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Business Canada

  • PetroChina, Asia's largest oil and gas company, is making a $1.7 billion investment in the Canadian oil sands.

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    The House version of a Health Care overhaul bill will not stand up well in the August heat. It makes for scary reading and if the powers that be could have muscled it through it wouldn't be hanging in the wind for all of us to take shots at it. But there it is and it makes for head scratching moments. My friend, Sydney Williams, who writes one of the best investment letters I get to read, passed along some highlights that were extracted by a buddy of his, Peter Fleckenstein.

  • When American stocks fail to deliver, Cramer urges investors to head north of the border.

  • Better not tell Ben Franklin but some traders may not be terribly patriotic this Independence Day. In fact, they’re betting against the USA!

  • Oil Refinery

    Chinese refiner Sinopec agreed to acquire oil and gas exploration company Addax Petroleum Corp. in a deal valued at $8.27 billion Canadian (US$7.2 billion), gaining access to reserves in West Africa and the Middle East.

  • The leader of Canada's east coast province of Newfoundland has announced a tentative agreement to develop an offshore project estimated to contain 223 million barrels of oil.

  • David Lutz, managing director at Stiefel Nicolaus Capital Markets and Jim Iuorio, director at TJM Institutional Services, weighed in on the best places to invest now.

  • As the buzz about economic recovery grows louder, a new survey reveals the best place in the world to ride out the rest of the recession, which could be one of the first stops on the recovery train.

  • There are a number of signs that the economy is strengthening, said Russ Koesterich, head of investment strategy at Barclays Global Investors.

  • Prostitute

    As the prostitution industry grapples with the recession, prostitutes in Canada are in training for the next big event: The 2010 Olympics in Vancouver.

  • Chrysler Chief Executive Robert Nardelli says the U.S. government and Fiat will appoint a new board of directors if Chrysler joins forces with the Italian automaker.

  • Commodities are still the best play for the long term, legendary investor Jim Rogers told CNBC, confessing that he has been buying farmland himself.

  • What follows below is the transcript of my interview with Canadian Prime Minister Stephen Harper on last night's show. Mr. Harper is a trained economist and quite an impressive statesman. Our northern neighbors are lucky to have him at the helm. We covered a wide range of key topics including the ailing banking system, risks of protectionism, oil sands and autos.

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    Perhaps it’s time to look at investing from a different angle. Yes, perhaps its time to put diversification into overdrive and start thinking - and trading - outside the stocks.

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    The oil that is extracted from Canadian dirt is being portrayed as saving America from energy dependence on the unstable Middle East, or an environmental catastrophe in the making, says the New York Times.

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    The NBA cut nine percent of its workforce, the NFL announced plans to slash 10 percent of its employees and the majority of Major League Baseball teams have many of their seat prices frozen for next year. The NHL? Apparently booming.

  • Oil should be above $70 a barrel to encourage investment in increased production capacity and avoid creating future supply crises, Qatar's oil minister said on Monday.

  • Even in times of global financial downturn, you can be sure of one thing people will continue to buy and consume: beer. It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

    It would take more than rising commodity costs and plummeting stocks to quench the hardy revelers of these 20 nations. (Ranked per capita.)

  • Global financial leaders convened at an economic summit held at the University of Virginia to discuss the world's economic concerns. The conference tried to design a blueprint for how to solve some shared economic problems, such as the subprime mortgage crisis and rising fuel and food costs.

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    An official with Air Canada’s regional carrier Jazz says the airline is removing life vests from all its planes to save weight and fuel.