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Bank of Canada hikes interest rate on strong economy, but underlines NAFTA risks 

By Andy Blatchford THE CANADIAN PRESS OTTAWA- The economy’s impressive run prompted the Bank of Canada to raise its trend-setting interest rate Wednesday for the third time since last summer, but looking ahead it warned of growing uncertainties about NAFTA. The central bank pointed to unexpectedly solid economic numbers as ...

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Navajo Nation sues Wells Fargo for alleged predatory tactics

WINDOW ROCK, Ariz.- The Navajo Nation announced Tuesday that it’s suing Wells Fargo for allegedly engaging in predatory and unlawful banking practices that targeted and harmed tribal members. In a statement, Navajo Nation President Russell Begaye said the tribe’s lawyer has been directed to seek restitution, damages and civil penalties ...

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PayPal ordered to disclose business account information to Canada Revenue Agency 

By Dan Healing THE CANADIAN PRESS CALGARY -The records of Canadians who use PayPal business accounts to make and receive payments will soon be in the hands of the federal government’s tax-collecting agency. The online payments company said Wednesday it has been given 45 days to hand over information identifying ...

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Despite benefits boost, feds post $100 million deficit through four months

OTTAWA- The federal Finance Department says the government ran a $100-million deficit through the first four months of the current fiscal year, a significant decline from the same period last year. Between April and July 2016, the Liberals had posted a deficit of $2.8 billion. The government’s monthly fiscal monitor says ...

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NewsAlert: Ottawa says federal deficit for 2016 17 was $17.8 billion

OTTAWA- The federal Finance Department says the government ran a smaller deficit than it was expecting in the spring budget. Ottawa ended its 2016-17 fiscal year with a deficit of $17.8 billion. That compared with a $23-billion deficit that was forecast in the spring budget. Government revenues were down $2.0 ...

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Century old $5 bill sold at auction for $11,000 

FORT MYERS, Fla. -Money may not grow on trees, but its value can grow. That was evidenced last week by a $5 bill issued almost 100 years ago by a Florida bank that was sold at auction for more than $11,000. The News-Press in Fort Myers reports that the auction ...

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