Canada closes part of currency unit
A division of the Bank of Canada that manufactures optical security material used in the production of Canadian banknotes has been closed, the central bank said on Wednesday.
The central bank said it had signed a purchase agreement to sell all of its related assets from its optical security material division to Fortress Optical Features, a subsidiary of international supplier of security and specialty papers Fortress Paper. The central bank said it decided to sell its optical security material
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