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09.05.2008
TORONTO - The Toronto stock market was little changed late Friday morning as energy stocks stepped back despite higher oil prices while the market found buoyancy from the financial sector despite more jarring news from the U.S. insurer American International Group Inc.
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09.05.2008
OTTAWA - The Canadian economy is showing signs of sputtering in the face of stiffening headwinds from the U.S. slump and ongoing tight credit conditions.
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09.05.2008
Oil prices surpassed a record US$126 per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.
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09.05.2008
WASHINGTON - The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.
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09.05.2008
OTTAWA - Canada's merchandise trade surplus with the world expanded for the third straight month in March as exports grew and imports declined.
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09.05.2008
MONTREAL - Gaz Metro Limited Partnership (TSX:GZM.UN), Quebec's largest natural gas distributor, reported higher net profits in the latest quarter as the company generated higher revenues and one-time gains.
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09.05.2008
MONTREAL - Aeroplan Income Fund (TSX:AER) plans to reorganize from an income trust into a "growth-oriented, dividend-paying" public corporation, the loyalty program operator announced Friday.
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09.05.2008
DUBLIN, Ireland - Guinness beer owner Diageo PLC rattled an Irish icon Friday, announcing plans to lay off more than half of its brewery workers, close two breweries and shift most beer production to a new, high-tech plant in the Dublin suburbs by 2013.
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09.05.2008
NEW YORK - Citigroup Inc. said Friday it aims to shed about US$500 billion in assets and grow revenue by nine per cent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.
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09.05.2008
MONTREAL - ACE Aviation Holdings Inc. (TSX:ACE.A, TSX:ACE.B) is buying back and cancelling another half-billion dollars worth of its shares as the parent of Air Canada continues dismantling itself.
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