×

Business Canada

  • HOUSTON-- Calpine Corp. said Thursday that it will buy a natural gas-fired power plant in Texas for about $432 million to boost its presence in a state where the supply of surplus power is shrinking. Calpine is buying the 800- megawatt plant near Laguna Park in central Texas from Bosque Power Co. LLC.

  • LONDON, Oct 4- Consumer goods group Unilever Plc/ NV is looking at a possible sale of its Skippy peanut butter business based in the United States and Canada which could, if sold, fetch around $400 million.

  • TORONTO, Oct 4- Canada's main stock index opened higher on Thursday after U.S. data pointed to a steady labor market and following encouraging comments by European Central Bank President Mario Draghi on tools to tackle the region's debt crisis. The Toronto Stock Exchange's S&P/TSX composite index.

  • TORONTO, Oct 4- The Canadian dollar strengthened to a session high against its U.S. counterpart on Thursday after the Bank of Canada repeated language that confirms it is still looking at the possibility of raising interest rates. The currency firmed to a session high of C $0.9834 to the U.S. dollar, or $1.0169.

  • WINNIPEG, Manitoba, Oct 4- The Bank of Canada is still looking at the possibility of raising interest rates, but also believes there is some slack in the labor market that has not been taken up by the recovering economy, a top official said on Thursday.

  • TORONTO, Oct 4- The Canadian dollar held gains against its U.S. counterpart on Thursday following the release of data showing that jobless claims in the United States rose less than expected.

  • Oct 4- Canada's main stock index looked set to open higher on Thursday after the European Central Bank left interest rates unchanged at its policy meeting and as upbeat U.S. economic data in the previous session helped alleviate fears of global slowdown.

  • Wednesday's clashes between police and supporters of the opposition Ata Zhurt party were the most violent in the capital Bishkek since the April 2010 revolt that ousted then-president Kurmanbek Bakiyev. "Parliament, the president, the government should resign, because they are not resolving the Kumtor issue," one demonstrator shouted through a megaphone.

  • Oct 4- CANADA REAL ESTATE COs:. *Raymond James Starts Allied Properties Real Estate Investment Trust. *Raymond James Starts Amica Mature Lifestyles Inc with outperform.

  • *Parliament held an emergency debate Wednesday night on how to respond to an E. coli outbreak that has triggered the country's largest beef recall and sent the Harper government scrambling to defend the safety of Canada's food supply.

  • *Canadian company D-Wave lands $30 million investment.

  • By Miranda Maxwell MELBOURNE, Oct 4- TPG Capital Management LP's. $700 million bid for Billabong International Ltd. Shares in Billabong fell as much as 23 percent to A $1.015, their lowest in more than three months, and last traded down 18.3 percent at A $1.075 before being placed on a trading halt.

  • *Britain's FTSE 100 is set to open 12 to 17 points higher, or as much as 0.3 percent, according to financial bookmakers. FTSE index closed up 0.3 percent, or 16.36 points higher, at 5,825.81 points on Wednesday driven by gains in "defensive" stocks seen as the most resilient to an economic downturn.

  • For more on the company, double click TELIASONERA. "As a company you have a responsibility to ask questions, and my impression is that TeliaSonera has not really thought through how things work in this kind of countries," Szyber said.

  • *Announce Cameron River 3 D survey, a 470 square km onshore 3 D multi-client project located in NE British Columbia, Canada. *The survey will be acquired along the prolific liquids-rich Triassic Montney and Doig unconventional fairways. *The seismic data will be processed by Arcis.

  • MELBOURNE, Oct 4- Australia's Billabong International Ltd lost almost a quarter of its market value after a report said the last remaining bidder, private equity firm TPG Capital Management LP, might follow former suitors and ditch its takeover offer for the surfwear retailer.

  • By Miranda Maxwell and Denny Thomas. MELBOURNE/ HONG KONG, Oct 4- A private equity firm founded by Chinese billionaire Yu Yong and a fund backed by state-owned China Development Bank have offered to buy Australian-listed copper explorer Discovery Metals Ltd, valung the company at about $850 million.

  • HONG KONG, Oct 4- Hong Kong shares were set to open slightly higher on Thursday with defensive sectors such as telecoms continuing to attract investor interest although gains are likely to be capped by weakness in oil producers after crude prices slumped overnight.

  • KEDJWICK, New Brunswick-- Police in Canada have seized more than 600 barrels of maple syrup in New Brunswick as part of an investigation into the theft of millions worth of syrup in Quebec and are transporting it back to Quebec under police protection, officials said Wednesday.

  • *Air Canada load factor a record 84.9 pct, traffic up. Oct 3- Canada's two largest airlines, Air Canada. The load factor on Air Canada's flights to Australia, the Caribbean, Mexico, Central and South America made the biggest jump, to 82.9 percent from 79.4 percent in the same period last year.