GM’s Ready to Lose $9,000 a pop to Chase the electric Car Boom

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General Motors Co. stands to lose as much as $9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain, no gain policy driving the electric-vehicle boom in the U.S. California crafted the doctrine, with tough clean-air rules and a mandate that ...

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Company pitches Supersonic Jet Travel, three-hour trips from New York to London

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Ask a harried air traveller about the basics of modern flight and you’ll probably elicit surprise when they discover commercial airplanes fly only as fast as they did in the 1950s. Given the range of aerospace advances in the past half-century, plus the technological leaps in almost every other area of human endeavour, it seems reasonable to ask: Why can’t ...

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Canada’s gender equality Regression is a problem that Must be Solved: Olive

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It was impossible not to be dismayed when Canada was reported late last month to have plunged from first place to 35th place in the global rankings of gender equality. The decline has been gradual, dating from the 2000s, but steady. Today, Nicaragua and Rwanda outrank Canada — indeed, they are in the top 10 in gender equality. Rwandan law ...

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Jobless Rate Slides Despite Decline in full-time Work

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OTTAWA—The Canadian labour market topped expectations by adding another 10,700 jobs last month and dropping the unemployment rate to 6.8 per cent — but the latest numbers raise questions about the quality of the work. Statistics Canada’s November employment survey showed yet another monthly decline in full-time work — a figure more than offset by a gain in part-time jobs. ...

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Canadian Dollar Rises, TSX Lifted by Gold Gains

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The price of gold helped boost the Toronto Stock Exchange’s main index, while U.S. markets were mixed Friday. The S&P/TSX composite index rose 24.99 points to 15,052.52, lifted by the gold sector. The February gold contract climbed $8.40 (U.S.) to $1,177.80 (U.S.) an ounce, ending the week down 60 cents from where it was a week ago. John Stephenson, president ...

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Fashion Designer Tommy Hilfiger to Sell his ultra-rare Ferrari Collectible Car After Lifestyle Change

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Fashion designer Tommy Hilfiger is selling his 2003 Ferrari Enzo in January at the annual RM Sotheby’s Scottsdale, Ariz., auctions. Hilfiger is the original owner of this extremely low mileage supercar — there are just over 3,600 miles on the odometer, which translates to about three-quarters of a mile per day since he bought it — a factor that significantly ...

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South America’s Trade bloc Mercosur Suspends Venezuela for Failure to Follow Rules

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CARACAS, VENEZUELA—South American nations suspended Venezuela on Friday from the Mercosur trade group over what they said was its failure to comply with the commitments made when it joined the group in 2012. Argentina’s foreign ministry said in a statement that Venezuela had failed to meet a Thursday deadline to adopt certain standards required for membership. The foreign ministers of ...

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Turnabout is Fair Play as Resurgent Toronto Raptors Beat up on Former Nemesis, Los Angeles Lakers, in NBA action at ACC

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For the first time in many years, the Los Angeles Lakers were in Toronto with little buzz. No visitor in two decades-plus of Toronto Raptors basketball ever received the adulation and filled the seats the way Kobe Bryant did. And few franchise beat up on the Raptors so often (a 28-11 record heading in). But Bryant, the future Hall-of-Famer, is ...

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Habs Game Report: Sharks Edge Canadiens 2-1

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SAN JOSE – The Canadiens are still 0-for-this-century in San Jose. The Sharks defeated the Canadiens 2-1 Friday night at SAP Center and that left Montreal with a 0-11-1 record since their last win here on Nov. 23, 1999. The Sharks scored twice in the first period and then left it up to Martin Jones, who had a shutout until Artturi ...

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Rams QB Jared Goff in for a tough time against Patriots

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Jared Goff is expecting a cold reception, in more ways than one, Sunday when he leads the Rams into Foxborough, still looking for his first NFL win. Goff has had a difficult baptism in his rookie debut, leading an offence with limited weapons and little muscle. And, now the California-born-and-bred quarterback faces the cold fact that he will be up ...

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