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Murray Edwards, the billionaire investor and elder statesman of Canada’s hard-hit oilpatch, has left his Calgary home and relocated to London. Edwards’ move, that has been the source of speculation in Canada’s energy hub for weeks, was confirmed in a regulatory filing by Magellan Aerospace Corp., a Mississauga, Ontario-based aircraft manufacturer controlled by Edwards. The 56-year-old’s residence is listed as ...

To settle a fight with the Competition Bureau of Canada, Parkland Fuel Corp. will have to sell off assets in Ontario and Manitoba. Parkland, a Red Deer, Alta.-based gasoline retailer, announced after markets closed Tuesday it had reached funds using the Bureau, requiring the company to sell a fill-up station in Kapuskasing, Ont. and either divest or terminate fuel supply ...

A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming Barrick misstated facts of their now halted Pascua-Lama gold-mine project on the border of Argentina and Chile. The class certification means the world’s largest gold producer will have to face the U.S. lawsuit. U.S. District Judge Shira Scheindlin in Manhattan said ...

New Gold Inc. was braced for a vicious backlash in the investment community when it decided to hedge some gold production earlier this year. After all, hedging is the gold industry’s ultimate dirty word. It became this type of toxic subject over the past decade that many chief executives decided that even talking about it had been off limits. And ...

The authorities is granting Air Canada more flexibility over its maintenance work, proposing changes to the three-decades-old laws that govern the airline after it agreed to purchase Bombardier Inc.’s CSeries jets. The proposed amendments towards the 1988 Air Canada Public Participation Act, introduced Thursday by Transport Minister Marc Garneau, fulfill a promise made recently once the airline announced its intend ...

OTTAWA – If you had to create a bet how Canada’s economy was going to fare later on, you’d be better off putting your money on private-sector economists’ predictions than the forecasts from the authorities. It seems non-governmental forecasts for nominal growth going back a lot more than 20 years – and used as a guide for Ottawa’s budget planning – have ...

There might not be an association just a few weeks after Madalena Energy announced a “strategic” acquisition along with a $27 million equity financing C two transactions that were cancelled  – the organization has a new interim chief executive. On Thursday the company, which earlier this month announced instructions of intent to get one more 10 percentage point stake within ...

Shareholders of RONA gather in Montreal Thursday to vote on the $3.2 billion takeover by Lowe’s. For common shareholders, the problem seems a no-brainer. There isn’t any real alternative to tendering to the $24 a share offer, a cost that represents a proper premium to the shares’ recent trading price. And the prices are almost $10 higher than the sale ...