The recent arrest of several dozen people in India this month has been followed by a significant drop in the number of telephone scams where people call Canadians pretending to be members of the Canada Revenue Agency looking for a bogus tax payment.
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Tesla may get into ride-hailing business in 2017

Electric car maker Tesla Motors has plans to get into the ride-hailing and sharing businesses.
The company hinted at the venture earlier this week when it announced that all of its cars would come equipped with hardware needed to drive themselves.
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Inflation rate up 1.3 per cent last month, Statistics Canada says

OTTAWA -- Statistics Canada says its consumer price index was up 1.3 per cent in September compared with a year ago.
That indicates slightly higher inflation compared with August when the index was up 1.1 per cent.
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Feds seek input on shifting some mortgage default risk to banks

OTTAWA -- The federal government formally launched consultations Friday to explore potential changes that would shift some of the financial risk tied to insured mortgages from the shoulders of taxpayers to lenders, such as the banks.
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Second wave of cuts as Bombardier slashes 7,500 jobs

MONTREAL — A second large wave of job cuts is hitting Bombardier workers in less than a year as another 7,500 positions are to be eliminated around the world through the end of 2018.
About 2,000 positions will be cut across Canada, including 1,500 in Quebec.
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Royal Bank's CFO Janice Fukakusa to retire; Rod Bolger takes over

TORONTO - Royal Bank (TSX:RY) says its chief financial officer Janice Fukakusa will be retiring at the end of January after a 31-year career with the bank.
Rod Bolger, who is currently the executive vice-president of finance and controller, will take over as RBC's chief financial officer.
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Death from overwork in Japan shows lessons unlearned

TOKYO -- Matsuri Takahashi's dream career at Japan's top ad agency, Dentsu, ended with her suicide as her overtime pushed past 100 hours a month.
"I'm emotionless and only wish to sleep," she wrote, exhausted and depressed, in a Twitter post in October 2015, six months after starting the job.
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DavidsTea CEO Sylvain Toutant plans to exit at end of current financial year

MONTREAL - DavidsTea says chief executive officer Sylvain Toutant is leaving the Montreal-based company to pursue other interests.
Toutant says the decision to leave the Montreal-based specialty retailer was difficult to make but the right one from a personal standpoint.
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Bombardier cutting 7,500 jobs over next two years

MONTREAL - Bombardier says it is cutting another 7,500 jobs around the world over the next two years, including about 2,000 across Canada.
The Montreal-based plane and train maker says the reductions designed to save about US$300 million a year are part of its plan to restore its profitability by 2020.
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Lululemon warns Ottawa it could move headquarters out of Canada

Vancouver-based retailer Lululemon has threatened it could move its headquarters out of Canada if federal regulators don’t grant them an exemption to the Temporary Foreign Workers (TFW) program.
The popular apparel company wrote a letter submitted to the House of Commons Finance Committee in late July seeking an exemption to the program in order to expand its business and remain in Canada.
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Canadians becoming less dependent on banks: EY report

TORONTO - A new survey from EY suggests Canadians are becoming less dependent upon their banks as the main providers of financial services.
The business consultancy firm says a quarter of those polled agreed with the statement, "I'm less reliant on established (financial services) companies and banks these days, as there are more options to self-manage my finances.
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Precision Drilling had $47 million net loss for third quarter

CALGARY - Precision Drilling Corp. had a $47 million net loss for the third quarter as revenue declined 45 per cent from last year.
The loss amounted to 16 cents per share, which was an improvement from the Calgary-based drilling company's 2015 third quarter loss of $87 million or 30 cents per share.
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Deadline looming for Canada-EU trade pact

OTTAWA - They're listening carefully to the noisy argument spilling out of their neighbour's house - but for the moment they're giving the appearance of keeping their noses out of it.
That essentially is the Canadian government's position with the deadline looming for European Union countries to approve their wide-ranging free trade deal with Canada.
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