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The winter that won't die prompts crashes, snowfall warnings across Prairies

FORT MCMURRAY, Alta. - The winter that wouldn't die continues to plague the Prairies. Snowfall advisories were issued Friday in Saskatchewan and Manitoba, while in northern Alberta heavy snow and poor road conditions were considered factors in a multi-vehicle crash on Highway 63, the main road to the oilsands town of Fort McMurray. No one suffered life-threatening injuries in the pileup but RCMP said several people had been taken to hospital. That, combined with collisions on other roads in the area, prompted RCMP to warn against travelling on the highways in the area.

Trudeau rejects attack he can't connect, paints 'lucky' upbringing as strength

VANCOUVER - Liberal Leader Justin Trudeau is positioning his affluent upbringing as a selling point after partisan shots this week that his early home life means he just can't connect with most Canadians. "I was lucky in my life," he told reporters Friday after a speech to a Vancouver business crowd. "But I believe from the way I was raised that it is important to do what one can to serve one's community and give back." New Democrat Leader Tom Mulcair aimed squarely at Trudeau's personal life Sunday while rallying party faithful in Ottawa ahead of the next election.

Most actively traded companies on the TSX, TSX Venture Exchange

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (14,257.69 down 50.31 points): Osisko Mining Corp. (TSX:OSK). Miner. Down four cents, or 0.53 per cent, to $7.54 on 14.2 million shares. Fortis Inc. (TSX:FTS.IR). Utilities. Down nine cents, or 0.25 per cent, to $35.60 on 6.1 million shares. Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Up five cents, or 2.15 per cent, to $2.38 on 5.2 million shares.

New Brunswick government faces more calls to change abortion regulations

FREDERICTON - The president of the U.S.-based National Abortion Federation says the New Brunswick government should change its regulations on abortion after the Morgentaler Clinic in Fredericton announced plans to close this summer. Vicki Saporta said restrictions on access to the procedure in New Brunswick rival other jurisdictions in North America. "Even as restrictive as some states in the United States are becoming, New Brunswick is still more restrictive," she said Friday from Washington, D.C.

Canadian dollar drops following string of gains amid weak China trade data

The Canadian dollar closed lower Wednesday, losing some ground after a strong rally amid weak Chinese trade data. The loonie declined 0.48 of a cent to 91.5 cents US, amid data showing that China’s exports fell 6.6 per cent from a year earlier, well below analysts’ expectations of single-digit growth. Imports contracted by 11.3 per cent. In a speech Thursday, China's Premier Li Keqiang said the foundation for growth is “not strong” and the economy still faces “downward pressure.” But he ruled out additional short-term stimulus.

Abortion issue arises in New Brunswick with Morgentaler Clinic closure

FREDERICTON - The contentious issue of abortion in New Brunswick arose Thursday after the Morgentaler Clinic in Fredericton said it will close at the end of July, a decision the facility's manager said was the result of the province's refusal to fund the procedure at clinics. Simone Leibovitch said the clinic, which has been in operation for 20 years, has been providing abortions even though it has lost about $100,000 over the last decade.

National Bank says Quebec must restore 'climate of trust' to boost growth

Quebec's new Liberal government must immediately restore a "climate of trust" to reverse two years of lagging confidence that has hurt the province's economic growth, National Bank's CEO said Thursday. "Just restoring a better climate for investment could increase growth by 0.5 per cent on a yearly basis and you don't have to cut taxes or spending," Louis Vachon said in Calgary after the bank's annual meeting. It was the 154-year old bank's first annual meeting held in Western Canada and the second to be held outside of Quebec.

Most actively traded companies on the TSX, TSX Venture Exchange

TORONTO - Some of the most active companies traded Thursday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (14,308.00 down 127.58 points):

Business leaders remember Flaherty for his rare determination, balanced approach

TORONTO - Former federal finance minister Jim Flaherty was remembered by the business community for his steady hand and determination through the recent financial crisis. "He was a source of strength and financial leadership for the country during what was probably the most challenging economic period since the Great Depression," said Gord Nixon, the head of Royal Bank of Canada (TSX:RY). "(Flaherty) provided great global leadership. I think he would be recognized by his peers as not just a source of strength to Canada, but a leading voice."

Long Run Exploration buys Cardium assets for $225M from unnamed vendor

CALGARY - Long Run Exploration Ltd. (TSX:LRE) has an agreement to acquire strategic liquids-rich natural gas assets focused on the Cardium in the Deep Basin area of Alberta for $225 million. Long Run said Wednesday that the deal with a company it identified only as an Alberta-based intermediate oil and gas producer, will add approximately 7,000 barrels of oil equivalent per day — 25 per cent oil and NGLs — of concentrated, long-life liquids-rich natural gas production.
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