Canada backs down on China deal
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China’s refiners, all but cut off from Venezuelan crude in the past week as the US positions itself for access to the world’s largest oil reserves, are eying a pricier alternative source — Canada.
(Bloomberg) -- Canada Post Corp. and its main union reached “agreements in principle,” raising hopes that weeks of rotating strikes that disrupted mail and parcel deliveries nationwide could finally come to an end ahead of the holiday season.