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‘The tide begins to turn,’ as central bank hikes rate for first time in 7 years

By Craig Wong THE CANADIAN PRESS OTTAWA-The Bank of Canada has hiked its benchmark interest rate to 0.75 per cent from 0.5 per cent, its first increase in nearly seven years, amid expectations of stronger economic growth this year. Such a move is bound to increase the costs of mortgages, ...

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Pembina & Veresen Announce Veresen Shareholder Approval of Business Combination

July 11, 20171:10 PM PR Newswire   CALGARY, July 11, 2017 /PRNewswire/ – Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (“Pembina”) and Veresen Inc. (TSX: VSN) (“Veresen”) are pleased to announce that Veresen shareholders, at Special Meetings of Veresen’s common and preferred shareholders held today, voted to approve the previously announced plan of arrangement ...

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Foreign buyer activity in Ontario market about five per cent, government says

By Allison Jones THE CANADIAN PRESS TORONTO -Newly released figures show nearly five per cent of home purchases in Ontario’s Greater Golden Horseshoe region were made by non-residents since the Liberal government announced a foreign buyer tax. The 15 per cent tax is imposed on buyers in that area, stretching ...

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Fed is set to raise rates this week despite political tumult

By Martin Crutsinger THE ASSOCIATED PRESS WASHINGTON- The Washington political world is in disarray. Britain’s election tumult has scrambled the outlook for Europe. And economies in the United States and abroad are plodding along at a pace that hardly suggests robust health. Yet when the Federal Reserve meets Wednesday, it’s ...

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Economy grows at 3.7% annual pace in Q1, household and business spending up: StatCan

By Craig Wong THE CANADIAN PRESS OTTAWA- The pace of Canada’s economic growth picked up steam in the first quarter of this year, helped by continued household spending and a turnaround in business investment. Canada’s real gross domestic product grew at an annualized rate of 3.7 per cent in the ...

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Trudeau congratulates France’s president elect Macron on decisive win

OTTAWA-Prime Minister Justin Trudeau has spoken with Emmanuel Macron to congratulate him on his election as the next president of France. The Prime Minister’s Officer says the two leaders reaffirmed the “rich and diverse bilateral relationship that exists between Canada and France.” French voters elected the centrist as the country’s ...

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