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Trump personally pushed U.S. Postal Service head to double rates on Amazon, other firms

WASHINGTON – U.S. President Donald Trump has personally pushed U.S. Postmaster General Megan Brennan to double the rate the Postal Service charges Amazon.com and other firms to ship packages, according to three people familiar with their conversations, a dramatic move that probably would cost these companies billions of dollars. Brennan has so far resisted Trump’s demand, explaining in multiple conversations …

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Why Stephen Poloz isn’t ready just yet to pivot on interest rates

Normally, we’d preview the Bank of Canada’s next policy decision closer to the actual date. But all the relevant data has been published, so why wait? Unless the central bank scraps its story, it will leave the benchmark rate at 1.25 per cent on May 30. Canada’s dollar dropped half a cent against its U.S. counterpart on Friday, probably because …

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What needs to happen before Canadian bank stocks rally

Solid third quarter earnings and even better year-to-date results, coupled with a lacklustre share price performance so far in 2017, have Canadian bank stocks looking like pretty good value these days. That has some investors looking forward to a rally in the near future, but a few issues might need to be sorted out before that happens. Darko Mihelic, a …

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‘Death by Amazon’: Why some retailers are withstanding the onslaught

TORONTO — Amazon.com Inc.’s purchase of Whole Foods Market Inc. last month has pushed an already nervous retail sector into a collective panic not seen since the great recession. Old-guard retailers are furiously transforming their business models in an attempt to compete against the Seattle-based online giant, while analysts and investors are scouring quarterly sales figures, wondering if any retailers …

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As Sears Canada head moves to launch bid, wife’s role in company raises questions

TORONTO — As Sears Canada executive chairman Brandon Stranzl prepares to launch a bid for the ailing department store chain, questions persist as to how his wife was able to secure an executive role with the retailer that lasted for more than a year and ended weeks before the company filed for bankruptcy protection. Jennifer Stranzl worked as the company’s …

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Putin’s Venezuela: How Moscow is grabbing oil assets through loans to Caracas

Caracas/Houston — Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive – and offering prized state-owned oil assets in return, sources familiar with the negotiations told Reuters. As Caracas struggles to contain an economic meltdown and violent street protests, Moscow is using its position as Venezuela’s lender of last resort …

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John Summers: Ottawa Lawyer Perpetuates Abuse Against Sick Elderly Woman

Is it really true that the world is coming to an end? This is the million dollar question that many people have been asking for a very long time now and conspiracy theorists will straight away answer in the affirmative. A look at the situation involving an elderly woman, Dezrin Carby-Samuels and her son, Raymond being subjected to all forms …

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U.S. Government Withdraws Request Ordering Twitter to Identify Trump Critic

The legal battle between Twitter and the U.S. government ended Friday, after the Department of Homeland Security (DHS) withdrew its demand that the tech company release information to identify an account holder whose tweets are critical of President Donald Trump on Twitter. The lawsuit threatened to become a major battle over free speech between Silicon Valley and Washington. But it …

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Toronto’s Trump Tower sells for $298M

A Canadian judge on Thursday approved the sale of the Donald Trump-branded Toronto hotel and condo tower to its main debt holder after no other bids were submitted for the troubled building. Justice GlennHainey of the Ontario Superior Court of Justice approved the $298 million “stalking horse” bid from San Diego investment firm JCF Capital ULC. The Trump Organization had …

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Brooke Henderson Feels her Game is Really Close

RANCHO MIRAGE, Calif. — It seems like Brooke Henderson can’t win. That’s in the figurative sense because the 19-year-old from Smiths Falls has proven she is one of the world’s best. She’s won three times on the LPGA Tour. She beat world No. 1 Lydia Ko in a playoff with one of the best pressure shots in Canadian golf history …

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