April 20, 2008

Credential to buyback $48M in ABCP

Credential Securities Inc. said this morning it has finalized a relief
package for retail clients holding about $48-million of frozen asset-backed
commercial paper.

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Google soars most since IPO after profit trumps estimates

The online search giant posted the biggest gain since its initial public offering after profit trounced analysts’ estimates, spurred by overseas growth and a bigger-than-predicted jump in the number of users clicking on text advertisements.

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AT&T to axe 4,600 jobs

The biggest U.S. telecom provider said on Friday it would cut its work force by 1.5%, or 4,600 jobs, primarily affecting management-level employees, resulting in a first-quarter pre-tax charge of US$374-million.

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Oil hits new record over US$117 a barrel

Light crude rose on Friday to a record over US$116 a barrel as jitters over oil supplies from Nigeria outweighed a rally in the dollar and fears of an economic slowdown in China.

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Robust banking stocks help lift TSX

The Toronto Stock Exchange’s main index finished the week strongly higher Friday, spurred by financial shares, which rallied on hope that the worst of the credit crisis has already been seen.

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Business of charity: This is no pool party

On the sidewalk outside the Toronto District School Board headquarters one evening this week, angry demonstrators waved placards protesting a controversial decision by trustees to drain 39 swimming pools at schools across the city. Inside the building tempers were at the boiling point as a succession of board officials stood up to explain to an overflow crowd of parents why lack of money required that pools be closed.

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Going green, every day

More and more small businesses make every day Earth Day by offering green alternatives to traditional products and services.
So, in honor of Earth Day, FP Small Business turns the spotlight on three successful eco-conscious small businesses:

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Q&A: Tax refund, worldwide income, disability pension

Since Canada taxes worldwide income, your wife would be required to report any profit from the sale of the apartment as a capital gain on her Canadian tax return.

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Eyeing BCE windfall

The largest corporate takeover in Canadian history could
prove a jackpot for charities, which are beginning to spread the
word–give them your Bell Canada shares and cut your capital gains
tax

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Malaysia plans new 'rice bowl' policy amid fears of food shortages - The Canadian Press

AFPMalaysia plans new 'rice bowl' policy amid fears of food shortagesThe Canadian Press,  Malaysia - 21 hours agoKUALA LUMPUR, Malaysia — Malaysia's prime minister has announced plans to increase food security by growing rice on a massive scale in a state on Borneo …Malaysia moves to boost food security, fight prices ReutersSarawak As Nation's Ninth Rice Bowl BernamaMalaysia launches $1.3 bn scheme to increase food production Economic TimesAFP - New Straits Timesall 93 news articles

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