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Canadian markets news

Ottawa proposes new target-benefit pension scheme, no changes to CPP
Ottawa is proposing to create a new pension plan that would be an alternative to defined-benefit plans, generally favoured by workers, and defined-contribution plans, which are favoured by employers.
Canada unveils new pension plan proposal  Reuters
No retirement crisis in Canada  Troy Media
CTV News   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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Embattled Sears Canada 'open' to more real estate sales
Sears Canada Inc. (SCC-T) 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 to invest $30-million in IT systems upgrades as rivals gain edge  Financial Post
Sears Canada sees bright spot in online sales  Globalnews.ca
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UPDATE 2-CIBC says CEO McCaughey to retire in 2016, no successor named
... * Took on CEO job in 2005. * Refocused the bank as retail lender, reduced Wall St presence. * Announcement comes amid CEO shuffle at other Canadian banks (Adds analyst comment, M&A context, shares).
CIBC Seeks New Leader as CEO McCaughey to Retire in 2016  Bloomberg
CIBC CEO Gerry McCaughey to Retire Effective April 2016 (1)  Businessweek
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Foreign workers drove unemployment higher in BC: CD Howe report
Changes to the temporary foreign worker program that made it easier for employers to hire from abroad in recent years were a factor in rising unemployment rates in B.C.
Temporary Foreign Worker Program linked to joblessness, report finds  CBC.ca
CD Howe report says temporary foreign workers program has boosted joblessness  680 News
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Bank of Canada sees hope for exports, inflation risks
By Bryn Levy. SASKATOON, Saskatchewan (Reuters) - The Bank of Canada is more hopeful than before for the recovery of the country's exports but if exports do worse than expected, overall inflation will fall again and drift further from the target, Governor ...
Bank of Canada Chief Looks to US Demand, Currency Weakness to Boost Exports  Wall Street Journal
Poloz Says Canada Interest Rates to Remain Low After Recovery  Businessweek
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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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CANADA STOCKS-TSX ekes out gain as Potash, banks rise; gold miners slip
(Updates to late morning trading) By Alastair Sharp TORONTO, April 24 (Reuters) - Canada's main stock index rose slightly on Thursday, as gains in Potash Corp following better-than-expected results and in some heavyweight banks were offset by declines in ...
Earnings news, miners support TSX, traders cautious amid worsening Ukraine ...  Times Colonist (blog)
Markets make minor gains amid positive earnings, Ukraine jitters  CTV News
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Securities watchdog CSA issues best-practices guidelines for proxy advisers
Canada's securities regulators have trodden a careful middle ground with a new policy to regulate the work of increasingly influential proxy advisory firms.
CSA proposes proxy advisor guidance  Financial Post
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Manitoba plans crackdown on misleading ads for phone, Internet, other services
WINNIPEG - The Manitoba government is proposing a law that would ban misleading advertising about Internet, telephone, cable TV and other services.
New legislation to expand protection for TV, Internet and cellphone ...  Winnipeg Free Press
Cable-bill promos will have to show full cost  Winnipeg Sun
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