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Manitoba government says prospectors find diamonds in province for first time

WINNIPEG-The Manitoba government says prospectors have found diamonds in the province for the first time in what could eventually translate into further mineral development. The government, however, stressed that the discovery by the Manitoba Geological Survey and its industry partner Lynx Consortium in the northeast of the province is preliminary, ...

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RBC grows first quarter profit by 24 per cent to $3.03 billion, revenue up

By Alexandra Posadzki THE CANADIAN PRESS TORONTO-Royal Bank of Canada, the country’s largest lender, reported stronger-than-expected first-quarter results Friday on the back of solid earnings from its Canadian banking, wealth management and capital markets businesses. RBC (TSX:RY), the second of the five big banks to report quarterly earnings, had $3.03 ...

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Ikea Canada buying second Alberta wind farm; sellers get total of $119.6 million

BURLINGTON, Ont.-Ikea Canada has signed a deal to buy an Alberta wind farm from TransAlta and Teck Resources for a total of $119.6 million. TransAlta (TSX:TA) said Thursday it will receive about $61 million for its 51 per cent interest in the 88-megawatt Wintering Hills wind farm near Drumheller, Alta. ...

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Will a ‘Trump Dump’ spark the next gold rush? Not necessarily so, experts say

By Linda Nguyen THE CANADIAN PRESS TORONTO-There’s been an undeniable sense of optimism surging through North American stock markets since Donald Trump was elected U.S. president. In recent days, indices in Toronto and New York have either flirted with or smashed their all-time highs. Some financial experts say although there ...

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TSX surges on Keystone XL news and higher oil prices, as U.S. indexes hit records

By Linda Nguyen THE CANADIAN PRESS TORONTO-North American stock markets surged Tuesday as investors cheered on news that U.S. President Donald Trump has revived plans to build the Keystone XL pipeline, which would transport oil from Canada to the U.S. In Toronto, the S&P/TSX composite index rallied 130.56 points to ...

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Business Highlights How a Trump tariff could sideswipe US auto industry

DETROIT (AP)-The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the auto industry into disarray, analysts say. And it would force some uncomfortable choices: raise car prices or swallow the cost, stop selling Mexican-made cars in the U.S. but risk losing customers or ...

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Cameco shares fall after uranium giant warns that analyst estimates are too high

TORONTO-Shares of Canada’s largest uranium miner fell more than 10 per cent in late morning trading following a warning that analyst estimates are too high and it expects to report a loss for 2016. Cameco Corp. (TSX:CCO) shares were down $2.24 or nearly 13 per cent at $15.08 in trading ...

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Cabinet shuffle: meet the new ministers around PM Trudeau’s table

By Joanna Smith THE CANADIAN PRESS OTTAWA-Prime Minister Justin Trudeau brought three not-so-familiar faces into his federal cabinet Tuesday and placed them in key roles. Here’s a closer look: Francois-Philippe Champagne-International Trade The Liberal MP representing the Quebec riding of Saint-Maurice-Champlain had made no secret of his desire to be ...

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