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  • OTTAWA, July 6- The "very weak" budgetary performance and "very high" debt burden of the Canadian province of Ontario has forced a downgrade of its long-term debt, Standard& Poor's said on Monday. S&P credit analysts Daniela Brandazza and Mario Angastiniotis said the Ontario economy was wealthy and the government had strong financial management and a predictable...

  • Its largest utility, Green Mountain Power, gets 9 percent of its mix from Seabrook, company spokeswoman Kristin Carlson said. But Vermont takes about a third of its power from the huge dams on the rivers of northern Quebec. All of it raises a question: Is greener-than-thou Vermont just exporting its energy problems?

  • Keurig Kold, which will make everything from craft sodas to iced teas, is expected to launch in the fall, entering a space dominated by home-brewed cold drinks market leader SodaStream International Ltd.. SodaStream, the once fast-growing Israeli company whose investors have been watching the Keurig machine's introduction with trepidation, has seen its own...

  • TORONTO, July 3- An Ontario court on Friday rejected the city of Toronto's request for an injunction to halt Uber's operations in Canada's largest city. "We are pleased with today's ruling, which confirms that ridesharing is a new business model, distinct from traditional taxi services," Ian Black, general manager for Uber Canada, said in a statement.

  • TORONTO, July 3- A sudden labor disruption by workers that refuel planes at Toronto's main airport caused flight delays and cancellations on Friday, said the union that represents the workers, as the city prepared for the start of the Pan American Games on July 10. Some 250 employees of Consolidated Aviation Fueling are set to lose their jobs in the autumn as Air...

  • Labor dispute disrupts flights at Toronto airport Friday, 3 Jul 2015 | 8:28 AM ET

    TORONTO, July 3- A sudden labor disruption by workers that refuel planes at Toronto's main airport caused flight delays and cancellations on Friday, the airport said in a short notice posted online.

  • TORONTO, July 2- A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles the top seller, according to data released on Thursday. "Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote...

  • TORONTO, July 2- General Motors, Fiat Chrysler Automobiles and Toyota posted higher Canadian sales for June on Thursday, bolstered by healthy demand for their pickup trucks, but Ford's pickup sales fell, hurting its monthly results. Fiat Chrysler said its sales in Canada notched a 1 percent rise to 27,217 vehicles as Dodge and Chrysler minivan sales rose 14...

  • TORONTO, July 2- June auto sales in Canada grew for both General Motors Canada and Fiat Chrysler Automobiles Canada, bolstered by healthy demand for pickup trucks, the companies said on Thursday. GM Canada said a 15 percent lift in June sales came from gains across its Chevrolet, Buick, GMC and Cadillac brands. Total sales for Cadillac and Chevrolet brands rose 13...

  • A bomb threat believed to be a hoax Wednesday night prompted WestJet to divert a Vancouver- to- Toronto flight to Calgary. A flight on Tuesday from Toronto landed at Saskatoon following a threat. A flight from Edmonton to Toronto was diverted to Winnipeg on Monday because of an unspecified threat.

  • GM Canada reports 15 percent sales jump in June Thursday, 2 Jul 2015 | 12:12 PM ET

    TORONTO, July 2- General Motors Canada said on Thursday that June auto sales increased 15 percent over the same period last year, as dealers delivered 24,226 vehicles during the month. Gains came from the automaker's four Chevrolet, Buick, GMC and Cadillac brands, and sales of its Chevrolet Colorado and Silverado and GMC Canyon and Sierra led the industry pickup...

  • Canadian government approves Cirque du Soleil sale Tuesday, 30 Jun 2015 | 7:00 PM ET

    OTTAWA, Ontario— The Canadian government has approved the sale of Cirque du Soleil to a group headed by a U.S. private equity firm and its Chinese partners. Industry Minister James Moore said Tuesday the application to acquire the famed circus troupe was deemed an overall economic benefit for Canada. TPG is acquiring a 60 percent stake, Chinese investment firm...

  • FIFA SENIOR VICE PRESIDENT ISSA HAYATOU OF CAMEROON WILL PRESIDE OVER TROPHY CEREMONY IN VANCOUVER- LAWYER.

  • Prime is Sun Life's third acquisition of an asset manager since January. Once all three close, Sun Life will oversee about C $50 billion in assets for third parties, the company said. Toronto- based Sun Life, Canada's third-largest insurer, said the acquisition of Prime, which has about $13 billion in assets under management, would be in cash, but it did not disclose...

  • OTTAWA, June 30- The Canadian economy unexpectedly shrank in April, hurt by weakness in the mining and oil and gas industries, a setback that bodes poorly for a second-quarter pick-up in growth that the Bank of Canada is looking for. While economists cautioned that it is still early, the figures raised the risk that the second quarter could contract as well, putting...

  • MOSCOW, June 30- Russia expressed disappointment on Tuesday over new sanctions imposed by Canada over Moscow's role in the Ukraine crisis and warned that it would respond. "The new sanctions will only add negativity to Russian-Canadian relations which are already not going through their best times because of Ottawa," Foreign Ministry spokesman Alexander...

  • Toronto- based Sun Life did not disclose the value of the deal. Sun Life followed that up last month with the C $560 million acquisition of North American real estate investment manager Bentall Kennedy Group. Prime Advisors, which had about $13 billion in assets under management as of May 31, will operate as a standalone unit of Sun Life Investment Management, Sun...

  • TORONTO, June 30- Cenovus Energy Inc, Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about C $3.3 billion. As Reuters first reported this month, the decision to sell the unit, Heritage Royalty Ltd, to Teachers' Natural Resources Group was...

  • June 30- Canadian oil producer Cenovus Energy Inc said it would sell its royalty lands business, Heritage Royalty Limited Partnership, to Ontario Teachers' Pension Plan for about C $3.3 billion. Heritage Royalty owns about 4.8 million acres in Alberta, Saskatchewan and Manitoba, Cenovus said. The move comes about a year after Encana Corp spun out similar...

  • Cenovus to sell royalty business to Ontario Teachers' Tuesday, 30 Jun 2015 | 6:14 AM ET

    June 30- Canadian oil producer Cenovus Energy Inc said it would sell its royalty business, Heritage Royalty Limited Partnership, to Ontario Teachers' Pension Plan. Cenovus said it expects gross cash proceeds of about $3.3 billion. Heritage Royalty holds about 4.8 million gross acres of royalty interest and mineral fee title lands in Alberta, Saskatchewan and...