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Canadian markets news

Time to end Canada's temporary foreign worker program
The time has come for the federal government to admit that the temporary foreign worker (TFW) program is clearly not working, and put an end to it.
Foreign workers drove unemployment higher in BC: CD Howe report  The Province
Jason Kenney suspends food services sector from foreign worker program: Tim ...  Toronto Star
The Globe and Mail   Related articles »  
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 �organizational 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 hit three-year high in parts of Canada  CTV News
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Equestrian park, camping area set to reopen in May
OTTAWA - The former Nepean National Equestrian Park and the adjacent camping area will reopen next month, the next big step in a non-profit foundation's $20-million initiative to redevelop the Greenbelt properties.
Parts of new Ottawa equestrian complex to open next month
$20M equestrian plan could give royal swans winter digs  Ottawa Sun
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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...
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CIBC Seeks Next Leader as CEO McCaughey to Retire in 2016 (1)
Gerald McCaughey, who reduced risk as head of Canadian Imperial Bank of Commerce after costly missteps in the 2000s, plans to retire in two years.
How CIBC chief executive Gerry McCaughey made boring lucrative  Financial Post
CIBC's future has to include more risk  The Globe and Mail
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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
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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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Bank of Canada Governor expects inflation and interest rates to stay low
Bank of Canada Governor Stephen Poloz's prediction of an unusually plodding recovery is rooted in what he calls a �hot-and-not� economy.
UPDATE 2-Bank of Canada sees evidence exports poised to heat up  Reuters
Canadians can bank on low interest rate environment for years to come: Poloz
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Potash Profit Tops Estimates as Market Begins to Stabilize (3)
Potash Corp. of Saskatchewan Inc., the largest North American producer of its namesake fertilizer, posted better-than-expected first-quarter earnings and sales as the market for the commodity began to recover following last year's price plunge.
PotashCorp beats Q1 earnings estimates  The Northern Miner (subscription)
Potash Corp. earnings beat expectations
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