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7.1 MILLION AMERICANS REGISTER FOR OBAMACARE BY MIDNIGHT DEADLINE

The U.S. President says his embattled signature healthcare program is “here to stay” after more than 7 million Americans signed up by last night’s midnight deadline.  Barack Obama told reporters the law, nicknamed Obamacare, represented progress and benefitted the economy.  … read more

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BACK TO WORK FOR FEDERAL MP’S

The House of Commons resumes sitting after the winter break and the Prime Minister and his government will be returned to reality very quickly. After a trip to the middle east where Stephen Harper was honoured, celebrated, and treated with … read more

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SCARBOROUGH SUBWAY GETS FINAL APPROVAL FROM TORONTO CITY COUNCIL

It’s a major victory for Mayor Rob Ford.  In a close 24-20 vote, Toronto city councillors have confirmed approval of a Scarborough subway extension that could cost Toronto taxpayers $1-billion over the next 30 years.  “It’s an investment, it creates … read more

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CANADIAN ECONOMY CHURNS OUT SURPRISING NUMBER OF JOBS

Canada has generated more jobs than any time in the past decade. Statistics Canada says the economy added a whopping 95,000 jobs last month. It’s the first major increase for 2013, and many times greater than economists had expected. The … read more

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CANADA ECONOMY POISED TO SLOW – IMF

  The International Monetary Fund is predicting Canada’s economy will slow this year  and says policy-makers need to support growth in the short term. The IMF  thinks economic growth in 2013 will slow to about 1.5 per cent  before picking … read more

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CANADIAN ECONOMY SHEDS JOBS IN THE FIRST QUARTER OF 2013

Statistics Canada says 54,500 jobs disappeared from the economy in March. That sent the unemployment rate up two-tenths of a point to 7.2 per cent. The surprisingly weak employment report took back all of the gains of February and then … read more

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FLAHERTY SAYS WEAKER ECONOMIC GROWTH WILL AFFECT GOVERNMENT

A warning from the federal finance minister. Jim Flaherty met with economists Friday and told them the government will take a “significant” hit from weaker economic growth prospects. He says he intends to close tax loopholes and focus on controlling spending. … read more

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CANADA’S ECONOMIC GROWTH REVISED DOWN

  The prospect for growth in the economy here in Canada is softer than expected. Bank of Canada governor Mark Carney says economic growth in the fourth-quarter may be a little softer than expected by the central bank. Carney’s comments … read more

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RETIREMENT AT 65 NO LONGER LIKELY FOR MOST

  A new poll suggests most Canadians view a retirement age of 66 as more of a fantasy than reality. In Sun Life Financial’s annual Unretirement Index poll, only 27 per cent of respondents believe they’ll go into retirement by … read more

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HIKE IN INTEREST RATES NOT LIKELY

  Analysts say the economy’s performance in the third quarter takes any chance of interest rate hikes off the table, likely until 2014. The economy grew by just 0.6 per cent on an annual basis in the quarter, which is … read more

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