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Business Canada

  • *WHAT: Canada's consumer price index for September. *WHEN: Friday, Oct 19 at 8:30 a.m./ 1230 GMT. TORONTO, Oct 12- Canada's headline inflation rate likely picked up slightly in September, while still keeping well below the Bank of Canada's target, making it unlikely the central bank will resume tightening monetary policy anytime soon.

  • *CN is Canada's biggest railroad. Oct 12- Canadian National Railway Co should be able to ship twice as many carloads of crude oil in 2013 as it will this year, the railroad's chief marketing officer said on Friday. CN Rail, Canada's biggest railroad, has said it expects to move more than 30,000 carloads of crude oil in 2012 to various North American destinations.

  • NEW YORK, Oct 12- Currency speculators pared bets against the U.S. dollar for a second straight week to their lowest level in a month, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position slid to $6.43 billion in the week ended Oct. 9, from a net short of $16.31 billion the previous week.

  • TORONTO, Oct 12- Mason Capital Management LLC, the largest shareholder in Telus Corp, said on Friday an appeals court in British Columbia had overturned a ruling that had stymied its plan to call a meeting of the Canadian telecommunications company's shareholders.

  • TORONTO, Oct 12- Toronto's main stock index pulled back on Friday and posted its worst weekly performance in four months on low expectations for third-quarter earnings and uncertainty on when and whether heavily indebted Spain would formally request a bailout. The Toronto Stock Exchange's S&P/TSX composite index.

  • NEW YORK-- Shares of discount store chain Dollar Tree fell on Friday after an analyst downgraded the stock on weakening sales trends. THE SPARK: Jefferies analyst Daniel Binder said in a note to investors that revenue in stores open at least one year, a key retail metric, have been decelerating at Dollar Tree.

  • NEW YORK-- Shares of Sears Holdings Corp.' s spinoff of its Hometown and Outlet Stores are rising on their debut trading day. The Hoffman Estates, Ill., company, which runs Kmart and Sears stores, had signaled in February that it would split off Sears Hometown and Outlet Stores Inc. as a separate publicly traded entity.

  • Oil Export Ban Exceptions

    Some oil traders are buzzing today over news that the U.S. government has issued at least a couple of new licenses to export American crude. CNBC's Kate Kelly reports the details and how to trade this news.

  • Rating Action On Sept. 21, 2012, Standard& Poor's Ratings Services affirmed its' Api' counterparty credit and financial strength ratings on Gerber Life Insurance Co.. GLIC is licensed in all 50 states, Puerto Rico, the District of Columbia, and Canada.

  • The opposition campaign is funded primarily by the Confederated Tribes of Grand Ronde, which runs Spirit Mountain Casino, the nearest casino to Portland. The new Oregon casino would be owned by PDX Entertainment company, a corporation with about 19 shareholders created in March and based in Lake Oswego.

  • LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.

  • Shares of JPMorgan Chase and Wells Fargo& Co. both fell after they released their results, even though JPMorgan posted record profits, prompting Canadian financials to follow suit, dropping 0.2 percent. Bank of Nova Scotia was down 0.3 percent at C $53.31, and Toronto-Dominion Bank was 0.2 percent lower at C $80.85.

  • *De Guindos says no political resistance to aid for Spain* Mixed reviews on IMF call for slower budget cuts* EU's top economic official shows the way for Spain By Jan Strupczewski and Koh Gui Qing.

  • LONDON, Oct 12- Oil fell towards $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • *Harper says wants growing relationship with China. DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.

  • TORONTO, Oct 12- Toronto's main stock index opened little changed on Friday, as investors digested results from a pair of major U.S. banks and as concerns about slowing global economic growth limited the appeal of riskier assets. The Toronto Stock Exchange's S&P/TSX composite index.

  • DAKAR, Oct 12- Canadian Prime Minister Stephen Harper said on Friday that his country wants a growing relationship with China, but that its investments must be scrutinized from a national security perspective.

  • LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.