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Canadian markets news

Stocks Decline on Fed Fears
Stocks declined and both Treasury-bond yields and the dollar rose sharply, all signs of market unease, after Mr. Bernanke repeated his May comments that the Fed this year could begin trimming the size of its monthly debt purchases.
Bonds, shares slump as Fed signals end to stimulus  Reuters Canada
Bernanke Sees Beginning of End for Fed's Record Easing  Bloomberg
Toronto Sun   Related articles »  
Stephen Poloz: Consumers have done their part, now it's up to businesses
BURLINGTON, Ont. -- Bank of Canada Governor Stephen Poloz says Canadian consumers did their part for the economy by borrowing the country through the worst recession since the Great Depression and now it is the turn of businesses to start spending.
Bank of Canada's Stephen Poloz looks to businesses to grow economy  Toronto Sun
Poloz urges Canadians hang tight as exports, business confidence rise  Globe and Mail
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Verizon eyes wireless entry as Ottawa aims to salvage competition
Verizon Communications Inc. is looking at a move into Canada's cellular telephone business, one of several possible new entrants whose arrival would salvage the federal government's ambitions for a fourth wireless player across the country.
Verizon Sizes Up Canadian Wireless Market  Wall Street Journal
Orascom withdraws bid for control of Wind Mobile  CBC.ca
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RBC raises forecast for Canadian economic growth
TORONTO - Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.
Sask. looking at 2.9% growth in 2013  Regina Leader-Post
RBC takes more optimistic view of Canadian economy, raises growth forecast  Victoria Times Colonist
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Imperial Oil converting Nova Scotia refinery to terminal operation
HALIFAX - The Imperial Oil refinery in Halifax is being converted into a terminal operation. The company says in a news release today that it couldn't find a buyer for the facility after searching for a year.
Imperial Oil to shutter Nova Scotia refinery  Globe and Mail
Imperial to close Nova Scotia refinery, convert it to terminal  Reuters
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Canadian Natural Considers Acquisitions Amid Market Slump
Canadian Natural Resources Ltd. (CNQ), the nation's third-largest oil and natural gas producer by market value, is evaluating acquisitions as a lack of export conduits and financing keeps industry share prices depressed.
Canadian Natural chairman says high costs hurt Canada oil sector  Reuters
Canadian Natural Resources poised for natural gas sales  Globe and Mail
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Couche-Tard seen as likely bidder for Hess' US convenience stores
MONTREAL - Convenience store operator Alimentation Couche-Tard is seen as a likely bidder to purchase retail assets from oil and gas giant Hess as it seeks to further boost its U.S.
Is Couche-Tard circling Hess' US retail network?  Globe and Mail
Alimentation Couche-Tard seen as likely bidder for Hess Corp. stores  Financial Post
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TransLink considers road pricing to generate $23 billion
TransLink is pitching regional road pricing as a means to generate up to $23 billion to maintain and upgrade Metro Vancouver's transit system over the next 30 years.
Be clear on road pricing, BC mayors urged  Globe and Mail
TransLink eyes spending $23b in next 30 years  The Province
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The case for taking down the viaducts 'keeps getting stronger:' Vancouver mayor
VANCOUVER -- The future of the viaducts at Georgia and Dunsmuir is once again up for debate at Vancouver city hall. But commuters and residents anxious to learn when or if the elevated roadways that lead in and out of the downtown core will come down ...
Vancouver to consider another report on future of Georgia and Dunsmuir viaducts  Straight.com
Vancouver entrenches in plans to tear down viaducts  MetroNews Canada
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Redford to promote energy industry, environmental performance in New York
Premier Alison Redford says she's prepared for "frank" talk in New York on Wednesday as she promotes Alberta's energy sector in the face of environmental black eyes for the province and uncertainty over the proposed Keystone XL oil pipeline.
Alberta's Redford takes pipeline pitch to Manhattan  Globe and Mail
Alberta Premier Redford stresses same values with US over Keystone XL pipeline  Montreal Gazette
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