TSX hits seven-week low as Europe worries weigh

photoTORONTO (Reuters) – Toronto’s main stock index fell to a seven-week low on Thursday as resource-related issues slid after a meeting of European leaders failed to stem market fears about the euro zone debt crisis. Energy and materials were the main drags on the index, each falling nearly 1 percent, as oil and gas producers and gold miners were hit by fears of a slowdown in Europe. Enbridge Inc fell 2.8 percent to C$35.11 and Barrick Gold slumped 1.4 percent to C$49.55 to lead their respective sector’s losses. …

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Canadian M&As seen shrugging off market turbulence

TORONTO (Reuters) – Market turbulence won’t likely dissuade a wave of Canadian merger and acquisition activity in coming months as private equity funds deploy piles of cash for new investments and seek buyers for their mature assets. Strategic buyers might stimulate further dealmaking as boards and CEOs come under pressure to spend billions in capital saved since the 2008-09 economic crisis and face limited alternatives for organic growth. A lot of dealmaking could occur between the funds themselves, in what is known as sponsor-to-sponsor activity. …

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Loonie edges up from 7-week low in thin trade

TORONTO (Reuters) – The Canadian dollar ticked higher against the greenback on Thursday in holiday-thinned trade but didn’t stray far from the seven-week low it hit the day before on fears the euro zone crisis was spreading to Germany. A meeting of the leaders of Germany, France and Italy on Thursday failed to provide relief from the jolt that rattled the market on Wednesday when a weak German government bond auction fueled fears that even the safe-haven status of Europe’s biggest economy could be under threat. …

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Airbus attend une baisse des commandes en 2012

photoFRANCFORT (Reuters) – Airbus anticipe une baisse de ses prises de commandes en 2012 par rapport à 2011, année du succès de l’A320neo, annonce son président exécutif Thomas Enders. “Il n’y aura pas le même genre de feu d’artifice de prises de commandes en 2012 comme il y a eu cette année”, déclare Tom Enders au quotidien Börsen-Zeitung, dans un entretien publié jeudi. …

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