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Financial News

Commercial Paper Investors Recoup Losses a Year After Swap: Canada Credit New Gold Inc., Acceleware Corp. and other companies once saddled with insolvent commercial paper in Canada are recouping as much as 60 percent of their investments a year after a C$32 billion ($30 billion) debt swap.

Agrium Profit Tops Analysts' Estimates Amid Demand `Recovery' for Potash Agrium Inc., the fertilizer producer seeking to take over CF Industries Holdings Inc., posted fourth- quarter profit that topped analysts’ estimates as demand for potash rebounded.

Canada's Dollar Appreciates as Appetite for Risk Lifts Stocks, Crude Oil Canada’s dollar rose versus its U.S. counterpart as revived appetite for higher-yielding assets boosted stocks and commodities.

Global Stocks, Euro, Commodities Rally on Speculation Greece to Get EU Aid Stocks rallied, with emerging-market equities recovering from the worst three-day slide in a year, and the euro and commodities gained as European officials said they were considering financial assistance for Greece. Treasuries tumbled, while Greek bonds surged.

Canadian Stocks Gain as U.S. Dollar Declines, Boosting Commodity Prices Canadian stocks rose, led by commodity companies, as gold, copper and oil prices rallied after European Union officials stepped closer to helping Greece address its budget deficit.

UBS Says Withdrawals by Clients Increased Even as Bank Returned to Profit Connecticut Attorney General Richard Blumenthal said the U.S. Senate must create a Consumer Financial Protection Agency to prevent recurrence of banking-industry excesses that pushed the economy to the brink of collapse.

Reliance Bids $2 Billion for 65% of Value Creation of Calgary, CNBC Says Reliance Industries Ltd. has bid $2 billion to acquire 65 percent of Value Creation Inc., a Canada- based company with oil-sands assets, CNBC television reported, without saying where it got the information.

Bombardier to Sell $1 Billion of Debt to Secure Funding as Spreads Widen Bombardier Inc., the world’s third- largest commercial airplane maker, plans to sell debt as companies pay a premium to secure funding in anticipation of even wider spreads.

Oil, Copper, Sugar Are Top Commodity Picks, Morgan Stanley's Allidina Says Copper, crude oil and sugar are the top picks among commodities, with the three set to gain on increasing emerging-market demand and supply constraints as the global economy recovers, according to Morgan Stanley.

General News

Calculating Death Risk Makes Swedish Insurance Actuary a Gold-Medal Curler Olympic curler Anette Norberg says weighing the risk of death and disease for Folksam Group gives her an advantage that may result in her second gold medal at the Winter Games this month.

Gates Shores Up U.S. Allies Engaged in Afghan War, Urges Pressure on Iran Defense Secretary Robert Gates returns to Washington today after a weeklong Europe tour spent shoring up coalition support for Afghanistan and calling for sustained pressure on Iran to curtail its nuclear ambitions.



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