Headlines for the week of 20 December, 2007
Loonie inches back up to par
After a period of topsy turvey in the negative end, the Canadian Dollar is barely above par against the American greenback in recent trading. The loonie reached a record high of $1.10 US in November, and had dropped to as low as 98 cents before its recent rally.
Canwest Global takeover approved
Ottawa has approved the takeover of media giant Alliance Atlantis by Canwest Global Communications, in a deal worth $2.5-billion. The takeover involves a major investment by American investment firm Goldman Sachs. The original deal was modified to satisfy CRTC requirements.
US passport rule delayed
The use of Photo ID to enter the United States has been extended to June 2009, according to a bill passed on Thursday in Washington. The passport requirement was originally called for in the summer of 2008 for land and sea borders.
Passports are still mandatory when flying into or through the US.
The weather for York Region: The snow is expected to melt, but a fresh batch is on its way for Christmas Eve.
Temperatures from five to eight degrees Celsius on the weekend to minus one during Christmas Eve and Day.
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