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Global Markets: President Trump to announce infrastructure plan

By Commodity News Service Canada
WINNIPEG, Feb. 12, 2018 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Restaurant Brands International Inc. reported a better-
than-expected profit for its fourth quarter as revenue was
boosted by the acquisition of Popeyes and system-wide sales
growth. The parent company of Tim Hortons, Burger King and
Popeyes, said it earned US$395 million in the fourth quarter
compared to US$118.4 million in the same quarter last year.
United States President Donald Trump is set to unveil his

long-awaited infrastructure plan, a US$1.5 trillion proposal
which will fulfill a number of campaign goals. The plan however
heavily relies on state and local governments to produce most of
the funding. The plan is centred on using US$200 billion in
federal money to leverage local and state tax dollars to fix
roads, highways, ports and airports.
Rupert Murdoch’s Twenty-First Century Fox has said it will
commit to maintain Sky News in Britain for at least five years
and will establish an independent board for the channel to try
and secure its takeover of the channel. Last month Britain’s
competition regulator said Fox’s US$15.7 billion deal to buy the
61 per cent of Sky it doesn’t already own should be blocked
unless a way is found to prevent Murdoch from influencing Sky’s
news output.

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