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Wal-Mart cutting up to 500 corporate jobs in latest shake-up aimed at streamlining costs

Wal-Mart cutting up to 500 corporate jobs in latest shake-up aimed at streamlining costs

Even as Wal-Mart makes cuts, the company has taken steps to retain employees — like boosting its hourly wage and creating new roles focused on its online grocery business.Justin Sullivan files Wal-Mart Stores Inc. is cutting 400 to 500 jobs at headquarters this week, the latest effort to streamline a retail empire under threat from

Easy money will be around for ‘some time yet,’ says Bank of Canada chief Stephen Poloz

Stephen Poloz, governor of the Bank of Canada, at the World Economic Forum in Davos, Switzerland, on Friday.Simon Dawson/Bloomberg Bank of Canada Governor Stephen Poloz said central banks aren’t going to aggressively tighten policy because there are still underlying vulnerabilities in many economies. Calling this the “‘end of easy money’ is a little too simple,”

Morneau vows to keep Canada competitive in face of U.S. corporate tax cuts

Finance Minister Bill Morneau says he will make sure the Canadian corporate tax rate stays competitive with the U.S.Cole Burston/Bloomberg Canadian corporate tax rates remain competitive after U.S. reductions and Finance Minister Bill Morneau said he will make sure they stay that way. Canada’s average corporate tax rate is about 27 per cent now and

Swiss Chalet owner Cara signs deal to buy upscale steak chain The Keg

Cara Operations says it has signed a deal worth $200 million to buy the Keg steakhouse chain.Postmedia News files TORONTO — Cara Operations Ltd. is beefing up its already large presence in the Canadian restaurant business with a $200-million acquisition of Keg Restaurants Ltd., a move that could help take a bigger bite out of

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