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Canadian markets news

Canadian dollar declines as TD cuts forecast, traders look to Fed rate meeting
TORONTO - The Canadian dollar closed lower Monday as TD Bank lowered its expectations for economic growth and traders weighted the chances of the Bank of Canada cutting rates further.
Loonie to hit 75 cents US in 2016 as Bank of Canada hikes key rate, TD forecasts  Business in Vancouver
CANADA STOCKS-TSX ends higher after Greek elections  Reuters
Financial Post  
CPPIB chief urges more global approach
Canadian businesses are failing to tap into the expertise that resides in the country's massive multicultural population, the head of the Canada Pension Plan Investment Board says.
CPPIB chief Mark Wiseman urges Canadian businesses to think global  Financial Post
Canada should look overseas for growth amid falling oil prices: CPPIB CEO  The Daily Courier (subscription)
Japanese fashion retailer Uniqlo to open first two Canadian locations in Toronto
Akio Kon/BloombergKnown for selling high-quality basics in cashmere and denim at affordable prices, Uniqlo said Monday that it will open a 24,000 square foot store in the city's Yorkdale Shopping Centre and a 28,000 square foot location at the Toronto ...
Japanese retailers bullish on Canada, as Target flees
Uniqlo coming to Canada in fall 2016  Full-Time Whistle
Why it's going to at least feel like a recession in Alberta this year
Whether or not Alberta sinks into an official recession this year, it's certainly going to feel that way, a new forecast from Toronto-Dominion Bank suggests.
Alberta's economic growth forecast to go from first to near worst  Calgary Herald
S&P Cuts Russia's Rating to Junk; Sanctions and Oil Slump Hammer Ruble
Russia's foreign-currency credit rating was cut to junk by Standard & Poor's, putting it below investment grade for the first time in a decade, as policy makers struggle to boost growth amid international sanctions and a drop in oil prices.
Russia Rating Slips to Junk, and the Ruble Takes a Beating  Wall Street Journal
S&P Junking of Russia Rating 'Meaningless, Inaccurate'  Sputnik International
Banks Reach Settlement Over Sino-Forest Stock Sale
TORONTO´┐ŻA group of Canadian and other investments banks agreed to pay a total of 32.5 million Canadian dollars ($26.1 million) to settle claims related to their role as underwriters to help Sino-Forest Corp.
Banks to pay $32.5 million settlement in Sino-Forest lawsuit by investors  Financial Post
Big banks to pay $32.5 million to settle Sino-Forest lawsuit by investors
Sharp drop in mineral exploration hits BC
British Columbia's mine prospectors are feeling the bite of an overall industry downturn with a big drop in spending on mineral exploration, the province revealed Monday at a major industry conference.
Clark promises more funding for BC mine approvals  The Globe and Mail
Premier announces new funding to support mining in BC  The Nelson Daily
Vancouver park board replaces maple trees destroyed by vandalism
The Vancouver park board has a message for the vandals who chopped down a row of young maple trees in the middle of the night in early January: it will not let ´┐Żan act of this kind of vandalism stand in our city.
Park board replaces trees chopped down by vandal  CTV News
Park Board replants 17 vandalized maple trees  24 Hours Vancouver
Railways, City of Saskatoon combine forces to battle traffic problems
There may be hope on the horizon for frustrated motorists tired of being blocked by long, slow freight trains. Saskatoon City Council has voted to create a new committee with railway companies CN and CP Rail.
Council opts to strike rail committee  Saskatoon StarPhoenix
Port Mann may roll out loyalty program to boost bridge traffic
CTV News has learned the crown agency that operates the Port Mann Bridge will be dangling some incentives for Metro Vancouver drivers in a bid to increase traffic.
ICBC not renewing licences or registrations until outstanding fees are paid  News1130
ICBC Says Pay Your Fines if You Want Renewed Insurance  KelownaNow