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Canexus Provides Positive Outlook for 2013; Stocks Up 1%

Canexus Corporation (CUS.TO) announced its financial, operations and market outlook for 2013.

The company said that in 2013, cash operating profit should increase to between $155 million and $165 million, resulting in distributable cash of $100 million to $110 million, for a payout ratio of 65% to 75%.

Gary Kubera, CEO, said: "Canexus is well positioned to achieve a third consecutive year of record financial and operational performance in 2013."

CUS went up by 1% to $8.15, trading near year high $8.67. Over 234,000 CUS shares have changed hands.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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