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Canadian Pacific Railway Ltd. is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover from the U.S. carrier, a person familiar with the plan said. Canada’s second-largest railroad likely won’t present an alternative slate of directors at Norfolk Southern’s annual meeting, said the individual, who asked to not be identified since the ...

In another possible blow to Bombardier Inc., WestJet Airlines Ltd. is within talks with the struggling company to decelerate deliveries from the Q400 turboprops it’s on order, part of a broader technique to cope with Alberta’s deteriorating economy. Cross-border flights, reversed: With low loonie, more Americans flying out of Canadian airports Anecdotal evidence from Canadian airports suggests the popularity might ...

NEW YORK — Oil prices fell 7 per cent on Tuesday as equity markets remained weak, forecasts required record high U.S. crude stockpiles to grow more, and also the latest global energy demand outlooks didn’t look sufficiently strong to eliminate the swelling glut. Canadian energy companies selling off 'jewels in the crown' to help keep bleeding oilsands afloat Firms are ...

Vancouver’s eye-popping housing industry is seemingly defying gravity, with sales in January rising nearly 32 percent – the 2nd busiest January on record. Without affordable housing, Vancouver risks just as one economic ghost town The tech economy in Vancouver and across Canada has never looked brighter. The reality, in certain respects, has not been bleaker. Continue reading. With prices in ...

TORONTO – Expanding into new businesses for example gaming that has been enhanced specialty food has helped theatre chain Cineplex Inc. lure people from on-demand entertainment in their living spaces, but The exorcist proved to be the real force behind its blockbuster annual and fourth-quarter results. Net income more than doubled during the three-month period ended Dec. 31 to $76.8 ...

Canada’s Superintendent of Financial Institutions has taken temporary charge of the assets from the Canadian branch of Maple Bank GmbH, which is headquartered in Germany. “The Superintendent took this action to preserve the need for the assets held in the branch considering the decision from the German prudential regulator to shut the bank for business with customers,” the Office from the Superintendent of ...

WASHINGTON – Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the government Reserve will have to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers on Wednesday. Global risks have intensified and could slow the U.S. economy, but “I don’t expect the (Federal Open ...

Home Capital Group said hello is constantly on the make progress in reviewing its portfolio of mortgages generated by 45 brokers suspended for fraud this past year, using the value of suspect mortgages visiting roughly $200 million in the fourth quarter. The Toronto-based mortgage company announced Wednesday that it has reviewed 40 per cent of the mortgages that were produced ...