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Canadian investors staying the course despite market volatility: poll

TORONTO Falling stock markets have not changed how most Canadian investors view their portfolios, a new poll suggests.

The online poll released Tuesday and conducted for CIBC (TSX:CM) found that 58 per cent of people surveyed say they’re sticking with their long-term investment strategy despite the recent market volatility.

Riding market volatility ahead of RRSP deadline

OTTAWA As Canadians review their year-end investment statements and prepare to meet with their financial advisers ahead of the RRSP deadline, stock markets are taking a rocky ride.

Amid the market turmoil, portfolio manager Adrian Mastracci of KCM Wealth says it is back to basics this year. That means having a strong financial plan that lays out clear goals and how they will be met.

NHL Commissioner Gary Bettman signed contract through 2022

NASHVILLE Gary Bettman said his relationship with the union has never been better.

Perhaps that’s why he is willing to stick around as NHL commissioner into the next decade.

Bettman signed a contract through 2022, he confirmed in an interview Sunday on the NHL Network before the All-Star game. The deal was first reported by Sports Illustrated earlier in the day.

Percentage of Canadians planning RRSP contributions down from year ago: poll

TORONTO The percentage of Canadians who plan on contributing to their RRSP before the deadline at the end of next month is down slightly from last year, according to a poll issued by the Bank of Montreal.

However, the survey found that those who have already contributed and those who are still planning to add to their retirement savings are putting aside a little more than last year.

United, American offering refunds for travel to Zika areas

Two major U.S. airlines are offering refunds to passengers worried about the Zika virus outbreak in many tropical countries.

United Airlines says customers booked to fly to areas affected by the virus can reschedule or get refunds. American Airlines says it will give refunds to pregnant women who were planning to travel to parts of Central America.

Company executive blames decade-old oil leak on ‘act of God’

BATON ROUGE, La. A decade-old oil leak that could last for another century was caused by an “act of God” during a hurricane in the Gulf of Mexico, the president of the company responsible said Wednesday.

Taylor Energy President William Pecue told a gathering of industry experts and environmental advocates in Baton Rouge that the company cares “very deeply” about the environment.

CP Rail accuses rivals of colluding to fight merger with Norfolk Southern

MONTREAL Canadian Pacific Railway has asked the U.S. Department of Justice to get involved in its battle to acquire Norfolk Southern.

The Calgary-based railway wants U.S. antitrust authorities to conduct a review of what it alleges is an illegal co-ordinated effort by major U.S. railroads to block industry consolidation, including its proposed takeover of the Virginia rail company.