Quebec City News
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Updated 2 hours, 49 minutes ago
The Canadian dollar declined to a two-month low versus its U.S. counterpart after the rate of inflation slowed in April to the least in more than three years, bolstering the case for relaxing monetary policy.
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U.S. oil exports are poised to reach the highest level in 28 years as deliveries to Canada more than triple, helping bring down the price of the global benchmark Brent crude relative to U.S. grades.
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The following is a selection of the most important news affecting the oil market.
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Finance Minister Jim Flaherty says he will soon name a replacement for Bank of Canada Governor Mark Carney, leaving the new candidate with no more than about a month to prepare for the job.
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Canada’s dollar weakened the most in almost two months against its U.S. counterpart as falling commodities and slower inflation stoked bets the world’s 11th- largest economy is faltering.
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A small plane crashed shortly after takeoff from the Quebec City airport today, killing all seven people on board, a spokeswoman for the airport said.
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Quebec Finance Minister Nicolas Marceau today affirmed his earlier forecast that the province will post a C$1.5 billion ($1.5 billion) deficit in the fiscal year that ends March 31 and balance its books in fiscal 2014.
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MacDonald Dettwiler & Associates Ltd., the top technology stock in Canada over the past year, has more room to rise as it taps the U.S. government satellite market through its Space Systems/Loral acquisition.
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David Graeber likes to say that he had three goals for the year: promote his book, learn to drive, and launch a worldwide revolution. The first is going well, the second has proven challenging, and the third is looking up.
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Montreal police arrested 122 people overnight after demonstrators took to the streets and smashed shop windows to protest the Quebec government’s decision to suspend classes and draft legislation aimed at defusing a three- month dispute over tuition fees.
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