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Business

Canadian Pacific searches for replacement CEO, ex-boss of rival not inevitable

CALGARY - The search for a new boss at Canadian Pacific Railway Ltd. is underway after an activist hedge fund succeeded in its months-long battle to oust CEO Fred Green, a 34-year veteran of the railroad.

Harper heads into twin international summits focusing on economy, Afghanistan

OTTAWA - Canada heads into a pair of twin international summits this weekend committed to staying the current course in Afghanistan - but staying mum on next steps.

Most actively traded companies on the TSX, TSX Venture Exchange markets

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange:

Tories unleash attack dogs over Mulcair's 'Dutch disease' thesis

OTTAWA - The Harper Conservatives have finally unleashed the attack dogs on Tom Mulcair.

Higher duty-free thresholds expected to boost cross-border shopping: report

OTTAWA - Cross-border shopping is costing the Canadian economy much more than believed and new rules raising duty-free limits will only make matters worse, says a new report by the Bank of Montreal.

Rogers shows off new model for retail stores, to be rolled out in 6 provinces

TORONTO - As the last of its DVD rentals are sold off, Rogers is showcasing the new design of its retail stores, which the company says will provide a more tailored service to customers.

Sears Canada shares drop 13 per cent as U.S. holding company plans to cut stake

TORONTO - After several years of trying to gain a bigger stake of Sears Canada, its U.S. majority owner said Thursday it plans to cut its interest in the troubled department store chain as it deals with its own dwindling sales.

Facebook's IPO one of the world's largest, prices at $38 per share

NEW YORK, N.Y. - Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money.

Facebook prices IPO at $38 per share, will raise up to $18.4B

NEW YORK, N.Y. - Facebook has priced its initial public offering of stock at $38 per share, at the high end of its expected range. It means investor demand is strong for the world's largest online social network.

New Brunswick proposes to fine energy sector, collect greater share of profits

FREDERICTON - New Brunswick is proposing a number of extra costs for the energy sector including stiffer fines and a greater share of the industry's profits as the cash-strapped province seeks to develop its oil and natural gas resources.

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