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Headlines for the week of 20 December, 2007
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Loonie inches back up to par
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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.
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Canwest Global takeover approved
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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.
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US passport rule delayed
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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.
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Passports are still mandatory when flying into or through the US.
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Weather
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The weather for York Region: The snow is expected to melt, but a fresh
batch is on its way for Christmas Eve.
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Temperatures from five to eight
degrees Celsius on the weekend to minus one during Christmas Eve and Day.
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