’s Watson Graduates to real-world cybercrime Fight

FREDERICTON—Just seven months after IBM announced it would begin teaching its Watson computer system to fight cybercrime, the company is graduating Watson to the next level of instruction. Caleb Barlow, vice-president of IBM Security, says 40 organizations will begin beta testing of the cognitive technology. “The learning process is going well. Part of this is getting it out there to …

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Google Hits its Renewable Energy Goals

SAN FRANCISCO—Google is crossing a milestone in its quest to reduce pollution caused by its digital services that devour massive amounts of electricity. The company says it believes that beginning next year, it will have amassed enough renewable energy to meet all of its electricity needs throughout the world. That’s significant, given Google’s ravenous appetite for electricity to power its …

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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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