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Metro Vancouver home sales and prices down to more ‘historical’ levels: board

VANCOUVER -Both sales and prices for Metro Vancouver homes have dropped in what the head of the Real Estate Board of Greater Vancouver says is a return to historical demand levels. Board president Phil Moore says home buyers have been taking a wait-and-see approach for most of 2018 and the ...

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North American markets plummet on sign of potential recession ahead

TORONTO- North American markets plummeted Tuesday as a bond market move signalled a potential recession ahead, prompting declines in the key industrials, energy and financial sectors. The yield on two- and three-year Treasury notes surpassed five-year notes in a partial yield curve inversion that often portends a recession in the ...

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Alberta government imposes oil production cuts for province 

By Rob Gillies THE ASSOCIATED PRESS TORONTO- Alberta’s premier announced Sunday night that she is imposing an industrywide 8.7 per cent cut in oil production for the Canadian province to deal with a storage glut that has hurt prices for Alberta oil. Premier Rachel Notley said output will be lowered ...

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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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