In the news today, Dec. 18
Six stories in the news for Tuesday, Dec. 18
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FEDS TO ANNOUNCE $1.6B BOOST FOR OIL PRODUCERS
Canada’s battered energy industry will get a $1.6-billion boost from Ottawa today to try to slow the political and economic bleeding. Natural Resources Minister Amarjeet Sohi and International Trade Diversification Minister Jim Carr will be at an Edmonton college campus to unveil a support package for oil and gas companies, which are reeling from record-low oil prices. The funds will be divided among several different programs, including money to help companies invest in clean growth, loans, and other financial supports to help companies find new markets away from the United States, as well as investments in training and new technology.