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'The not so golden years' — a quarter of retired Canadians in debt, survey suggests

A "worry-free retirement" may be a thing of the past, according to a new Sun Life Financial survey, which finds that a quarter of retired Canadian are in debt in their golden years.
About 25 per cent of the 750 Canadians polled between the ages of 55 to 80 years for the Sun Life Financial Barometer said they have debt that ranges from mortgages to car payments.
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Couillard says he is open to advancing Montreal's subway contract to Bombardier

Quebec Premier Philippe Couillard is suggesting he's open to giving Bombardier a contract to replace Montreal's subway cars in order to stave off potential job losses at the company.
Couillard said today during an economic mission to Washington D.C.
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Inflation cools to 1.7 per cent, but underlying rate continues to heat up

OTTAWA -- The annual pace of inflation cooled to 1.7 per cent last month -- but rising prices underneath the turbulence of this headline number suggest the Bank of Canada is unlikely to veer from its interest-rate hiking path.
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Pension fund manager OMERS earns 11.5 per cent return after all expenses in 2017

TORONTO -- Pension fund manager OMERS earned an investment return of 11.5 per cent after all expenses last year, topping the 10.3 per cent result it posted in 2016.
The defined-benefit pension plan for Ontario's municipal employees said all of its major asset classes performed well for the year.
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Defunct Ontario mining company fined $1.3 million in 2014 worker deaths

The Ontario government says a now-bankrupt mining company has been fined $1.3 million in connection with the deaths of two workers in 2014.
The Ministry of Labour says First Nickel Inc., was convicted of six charges under the province's Occupational Health and Safety Act and mining regulations, after two workers were killed by falling material at the Lockerby Mine in Chelmsford, Ont.
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Ottawa vows legislation allowing firms to settle corporate corruption

OTTAWA -- The Canadian government is vowing to introduce legislation for corporate wrongdoing that could help SNC-Lavalin Group Inc. address criminal charges.
The government says deferred prosecution agreements (DPA), which were called for in public consultations last fall, will be another tool used by judges to hold companies accountable.
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General Mills buying Blue Buffalo Pet Products for $8B US

Cheerios cereal maker General Mills Inc. will buy Blue Buffalo Pet Products Inc. for nearly $8 billion US, seeking to tap burgeoning demand for natural pet food and offset falling sales for processed items.
The acquisition announced Friday is the latest by a major food company seeking to expand in faster growing areas such as pet- and organic-food amid falling demand for established brands.
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TD Bank stops allowing customers to use credit cards to buy cryptocurrency

TORONTO -- TD Bank says it is taking a pause on allowing customers to use its credit cards to buy cryptocurrency.
The big bank says it made the decision to conduct a review and assessment of the evolving market.
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RBC hikes dividend as flat first-quarter profit still beats expectations

RBC's increase to its common share dividend came as the lender saw strong results across its divisions for the quarter ended Jan. 31, but also recorded a writedown due to U.S.
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Auto sales to dip in most provinces, led by Ontario's 3.1% drop, Scotiabank says

Scotiabank says that slower job creation and weaker gains in household wealth will likely contribute to softer Canadian sales of cars and light trucks this year.
That would put an end to a five-year string of growth that included a record high 2.04 million vehicles sold in 2017.
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U.S. tax cuts weigh on RBC results, but also lifting U.S. business

RBC's increase to its common share dividend came as the lender saw strong results across its divisions for the quarter ended Jan. 31, but also recorded a writedown due to U.S.
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Auto sales to dip in most provinces: Scotiabank

TORONTO -- Scotiabank says that slower job creation and weaker gains in household wealth will likely contribute to softer Canadian sales of cars and light trucks this year.
That would put an end to a five-year string of growth that included a record high 2.04 million vehicles sold in 2017.
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Enterprise ends car rental discount for NRA members

Car rental company Enterprise says it is ending a discount program for National Rifle Association members.
The company tweeted late Thursday: "All three of our brands have ended the discount for NRA members. This change will be effective March 26.
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