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Canadian markets news

Pace of rate hikes slower 'if the economy were to disappoint': Yellen
WASHINGTON -- The widening fallout from global economic woes may compel the U.S. Federal Reserve to slow the pace of future rate hikes, but it doesn't see any immediate need to reverse course and lower rates, Chair Janet Yellen told lawmakers ...
Yellen says Fed not likely to reverse course on rates despite risks  The Globe and Mail
US stocks move higher as Fed's Yellen signals caution  Ottawa Citizen
Winnipeg Free Press  
Scotiabank's head of global banking to depart
Mike Durland, the head of Bank of Nova Scotia's global banking and markets division, has become the latest in a long line of executives to depart the bank.
Scotiabank's Mike Durland to retire as Dieter Jentsch takes over as head ...  Financial Post
Pharmacare plans in Canada shifting burden onto patients
Oil hovers around US$28 per barrel ahead of markets open
TORONTO - The price of oil remains weak but slightly above a nearly 13-year low set on Tuesday after it dropped below US$28 a barrel.
Crude hovers around US$28 per barrel
At midday: TSX rises as financials recover
Canada's main stock index rose on Wednesday as financial stocks clawed back some losses from the start of the week, offsetting energy and mining stocks that slid as crude oil prices fell.
North American stocks bounce at the open
CANADA STOCKS-TSX rises as financials recover, but energy and mining stocks drag  Reuters
CAE posts 3Q profit of $43.2 million, result tops expectations
MONTREAL - MONTREAL (AP) _ CAE Inc. (CAE) on Wednesday reported fiscal third-quarter profit of $43.2 million. On a per-share basis, the Montreal-based company said it had net income of 16 cents.
CAE, Inc. (CAE) Stock Rating Lowered by Zacks Investment Research  Daily Political
CN details plan to invest $2.9B in track infrastructure, rail cars throughout 2016
MONTREAL—The Canadian National Railway Co. has announced plans to invest nearly $3 billion in its rails and rolling stock throughout 2016.
CN Rail outlines $2.9-billion spending plan for 2016, about half on track  The Daily Courier (subscription)
CN targeting C$2.9 billion in 2016 capital investments to raise network ...  Stockhouse
BP doesn't expect oil market to find balance until second half of 2016
BP is planning for oil prices to stay low for the first six months of the year and expects surplus production to only start diminishing when storage tanks fill up in the second half.
BP Predicts $100 Oil  MarketPulse (blog)
BP offers positive outlook driven by surge in demand  Financial Times
CPP fund makes 4.5% in most recent quarter
The Canada Pension Plan's main investment fund made a return of 4.5 per cent in the last three months of 2015, the CPP Investment Board said Wednesday.
CPP Fund delivers 4.5% return on investments in latest quarter  CTV News
CPPIB posts 4.5 per cent fourth-quarter return
Manufacturing struggling to rebound due to 'significant' obstacles, Liberal ...
Amid hopes that Canadian manufacturing will drive economic growth in a country reeling from low oil prices, internal federal documents warn the sector's rebirth is staring at "significant" structural obstacles.
Manufacturing's rebound faces 'significant' structural hurdles ...  Waterloo Record
Canadian dairy Agropur eyes further US acquisitions
WINNIPEG, Manitoba (Reuters) - Canada's second-biggest dairy, Agropur Cooperative, said it is looking to grow in the United States, possibly through acquisitions, in the face of an expected erosion of its market share at home due to recent ...
Agropur posts continued growth  Canada NewsWire (press release)
Rebates decrease again at Agropur  The Siver Times