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Canadian markets news

Minister of state for finance answers pension questions
The federal government is proposing to create a new voluntary target benefit pension plan to help all Canadians save for their retirement, Minister of State for Finance Kevin Sorenson said in Toronto today.
Ottawa proposes new target-benefit pension scheme, no changes to CPP  Hamilton Spectator
No retirement crisis in Canada  Troy Media
The Globe and Mail   Related articles »  
Edmonton gas price jumps, but worse in other cities
Analysts say there are a few aggravating factors that are making this year's bump especially painful. CANADIAN PRESS/Ryan Remiorz.
Gas prices hit three-year high in parts of Canada  CTV News
4 Reasons Why Gas Prices Are Rising  Motley Fool Canada
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Temporary Foreign Worker Program linked to joblessness, report finds
There's evidence that the government's Temporary Foreign Worker Program nudges the unemployment rate higher in some sectors of the economy and parts of the country, think-tank C.D.
Temporary foreign workers program has boosted joblessness: report  CTV News
Foreign workers drove unemployment higher in BC: SFU report  Vancouver Sun
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Embattled Sears Canada 'open' to more real estate sales
Sears Canada Inc. will continue to weigh selling more of its valuable real estate, including prime store leases, to help bolster its sagging operating results although it has no current plans to vacate more of its outlets.
Sears Canada CEO will devote more resources to improve online experience  CTV News
Sears Canada to invest $30-million in IT systems upgrades as rivals gain edge  Financial Post
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CIBC CEO Gerry McCaughey to retire in 2 years
Gerry McCaughey plans to retire as CEO of Canadian Imperial Bank of Commerce in April 2016. McCaughey's retirement plan was announced shortly before the beginning of CIBC's annual meeting, which is being held this year in Montreal.
UPDATE 1-CIBC says CEO McCaughey to retire in 2016, no successor named  Reuters
CIBC says CEO McCaughey to retire in 2016, no successor named  Reuters Canada
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After 132 years of selling stationery, Grand & Toy shuts down stores
A 132-year-old Toronto institution is closing its last retail stores. OfficeMax Grand & Toy announced Thursday all of its remaining 19 retail stores will shut down.
Grand & Toy office supply store to close its remaining 19 locations in ...  Canada.com
OfficeMax Grand & Toy to close retail stores as business customers shift ...  Canada NewsWire (press release)
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Proxy adviser Glass Lewis recommends backing Sherritt board nominees
Sherritt International Corp. (TSX:S) said Thursday that proxy advisory firm Glass, Lewis & Co. has recommended clients support the company's director nominees and resolutions in its fight with a dissident shareholder group.
Glass Lewis backs Sherritt in its battle with activist  bnn.ca
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Earnings news supports TSX, traders cautious amid worsening Ukraine crisis
A man walks past a building in Toronto that used to house the Toronto Stock Exchange on August 18 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim.
CANADA STOCKS-TSX ekes out gain as Potash, banks rise; gold miners slip  Reuters
Markets make minor gains amid positive earnings, Ukraine jitters  CTV News
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Saskatchewan small business optimism highest in country
Small business owner confidence in Saskatchewan continues to rise and is now the strongest in Canada after a 6.6 point increase last month.
Small business optimism in Manitoba lags: CFIB  Portage Daily Graphic
NS: CFIB Barometer reveals dip in small business confidence for Nova Scotia  Daily Business Buzz - Nova Scotia
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Power outages likely until 2017, #darknl interim report warns
A consulting group conducting a review of the province's power system following island-wide outages in January warns of similar outages through to 2017.
Consultant says 'unacceptably high risk of outages' in NL  Nor'Wester
Newfoundland faces 'unacceptably high risk' of power outages in future  Times Colonist
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