EnCana Corp., Canada’s largest energy company by market value, had its biggest gain since 2006 after saying it will divide into separate oil and natural-gas producers to boost shareholder returns.
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Finance Minister Jim Flaherty has said he will not reveal the details of discussions held with banks and financial institutions regarding the resolution of the frozen asset-backed commercial paper market amid speculation he intervened to encourage a deal between the Canadian Imperial Bank of Commerce and Barrick Gold Corp.
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New home prices in Canada are rising, but at a slower and slower rate … WesJet adds a fuel surcharge … HSBC reports lull in U.S. delinquencies … and RIM to add to its BlackBerry line.
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Clear Channel Communications Inc. surged 12% on reports of settlement talks with six banks on a proposal to fund the broadcaster’s US$19.5-billion acquisition by two buyout firms.
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A failure to approve a proposed restructuring of 32-billion of frozen asset-backed commercial paper “dooms everyone” to steep losses and endless litigation, according to a lawyer for a committee of investors that is overseeing the workout.
Ben Zarnett, a lawyer at Goodmans, made the comments at an Ontario Superior Court hearing today into whether the restructuring — the biggest in Canadian history — should be approved.
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General Motors Corp. said Monday it would close its Windsor transmission factory in 2010 after its current production mandates are finished, leaving as many as 1,400 workers jobless.
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Research In Motion Ltd is launching a new high-end version of the BlackBerry aimed at its core base of business users, but it hopes the sleek device will also catch on in the broad retail market.
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Canadian new housing prices rose at a slower pace in March than in February as a slowing market in Alberta was only partially offset by a real estate boom in other western provinces, Statistics Canada said on Monday.
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The Toronto Stock Exchange’s main index climbed into new territory on Monday and rose to a fresh peak, as the energy and technology sectors got a fillip from Research In Motion and EnCana Corp.
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The Southern LedgerPressure grows on China's grain pricesAsia Times Online, Hong Kong - 7 hours agoThailand in March announced a 30% increase in its benchmark rice price to US$760 a tonne from $580. On April 17, the price of Thai rice soared to $1000 per …Bangladesh March inflation dips, but above target Reuters India4th Ld-Writethru-China Focus: China's monthly CPI rebounds to 8.5 pct Trading Markets (press release)China: How Long Will the Inflation Respite Last? Seeking Alphaall 309 news articles
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