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A new report raises concerns about the number of lingering low-productivity firms in Canada.

'Zombie firms' won't die

A new report raises concerns about the number of lingering low-productivity firms in Canada.
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Major markets up

Major North American indices made small gains ahead of today's Federal Reserve meeting where it's expected the Fed will raise its benchmark interest rate.

The Toronto Stock Exchange's S&P/TSX composite index was up 12.74 points to 16,301.72, after 90 minutes of trading.

In New York, the Dow Jones industrial average was up 7.99 points to 25,328.72. The S&P 500 index was up 2.62 points to 2,789.47 and the Nasdaq composite index was up 27.72 points to 7,731.51.

The Canadian dollar was trading at 77.06 cents US, up from Tuesday's average value of 76.90 cents US.

The July crude contract was up 11 cents to US$66.47 per barrel and the July natural gas contract was up four cents to US$2.98 per mmBTU.

The August gold contract was up 90 cents to US$1300.30 an ounce and the July copper contract was down one cent to US$3.26 a pound.



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