July 19, 2008

Bombardier stands behind Toronto streetcar bid

Bombardier Inc said on Friday it stands behind its bid to win a big contract to replace Toronto’s ageing streetcar fleet, saying it does not understand complaints from the city’s transit authority that its proposed new vehicles couldn’t take tight turns.

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No rate relief from Bank of Canada, provinces told

The Canadian provinces that are hurting the most from the U.S. slowdown — Ontario and Quebec — were told on Friday not to expect any rate relief from the Bank of Canada.

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Toronto stocks end higher on financials, oils

The main TSX index pushed higher on Friday, supported by energy shares, while financials were buoyed as another U.S. bank posted better than expected quarter results.

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Canadian dollar edges higher on trade data

The loonie rose slightly against the U.S. dollar Friday, climbing initially on strong wholesale trade data, but then retracing much of its gains as oil prices retreated.

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CMHC not likely to see Fannie, Freddie fate

The pressure Washington is under to save U.S. mortgage finance providers Fannie Mae and Freddie Mac from collapse rekindles thoughts for those with long memories in Ottawa of less-than-prosperous times for Crown-owned Canada Mortgage and Housing Corp.

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The energy superbugs

They don’t need oxygen, they don’t need sunlight. They can survive acid baths and doses of radiation 5,000 times more intense than the amount needed to kill a human

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Bay, Zellers beyond fixing

Sean Silcoff: Would-be saviours should treat HBC as a real estate play

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Flush on Asia: Canadians place their bets on gambling in the Far East

About two years ago, Canadian businessman Michael Aymong was visiting Vietnam when he realized the country had the potential to become a gambling Mecca

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Rice to meet NKorean counterpart on margin of ASEAN forum - AFP

AFPRice to meet NKorean counterpart on margin of ASEAN forumAFP - 20 hours agoThe 27-member ASEAN Regional Forum (ARF), which includes nations from Asia as well as the European Union and the United States, meets in Singapore on July …

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Nargis devastates Rice Bowl of Asia - Newstrack India

Newstrack IndiaNargis devastates Rice Bowl of AsiaNewstrack India, India - Jul 18, 2008Burma, which was once known as the rice bowl of Asia, has slowly lost the volume of rice production. Four decades of non-governance under the military rule …

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