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  • OTTAWA, Jan 28- Justin Trudeau, the man with the best shot at replacing Stephen Harper as Canada's prime minister, will spend this year's election campaign trying to convince voters that he is more than just a pretty face. Trudeau, 43, a relative political novice, took over Canada's storied but struggling Liberal Party in 2013 and quickly hauled it into first place...

  • Jan 27- Canadian business-software maker Open Text Corp's quarterly revenue fell short of market expectations, hit by a strong U.S. dollar and weaker-than-expected revenue from its emerging markets business. U.S.-listed shares of Open Text, whose software helps companies manage documents and workflows, fell 11 percent in extended trading on Tuesday.

  • Tim Hortons to cut jobs after takeover by Burger King Tuesday, 27 Jan 2015 | 5:07 PM ET

    TORONTO, Jan 27- Canadian coffee and doughnut chain Tim Hortons confirmed on Tuesday it will cut jobs as it reorganizes after being acquired by U.S. fast food chain Burger King for C $12.64 billion last year. The Financial Post reported last week that a "significant" number of the roughly 1,400 employees at its head office in Oakville, Ontario, and in regional...

  • UPDATE 1-Canada's RBC and BMO move to cut prime rates Tuesday, 27 Jan 2015 | 5:04 PM ET

    TORONTO, Jan 27- Royal Bank of Canada, the country's biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut. Canada's biggest banks, which also include Toronto-Dominion Bank, Bank of Nova Scotia,...

  • OTTAWA, Jan 27- If Canada's opposition Liberals win the election set for this October they would be able to boost spending on their priorities without necessarily running a budget deficit, party leader Justin Trudeau told Reuters on Tuesday. Prime Minister Stephen Harper's Conservatives, who have been in power since early 2006, portray management of the...

  • Gov. Inslee's cap-and-trade plan makes polluters pay Tuesday, 27 Jan 2015 | 12:47 PM ET

    About three dozen people from across the state testified before the House Environment Committee on a bill to cap the overall amount of carbon emissions in the state and require major polluters to pay for each metric ton of carbon released. Joe Fitzgibbon, D- Burien, who chairs the committee, said the impacts of climate change are real and the state can't afford to...

  • BUCHANAN, Liberia— The auburn-red soil and lush green vegetation lured the foreign investors to Liberia's third-largest city with visions of environmental gold. The Overseas Private Investment Corporation, a little known U.S. government agency 4,700 miles away, backed the venture with $217 million in loan approvals from 2008 to 2011..

  • Brookfield Canada reports 4Q results Monday, 26 Jan 2015 | 5:24 PM ET

    TORONTO _ Brookfield Canada Office Properties on Monday reported a key measure of profitability in its fourth quarter. The company said it had net income of $5.8 million, or 23 cents per share. The real estate investment trust, based in Toronto, posted revenue of $108.5 million in the period.

  • OTTAWA, Jan 26- Canadian Finance Minister Joe Oliver insisted on Monday that the government would balance next year's budget despite falling oil prices and said the country's economy would outperform most of its rivals. Oliver, who has consistently said Ottawa will balance the books in the 2015/ 16 fiscal year, announced abruptly on Jan. 15 that he would push the...

  • SASKATOON, Saskatchewan, Jan 26- Saskatchewan is likely to tighten what are already some of North America's strictest rules for purchasing farmland as the Western Canadian province looks to fend off big money managers hungry for what they see as a winning investment. Stewart said the changes could also include measures to foil the plans of Vancouver- based...

  • Jan 26- Iron ore and coal miner Cliffs Natural Resources Inc said it reduced net debt by $400 million and scrapped its quarterly dividend to cut more debt. Cliffs wrote down the value of its coal and iron ore assets by about $6 billion in October due to weak prices, and warned a month later that it might have to close its Bloom Lake iron ore mine in Quebec.

  • ST. ALBANS, Vt.— Top Vermont officials told farmers in the agriculture-dependent northwestern corner of the state on Monday they could be held legally accountable if they don't participate in a series of efforts designed to clean up Lake Champlain. Agriculture Secretary Chuck Ross, Attorney General William Sorrell and Department of Environmental...

  • FOREX-Euro steadies despite Greek worries Monday, 26 Jan 2015 | 3:34 AM ET

    LONDON, Jan 26- The euro regained a foothold in early deals in London on Monday, investors choosing to take some profit on two days of dramatic losses after the results of elections in Greece sent the single currency to an 11- year low. Dealers and analysts in London said the most likely next move was still down but that the European Central Bank's announcement of...

  • DIARY- Top Economic Events to Feb 10 Friday, 23 Jan 2015 | 7:00 PM ET

    DAVOS, Switzerland- Bank of England Governor Mark Carney to take part in panel discussion on "The Global Economic Outlook"- 1500 GMT. **DUSSELDORF, Germany- Deutsche Bundesbank board member Joachim Nagel speaks at the annual conference of the German-Chinese Economy, organized by Handelsblatt and HSBC- 1400 GMT. LUXEMBOURG- Central Bank of Luxembourg Governor and...

  • NEW YORK, Jan 23- The billionaire hedge fund manager Louis Bacon has filed a $50 million defamation lawsuit against the Canadian fashion designer Peter Nygård, escalating a long-running battle between the owners of neighboring properties in an exclusive gated community in the Bahamas. Nygård "caused these brazen lies to be published with actual malice and...

  • Currency war: Who will be the casualties? Friday, 23 Jan 2015 | 9:45 AM ET
    An employee counts fifty euro banknotes at his desk inside a Travelex store, operated by Travelex Holdings in London.

    Central banks are in combat mode. On the front lines: Europe, Denmark, Canada, Switzerland, Peru and India.

  • OTTAWA, Jan 23- Lower gasoline costs pulled down the Canadian annual inflation rate in December to a nine-month low, Statistics Canada said on Friday, two days after the Bank of Canada cut interest rates due to slumping oil prices. But in a sign that inflation was not totally benign, the measure of core inflation- which strips out the prices of some volatile items and...

  • PARK CITY, Utah— An Academy Award nomination is an incomparable stamp of approval for any film— and for an indie feature coming out of the Sundance Film Festival, in some cases, it's a downright miracle. "Because filmmakers, studios, producers are seeing a lot of Oscar movies begin to come out of Sundance, I think they're looking at Sundance as a strategy to put the...

  • OTTAWA, Jan 23- Bank of Canada Governor Stephen Poloz's shock rate cut on Wednesday sent a clear message to financial markets: Don't expect me to hold your hand. Trading floors reacted by selling the Canadian dollar and uttering more than the usual number of expletives, but the move drove home that the central bank has changed its views about a monetary policy tool...

  • State, contractor still battling over viaduct project Thursday, 22 Jan 2015 | 8:23 PM ET

    SEATTLE— The manager for the troubled Alaskan Way Viaduct replacement project told lawmakers Thursday that the state and the contractor are still battling over tens of millions of dollars in repairs dating back to 2012, but even if the contractor declares bankruptcy tomorrow, the project could still be completed. The state House Transportation Committee...