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Financial Post index page top stories

Last Build Date: Mon, 26 Nov 2012 15:52:20 Z

Copyright: Copyright (c) Business Wire

Mark Carney named next head of the Bank of England

Mon, 26 Nov 2012 15:51:10 Z

Bank of Canada Governor Mark Carney was unexpectedly appointed as the next head of the Bank of England, succeeding Mervyn King

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Ottawa bumps up tax free savings account limit by $500 a year

Mon, 26 Nov 2012 15:31:46 Z

Ottawa announced Monday that Canadians can contribute a total of $5,500 a year to their Tax Free Savings Accounts starting in 2013

As tougher mortgage rules bite, critics call for a review

Mon, 26 Nov 2012 13:04:13 Z

The real estate industry has ramped up its attack on rules making it harder to borrow, but its challengers face a big obstacle — mortgage restrictions are working exactly the way the government wants them to

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Canada's economic bragging rights face test this week

Mon, 26 Nov 2012 13:04:37 Z

The big picture will come Tuesday, when the OECD provides its latest reading on the global economy — and where Canada stands in the mix

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How to get the best deals on Cyber Monday

Mon, 26 Nov 2012 15:01:20 Z

Here are strategies that should help you navigate Cyber Monday and enjoy the best possible prices this year

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How Il Fornello changed its game plan to turn business around

Mon, 26 Nov 2012 13:50:11 Z

When increased competition, the recession and franchising headaches put Il Fornello in a precarious position. owner Ian Sorbie knew he had to go big or go home

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When withdrawing money from your RRSP makes sense

Fri, 23 Nov 2012 16:59:35 Z

The fact is that some years you should not be contributing to your RRSP, and in some cases you should take money out. Here are some questions to ask yourself

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Eurozone chiefs claim progress on Greek debt deal

Mon, 26 Nov 2012 14:27:29 Z

Finance chiefs will brief the European Central Bank and IMF on 'further concessions' that would plug Greece’s deficit gap without forcing a write-off of official loans

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Former SNC-Lavalin executive reportedly indicted by Swiss authorities

Sun, 25 Nov 2012 18:56:13 Z

Swiss prosecutors have reportedly indicted a former top executive of Canadian engineering and construction giant SNC-Lavalin, alleging he helped launder millions of dollars used to win contracts in North Africa

Onex to acquire U.S. insurance business USI for $2.3-billion

Mon, 26 Nov 2012 12:54:16 Z

USI, which deals in property and casualty insurance, employee benefits and retirement consulting, has more than 3,300 employees in about 100 offices across the United States

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Canadian retailers embracing Black Friday to keep shopping dollars on home turf

Fri, 23 Nov 2012 23:16:23 Z

Analysis: It was once a strictly U.S. phenomenon. But the biggest Black Friday to date in Canada swept across the country as retailers offered door-crasher deals in a bid to counter higher duty-free ceilings and a strong dollar

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Black Friday online sales top $1 billion for first time

Mon, 26 Nov 2012 12:27:44 Z

Black Friday retail sales online this year topped US$1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc says

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Brent poised to oust WTI as most-traded in oil

Mon, 26 Nov 2012 13:39:29 Z

For the first year since the futures were created, Brent crude is poised to overtake West Texas Intermediate oil as the world’s most-traded commodity

Mortgage funds 101

Fri, 23 Nov 2012 19:01:45 Z

Alternative Investor: There is a lot more to consider than just projected returns when deciding which mortgage investment corporation to invest in

Rooftop farms seek to feed Canadian cities’ growing demand for local food

Fri, 23 Nov 2012 19:56:39 Z

Responding to the growing demand for local food, these farms have the lofty goal of revolutionizing the way cities feed themselves, while also trying to make a profit

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Try your luck with this Japanese stock

Fri, 23 Nov 2012 19:56:21 Z

Independent Investor: It’s next to impossible to find even a modestly profitable, growing company with a reasonably sound balance sheet in Japan. But we did it

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Why December may soon not be the best time to donate to charity

Fri, 23 Nov 2012 16:53:58 Z

To get some money back when you file your 2012 tax return, you need to ensure your donation is made prior to midnight on Dec. 31. But you soon may have a bit more time to make that donation

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Fears that the ‘mother of all bond bubbles’ is coming could be overblown

Sat, 24 Nov 2012 02:09:42 Z

The idea is gaining steam, but analysts have generally been wrong in the last two years when forecasting what the bond market will do

Ottawa’s foreign investment concerns finally coming into focus

Sat, 24 Nov 2012 01:09:56 Z

After months of debate, some leaked information and measured words from the Prime Minister and key cabinet ministers, a picture is emerging of the federal government’s key areas of concern and how they may be addressed

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Buyers at Toronto’s Trump Tower say they were suckered into deals by an ‘investment scheme and conspiracy’

Sat, 24 Nov 2012 01:59:07 Z

Facing a multimillion-dollar lawsuit from buyers, the developers are standing their ground, citing the Trump International hotel's long-term potential

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Canadian taxpayers could be on hook for Quebec fracking decision

