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Title
Section 2: Economic events.
Abstract
The article offers business news briefs of Canada. The Bank of Canada has raised the overnight rate by one-quarter of a percentage point to 1%, which is the third hike since May 2010. Chinese state-owned Xinxing Pipes Group has agreed to invest up to one billion dollars into Advanced Explorations iron ore mining project in Nunavut. Enbridge Inc. has announced that it will invest 185 million dollars to expand its Athabasca oilsands pipeline.