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Sleep-tech Entrepreneurs Seek to Put Insomnia to Rest

If you are reading this at 3 a.m., chances are that James Proud wants to put you in a deep slumber. As the inventor of the sleep-tracking device Sense, Proud has enjoyed heady success in the quickly growing sleep tech field: Sense’s 2014 Kickstarter campaign raised about $2.4 million even though the goal was only $100,000. One of Proud’s business …

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The Gates Way to a Better Future: Olive

“[The] hybrid engine of self-interest and concern for others can serve a much wider circle of people than can be reach by self-interest or caring alone.” — Bill Gates Bill Gates is not the antidote to what could be a new era of self-obsession ushered in by the rise of Trumpism. But the humanitarianism of Gates, who has been engaged …

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Vancouver’s Housing Market May be Returning From ‘Insanity’

Vancouver’s long-awaited housing correction may be around the corner: prices are headed for a double-digit decline in 2017 as buyers drop out of the market, according to the head of Canada’s largest real estate services company. “Home prices had gotten so out of whack with the growth in underlying wages and salaries that there had to be a correction,” said …

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RUN-D.M.C. Suing Walmart, Amazon for Trademark Infringement

Amazon, Walmart and other retailers are being sued for $50 million for allegedly infringing on the trademark of iconic rap and hip-hop group RUN-D.M.C. The stores “are trading on the goodwill” of the band and confusing consumers by “advertising, manufacturing, selling and distributing multiple products” that erroneously imply the group endorsed the merchandise, according to the lawsuit filed Thursday in …

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TSX Edges up After Holiday Closures as U.S. Markets Retreat

After being closed for two days, Toronto’s main stock index finished in positive territory Wednesday as oil prices rose to their highest level all year. The S&P/TSX composite index gained 32.95 points at 15,361.10, buoyed by advancing gold, materials and energy stocks. The Toronto market had been closed on Monday and Tuesday to observe the Christmas and Boxing Day holidays. …

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Pipelines Voted Canadian Press Business Story of the Year

CALGARY—The increasingly divisive debate over pipelines, with the economic benefits and environmental concerns they carry, has been selected as The Canadian Press business story of the year. In an annual survey of newsrooms across the country, pipeline development edged out another politically charged issue — real estate — by a single vote, a reflection of how the two stories competed …

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Task Rabbit Falling Just Short of Startup Success

NEW YORK—TaskRabbit was founded in 2008 with a big idea. On the company’s website and app, people make money by assembling strangers’ Ikea furniture or cleaning their bathrooms. There’s nothing particularly exciting about other people’s chores, but Leah Busque, a former IBM engineer who started the company, had grand ambitions. “Our mission is to revolutionize how people work,” she told Bloomberg TV last year. TaskRabbit showed up on the heels of the iPhone, when …

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Volkswagen Financial Acquires Vancouver-based PayByPhone

Vancouver-based parking payment company PayByPhone has been acquired by Volkswagen Financial Services AG. Terms of the deal were not disclosed. Founded in 2001, PayByPhone bills itself as one of the fastest growing mobile-payments companies in the world, processing more than $250 million in payments annually. PayByPhone says its mobile web, smartphone and smartwatch applications are used by more than 12.5 …

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Too Many Positives Make a Negative for Online Retailers

There is a term for those suspiciously enthusiastic online reviews and testimonials that read like they were written by the business owner or paid for. It’s called “astroturfing,” and according to Canada’s Competition Bureau, it’s the practice of creating commercial representations that masquerade as the authentic experiences and opinions of impartial consumers. While companies that engage in such practices believe …

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Online Fashion Merchant Boohoo Shares Soar 260 Per Cent in 2016

Many investors in retail stocks will be happy to see the back of 2016. But not those who bet on Boohoo.com. The online fashion merchant’s shares have soared about 260 per cent in 2016 as fashion-conscious youngsters snapped up garments such as bomber jackets and shoulder dresses for £15 apiece. The stock’s rise is the biggest of any western European …

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