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  • CALGARY, Alberta, Feb 4- Canada will not rush to lift sanctions against Iran, despite calls to scrap the measures quickly so Canadian companies can compete for contracts, Prime Minister Justin Trudeau said on Thursday. "We're going to be very careful and thoughtful, working and coordinating with our allies in the way that we move to reengage and lift sanctions with...

  • TORONTO, Feb 4- Amid fears of a bubble in condominium prices in Canada's largest cities, developers say they are shifting from building condos to high-rise rental apartments, as institutional investors look for assets with steady cash flow. The result is, not only more rental units on offer in cities like Vancouver and Toronto, but a slowdown in the supply of new...

  • ULAN BATOR, Feb 4- Canada's Centerra Gold Inc has received the go-ahead from lawmakers in Mongolia to mine the Gatsuurt deposit after a five-year delay, as that resource-rich country looks to bolster its economic activity and gold reserves. Mongolia's once-booming economy has taken a steep slide, with the Asian Development Bank estimating 2015 growth at less...

  • BCE tops Street 4Q forecasts Thursday, 4 Feb 2016 | 9:42 AM ET

    VERDUN, Quebec _ BCE Inc. on Thursday reported fourth-quarter profit of $371.7 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Three analysts surveyed by Zacks expected $3.95 billion.

  • Resolute Forest Products posts 4Q loss Thursday, 4 Feb 2016 | 7:57 AM ET

    MONTREAL _ Resolute Forest Products Inc. on Thursday reported a loss of $214 million in its fourth quarter. The Montreal- based company said it had a loss of $2.39 per share. Resolute Forest Products shares have decreased 29 percent since the beginning of the year.

  • Wi-Lan posts 4Q profit Thursday, 4 Feb 2016 | 7:01 AM ET

    OTTAWA, Ontario _ Wi-Lan Inc. on Thursday reported fourth-quarter net income of $3 million. On a per-share basis, the Ottawa, Ontario- based company said it had net income of 2 cents. For the year, the company reported profit of $10 million, or 8 cents per share.

  • *Airlines set for battle to serve Iran market. PARIS/ DUBAI, Feb 4- An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers. By ordering dozens of long-distance European jets last month after the lifting of sanctions, Iran is positioning Tehran...

  • CALGARY, Feb 3- Canada is committed to fast-tracking infrastructure investments in the province of Alberta that is reeling from the global slump in energy prices, Canadian Prime Minister Justin Trudeau said on Wednesday. Canada stands ready to provide up to C $250 million to the province in the form of advance fiscal stabilization payments, said Trudeau, who...

  • CALGARY, Alberta, Feb 3- Suncor Energy Inc, Canada's largest oil and gas company, reported a fourth-quarter operating loss and cut 2016 capital spending plans on Wednesday because of the collapse in global crude prices. The Calgary- based company's operating loss was C $26 million, or 2 Canadian cents a share, versus operating earnings of C $386 million, or 27...

  • CALGARY, Feb 3- Canada is committed to fast tracking infrastructure investments in the province of Alberta that is reeling from the global slump in energy prices, Canadian Prime Minister Justin Trudeau said on Wednesday.

  • ATLANTA— Kik Messenger, a smartphone app popular among younger teens, is on the defensive following the stabbing death of a 13- year-old girl in Virginia who told friends she was using Kik to connect with an 18- year-old man. Kik made an updated guide for parents available on its website following the arrests of two Virginia Tech students in the slaying of Nicole...

  • MONTREAL, Feb 3- Canadian plane and train maker Bombardier Inc, whose stock has hit its lowest level in 25 years, will soon announce plans for a reverse stock split, two sources familiar with the matter said, in order to remain a part of Canada's benchmark stock index. Bombardier stock has declined more than 33 percent year to date, trading at 89 Canadian cents in...

  • *Lowe's to pay C $24/ shr per common share, C $20 for prefs. Feb 3- U.S. home improvement retailer Lowe's Cos Inc agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, winning over Rona's board with a far higher offer than its previous unsolicited bid more than three years ago that was opposed by the company and politicians in Quebec. North Carolina- based...

  • Feb 3- U.S. home improvement retailer Lowe's Companies Inc said it agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, after its previous bid ran into opposition from the company, dealers and politicians in Quebec. Only 40 of Lowe's 1,850 stores in North America were located in Canada as of March. Rona has 700 stores across Canada, according to its...

  • NEW YORK— Lowe's is expanding its footprint in Canada with a $2.3 billion acquisition of the home improvement retailer Rona. Chairman and CEO Robert Niblock said in a written statement Wednesday that the acquisition gives Lowe's exposure in Quebec, a province of more than 8 million people, where Lowe's currently has no presence. Lowe's has had limited...

  • Lowe's Canada and Rona will create a retailer with 2015 pro-forma revenue of about C $5.6 billion, Lowe's said on Wednesday. Lowe's said the deal, which will add to its earnings in the first year after the deal closes, would help increase revenue and operating profitability in Canada by more than C $1 billion. Only 40 of Lowe's 1,850 stores in North America were...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • TORONTO, Feb 2- Canada's main stock index fell on Tuesday, with financial and energy stocks weighing as crude oil prices dropped on renewed concern about oversupply. "We're still captive to the oil markets," said Ian Nakamoto, director of research at MacDougall, MacDougall& MacTier. The most influential movers on the index included its biggest bank by market...

  • Shares of the world's largest publicly traded oil company fell as much as 3.6 percent on the New York Stock Exchange as the price of crude slid 4.2 percent. "We have built this business to ensure that it is durable in a low price environment," Jeff Woodbury, Exxon's head of investor relations, told analysts on a conference call. Oil analyst Brian Youngberg at Edward...

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."