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Seven Generations shares slide after it increases 2018 capital spending plan

Seven Generations shares slide after it increases 2018 capital spending plan

CALGARY — Negative market reaction to a slight rise in its 2018 spending plan by natural gas producer Seven Generations Energy Ltd.

Hydro One CEO says rate hike needed to keep the system stable

TORONTO — Hydro One has applied for a rate increase in order to keep the power system stable, its president and CEO said Thursday.

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,935.37, up 56.89 points) Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 82 cents, or 13.18 per cent, to $5.40 on 33.6 million shares.
Canadians pay most often in cash, but for small purchases, Bank of Canada says

Canadians pay most often in cash, but for small purchases, Bank of Canada says

VANCOUVER — In an increasingly digital world, most Canadians still carry physical money in their wallets and favour cash payments, especially for smaller sums, according to a new report by Canada's central bank.

Sea-Doo maker BRP Inc. setting up Texas headquarters to service U.S.

MONTREAL — The Quebec-based company that makes Sea-Doo personal watercraft is looking to accelerate U.S. sales by opening a headquarters in the Dallas area to service American dealers and customers. BRP Inc.
FIFA trial defence lawyers grill key government witness

FIFA trial defence lawyers grill key government witness

NEW YORK — A key government witness at the U.S.

Defunct payday lender Cash Store accused by ASC of disclosure violations

CALGARY — The Alberta Securities Commission is accusing defunct payday lender Cash Store Financial Services Inc. and two of its executives of failing to file proper financial statements.
FCC weakens limits on owning newspapers, TV stations

FCC weakens limits on owning newspapers, TV stations

NEW YORK — Federal regulators are loosening rules meant to support independent local media. Now, one company can own both newspapers and TV stations in one market, undoing a ban in place since 1975.
Tragically Hip-backed Newstrike confirms merger talks with CanniMed

Tragically Hip-backed Newstrike confirms merger talks with CanniMed

TORONTO — Newstrike Resources Ltd. has confirmed that it has entered an exclusivity agreement with CanniMed about potentially combining the two businesses.

Canada's top one per cent saw average income rise 12.2 per cent in 2015: StatCan

OTTAWA — Canada's wealthiest one per cent saw their share of total income rise for the first time in nearly a decade in 2015, thanks to growing dividends, says Statistics Canada. About 270,000 Canadians in this category accounted for 11.