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CP Rail's largest shareholder urges CN Rail to abandon bid for Kansas City Southern

CP Rail's largest shareholder urges CN Rail to abandon bid for Kansas City Southern

TORONTO — Canadian Pacific Railway Ltd.'s largest shareholder has called on CN Rail to drop its bid for Kansas City Southern because of the sizable break fee CN Rail would be forced to pay if its voting trust is not approved by the U.S.
Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of its takeover of Husky Energy Inc. early this year.
Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of its takeover of Husky Energy Inc. early this year.
Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover

CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of its takeover of Husky Energy Inc. early this year.
S&P/TSX composite rises to all-time high while U.S. markets lose ground

S&P/TSX composite rises to all-time high while U.S. markets lose ground

TORONTO — The technology and renewable energy sectors pushed Canada's main stock index to all-time records Tuesday as the loonie hovered around 83 cents US, its highest level in six years. The Canadian dollar traded for 82.
Canadian producers cut Colombian oil output as protesters block transport routes

Canadian producers cut Colombian oil output as protesters block transport routes

CALGARY — Two Canadian oil and gas companies say they've been forced to reduce production in Colombia as protests that have resulted in 42 deaths continue in the South American country. Both Parex Resources Inc. and Gran Tierra Energy Inc.
Container ship is the largest of its kind to visit Canada: Halifax Port Authority

Container ship is the largest of its kind to visit Canada: Halifax Port Authority

HALIFAX — The largest container ship to visit a Canadian port spent the day in Halifax on Tuesday, generating a bit of buzz on social media.
UAE to offer booster shot to recipients of Sinopharm vaccine

UAE to offer booster shot to recipients of Sinopharm vaccine

DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Tuesday it will offer a third shot to recipients of the Chinese state-backed Sinopharm coronavirus vaccine six months after their initial two-dose regimen.
Business leaders call on Ottawa for a clear reopening plan as vaccine rates improve

Business leaders call on Ottawa for a clear reopening plan as vaccine rates improve

Canadian business leaders are calling on the federal government to lay out a clear and predictable plan for reopening the economy as the country's vaccination rollout gains speed.
US home construction falls a surprise 9.5% in April

US home construction falls a surprise 9.5% in April

WASHINGTON (AP) — U.S. home construction fell a surprisingly sharp 9.5% in April and economists attributed that partially builders who delayed projects because of a surge in lumber prices and supply constraints.
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