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Five students stabbed to death at Canada house party

Five students were stabbed to death in a rampage at a house party in Calgary, Canadian authorities said Tuesday, with the son of a police officer in custody. Police said they were called at approximately 1:20 am (0720 GMT) to a home in a quiet suburban neighborhood that was hosting a party marking the end of university classes and found three people dead. Two more died in hospital. The victims were four men and one woman in their 20s. One of them was discovered bleeding on the front lawn of the property.

Five students stabbed to death at Canada house party

Five students died overnight in a stabbing rampage at a house party marking the end of university classes in the Canadian city of Calgary, authorities said Tuesday. Police said they were called at approximately 1:20 am (0720 GMT) to a home in a quiet suburban neighborhood where paramedics found three people dead. Two more died in hospital. They had been "attending a house party," said a police statement. The victims were four men and one woman in their late teens or 20s.

Canadian home sales in March up 4.9 per cent from year ago, CREA says

TORONTO - The Canadian Real Estate Association says the number of homes sold last month was up 4.9 per cent compared with the same month last year, but remained below the 10-year average. The industry association also says sales in March were up 1.0 per cent compared with February, but below a recent peak set last August. CREA says more than half the local markets it tracks saw more sales in March, led by Vancouver, Calgary and Toronto but the number of new listings rose only half a percentage point and the supply of homes for sale remains low.

Five stabbed to death at Canada house party

Five people died overnight in a stabbing rampage at a house party marking the end of university classes in the Canadian city of Calgary, media said on Tuesday. Police were reportedly called around 1:30 am to a home in a quiet suburban neighborhood where paramedics found three people dead. Two more died in hospital. Public broadcaster CBC said all of the victims -- four men and one woman -- were in their late teens or 20s.

Former MLA, alderman, Calgary mayoralty candidate Jon Lord dies

CALGARY - A former MLA and recent Calgary mayoralty candidate has died. Jon Lord, who was 57, had a heart attack at his home in Calgary on Tuesday night. Lord was a Progressive Conservative member of the Alberta legislature from 2001 to 2004. He served two terms as a Calgary alderman between 1995 and 2001, and ran for mayor in 2010 and in 2013. Lord finished second to incumbent Mayor Naheed Nenshi last October with 21 per cent of the vote.

Anthem Properties buys United Communities to grow in Alberta, move into U.S.

VANCOUVER - Anthem Properties has acquired a real estate developer that sells finished lots to home builders in Calgary, Edmonton and Sacramento, Calif. Anthem says the acquisition of Calgary-based United Communities increases its holdings in Alberta and gives it a foothold in the U.S. property development market. The deal was valued at $200 million, but few other financial details were disclosed Friday in the companies' joint announcement.

Gran Tierra Energy says Q4 net income down, but annual revenue hits record

CALGARY - Gran Tierra Energy Inc. (TSX:GTE) says it lost 12.4 million in net income in the fourth quarter, or four cents per diluted share. That‘s compared to a net gain of $42.2 million, or 15 cents per diluted share, in the same period a year earlier. For all of 2013, the Calgary-based company said its revenue grew 24 per cent to a record $723.6 million and net income increased 27 per cent to $126.3 million. The company credits increased production, partially offset by decreased average realized oil prices.

Alberta puts up money to flood-proof Calgary, High River schools

HIGH RIVER, Alta. - The Alberta government is providing up to $2.5 million each for eight schools in Calgary and High River to protect themselves against flooding. Education Minister Jeff Johnson says the money will be made available if a school can show it needs flood mitigation not covered by insurance. Such measures may include landscaping or site remediation, relocation of electrical equipment or flood-proof doors and windows. The flood-damaged schools eligible for the cash include Elbow Park, Rideau Park and St. Mary's in Calgary.

Agrium Q4 profit falls 72% to US$99M; revenue slumps to$2.87B on falling prices

CALGARY - Agrium Inc. (TSX:AGU) has reported a big drop in fourth-quarter net earnings as the fertilizer giant also reported a decline in revenue amid lower prices across all product lines in its wholesale division. The Calgary-based company reported after markets closed Thursday that net profit for the three months ended Dec. 31 was US$99 million or 66 cents per diluted share, down from US$354 million or $2.34 per diluted share in the same quarter a year ago. Sales revenue dropped $226 million, or seven per cent to US$2.867 billion from US$3.093 billion.

U of Calgary study finds welfare rates rise in Ontario and drop everywhere else

CALGARY - A University of Calgary study has found that the percentage of people using social assistance is lower than it was four decades ago in every province, except Ontario. Ron Kneebone and Katherine White of the School of Public Policy looked at social assistance data for people under the age of 65 from all of the provinces between 1969 and 2012. Kneebone said he was surprised to find the rate had fallen in every province but one.
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