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Canadian markets news

Toronto-based e-reader Kobo lays off 63 people
Toronto-based e-reader company Kobo laid off 63 people on Thursday, only a few weeks after appointing a new president, amid what it called ´┐Żorganizational changes.
Kobo Cuts Over 60 Positions  Publishers Lunch Deluxe (subscription)
Breaking: Kobo Makes Organizational Changes in Toronto  Good E-Reader (blog)
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Gas price drop likely temporary
Just when gas prices were flirting with record highs, prices through the region dropped roughly nine cents this afternoon. But don't expect them to stay that low.
Gas pains will get worse before levelling off  Ottawa Sun
Gas prices continue soaring in Canada, breaking records in New Brunswick  The Globe and Mail
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Encana sells stake in Alberta LNG fuel plant
CEO Doug Suttles has set Encana Corp. on track to focus on its core areas and key strengths. Photograph by: Jeff McIntosh , THE CANADIAN PRESS.
Ferus Assumes Encana's Stake in LNG Joint Venture  NGT News
Ferus NGF Buys Out Encana, Takes Over Alberta LNG Facility  Natural Gas Intelligence
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Fears looming hydro hike will hurt industry
Yet many in the community continue to blame Ontario's higher energy costs for the company's decision that ultimately led to the Timmins smelter closing in 2010.
Province proposes changes for small biz hydro  Ottawa Sun
Ontario Liberals offer hydro perks to business  Toronto Star
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Amazon's revenue increases even as spending rises
SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.
Amazon's Revenue Grew 23 Percent in First Quarter, Nearing $20 Billion  New York Times
Amazon Earnings: What to Watch  Wall Street Journal (blog)
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Toronto street signs up for auction
TORONTO -. Toronto residents will have the chance to bid on a piece of the city next week. The City of Toronto announced Thursday that decommissioned street signs will be up for auction starting Monday.
Old Toronto street signs to go up for auction  MetroNews Canada
Home News City of Toronto to sell decommissioned street...  insideTORONTO.com
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Sears Canada CEO wants to get real: 'Our guy isn't going to wear pink denim or ...
By David Friend. TORONTO - Sears Canada isn't interested in stocking high-priced runway styles and lavish decor because it's not what middle-class shoppers want to buy, chief executive Douglas Campbell says.
Sears Canada CEO works to rebalance top-heavy executive structure  Financial Post
Sears Canada plans upgrades to online shopping system  TheChronicleHerald.ca
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How CIBC chief executive Gerry McCaughey made boring lucrative
Gerry McCaughey took over Canadian Imperial Bank of Commerce at a time when it was reeling from scandal and losses, and he did what was necessary.
CIBC Seeks Next Leader as CEO McCaughey to Retire in 2016 (1)  Businessweek
CIBC's future has to include more risk  The Globe and Mail
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Ontario should look at private sector to reduce costs: report
TORONTO ─ Ontario's "staggering" debt load should prompt politicians to consider using the private sector to deliver public services at lower cost, the province's former finance minister says.
Liberals should involve private sector in delivering services: Duncan  580 CFRA Radio
Ontario must partner with private sector to preserve services: Dwight Duncan  Toronto Star
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Canadians can bank on low interest rate for years to come: Poloz
Canadians can expect to enjoy relatively cheap borrowing costs for some time to come - perhaps years - even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, bank governor Stephen Poloz said Thursday.
Bank of Canada Governor expects inflation and interest rates to stay low  The Globe and Mail
UPDATE 2-Bank of Canada sees evidence exports poised to heat up  Reuters
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