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Business Canada

  • *SHANGHAI COPPER: Shanghai Futures Exchange copper rose 0.6 percent to 47,180 yuan a tonne. Zinc premiums fell $10 to $105- $115, the lowest since August 2015, while Shanghai copper premiums have fallen to around $45, traders and analysts said, the lowest in around a year. *SHANGHAI STOCKS: Shanghai bonded copper stocks are about 620,000 tonnes, according to CRU, up...

  • *SHANGHAI COPPER: Shanghai Futures Exchange copper rose 0.6 percent to 47,150 yuan a tonne. *PERU: A railway used by copper, zinc and silver mines to transport their concentrates from Peru's central Andes to port is likely be out of action for at least two to three weeks following "important" damage from floods and mudslides, the transportation minister said on...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • CALGARY, Alberta, March 22- The oil-rich Canadian province of Alberta has obtained federal aid to help clean up the rising number of oil wells whose owners have gone bankrupt, the province's premier said after the release of the federal budget on Wednesday. The budget allocated C $30 million to Alberta to stimulate economic activity and employment in the...

  • *Canadian dollar at C $1.3334 or 75.00 U.S. cents. Canada's Liberal government's budget contained few surprises, in line with expectations that Ottawa wants to wait to see what impact U.S. trading at C $1.3334 to the greenback, or 75.00 U.S. cents, little changed from the Bank of Canada's official close of C $1.3327, or 75.03 U.S. cents.

  • OTTAWA, March 22- Although Canadian Prime Minister Justin Trudeau abandoned a debt-cutting pledge in a budget on Wednesday, the cautious nature of the document and an unsteady opposition means he is unlikely to suffer much damage, say analysts and insiders. "I don't think there's much for the opposition to grab on to... if the Liberals had created either a bigger...

  • *Canadian dollar at C $1.3334 or 75.00 U.S. cents. Canada's Liberal government's budget contained few surprises, in line with expectations that Ottawa wants to wait to see what impact U.S. trading at C $1.3334 to the greenback, or 75.00 U.S. cents, stronger than the Bank of Canada's official close of C $1.3327, or 75.03 U.S. cents.

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • OTTAWA, March 22- Canada plans to have its infrastructure bank, a key initiative set up to facilitate private financing for infrastructure projects, open for business by the end of the year, Finance Minister Bill Morneau said in his federal budget on Wednesday. However, Morneau's budget contained few other new details on the new agency, which the Liberal...

  • TORONTO _ Franco-Nevada Corp. on Wednesday reported a loss of $4.5 million in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Franco-Nevada shares have climbed slightly more than 7 percent since the beginning of the year.

  • OTTAWA, March 22- Canada's Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook. Finance Minister Bill Morneau's second budget contained few surprises, in line with...

  • *Bonds gain as concerns about Washington gridlock grow. NEW YORK, March 22- U.S. shares recovered from five-week lows on Wednesday following a downturn on concerns over potential delays to President Donald Trump's pro-growth policies, while European shares ended lower and safe-haven gold, U.S. S&P 500 stock index notched its first gain in five sessions after...

  • CANADIAN PROVINCE OF SASKATCHEWAN FORECASTS C $685 MILLION DEFICIT FOR 2017/ 18 VS C $1.3 BILLION DEFICIT 2016/ 17.

  • WINNIPEG, Manitoba, March 22- The western Canadian province of Saskatchewan forecast on Wednesday a much smaller, C $685 million deficit for the next fiscal year, 2017/ 18, as resource revenues look to rise and it boosts the provincial sales tax. Premier Brad Wall's right-leaning Sask Party government plans to spend C $14.8 billion, down 1.2 percent year over year,...

  • SASKATCHEWAN TO RAISE PROVINCIAL SALES TAX TO 6 PCT FROM 5 PCT AND APPLY IT TO MORE ITEMS-GOV'T.

  • March 22- Canada's main stock index rose on Wednesday, with gains in energy, industrials and materials groups offsetting losses from financials.

  • March 22- No meetings are planned between management and striking workers at Noranda Income Fund's zinc refinery in Quebec, the second biggest in North America, a union official said on Wednesday, as the work stoppage dragged through a sixth week. The two sides last met, along with a mediator, on March 3 but failed to break an impasse over proposed changes to the...

  • CALGARY, Alberta, March 22- Canada's Enbridge Inc said on Wednesday it would cut about 1,000 positions, or 6 percent of its work force, after buying Spectra Energy Corp of Houston, the first layoffs for the combined energy infrastructure company, the biggest in North America. The takeover announced last year, the most significant energy deal since oil and natural...

  • WASHINGTON— President Donald Trump is taking credit for persuading TransCanada Corp. to withdraw a hefty lawsuit against the U.S. government over the previous administration's rejection of the Keystone XL pipeline. TRUMP: The president said he talked Tuesday morning with his chief economic adviser, Gary Cohn, and asked him about the TransCanada dispute.