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Vancouver’s Housing Market May Have Seen ‘Final Hurrah,’ Says Royal LePage

Royal LePage CEO Phil Soper says house prices in Greater Vancouver grew 30.6 per cent year-over-year in the third quarter of the year, marking what may have been the real estate market’s “final hurrah.” The real estate agency says the average house price in the region soared to $1.19 million in the three-month period that ended Sept. 30, up from …

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Auditor Raises ‘Significant Doubts’ About B.C. Online Retailer Cymax’s Ability to Stay in Business

With aspirations of becoming the Amazon of furniture, Burnaby, B.C.-based Cymax Stores Inc. has grown into something of a darling in Canada’s tech scene. The online home furnishings retailer was named to last year’s Profit 500 list of fastest growing companies in Canadian Business magazine, and received glowing profiles in that publication and local media. But a 2015 financial audit …

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Unifor Has Secured $900M in Auto Industry Investment, But Analysts Question Whether it Will Turn the Tide

TORONTO — Unifor has managed to secure nearly $900 million of investment for Canada’s auto assembly plants in the space of just a few weeks, a feat that union president Jerry Dias trumpeted as “completely reversing the trend” of a shrinking Canadian industry. However, analysts say it’s not quite that simple, and while Unifor has secured meaningful investments in the …

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Amazon Will Limit Merchant Access to its Warehouses During Holiday Season, Sources Say

Amazon.com Inc. is restricting merchant access to its warehouses during the busy holiday shopping season, people familiar with the matter said, signalling that the online retailer is worried about capacity issues that have created problems in the past. The Seattle e-commerce giant is freezing new merchants out of its fast-delivery service Fulfilment By Amazon until Dec. 19, preventing them from …

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Molson Coors Set to Increase Beer Selection in Canada With Miller Deal

MONTREAL — Molson Coors says it wants to offer Canadians a wider selection of imported beers after closing its $12 billion (U.S.) acquisition of Miller brands that makes it the third-largest global brewer. Several craft and mainstream brands from the United States and Europe — including Leinenkugel, Miller High Life, Sharp’s, Staropramen and Franciscan Well — could make their way …

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Theranos medical-testing Startup Sued by Investors

Theranos Inc. and founder Elizabeth Holmes are being sued for misleading investors while raising $100 million for the medical-testing startup. Partner Investments LP requested, in Delaware state court Monday, that a stock-purchase agreement made with Theranos be rescinded in the wake of scandals involving the Palo Alto, California-based company’s blood-testing capabilities. The hedge fund claims Theranos officials lied about the …

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Is Creating a Reusable Coffee Cup a Planet Saver or a Mug’s Game? Wells

Andrew Brooks isn’t the first business person to gaze upon his years of entrepreneurial obsession and think: “I wish I could go back in time and meet myself and say, ‘Don’t do this.’” By “this” he means his determination to redesign those bulky, environmentally friendly, reusable coffee mugs into a collapsible, tuck-it-in-your-pocket version. “What the world seems to need is …

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Canada Faces Hard Truth on Global Performance: Wells

Canada, we’ve got a problem. Dominic Barton did not deploy that precise phrase in the speech he delivered in Toronto this week, but it’s a reasonable distillation of the message coming from the chair of Canada’s Advisory Council on Economic Growth. We are not doing very well on foreign direct investment — the Organization for Economic Co-operation and Development (OECD) …

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Is Canada a World Leader on Climate Change?: Olive

Will the world follow Canada’s example in fighting climate change? It should, according to the editorial board of Bloomberg News. Prime Minister Justin Trudeau ruffled feathers last week by giving the provinces and territories two years to sharply cut carbon emissions to achieve targets to which Canada committed itself at last year’s global-warming conference in Paris. Fortunately, even those Canadian …

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When Startups Fail, Employees and Customers are often hit Hard

SAN JOSE, CALIF.—Silicon Valley has long lured ambitious entrepreneurs into shiny co-working spaces and startup accelerators, promising them the chance to create the next Google, Facebook or Uber. But the reality is most startups fail, a risk that some say is growing as funding that once poured into the booming tech market begins to slow. For founders and employees, the …

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