Top Business Headlines
 

November 19, 2018

 
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top news

  Alberta oil price collapse raises fears of economic contagion
 

David Berman

 
 
 Investment Reporter
RB-CD-OIL-ECONOMY-1116
 
A tanker truck used to haul oil products operates at an oil facility near Brooks, Alb. on April 18, 2018.
 

It isn’t just Alberta’s problem now.

The plummeting price of Canadian heavy crude oil has been a source of of rising anxiety in Calgary and misery for investors in the energy sector. But it is more than that. As the downturn deepens, it’s becoming a cause of worry for the entire domestic economy, and for government finances that haven’t fully recovered yet from the oil crash of 2014 to 2016.

 
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Editor's picks

Dividend hikes, prime pipeline stocks and Carrick’s robo-adviser guide: What you need to know this week in investing
  Dividend hikes, prime pipeline stocks and Carrick’s robo-adviser guide: What you need to know this week in investing
 

S.R. Slobodian

 
Full Story
 
Ontario splits with federal government on small-business tax change
  Ontario splits with federal government on small-business tax change
 

Brenda Bouw

 
Full Story
 
Amazon’s would-be NY neighbours: Cynicism, some hope for jobs
Amazon’s would-be NY neighbours: Cynicism, some hope for jobs
 

Deepti Hajela

 
Full Story
 
 
 
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latest posted news

Food halls the latest appetizer for office workers
Food halls the latest appetizer for office workers
 
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Experts to work with energy industry on oil price solutions for Alberta
  Experts to work with energy industry on oil price solutions for Alberta
 
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Bombardier stock rebounds after analyst calls watchdog’s investigation ‘routine’
  Bombardier stock rebounds after analyst calls watchdog’s investigation ‘routine’
 
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Opinion

Time to abandon the dream of a national securities cop
  Time to abandon the dream of a national securities cop
 

Barrie McKenna

 
 
 Economics Reporter

Imagine you own a farm and want to fence it in to keep livestock from roaming the countryside.

The local municipality objects, citing an obscure bylaw. But it offers an alternative: convince your dozen or so neighbours to join you in building a patchwork of barriers. Unfortunately, two of them refuse, leaving you with half a fence and a potentially dangerous animal problem.

That’s essentially what the Supreme Court of Canada has done to national securities regulation. Two landmark decisions mean this country is unlikely in the foreseeable future to have a truly national watchdog to police trading in stocks, bonds and other investments – as virtually every other industrialized country does.

 
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MICHAEL BABAD’S BUSINESS BRIEFING

BMO’s 2019 Toronto stock market outlook: The best case, the base case and the basket case
  BMO’s 2019 Toronto stock market outlook: The best case, the base case and the basket case
 
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FROM ENERGY & RESOURCES

Newfoundland’s offshore oil rigs taken offline after Husky Energy spill
 
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FROM FINANCIAL SERVICES

  Danske Bank whistleblower says several other banks helped process suspicious payments
 
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FROM ECONOMY

By one metric, Canada’s jobs market is ‘even stronger’ than in the U.S.
 
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FROM TECHNOLOGY, TELECOM & MEDIA

  Uber returns to Germany, promising to follow local regulations
 
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FROM INTERNATIONAL BUSINESS

  Airbnb to remove listings at Israeli settlements in occupied West Bank
 
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FROM SMALL BUSINESS

  Meal-kit company Fresh Prep faces hefty competition as it gears up for expansion
 
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FROM GLOBE CAREERS

  A sex scandal is just around the corner
 
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INSIDE THE MARKET

Bitcoin breaches $5,000, plumbs fresh 13-month low
 
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VIDEO

See how the space station has grown and evolved over 20 years
 
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in case you missed it

Young couples living together to save on housing costs should think about more than rent
Young couples living together to save on housing costs should think about more than rent
 

Anna Sharratt

 
Full Story
 

PODCAST

In the 200 years that the insurance industry has been around, the model has remained largely unchanged. We speak with serial entrepreneur Mike Serbinis about the explosion of on-demand and personalized services, and the way his new company League is challenging the “one-size-fits-none” model.
 
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