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Tim Hortons takeover by Burger King may prove stale for Canadians: study

TORONTO — Widespread layoffs and strict cost-cutting measures could befall Tim Hortons if Burger King’s parent company takes over the chain, says a study from the Canadian Centre for Policy Alternatives.

The left-leaning think-tank released a scathing review of 3G Capital’s past takeovers on Thursday and concluded that the Brazilian private equity firm’s track record is predictive of “overwhelmingly negative consequences for Canadians” and the Tim Hortons restaurant chain. READ

New set of rail safety rules announced in wake of Lac-Megantic report

The Conservative government has unveiled a new set of rules aimed at improving rail safety in Canada. READ

Canada wins a round in ongoing trade battle with U.S. over meat-labelling laws

Canada has won a battle in an ongoing trade dispute with the United States over meat-labelling laws that have hurt the beef and pork industries. READ

Facility vows to end abuse

The chairman of the Western Hog Exchange says his organization is taking steps to prevent the kind of animal abuse that was shown on video broadcast by CTV’s investigative program W5 on Saturday. READ

Finance Minister hints tax cuts on the table for fall update; no date announced

Tax relief is on the way for Canadians, and Finance Minister Joe Oliver hinted Tuesday it could arrive as early as the annual fall economic update. READ

Hog abuse claims prompt probe

An animal rights group is urging the federal government to finally move forward with updated transportation regulations after allegations of abuse at a hog facility in Red Deer. READ

Economy adds 74,100 jobs in September, drops unemployment rate to 6.8 per cent

The latest Canadian labour report suggests the job market bounced back in a big way last month, generating 74,100 net new positions and knocking the unemployment rate down to its lowest level in nearly six years. READ

Pot should be legalized, regulated and sold like alcohol, says addiction centre

Canada’s largest mental health and addiction treatment and research centre is calling for the legalization of marijuana, with strict controls that would govern who could buy weed, from where, and in what quantity. READ

Conservative changes to EI could cost Canada jobs, Budget watchdog warns

The Harper government’s $550-million small-business job credit will create just 800 net new jobs in 2015-16, while a freeze in employment insurance premiums could cost the economy 10,000 jobs over the same period, Canada’s parliamentary budget office says. READ

Canada losing its edge online because of slow digital take-up by firms: report

A new report warns that Canada is losing its international edge on the Internet because businesses are slow to take up digital technology. READ

Europe considers measure that could ease oilsands imports

The European Union is considering a proposal that could ease restrictions on importing crude derived from the oilsands. READ

Quebecor sells English papers to Postmedia Network for $316 million

Postmedia is scooping up some of the country’s largest newspapers and websites as part of an agreement to buy the English-language operations of Quebecor’s Sun Media for $316 million. READ

Opening of carbon capture project in Saskatchewan draws global interest

Saskatchewan’s power utility is heralding its carbon capture and storage project, touted as the world’s first commercial-scale operation of its kind. READ

Harper says 2013-14 deficit projected at $5.2 billion, down from $16.6B

The federal deficit for the last fiscal year is expected to come in at $5.2 billion — well below earlier forecasts, Prime Minister Stephen Harper said Thursday. READ

EU leaders say trade deal with Canada is done

The European Union leadership presented a united front on their trade agreement with Canada on Friday in an attempt to dampen concerns that some European countries might still scuttle the deal. READ

Nortel not just Canadian company, IP not solely created in Canada: U.S. lawyer

TORONTO — It’s a fallacy to think of Nortel Networks as just a Canadian company and that its intellectual property was created solely in Canada, a lawyer for its U.S. subsidiary said Tuesday at a cross-border bankruptcy trial that will decide how remaining assets are shared among creditors. READ

Oliver rejects report calling for spending to create jobs, less focus on deficit

Finance Minister Joe Oliver is rejecting a recommendation from a report issued by the C.D. Howe Institute that he focus more on creating jobs than eliminating a tiny deficit. READ

Wave of smarter data collection could transform how business works

A new wave of intelligent sensors, cameras and tracking devices is expected to sweep across Canada over the next few years, quickly transforming how business is done — much as smartphones took communications to a new level of performance. READ

Former ambassador not confident Keystone will be approved

MONTREAL — A former Canadian ambassador says he’s less confident now than he was a few years ago about the U.S. giving the Keystone XL pipeline project the green light. READ

Canada Post reports Q1 loss

OTTAWA, Ont. — Canada Post had a $27-million loss before taxes in the first quarter of this year amid an overall drop in revenue as it handled lower volumes of bills and statements delivered by mail. READ

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