• Toronto market posts triple-digit gain as oil and USA markets rise
Toronto market posts triple-digit gain as oil and USA markets rise

A previous version had an incorrect closing figure for the S&P/TSX composite index. "It's still a follow through from yesterday's price action for the broader markets, not just the TSX.", said Sid Mokhtari, director, institutional equity research, CIBC World Markets.

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  • Foreign Buying Plummets in Vancouver After New Property Tax
Foreign Buying Plummets in Vancouver After New Property Tax

New real estate numbers released by the B.C. government this morning are suggesting the newly imposed foreign buyer tax may be helping to cool down the real estate market in Metro Vancouver. From June to the end of August, purchases by foreign buyers totalled 9.3 per cent in Vancouver, down from 13.2 per cent between June and the beginning of Aug...

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  • New plastic fivers selling for more than £200
New plastic fivers selling for more than £200

The new plastic £5 notes, which entered circulation last week, are selling for more than 160 times their face value on eBay . You could be quids in if you have one with a serial number starting AA01, followed by a six-digit number. However, you can make some money on your new bank note, as some people are forking out as much as £200 to get their...

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  • AP Moller-Maersk splits its shipping, energy operations
AP Moller-Maersk splits its shipping, energy operations

Oil and oil related businesses, "either individually or in combination", will be separated from the group, it said. Søren Skou, who has been acting Group CEO as well as CEO of the container carrier Maersk Line since the plan for a strategy review was put into action, will continue as CEO of the group and he will also be Chief Executive of the t...

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  • China approves Marriott's deal to buy Starwood
China approves Marriott's deal to buy Starwood

Starwood shareholders will receive $21.00 in cash and 0.80 shares of Marriott International, Inc. If a company were now trading at a multiple of 30, the reading is that an investor is ready to pay $30 for $1 of present earnings. EPS growth quarter over quarter is 72.70%, and 1.40% for sales growth quarter over quarter. The corporation has a market ...

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  • Recall Alert: What To Do If You Own a Samsung Galaxy Note7
Recall Alert: What To Do If You Own a Samsung Galaxy Note7

Meanwhile, Samsung Thailand has confirmed that its stock of the Galaxy Note 7 have been returned to South Korea and that all future models that will go on sale in Thailand will be from a new batch and not the from previously recalled devices.

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  • Libya's NOC lifts force majeure at eastern ports, exports to resume
Libya's NOC lifts force majeure at eastern ports, exports to resume

On Thursday, media reports said a tanker had docked to load crude at Ras Lanuf and another at Brega. Libya's state oil company says it hopes to resume exports from three terminals seized this week by forces loyal to a powerful general based in the east.

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  • Former Israeli PM Says 'Reckless' Netanyahu Harmed US Aid
Former Israeli PM Says 'Reckless' Netanyahu Harmed US Aid

Obama said . The total includes $33 billion in foreign military financing funds - which is money used to buy materiel and ammunition - as well as $5 billion in missile defense funding. "I think [the Israelis] understand that if they ever want more money, they're going to get it". To solve the crisis, Netanyahu offered the White House a pledge,...

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  • Workers' health insurance premiums rising slowly, but deductibles are spiking
Workers' health insurance premiums rising slowly, but deductibles are spiking

Employers have held cost growth to about 4 percent or less each year since 2011. The average cost of health coverage offered by employers pushed above $18,000 for a family plan this year, though the growth was slowed by the accelerating shift into high-deductible plans, according to a major survey.

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  • Democrats seek US House investigation of Wells Fargo case
Democrats seek US House investigation of Wells Fargo case

Instead, Wells Fargo said "oops" and fired over 5,000 employees while the CFPB ordered the bank to pay a whopping $100 million in fines. Wells Fargo (WFC) said it will eliminate all sales product goals for retail banking employees as of January 1, in an effort to regain customer and investor confidence after a widespread sales scandal.

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  • Democrats Make History As Household Income Increase Crushes GOP Change Argument
Democrats Make History As Household Income Increase Crushes GOP Change Argument

Fresh yearly data from the U.S. Census Bureau showed median, inflation-adjusted household income rose 5.2% to $56,516 in 2015, the highest level since $57,423 in 2007, when the recession began. Poverty: The poverty rate is the lowest it's been since 2008, when it was 13.2%. Last week, the Agriculture Department released its annual data on hung...

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  • Starbucks New Tea Line Chases China's $9.5 Billion Tea Market
Starbucks New Tea Line Chases China's $9.5 Billion Tea Market

The drinks that the coffee chain will launch in Asia will be more exotic than its North America teas, including black tea with ruby grapefruit and honey, as well as green tea with aloe and prickly pear. While tea is the most consumed beverage after water in Asia, skepticism has grown over Starbucks' capacity to penetrate a region where tea-drinki...

