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Updated 12:11 PM

Canadian banks ranked soundest in world

The World Economic Forum has ranked Canada's banking system as the soundest in the world for the third year in a row, Finance Minister Jim Flaherty said Thursday

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Analyst calls BlackBerry 'Yesterday's Phone'

Wall Street is starting to turn sour on RIM, says Business Insider, with several analysts recently slapping SELL ratings on the stock

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Quebecor joins wireless fray with 3G launch

Quebecor telecom subsidiary Videotron jumped into the wireless fray in its home province of Quebec Thursday, offering 3G+ services at lower prices than incumbent mobile firms

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Purolator snags new CEO from FedEx

Mississauga, Ont.-based delivery company Purolator Holdings Ltd. has snagged a senior executive from U.S. shipping giant FedEx Corp. to serve as its new chief executive, the company said Thursday

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McDonald's August sales up from last year

McDonald's Corp reported higher global sales at restaurants open at least 13 months in August, helped by sales of smoothies, frappes and other cold drinks in the United States

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Canada’s GDP to be weak through 2010, OECD says

Although Canada led in economic growth in the first quarter of 2010, the nation’s economy has slipped far behind the robust growth seen in Europe and will continue to be moderate

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New home prices slip in July

New home prices in Canada slipped 0.1% in July, the first decline in 13 months, Statistics Canada said Thursday

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TSX climbs on good news from U.S.

Markets opened higher on positive economic news from the U.S., despite worse-than-expected housing and trade numbers north of the border.

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Transat shares soar as earnings beat Street

Transat A.T., the country’s largest travel tour operator, delivered a third-quarter result Thursday that blew past expectations on robust demand and price increases across the Atlantic

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Potash Corp. giveaway should be blocked

Diane Francis: Potash Corp. of Saskatchewan Inc. should never be taken over by a Chinese consortium because China would never allow Canadians to take over any of its important resource companies

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Canada posts record trade deficit

Canada’s trade deficit unexpectedly widened to a record in July as exports to the U.S. fell, government figures showed, adding to evidence the country’s economic recovery is being crimped by its southern neighbour

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Xceed Mortgage posts Q3 profit on securitization income

Canada's insured mortgages provider Xceed Mortgage Corp reported a third-quarter profit, helped by an improvement in market pricing for mortgages and higher securitization income

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UK watchdog fines Goldman Sachs $27M

Britain's financial watchdog slapped a US$27-million fine on Goldman Sachs on Thursday for inadequate disclosure of a U.S. probe into the Wall Street powerhouse

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Glide path

William Watson: With the United States now in full campaign mode for the mid-term elections, the politics are getting louder and louder and signifying less and less

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Yen edges close to 15-year high against dollar

The yen edged near to a 15-year high against the dollar on Thursday as investors bet on the Japanese authorities are not yet ready to curb the currency’s strength, while world stocks and crude prices rose

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Stock index futures up

Stock index futures rose for a sixth day in seven on Thursday ahead of weekly data that was expected to show a tick down in applications for unemployment insurance

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Global recovery slowing: OECD

Global recovery looks to be slowing more than expected as growth weakens in rich economies, and stimulus should be extended or stepped up if the slowdown endures

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