As expected, the Bank of Canada maintained its overnight rate at a half per cent earlier this week.
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Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative and Wildrose parties will unite to challenge the NDP in 2019’s provincial election, a promising prospect for the local oil industry, hit hard by the global slump in oil prices and a massive C$10.3 billion ($7.57 billion) deficit. The political merger is the latest in a long series of industrial and political moves to put Canada back on the oil production map.
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Natural gas transmission pipelines received 569.6 million gigajoules of natural gas from fields, gathering systems and plants in March, a 5.8% increase compared to the same month in 2016. Seven provinces posted receipts, with Alberta (71.2%) and British Columbia (26.2%) holding the majority.
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OTTAWA, May 23, 2017 /CNW/ – As Canadian and foreign airlines expand their fleets and add direct connections to many destinations across the country, overnight visits are expected to increase by 3.7 per cent this year, according to The Conference Board of Canada’s latest Travel Markets Outlooks.
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