Deal adds to flurry of spending by Chinese state-owned firms.
S&P/TSX composite index slipped 12.81 points to 12,049.7, Canadian dollar up .08 of a cent
Includes laying 10,000-kilometres of train tracks, building or widening 7,500-kilometres of highway
The world needs another hero as China’s growth over three months ending in June marked its slowest since early 2009.
Exports from the Asian country expected to fall by 7.7 per cent next year
Canadian National Railway is forecasting increasing demand for Canadian and U.S. commodities from emerging economies will drive growth in 2011.
The time has come for governments to start paying their bills and the Conference Board of Canada says for the global economic recovery to be sustainable, governments must strike a balance between managing this debt and maintaining some fiscal stimulus.…