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Prep-Business Report
(Canadian Press Broadcast Wire (Canada) Via Acquire Media NewsEdge) North American markets dropped amid fresh worries over the debt
woes in Cyprus.
The S-and-P T-S-X lost 79-points to 12-thousand 748.
The Dow Jones tumbled 90-points to 14-thousand 421.
The Nasdaq lost 32-points to 32-hundred and 23.
The Nikkei Index in Tokyo lost 297-points today to 12-thousand
339.
In Hong Kong, the Hang Seng Index lost 111-points today to
22-thousand 115.
And, the dollar is trading this morning at 97.46 cents U-S --
down 17-100ths of-a-cent from yesterday's close.
(BIZ-FedBudget-Flaherty)Finance Minister Jim Flaherty is wasting no time selling his eighth budget, which he tabled in the Commons yesterday afternoon.
Flaherty will talk about the budget this afternoon in a speech to the Vancouver Board of Trade.
It's a steady-as-she-goes document containing little new spending.
Flaherty predicts the deficit, currently at 26-billion dollars, will be trimmed to 19-billion for the fiscal year starting April 1st. (Canadian Press)
(BIZ-FedBudget-Securities Regulator)
Finance Minister Jim Flaherty suggests he's prepared to go it alone in setting up a national securities regulator.
Flaherty is asking the provinces to co-operate, but adds he's not prepared to wait forever.
The last time Ottawa tried to establish a national securities regulator, several provinces -- led by Alberta and Quebec -- fought to stop it.
They argue it's an intrusion into provincial jurisdiction. (Canadian Press)
(BIZ-BlackBerry)
This is the day the Z-10 touchscreen BlackBerry goes on sale in the United States.
It was six weeks ago that the smartphones were launched in Canada and some other countries.
BlackBerry says the keyboard version of its newest device won't be released in the U-S for another two or three months.
The Waterloo, Ontario-based company has a lot riding on the devices succeeding in the U-S, where Apple's iPhone is dominant. (Canadian Press)
(BIZ-Wind Mobile Sale)
Sources say Wind Mobile, a small Toronto-based wireless carrier, is being put up for sale by its Dutch-based parent.
Wind Mobile was launched in December of 2009 as part of a wave of new companies offering more cellphone competition.
Recently, it said it had 600-thousand subscribers with its network in Toronto and the rest of southern Ontario, as well as Ottawa, Calgary, Edmonton, and Vancouver. (Canadian Press)
(BIZ-Gaz Metro)
Gaz Metro is delaying plans for a 450-kilometre extension of natural gas pipelines to Quebec's north shore region.
The Montreal-based company says weak demand for iron ore will make it hard to reach long-term deals with major industrial clients in the region.
The proposed pipeline extension would serve such centres as Baie-Comeau, Port-Cartier, and Sept-Iles. (Canadian Press)
(Business Report by Bill Marshall)
(c) 2013 The Canadian Press
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