Quebec News
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The Canadian dollar posted its biggest loss in a year against its U.S. peer as the nation’s annual inflation rate fell in April to its slowest in more than three years, bolstering the case for relaxing monetary policy.
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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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Telus Corp.’s purchase of mobile- phone provider Mobilicity and the potential sale of another new entrant, Wind Mobile, is casting doubt on Canada’s ability to increase competition in the wireless market.
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Canada registered a 5.2 magnitude earthquake in southwestern Quebec today that swayed buildings 420 kilometers (261 miles) away in Toronto.
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Alcoa Inc., the largest U.S. aluminum producer, is shutting two production lines in Canada and postponing construction of a new line at the plant until 2019 as the metal’s price falls.
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Canada Pension Plan Investment Board, the country’s second-largest public pension manager, posted a return of 10 percent in the fiscal year after it boosted exposure to international markets.
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Quebec Environment Minister Yves- Francois Blanchet introduced legislation that would ban hydraulic fracturing, drilling and testing for natural gas in the St. Lawrence River valley for as long as five years.
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Canadian stocks fell as banks and raw-material shares slumped after the price of gold dropped below $1,400 on disappointing U.S. manufacturing data.
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Intertape Polymer Group Inc., a maker of packing tape and shrink wrap, advanced to its highest price in more than seven years after reporting an increase in adjusted first-quarter earnings.
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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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