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National Business

Mogo secures new umbrella loan of up to $40 million from Fortress

VANCOUVER — Mogo Finance Technology Inc. (TSX:MOGO) says it has secured a new umbrella loan of up to $40 million from Fortress Investment Group LLC.
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Cunard is planning 4th cruise ship to join its fleet

Cunard is planning a fourth ship to join its fleet, according to an announcement Monday from the brand's parent company Carnival Corp. The unnamed cruise ship will launch in 2022. It will carry 3,000 guests and will be built in Italy by Fincantieri.
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Toronto stock index up on surging oil prices, Wall St. down on North Korea warnings

TORONTO — Rallying energy and gold stocks lifted the Toronto stock index higher Monday as U.S stock indices fell amid the latest North Korea comments. The S&P/TSX composite index was up 62.00 points to 15,516.
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Ontario lost 1,000 planned rental units since new housing rules introduced:report

TORONTO — At least 1,000 planned rental units in Ontario have been cancelled or converted to condominiums since the province introduced new rent control rules, a report released by a group representing rental-housing providers said as it warned of a
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Most actively traded companies on the TSX

Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,516.23, up 62 points): Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down nine cents, or 4.04 per cent, to $2.14 on 14.
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Uber fights with London regulators, but also tries diplomacy

Uber fights with London regulators, but also tries diplomacy

LONDON — In past skirmishes with local regulators, Uber's playbook under co-founder and now-ousted CEO Travis Kalanick was simple: fight.
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Ikea set to open only East Coast store, touting it as Canada's most sustainable

Ikea set to open only East Coast store, touting it as Canada's most sustainable

HALIFAX — Ikea is set to officially open its only store in Atlantic Canada on Wednesday as thousands from across the region are expected to descend upon the popular Swedish furniture chain's new Halifax-area location.
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Cenovus reaches agreement to sell Suffield assets for $512 million

CALGARY — The CEO of Cenovus Energy Inc. (TSX:CVE) says it is "right on target" with its asset sales plan after announcing a deal Monday to sell its Suffield oil and gas operations in southern Alberta to International Petroleum Corp.
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No more flying with reindeer: Unique Alaska planes to retire

No more flying with reindeer: Unique Alaska planes to retire

ANCHORAGE, Alaska — Claire Richardson remembers taking off in an airplane uniquely configured for Alaska when a horrible smell seeped into the passenger area.
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Interest in N.S. liquefied natural gas projects ramps up as producers look east

HALIFAX — Two liquefied natural gas megaprojects slated for Canada’s East Coast are steaming ahead, even as investors pull the plug on plans for the West Coast. Bear Head LNG Corp., a subsidiary of Australia-based Liquefied Natural Gas Ltd.
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