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Retail fortunes hang in the balance at start of key shopping season

Shoppers in both the U.S. and Canada lined up in the wee hours of the morning to get the deepest discounts, but there’s no denying that digital commerce is changing the dynamics of Black Friday.
Latest News
Best Buy Canada receives backlash after site malfunctions on Black Friday
Canadian tech retailer Best Buy has incurred the wrath of Black Friday shoppers who say a website malfunction prevented them from taking advantage of the annual markdowns.
Canada job vacancies rise in second quarter, mostly in the west: Statscan
The number of job vacancies in Canada rose to 437,400 in the second quarter, with the west offering the most hope for people seeking work, Statistics Canada data indicated on Friday.
Competition Bureau calling for taxi regulator overhaul to deal with Uber
Canada’s competition watchdog is urging regulators to modernize regulations for taxi drivers. This, as the Canadian taxi industry says its battle against ride-sharing companies like Uber and Lyft has been anything but fair because of an imbalance in industry regulations.
Top Picks from Hap Sneddon: Open Text, Powershares Financial Preferred Portfolio ETF, Saputo
Top Picks from Hap Sneddon, chief portfolio manager and founder, CastleMoore.
Hydro One sale slashes $1B off Ontario deficit
Ontario has shaved $1-billion off this year’s deficit as a result of the privatization of Hydro One and lower-than-expected interest on its debt repayments.
U.S. consumers and stores face off over depth of holiday discounts
A Reuters/Ipsos survey found more people planned to cut holiday spending than increase in every category surveyed: clothing, jewelry, electronics, food and toys, and that 46 percent felt they could wait longer in the season to buy because of faster shipping.
Barclays fined for lax crime checks in 'deal of century'
Britain's financial watchdog has fined Barclays 72 million pounds (US$109 million) for cutting corners in vetting wealthy customers to win a transaction a senior manager said was potentially the "deal of the century."
Top Picks from Michael Simpson: Boardwalk REIT, Linamar and TransCanada
Top Picks from Michael Simpson, senior vice president and senior portfolio manager, Sentry Investments.
Sneak Preview: Why Andrew McCreath has a $100 price target on CGI shares
BNN Market Commentator Andrew McCreath says shares of CGI Group will hit $100 in a few years. He spoke to CEO Mike Roach about the company’s prospects. Here’s a sneak preview. See the full interview on Weekly on Friday at 5:30p, 7:00p & 11:00 p ET on BNN.
Big jump in jobs, wages in September: Statistics Canada
Statistics Canada’s latest survey of employers shows a sharp jump in both hiring and wages in September, as the Canadian labour market bounced back from summer doldrums.
Goldcorp suspends operations at Ontario mine to investigate death
Goldcorp Inc., the largest gold producer by market value, suspended operations at a mine in Northern Ontario as authorities investigate a fatal accident.

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