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  • Asian stocks mixed after European Central Bank stays pat
Asian stocks mixed after European Central Bank stays pat

TOKYO (AP) - Asian markets were mixed Friday as Tokyo's benchmark recouped earlier losses on disappointment about the European Central Bank's decision to keep monetary policy unchanged. NORTH KOREA ANGST: Also weighing on sentiment was the news that North Korea had conducted a "higher level" nuclear test explosion on Friday that will allow it to fi...

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  • UK July construction output steady, beats expectation for a post-Brexit fall
UK July construction output steady, beats expectation for a post-Brexit fall

While that may increase pressure on Prime Minister Theresa May to preserve trade with the European Union as she negotiates Britain's withdrawal, Brexit supporters point to the fact that the bloc sells far more to the United Kingdom than vice versa.

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  • Australia marks 25 years of unbroken economic growth
Australia marks 25 years of unbroken economic growth

This could prove crucial if household and corporate earnings are to rise, and with them, government revenues which will help the task of budget fix. The primary income deficit rose $1,351 million (23 per cent). Mr Morrison conceded the weakness in household consumption, which he said was well below "what we have seen for the last few quarters". "...

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  • HP Enterprise spins off software businesses in $8.8B deal
HP Enterprise spins off software businesses in $8.8B deal

The share price is now 2.02 percent versus its SMA20, 12.32 percent versus its SMA50, and 56.67 percent versus its SMA200. The stock has been given a mean "OVERWEIGHT" rating after the consensus analysis of "21" Analysts. On 9/6/2016, shares of Hewlett Packard Enterprise Co (NYSE: HPE ) fell -1.58% in trading session and finally closed at $21.86. T...

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  • US hiring slows to 151K jobs in August; Fed hike less likely
US hiring slows to 151K jobs in August; Fed hike less likely

However, last Friday's weaker-than-expected employment report increases the odds of a rate hike later this year, if not in 2017. The jobs report is being interpreted as a reason for the Fed not to raise interest rates later this month. "The reference week for the payroll survey ended August 13. But it's solid enough to engender a heated policy ...

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  • Stocks gain as tepid jobs report stokes hopes for low rates
Stocks gain as tepid jobs report stokes hopes for low rates

JOBS: The government said US employers added 151,000 jobs in August, a bit less than economists expected. The unemployment rate was unchanged at 4.9 percent as more people flocked to the labor market. For Goldman Sachs and Societe General, that represented an acceleration in their view of the Fed's next tightening move, even as the US employment ...

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  • UK Manufacturing PMI Rises to 53.3 for August
UK Manufacturing PMI Rises to 53.3 for August

That pushed factories to increase production and the output sub-index climbed to a 12-month peak in August. The survey's input prices index, which gauges changes in the average price of goods purchased by manufacturers, rocketed five points in August to 67.1 - its highest since May 2011 and fuelled by the pound's plunge since June's Brexit vote.

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  • India's opposition parties express concern over India-US military logistics pact
India's opposition parties express concern over India-US military logistics pact

India and the United States signed the long-pending logistics exchange agreement on Tuesday, during Defence Minister Manohar Parikkar's visit to Washington . It doesn't by itself - those agreements - those are the things that the two governments would have to agree on a case by case basis. The two sides also discussed India's "Major Defence Part...

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  • Envoy lists snags to Canada-China free trade
Envoy lists snags to Canada-China free trade

The prime minister has said there's no evidence to support the allegations. Both China and Canada agree that a wide range of economic and trade cooperation would lay a foundation for bilateral ties and facilitate further communications on other aspects, including political and global issues, Li said.

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  • US consumer confidence in August highest in 11 months
US consumer confidence in August highest in 11 months

The Present Situation Index rose from 118.8 to 123.0, while the Expectations Index improved from 82.0 last month to 86.4. Those who said business conditions are good increased from 27.3 percent to 30 percent and those who said conditions are bad remained virtually unchanged at 18.4 percent.

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  • Kyle Larson notches 1st Cup win
Kyle Larson notches 1st Cup win

Select your television provider once there to access the content, and then select today's NASCAR Sprint Cup Pure Michigan 400 race to watch it online. "We both spun our tires really bad, and the No. 2 (Keselowski) pushed me really good", Larson said. I couldn't quite catch my breath there after I got out of the vehicle because I spent two min...

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  • FAA forecast: 600000 commercial drones within the year
FAA forecast: 600000 commercial drones within the year

On the first day the rules were in effect the FAA had already granted 76 exemptions, majority to companies that want to fly drones at night, Huerta said. "Today is a very important milestone in the evolution of our efforts to safely integrate unmanned aircraft into our national airspace system", Huerta said.

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  • Fitbit unveils long-awaited successors to Charge and Flex fitness trackers
Fitbit unveils long-awaited successors to Charge and Flex fitness trackers

The new software features to Fitbit Blaze include extended smartphone notifications, "Reminders to move" and new clock faces. This along with other features could set the product apart from other competing fitness trackers. Meanwhile, the Flex 2 will be the first Fitbit with sufficient water resistance for use during swimming; Fitbit rivals...

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