SNC-Lavalin awarded C$1.9 billion contract

By Dave Sims, Commodity News Service Canada

WINNIPEG, June 7 (CNS) – A Canadian company has been
selected to design and build a chemical plant in Oman to the
tune of C$1.9 billion. Montreal-based SNC-Lavalin Group Inc. is
an engineering and construction company that does business in
North America and throughout the world. According to a news
release the chemical plant will be used to make plastic pipes
and caustic soda.
Canadian discount chain Dollarama is reporting lower-than-
expected quarterly revenue. The company said sales rose 2.6 per
cent in the latest quarter, well below analysts’ estimates.
Officials with the company cite poor weather in April as one of
the reasons for the shortfall.
One of Quebec’s biggest energy companies saw its stock
plunge after the province lowered the boom on hydrocarbon
regulations. Shares of Questerre Energy fell nearly a third on
the TSX after the move was made. The Quebec government announced
yesterday it was cracking down on fracking and drilling
operations near provincial waterways.

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