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CMHC says annual pace of housing starts in May down 0.2 per cent from April

CMHC says annual pace of housing starts in May down 0.2 per cent from April

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April.
Aimia reaches settlement deal with the Canada Revenue Agency, expects $27M refund

Aimia reaches settlement deal with the Canada Revenue Agency, expects $27M refund

TORONTO — Aimia Inc. says it has reached a settlement with the Canada Revenue Agency and expects a refund of about $27 million in connection with a 2013 income tax audit of former subsidiary Aeroplan Inc.
Unifor says former Canadian Auto Workers president Buzz Hargrove has died

Unifor says former Canadian Auto Workers president Buzz Hargrove has died

TORONTO — Canada's largest private-sector union says former Canadian Auto Workers president Buzz Hargrove has died.
Dreaming of a lakeside cottage but can't afford it? Co-ownership could open that door

Dreaming of a lakeside cottage but can't afford it? Co-ownership could open that door

A lakeview cottage with cosy rooms, a sandy beach nearby and a dock to gaze into the sunset was the dream for Corrine Evanoff. "For years, I've been on this journey of trying to find a cottage that would work for us," she said.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: G7 G7 leaders will gather in Kananaskis, Alta., for their annual meeting, which starts Sunday.
Home owned by family of UBC and Vancouver Coastal Health embezzler up for sale

Home owned by family of UBC and Vancouver Coastal Health embezzler up for sale

NORTH VANCOUVER — A real estate listing for a $2 million property in North Vancouver says the home has been excellently maintained and is on an attractive street, but what the description doesn't say is it's a forced sale involving an embezzler and a
Oil prices leap 7% and US stocks slump more than 1% on worries about the crude market

Oil prices leap 7% and US stocks slump more than 1% on worries about the crude market

NEW YORK (AP) — Oil prices leaped, and stocks slumped Friday on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.
Canadian and U.S. stocks down after Israeli attacks on Iran, price of oil jumps

Canadian and U.S. stocks down after Israeli attacks on Iran, price of oil jumps

TORONTO — Canada's main stock index closed down along with U.S. markets Friday as investors turned cautious following Israeli attacks on Iranian nuclear and military targets.
Crude spike driven by Mideast tumult may be a 'knee jerk' that quickly fades: analyst

Crude spike driven by Mideast tumult may be a 'knee jerk' that quickly fades: analyst

CALGARY — It's too soon to know whether a spike in crude prices driven by the latest Mideast turmoil will be a short-term blip or a long-term shift, Canadian oilpatch experts said Friday after Israel attacked nuclear and military sites across Iran.
Defence spending boost can only go so far to lessen U.S. reliance: experts

Defence spending boost can only go so far to lessen U.S. reliance: experts

MONTREAL — In early 2002, Glenn Cowan touched down in Kandahar as part of the first wave of regular Canadian Army troops deployed to Afghanistan, serving in a U.S.-led brigade combat team.
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