GO
Loading...

Canada

More

  • Potential Revel casino buyer wants discount Thursday, 25 Dec 2014 | 12:58 PM ET

    ATLANTIC CITY, N.J.— The Florida developer in line to purchase the former Revel Casino Hotel in Atlantic City says in court filings that the auction for the property wasn't run fairly and he wants an $8 million discount. Lawyers for Glenn Straub said in a court filing Wednesday that the property should be sold for $87 million, not the $95.4 million runner-up bid his...

  • FOREX-Dollar down from highest levels in nearly 9 years Wednesday, 24 Dec 2014 | 9:42 AM ET

    NEW YORK, Dec 24- Investors trimmed dollar positions during the Christmas holiday lull on Wednesday, pulling the greenback down from its highest point in nearly nine years after strong U.S. economic growth data on Tuesday solidified views of coming Fed rate increases. The dollar index reached a high not seen since March 2006, while the two-year yield on U.S.

  • Enbridge oil spill settlement is $6.25M, not $6.75M Wednesday, 24 Dec 2014 | 6:51 AM ET

    BATTLE CREEK, Mich.— A settlement over a 2010 oil spill in southwestern Michigan is worth $6.25 million, not $6.75 million as lawyers reported earlier in December. The pipeline belongs to Enbridge Inc., based in Calgary, Alberta. Enbridge has agreed to donate $150,000 to local groups committed to environmental conservation, such as the Kalamazoo River Watershed...

  • Oil train disaster settlement growing Tuesday, 23 Dec 2014 | 11:26 AM ET

    PORTLAND, Maine— A proposed settlement fund for victims of a fiery train derailment that claimed 47 lives in Canada is nearly halfway to a goal of $500 million in funding commitments ahead of its filing next month, the defunct railroad's bankruptcy trustee said. More than a dozen corporations that face potential liability in the 2013 Quebec oil train disaster...

  • OTTAWA, Dec 23- The Canadian economy showed surprising strength in October, growing by 0.3 percent after a 0.4 percent gain in September, due in part to an unexpected surge in manufacturing, according to Statistics Canada data released on Tuesday. Economists now expect annualized fourth-quarter growth to come in close to, or above, the Bank of Canada's 2.5...

  • OTTAWA, Dec 23- The Canadian economy showed surprising strength in October, growing by 0.3 percent after a 0.4 percent gain in September, partly the result of an unexpected surge in manufacturing, according to Statistics Canada data released on Tuesday. Public sector output also jumped because a British Columbia teachers' strike ended, and mining, oil and gas...

  • As recession looms, Russia acts to support ruble Tuesday, 23 Dec 2014 | 7:37 AM ET

    MOSCOW— With its economy spiraling toward recession following Western sanctions and a dramatic fall in the price of oil, Russia took another step Tuesday to shore up the value of the ruble, which has been one of the world's worst-performing currencies this year. Russia's energy-dependent economy has suffered a severe economic shock over the past few months,...

  • Dec 22- Canada's Encana Corp will sell some natural gas gathering and compression facilities in British Columbia it owns jointly with a unit of Mitsubishi Corp to Veresen Midstream LP. Veresen Midstream will provide gathering and compression services to Encana and Cutbank Ridge Partnership, its partnership with a Mitsubishi unit, for a fee.

  • Dec 22- Hong Kong said Monday it has suspended imports of certain U.S. poultry and poultry products because strains of avian influenza have been identified in the United States, marking the second foreign market to issue such a ban. No human cases involving either viral strain have been detected in the United States or Canada, and there are no immediate public...

  • Dec 22- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder. DBRS has a 2 percent share of the ratings market dominated by McGraw Hill Financial Inc- owned Standard& Poor's Financial Services LLC, Moody's Corp and...

  • Dec 21- CNOOC Ltd's Nexen unit said on Sunday it was shutting operations at an oilfield and processing facility in Yemen, where the Islamist militant al Qaeda group is operating, due to a security threat. Yemen has been in turmoil since 2011 mass protests forced veteran president Ali Abdullah Saleh to step down, and tensions have increased since Shi'ite Muslim...

  • US companies eager to embrace Cuba face hurdles Sunday, 21 Dec 2014 | 11:13 AM ET

    American businesses have begun imagining ways to capitalize on last week's announcement that the United States will restore diplomatic ties with Cuba and ease curbs on trade with one of the last surviving Communist regimes. Their more ambitious plans would require that Congress lift the U.S. embargo on most exports to Cuba. All that said, Cuba experts have a...

  • FARGO, N.D.— Prosecutors described a Toronto man's massive credit card fraud scheme as high-tech bank robbery— stealing the identities of 38,000 people in order to bilk dozens of banks. Nearly 2½ years later, following the government's petition to the 8th U.S. Circuit Court of Appeals, a federal judge ordered Adekunle Adetiloye to pay about $1.5 million in...

  • Dec 21- CNOOC Ltd's Nexen unit is shutting operations at an oil field and processing facility in Yemen due to a security threat, a Nexen spokeswoman said on Sunday. The spokeswoman said Nexen determined there is an undue risk for staff working at its Block 51 field operations and BAK PF processing facility in Yemen. China's CNOOC acquired Calgary, Alberta- based...

  • President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally benefit American consumers and workers in perhaps his strongest comments on the Canada- to-U.S. pipeline to date. His comments come as Republican leader Mitch McConnell has said his party's first...

  • Dec 19- Canadian performance company Cirque du Soleil has hired investment bank Goldman Sachs Group Inc to help in its previously disclosed effort to find a strategic partner, a spokeswoman for the company said on Friday. Cirque du Soleil will appeal to both private equity firms and large media companies that are looking to increase their exposure to live...

  • TORONTO, Dec 19- Sears Canada Inc is stepping up spending on areas such as its website and profitable merchandise categories while looking to exit unprofitable product lines as part of its turnaround plan, the retailer's new acting chief executive said on Friday. Sears Canada, which has seen its fourth CEO in three years, has been working on turning around...

  • NEW YORK, Dec 19- There are plenty of delicate subjects during the holiday season, but one of the touchiest could be regifting. Susan Choi and Pete Wells have developed a different approach. Instead of whispering about regifting, the Brooklyn, New York City couple are shouting it from the rooftops.

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...

  • TORONTO, Dec 19- BlackBerry Ltd on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again. Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts' expectations of $931.5...