July 5, 2008

Canadian auto dealers try free-gas gambit

Canadian auto retailers have begun following their U. S.
peers in using free gasoline as bait, a gimmick they hope will reel
in frustrated consumers and boost sales.

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TD error to cut profit by $96-million

Toronto-Dominion Bank, Canada’s second-largest bank, said that “incorrectly priced financial instruments” at its London investment bank will lower pretax earnings by about $96-million.

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BCE soars after clinching $35B buyout price

Shares of BCE Inc. shot up 13% on the Toronto Stock Exchange on Friday morning after the company announced its $35-billion takeover deal will go forward at the agreed on price of $42.75 per common share.

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Airport expansion: Flying in the face of industry downturn

These are turbulent times for air travel. But take a closer look — on the ground — and you’ll see signs of business as usual, and a lot more, as airports across Canada undergo major expansion and improvements.

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Best Buy COO leaving post in surprise move

Kevin Layden, who helped steer Burnaby, B. C.-based Future
Shop Ltd. through its purchase by Best Buy Co. Inc. seven years ago,
has quit as chief operating officer of Best Buy International after
just a few months in the role.

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Bay Street week ahead

The slump this week in mining and raw materials stocks, one of Canada’s top performing sectors, is likely to be just a hiccup unless the global economy takes a long and lasting turn for the worse.

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Canadian dollar ends session, and week, lower

The loonie limped to a lower close versus the U.S. dollar Friday and capped off its first losing week in three after a thin, quiet session in which moves were amplified because U.S. markets were closed for Independence Day.

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Toronto stock index slides on resources; BCE rises

The Toronto Stock Exchange’s main index retreated Friday as softer commodity prices pulled down energy and materials issues, while telecoms giant BCE provided an upward push.

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Cottage country: Where are the Americans?

From Canada’s west coast to the east, prime recreational property is sitting empty — or up for sale — as the weak U.S. dollar, record-high gasoline prices and jitters about a recession force Americans to rethink their holiday plans.

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There’s no reason why our world should go hungry - Gulf Times

There’s no reason why our world should go hungryGulf Times, Qatar - 17 minutes agoBut rice production across Asia has increased over the past two decades to meet demand; better farming techniques, higher yields and freer markets have all …

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