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Minimum wage is rising, but its purpose is still debated – Business

Ontario’s recent minimum wage increase is controversial, partly because it’s unclear what exactly a modern minimum wage is supposed to achieve. When the measure was introduced in Canada about a…

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U.S. oil price tops $65 for first time since 2014 – Business

The price of a barrel of North America’s crude oil benchmark topped $65 US for the first time since 2014 on Wednesday, pushed up by new data showing crude inventories…

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U.S. Senate approves Powell to follow Yellen as Federal Reserve chair – Business

The U.S. Senate on Tuesday approved President Donald Trump’s selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month. Senators voted 85-12 to confirm…

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CBC investigation into sales practices at major telcos prompts growing calls for public inquiry – Business

The call to hold a public inquiry into sales practices at Canada’s major telecommunications service providers is growing, on the heels of more allegations of wrongdoing inside the industry. Two…

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U.S. government shutdown no threat to credit rating: Moody’s – Business

The U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top notch Aaa rating as long as it makes its…

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With a deep tech talent pool, Toronto could hit Amazon’s ‘sweet spot’ with bid for new HQ – Toronto

Toronto faces stiff competition in its bid to court Amazon, but some Canadian tech experts agree that among the 20 cities short-listed as potential locations for the company’s second headquarters, Toronto might just…

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Want to understand the problems with minimum wage? Talk to people who earn it – CBC News

There are more than a million Canadians who work minimum wage jobs — they make up 8 per cent of the country’s salaried employees. The hourly rate they earn varies across the…

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Retrofitting suburbia: Old shopping malls can be saved by their parking lots

Aging shopping centres, built decades ago as beacons of fashion and free parking on the suburban fringe, are gradually becoming relics on a sea of inner-city asphalt. But rather than tinker…

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Amazon hikes monthly Prime membership price by 20% in U.S. but not in Canada – Business

Amazon is hiking the monthly fee it charges its U.S. customers for Prime membership, but the change won’t impact Canadians who all pay by the year. The  online retailer announced Friday…

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NEB sets out dispute resolution process for Trans Mountain pipeline

The National Energy Board says it has established a process to resolve future permitting issues between the builders of the Trans Mountain pipeline expansion project and provincial and municipal authorities….

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