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Sears Canada to tighten 59 stores, lay off 2,900 in restructuring

Sears Canada skeleton to tighten 59 stores and discharge 2,900 jobs opposite a nation as partial of a court-supervised restructuring process. Shares in Sears Canada were halted Thursday morning after a tradesman practical for and was postulated insurance from a creditors underneath the Companies’ Creditors Arrangement Act — a law that …

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Canadian sell sales tip Apr forecasts

Canadian consumer spending in Apr was stronger than expected, that economists contend lends weight to a Bank of Canada’s new suggestions that seductiveness rate hikes could be on a way. Statistics Canada reported Thursday that sell sales for Apr rose by 0.8 per cent on a monthly basement to $48.6 …

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CIBC looks to beget entertain of gain from U.S.

CIBC sealed a merger of Chicago-based PrivateBancorp on Friday, securing a foothold in a U.S. where CEO Victor Dodig pronounced a bank hopes to one day beget a entertain of a earnings. The Canadian bank now earns roughly 5 per cent of a increase in a U.S., essentially from a …

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