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Trump Treasury pick defends foreclosure actions, asset disclosure

WASHINGTON -- Steven Mnuchin, President-elect Donald Trump's pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over his handling of thousands of mortgage foreclosures and his failure to initially disclose to the committee nearly $100 million in assets and interests in a Cayman Islands corporation.
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Facebook CEO trying to buy out land near his Hawaii estate

HONOLULU -- Facebook CEO Mark Zuckerberg is going to court to gain ownership of isolated pockets of land tucked away within his sprawling estate in Hawaii.
Many of the 14 parcels on the island of Kauai are less than an acre.
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Manufacturing sales top expectations for November, gaining 1.5 per cent

OTTAWA -- Canadian manufacturing sales topped expectations in November as they climbed 1.5 per cent in the month to $51.8 billion.
Economists had expected a gain of 1.0 per cent for the month, according to Thomson Reuters.
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Uber pays US$20 million to settle claims of driver deception

SAN FRANCISCO -- Uber Technologies is paying $20 million to settle allegations that it duped people into driving for its ride-hailing service with false promises about how much they would earn and how much they would have to pay to finance a car.
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NewLeaf cancels more flights amid 'schedule change'

Budget flight company NewLeaf has cancelled more flights in Ontario, B.C., Alberta and Nova Scotia for the next few weeks.
According to a memo sent to passengers, four flights — all on Sundays — have been cancelled, effective Jan.
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George Soros says Trump a 'would-be dictator' who will rattle markets

NEW YORK -- Billionaire investor George Soros said Thursday he views President-elect Donald Trump as an "impostor and con man and a would-be dictator" who will rattle financial markets.
Soros, a big supporter of Hillary Clinton's failed presidential campaign, said he is confident Trump will be checked by Congress and the Constitution.
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U.S. ends probe of fatal Tesla crash without recall: AP source

WASHINGTON -- U.S. safety regulators will end an investigation into a fatal crash involving electric car maker Tesla Motors' Autopilot system without seeking a recall, a person briefed on the matter said Thursday.
The National Highway Traffic Safety Administration scheduled a call Thursday about the investigation.
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Car makers concerned about Trump, says Canadian innovation minister

OTTAWA -- A Liberal cabinet minister says he's hearing concerns from auto makers about negative effects on their industry from a Donald Trump presidency.
Economic Development Minister Navdeep Bains says he's had conversations with concerned automakers at the recent Detroit auto show and during his current visit to the World Economic Forum in Davos, Switzerland.
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U.S. ends probe of Tesla fatal crash without seeking recall

WASHINGTON -- Tesla Motors Inc. won't face a recall or fine as a result of a fatal crash involving its Autopilot system, but U.S. safety regulators are warning auto manufacturers and drivers not to treat semiautonomous cars as if they were fully self-driving.
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Trump uncertainty may be 'golden moment' for Canadian firms to invest: expert

OTTAWA - A well-known trade expert is pitching the counter-intuitive idea that widespread uncertainty tied to president-elect Donald Trump's protectionist vows has likely created a once-in-a-lifetime investment opportunity for companies.
Export Development Canada's Peter Hall says he's been advising business leaders to consider swooping in on investment opportunities here and abroad while others sit idle from fear over the trade and tax changes being floated in the U.S.
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Genworth follows CMHC's lead and hikes premiums for mortgage insurance

Genworth Canada, the largest private mortgage insurer in Canada, has matched the CMHC's move earlier this week to hike the premiums it charges homeowners to insure their mortgages.
On Monday, the housing agency raised its mortgage premiums across the board in response to new federal regulations aimed at increasing the amount of cash the CMHC has on hand to hold against their mortgages.
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Trump pays $25 million to settle Trump University cases

SAN DIEGO -- President-elect Donald Trump has paid $25 million to settle three lawsuits against his now-defunct Trump University, signalling that a judge's approval of a settlement agreement remains on track for March 30.
Trump Entrepreneur Initiative LLC paid the money into escrow ahead of Wednesday's deadline, said plaintiff attorney Jason Forge, who represented people who took seminars that promised to teach success in real estate.
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North Dakota landowners sue over Access easements

BISMARCK, N.D. -- A group of about two dozen North Dakota landowners is suing the developer of the disputed Dakota Access oil pipeline for alleged deceit and fraud in acquiring land easements.
Already, landowners in Iowa await a state judge's ruling in another easement case regarding the $3.8 billion, four-state pipeline.
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