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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Oct 30, 2002
Page
18
Canola prices rise 4 to 10 dollars across several months with most contracts finishing higher from November 02 to January 04. Flax gains of 4 dollars at front months while barley futures show modest rises in December 02 through July 03 with a dip later. Wheat and malting barley notes appear with multiple values from Thunder Bay listings.
The Canadian Centre for Policy Alternatives says Canada will post a surplus of over seven billion this year and more than seventeen billion in 2003 04 unless spending rises or taxes fall The report urges more funding for health care environment child care infrastructure housing and poverty reduction and notes the need for potential tax increases in the long term Finance Minister Manley warned of tough choices and departmental spending trims as he prepares an economic update.
David Stewart-Patterson of the Canadian Council of Chief Executives says Canada should consolidate its overlapping federal and provincial business rules. He notes a maze of provincial securities commissions and federal regulations creates redundancy for filings and burdens companies.
Nasdaq Canada plans, dubbed Nasdaq North, are on indefinite hold two years after incentives lured Nasdaq to Montreal. Phase I offers nine Quebec dealers direct Nasdaq trading. Phase II would add a standalone Canadian market and cross border listings. Market downturn and stalled timing push the project into limbo.
TransAlta Corp will pay 37 million to acquire Vision Quest Windelectric Inc adding to a 50 million total investment and assuming 32 million of debt. Vision Quest operates 67 wind turbines with 44 MW capacity supplying over 20 000 Canadian homes. TransAlta is Canada’s largest non regulated generator with 9 000 MW capacity and more than 7 billion in assets.
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