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China investigates more top PetroChina officials over corruption 27 Aug 2013 | 05:17 pm
BEIJING/HONG KONG — A high-level government probe into corruption at China’s leading oil and gas firm widened on Tuesday, with three additional senior officials at the state-run giant being investigat...
Scotiabank hikes dividend as profit just tops estimates 27 Aug 2013 | 05:04 pm
TORONTO — Scotiabank has increased its quarterly dividend by two cents to 62 cents per share even as the bank reported a decline in third-quarter net income and a slight rise in revenue. Canada’s mos...
Saudis offer Russia secret oil deal if it drops support for Syrian regime 27 Aug 2013 | 05:04 pm
LONDON — Saudi Arabia has secretly offered Russia a sweeping deal to control the global oil market and safeguard Russia’s gas contracts, if the Kremlin backs away from the Assad regime in Syria. The ...
Canadians’ homes are getting less affordable, but we still keep buying 27 Aug 2013 | 04:27 pm
OTTAWA — Home ownership has become less affordable for the average Canadian, but that hasn’t stopped many from jumping into what may already be an overpriced market, suggests a new report from the Roy...
BMO beats the Street with 17% profit gain 27 Aug 2013 | 04:04 pm
TORONTO — The Bank of Montreal says it earned $1.13 billion in adjusted net income in the third quarter, or $1.68 per share. The bank’s net income was up 17% from $970 million in the same quarter a y...
U.S. will hit debt limit in mid-October, treasury secretary warns 27 Aug 2013 | 04:00 am
WASHINGTON — Treasury Secretary Jacob Lew is telling Congress that the U.S. government will hit its borrowing limit in mid-October and urged lawmakers to raise it before then. Lew said in a letter to...
Northwest Territories to push Ottawa to cover up to 75% of infrastructure plan 27 Aug 2013 | 02:43 am
CALGARY – Canada’s Northwest Territories plans to ask Ottawa to cover up to 75% of a multimillion-dollar infrastructure plan over the next 10 years. With an estimated seven billion barrels of potenti...
J.C. Penney’s largest investor Bill Ackman selling entire 18% stake 27 Aug 2013 | 02:35 am
NEW YORK — J.C. Penney’s largest investor and former board member, William Ackman of Pershing Square Capital Management, is selling his nearly 18% stake in the company. The move to sell 39.1 million ...
Uralkali CEO’s ‘bizarre’ arrest in Belarus will heighten potash tensions, analysts say 27 Aug 2013 | 01:38 am
TORONTO • The potash industry has become engulfed in political intrigue, as a Russian executive at the centre of a cartel-busting plan has been detained by the autocratic government he used to do busi...
Canadian REITs celebrate 20th anniversary 27 Aug 2013 | 01:33 am
This past June marked the 20th anniversary of the Canadian real estate investment trust (REIT). REITs were a product of the turmoil that engulfed the real estate mutual fund industry in the early ’90...
