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Keyword: strongloonie

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  • $620M for Quebec manufacturers hit by loonie rise

    11/24/2007 8:51:17 AM PST · by george76 · 20 replies · 103+ views
    CBC News ^ | November 23, 2007
    Quebec's Liberal government has announced a $620 million aid package for the province's bruised manufacturing sector. The measures, to be rolled out over the next five years, will help Quebec companies and businesses adjust to the Canadian dollar's unprecedented gains. Some $256 million of the money announced Friday in Montreal is new funding. The rest was previously included in Quebec's May 2007 budget. Premier Jean Charest said the measures will help companies adapt to the rapid rise in the Canadian dollar. "That the dollar rises so quickly is brutal for the Quebec economy," he said. The upside has been lower...