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  • 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...

  • —after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech. But as he launches his 2016 presidential bid in earnest, his latest comments— that some Mexican immigrants bring drugs and crime to the country and are rapists— offended many, were denounced by Mexican-American groups...

  • The Vancouver- based company, which recently acquired Waterloo-based online renovation design startup, DraftingSpace, won C $50 million in new funding in late 2014 to help beef up operations. It would be beyond a year, "Chief Executive Jeff Booth said in an interview. BuildDirect was founded more than 15 years ago by Jeff Booth, a builder, and his friend Rob Banks.

  • *Gold pares gains after rallying on Greece fears. NEW YORK/ LONDON, June 29- Gold firmed on Monday, as the prospect of a Greek debt default hit global shares, offsetting wariness among investors over the metal's longer-term outlook. Gold, which often benefits from uncertainty in the wider financial markets, initially rallied to a near one-week high at $1,186.91, but...

  • NEW YORK— Tourists on holiday in Greece offered advice to others Monday: Bring extra euros. "We were finally able to get cash out of an ATM today, thankfully, since we are running out of euros we got in the U.S.," said Anthony Adornato, a college professor from Syracuse, New York, heading from Athens to the island of Kea with three other Americans. Richard Joplin, a realtor in...

  • TORONTO, June 29- A CIBC Wood Gundy investment adviser is pushing Extendicare Inc, a Canadian operator of senior care centers, to pay a special dividend of at least C $100 million and make other changes following the sale of its U.S. business. Markham, Ontario- based Extendicare has been narrowing its geographic focus to long-term senior care centers in Canada.

  • ST. PAUL, Minn.— Environmental advocates trying to stop a proposed copper-nickel mine in northeastern Minnesota launched an ad campaign on Monday aimed not at the company behind the project but at Gov. In a statewide ad expected to begin airing this week, the group shows video of a massive spill of mining waste in Canada and calls on Dayton to reject the mine's waste...

  • OTTAWA, June 29- Canada is imposing economic sanctions against Russian energy firms such as natural gas producer Gazprom OAO in response to the actions of Russian-backed militants in Ukraine, Ottawa said on Monday. A government statement did not give details of the sanctions. Other firms targeted are Gazprom Neft OAO, Surgutneftegaz OAO and...

  • TORONTO, June 29- Fairfax Financial Holdings, which bet on a successful turnaround in Greece in 2014, stands to take a hit from a Greek default, but one-time gains and other factors are likely to soften the blow, RBC said in a note on Monday. Fairfax Chief Executive Officer Prem Watsa had told Reuters on June 19 that Fairfax's exposure to Greece would be "very...

  • On Monday, the online home rental service will send 100,000 hosts in Florida, Louisiana and other states tips from FEMA's Ready campaign on how to prepare for hurricane season. During a disaster, FEMA will also provide Airbnb with real-time information so that the company can better figure out where its help is needed. And earlier this year, FEMA signed an...

  • June 29- Canadian miner Iamgold Corp cut its production forecast for the year, saying a "localized seismic event" in Quebec last month would reduce output from its Westwood mine by nearly half. An initial assessment was inconclusive in assessing the impact on production, but further investigation showed the event would "have a more significant impact on 2015...

  • June 29- Canadian miner Iamgold Corp cut its production forecast for the year after an earthquake at its Westwood mine in Quebec.