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at 12:52 on March 11, 2010, EDT.
MONTREAL - Power Financial Corp., whose subsidiaries include Great-West Lifeco Inc. (TSX:GWO) and IGM Financial Inc. (TSX:IGM), reported a big improvement in fourth-quarter earnings Thursday despite an overall decline in revenue.
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at 12:22 on March 11, 2010, EDT.
TORONTO - TD Bank chief economist Don Drummond plans to retire at the end of June.
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at 12:21 on March 11, 2010, EDT.
CALGARY - Crescent Point Energy Corp. (TSX:CPG), an oil and gas producer, reported a fourth-quarter loss of $4 million compared to a profit of $361 million in the same quarter of 2008, its results affected by losses this year and gains in the last due to its hedging program.
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at 12:21 on March 11, 2010, EDT.
TORONTO - Kinross Gold Corp. (TSX:K) is offering to pay a premium to buy the rest of Underworld Resources Inc. (TSXV:UW) in a stock-and-cash deal that values the junior mining company at $139.2 million.
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at 11:38 on March 11, 2010, EDT.
MONTREAL - Transat A.T. Inc. shares plunged Thursday after the Montreal-based vacation company reported its revenue last quarter was down nearly 10 per cent from a year earlier and revealed that its costs fell less than analysts expected.
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at 11:37 on March 11, 2010, EDT.
TORONTO - The Toronto stock market was little changed late Thursday morning as tech stocks provided lift and commodity stocks recovered from early declines sparked by higher Chinese inflation data.
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at 10:53 on March 11, 2010, EDT.
GENEVA - Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries.
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at 10:52 on March 11, 2010, EDT.
WASHINGTON - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.
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at 10:05 on March 11, 2010, EDT.
TORONTO - Resource company Equinox Minerals Ltd. reported a fourth-quarter loss Wednesday as it continued to book revenues from the Lumwana copper mine, which began production earlier in the year.
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at 9:50 on March 11, 2010, EDT.
ATHENS - Serious street clashes erupted between rioting youths and police in central Athens Thursday as some 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures.
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