Sat, 24 Nov 2012 01:54:20 Z

A U.S.-based oil and gas producer has launched a formal fight under NAFTA rules against Quebec’s move to cancel exploration permits for deposits under the St. Lawrence River

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Alberta premier wins more support from counterparts for shipping oil to Eastern Canada

Sat, 24 Nov 2012 01:10:30 Z

Alison Redford is drawing support from a growing number of premiers who say it could help stimulate the economy while serving as the foundation for a national energy strategy

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Thomson family retains top position on richest Canadians list despite 5.7% drop in worth

Fri, 23 Nov 2012 20:09:39 Z

The influential Thomson family is still atop the list of richest Canadians, though their wealth dropped from a year ago. Here's the complete list

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'It's over': EU budget talks collapse as countries reject Britain's call for deeper spending cuts

Fri, 23 Nov 2012 23:42:15 Z

EU leaders failed to reach agreement Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days

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Quebec vows to make hostile takeover bids for firms like Rona more difficult

Sat, 24 Nov 2012 00:44:48 Z

The new PQ government wants to change the law to make it more difficult for Quebec companies such as Rona to be sold in a hostile takeover bid from foreigners

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CP Rail moving headquarters from glass tower in Calgary to nearby rail yard: union source

Fri, 23 Nov 2012 20:44:26 Z

CEO Hunter Harrison told U.S. union leaders and a Canadian union president that the railroad will move employees out of its Calgary HQ as part of an ambitious cost-cutting plan

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Diane Francis: China's checkered track record in Canada a cause for concern

Fri, 23 Nov 2012 21:05:31 Z

Diane Francis: The China-Canada trade deal would open the floodgates to tens of thousands of sovereign enterprises then exempt them from Investment Canada scrutiny if they want to buy more

Canada urged to 'get act together' as national debt to hit $600-billion Saturday

Fri, 23 Nov 2012 18:31:53 Z

It should never have reached that level, said Canadian Taxpayers Federation director Gregory Thomas, who blamed the Harper government’s economic stimulus for the historic level

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TSX closes higher on optimism over U.S. holiday retail season

Fri, 23 Nov 2012 21:56:08 Z

The Toronto stock market closed higher Friday amid hopes for a strong U.S. holiday retail season and positive economic news from Europe’s biggest economy

Here's how Black Friday is about to suck $5-billion out of our economy

Fri, 23 Nov 2012 19:13:36 Z

Canadian retailers will lose 25% more sales to the United States this holiday season as Canadian shoppers rush across the border to take advantage of higher duty-free limits, lower U.S. prices and the loonie near par

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RIM stock closes up 14% in New York, but in Toronto, the party's already over

Fri, 23 Nov 2012 19:21:37 Z

On the Nasdaq market, which reopened after being closed Thursday for the U.S. Thanksgiving holiday, RIM shares closed up almost 14% at US$11.66 during a shortened trading session

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Enbridge and oil companies at odds over ‘air barrel’ relief as pipeline network squeezed

Sat, 24 Nov 2012 01:11:09 Z

Enbridge and oil companies at odds over ‘air barrel’ relief as pipeline network squeezed

Is Apple set to launch a cheap iPhone in 2014?

Fri, 23 Nov 2012 17:28:19 Z

Apple analyst Gene Munster put out a note with a few interesting predictions in it this week — including a US$200, unsubsidized iPhone, coming in 2014

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Greece inches closer to clinching aid payment

Fri, 23 Nov 2012 18:03:37 Z

The IMF has relaxed its debt-cutting target for Greece and only a 10-billion euro) gap remains to be filled for a vital aid installment to be paid, Greece's finance minister said on Friday

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Eastern Canadians paying more for gas than Westerners: StatsCan

Fri, 23 Nov 2012 17:23:12 Z

A study by Statistics Canada says gasoline prices in Central and Eastern Canada are rising more quickly than those in the West

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Enbridge says pipeline leak won't affect operations

Fri, 23 Nov 2012 17:33:18 Z

Enbridge Inc said on Friday that one of its pipelines in the U.S. Midwest was shut briefly this week after oil leaked, but the line was restarted the same day

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Pfizer, AstraZeneca team up with Quebec on 'new approach' to drug research

Fri, 23 Nov 2012 16:33:14 Z

Their joint venture, the Neomed Institute in Montreal, will host researchers, university officials and employees from the drug makers as well venture capitalists

David Rosenberg's 10-point plan to fix America's fiscal mess

Thu, 22 Nov 2012 20:51:59 Z

Markets have enjoyed the recent optimism surrounding the fiscal cliff, but the deadline is inching closer and Republicans and Democrats still have different demands. What to do?

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Startup Roundup: 500px 'acqui-hire', fundraising and partnering

Fri, 23 Nov 2012 16:29:49 Z

In FP Tech Desk’s Startup Roundup series, we take a look at Canadian startup news from the past week

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Canada's tame inflation cuts chances of rate hike soon

Fri, 23 Nov 2012 15:00:26 Z

Tame inflation, combined with weak economic growth in this country and continuing global uncertainty, will likely keep interest rates at rock-bottom levels for some time to come

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