Top Business Headlines
 

January 19, 2020

 
 
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Join a subscriber-exclusive call-in with Rob Carrick and CEO, Credit Canada Debt Solutions, Laurie Campbell on January 22nd at 12 p.m. ET as they discuss the best ways to repair a weak credit score, and more!
 
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Editor's picks
 
Kew Media investigates ex-CFO as auditor withdraws financial statements
  Kew Media investigates ex-CFO as auditor withdraws financial statements
 

Andrew Willis

 
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Western Canada cold snap disrupting oil production and refining
  Western Canada cold snap disrupting oil production and refining
 

Devika Krishna Kumar

 
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Canadian economy expected to gather steam, keeping BoC at bay in 2020: poll
Canadian economy expected to gather steam, keeping BoC at bay in 2020: poll
 

Mumal Rathore

 
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Latest posted news
 
  These are the reasons why Amazon serves as a model for management
 
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Elon Musk’s SpaceX to simulate rocket failure in final astronaut capsule test
 
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  The tax implications the Sussexes would face in Canada
 
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Opinion
 
  Australia’s big bet on coal is about to go from economic saviour to liability as the country burns
 

Eric Reguly

 
European bureau chief
The Australian economy shares a few sorry traits with Canada’s. Both countries dig enormous amounts of dirty hydrocarbons out of the ground for export. Both made fortunes doing so, for decades. And both might now be questioning whether those wonder products were too much of a good thing as rising temperatures damage, and potentially devastate, natural systems.

 
Canada’s hydrocarbons come primarily from the oil in the oil sands, more accurately called the “tar sands” by Europeans. The oil sands enjoy sacred status in Alberta and in Ottawa. The Janus-faced federal government imposes a carbon tax and promises to meet the carbon-reduction targets set out in the 2015 Paris climate agreement yet creates the conditions, such as nationalizing a pipeline, to allow – make that encourage – the oil sands to expand.

 
Australia built virtually its entire economy on the sale of coal and iron ore to overseas buyers. It is the world’s leading exporter of coal, which has fuelled the industrial revolution in China, the world’s biggest emitter of greenhouse gases. The exports have propelled Australia’s economic growth for three decades with nary a recession to be seen, not even in the aftermath of the 2008 financial crisis.

 
 
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Michael Babad's Business Briefing
 
  Should you invest in high-end real estate as bull market in stocks gets long in tooth? Many Canadians are
 

Michael Babad

 
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From energy and resources
 
  Eastern Libya halts more than half the country’s oil output
 
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From financial services
 
  Internal probe finds no evidence of misconduct by regulator in handling of PACE Credit Union case
 
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Globe Investor
 
  Kelt Exploration CEO buys as oil has a seasonal stumble
 
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From economy
 
  Staying put: How Toronto’s tenants are coping with a rental crisis
 
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From technology, telecom and media
 
  The Liberals’ touted green tech tax cut for companies comes with uncertainty
 
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From small business
 
  Report on Small Business Newsletter: Veteran entrepreneur Jim Estill’s new venture, ShipperBee, may be his most ambitious
 
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From careers
 
These are Canada’s top employers for young people in 2020
 
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In case you missed it
 
Bombardier turnaround derailed as woes mount
  Bombardier turnaround derailed as woes mount
 

Nicolas Van Praet and Sean Silcoff

 
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