Canadian Budget for Feb. 29, 2012

(Bloomberg News moves a Canadian budget every weekday. Additions follow throughout the day as needed. All times are Eastern unless otherwise noted. Please check your queues for possible updates.)

Top Canadian Stories

CANADA-BUDGET-DATE -- Canadian Finance Minister Jim Flaherty said he will present a budget on March 29, adding that the fiscal plan will avoid drastic spending cuts. 300. Moved 15:30. By Theophilos Argitis.

BOMBARDIER-REGIONAL-JETS -- Bombardier Inc., which sold more small commercial planes in this year’s first two months than all of 2011, must step up the pace of orders even more to keep from cutting production a second straight year, analysts said. 1050. Moved 13:00. By Frederic Tomesco.

COGECO-GAINS -- Cogeco Cable Inc., the Canadian cable- television company, surged the most in two years after it agreed to sell its money-losing Portuguese unit. 450. Moved 13:15. By Matt Walcoff.

CLINTON-KEYSTONE -- TransCanada Corp.’s proposed $7 billion Keystone XL pipeline should be built using an alternate route around the environmentally sensitive Sand Hills of Nebraska, former President Bill Clinton said. 750. Moved 15:45. By Brian Wingfield and Kim Chipman.

PONZI-INDICT -- A Canadian man and California woman were indicted by a federal grand jury for running a $129 million Ponzi scheme selling fraudulent certificates of deposit to 1,200 people through banking entities they controlled. 450. Moved 13:00. By Karen Gullo.

Canadian Markets and Economy

CANADA-STOCKS -- Canadian stocks fell, paring a second- straight monthly gain, as gold-mining companies dropped after Federal Reserve Chairman Ben S. Bernanke damped speculation of more quantitative easing. By Matt Walcoff.

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-0- Feb/29/2012 22:08 GMT