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Statistics Canada says pace of Canadian economic growth slowed in third quarter 

By Craig Wong THE CANADIAN PRESS OTTAWA- The pace of economic growth in Canada slowed in the third quarter as business investment spending moved lower and the growth in household spending slowed, Statistics Canada said Friday The Canadian economy grew at an annualized pace of 2.0 per cent in the ...

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Pink diamond sells for more than $50M, setting world record 

GENEVA- Christie’s sold the “Pink Legacy” diamond at auction Tuesday for more than $50 million including fees, saying it’s a new world record price per carat for a pink diamond. Christie’s said that renowned jeweler Harry Winston was the buyer. The auction house had expected to fetch $30 million to ...

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Stocks skid as oil plunge continues; tech sector also falls 

By Marley Jay THE ASSOCIATED PRESS NEW YORK- U.S. stocks are falling Friday as technology and internet companies take steep losses. Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is ...

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Company extracting metals from asbestos waste gets $12M from Ottawa 

By Mia Rabson THE CANADIAN PRESS Ottawa gave $12 million on Friday to help a company extract magnesium from the waste of closed asbestos mines, despite warnings from Quebec’s public health officers that the province’s workplace protections are still lacking. The federal funding for Alliance Magnesium came a day after ...

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Feds Must Reject U.S. Quotas on Canadian Steel and Aluminum

TORONTO, Oct. 19, 2018 – The United Steelworkers is calling on the federal government to take a decisive stand against U.S. quotas on Canadian steel and aluminum products. “Canada’s government must emphatically stand up for the Canadian steel and aluminum industries and thousands of families whose livelihoods are at stake,” ...

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Market forces put America’s recycling industry in the dumps 

By Mary Esch THE ASSOCIATED PRESS ALBANY, N.Y.- America’s recycling industry is in the dumps. A crash in the global market for recyclables is forcing communities to make hard choices about whether they can afford to keep recycling or should simply send all those bottles, cans and plastic containers to ...

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Natural gas bills will go down about $29 a year, Enbridge says

TORONTO- Enbridge Gas Distribution Ltd. says its typical Ontario residential customer’s natural gas bill will go down about $29 a year. The gas distribution company says its received approval from the Ontario Energy Board for new rates starting next month. The Ontario government’s cancellation of the cap and trade program will ...

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Cameco says the tax court has ruled in its favour in its dispute with CRA

SASKATOON- Shares in Cameco Corp. shot higher in early trading after the company said the tax court has ruled in its favour in a dispute of reassessments issued by the Canada Revenue Agency. Cameco shares were up $2.60 or about 20 per cent at $15.39 in early trading on the ...

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