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Sluggish wages, exports hit Canadian growth

Bloomberg Canada’s unemployment rate fell back to four-decade lows, but sluggish wage increases and slumping exports offer little evidence the economy is running hot enough to warrant accelerated interest rate increases. Statistics Canada released jobs data that showed modest employment gains, but with a shrinking labour force and the slowest wage gains in a year. A separate trade report continued ...

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Facebook gets symbolic fine in Cambridge Analytica row

Bloomberg Facebook Inc. was slapped with a symbolic 500,000-pound ($645,000) fine by the UK’s privacy regulator for “serious” violations of data protection rules that paved the way for the Cambridge Analytica scandal. The fine is the highest possible for the Information Commissioner’s Office under old rules that predated this year’s European Union revamp of privacy penalties. The ICO said that ...

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Nokia bets on job cuts, fourth-quarter boost to meet targets

Bloomberg Nokia Oyj said it will reap the rewards of higher spending on next-generation wireless networks in the final months of 2018, after the Finnish company announced an unspecified number of jobs reductions in a $1 billion drive to cut costs to reach long-term targets. The results showed that the company has some way to go to fulfill Chief Executive ...

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