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Suncor likely to increase its bid for Canadian Oil Sands, says analyst

Regardless of what Alberta’s financial regulator decides, one Calgary-based analyst says Suncor Energy is unlikely to abandon its bid for Canadian Oil Sands, and will boost its offer.
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Top Picks from Hap Sneddon: Open Text, Powershares Financial Preferred Portfolio ETF, Saputo
Top Picks from Hap Sneddon, chief portfolio manager and founder, CastleMoore.
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.
Overhaul needed on local taxi regulations to deal with Uber, says Competition Bureau
The Competition Bureau says local regulations on the taxi industry need to be overhauled to deal with new competition from alternatives like the ride-hailing service Uber.
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.
Pimco, others sue Citigroup over billions in mortgage debt losses
Pacific Investment Management Co and other investors have sued Citigroup Inc over the bank's alleged failure to properly monitor toxic securities backed by more than US$13.8 billion of mortgage loans, resulting in US$2.3 billion of losses.
Four in 10 Canadian homeowners struggling to make ends meet: Survey
More than a third of Canadian homeowners say they have found themselves short of money to cover their monthly expenses at least once in the past year, turning to debt, cashing in savings or borrowing from family to pay the bills, according to a survey by Manulife Bank of Canada.
Brookfield bid for Australian rail, port assets hits regulatory red light
Australia's competition watchdog on Thursday rejected proposals by Canadian infrastructure giant Brookfield Asset Management Inc. to address concerns over its US$6.53 billion bid for port and rail firm Asciano Ltd.

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