In the heart of the Canadian Prairies, bankers made no pretense of working once the puck dropped to start the men’s Olympic hockey semifinal between Canada and the U.S.
Canadian Natural Resources Ltd., the nation’s second-largest natural gas producer, agreed to buy Devon Energy Corp.’s conventional assets in Canada for C$3.13 billion ($2.86 billion) to boost output.
Canola processing in Canada, the world’s biggest grower and exporter, has declined even after last year’s record harvest because railway backlogs have slowed shipments to mills.
Bombardier Inc. delayed its CSeries jetliner for a fourth time, saying the aircraft won’t enter commercial service until late next year instead of 2014 because it needs more time for flight tests.
Enbridge Inc.’s Northern Gateway oil-sands pipeline cleared a major hurdle as Canada’s energy regulator ruled the C$7.9 billion ($7.4 billion) conduit can move ahead under certain conditions.
Options are signaling that the Federal Reserve can reduce its bond-purchase program without causing a spike in price swings in the Treasury market.
U.S. stocks rose, sending the Standard & Poor’s 500 Index to the highest level since December 2007, after data showed employers added workers in December at about the same pace as the prior month.
KPMG Inc., the court-appointed trustee for the Canadian unit of MF Global Holdings Ltd., was ordered to make cash payments to the bankrupt company’s 2,500 foreign exchange customers in the country.
Canola futures fell to the lowest in almost eight weeks on signs that farmers will harvest a record crop in Canada, the world’s largest grower.
Canada’s 10-year notes dropped for the first time in six days, ending the longest winning streak in three months, after a report yesterday showed that gains in inflation slowed.