Cascades Drops Most in a Year on Spending, Drag From Weak Loonie

  • Paper-packaging maker projects C$185 million in 2016 spending
  • U.S. expansion efforts will constrain cash flow: CIBC analyst

Cascades Inc. headed for the biggest tumble since March 2015 after the Canadian paper-products company forecast a drag this year from foreign-exchange effects and higher capital spending as it expands its box-making operations.

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