TransCanada Corp. raised $4.42 billion (US$3.37 billion) in the largest share sale in Canadian history, based on people acquainted with the sale, sending energy financings in the country towards the best begin in a minimum of two decades as oil prices rebounded. TransCanada’s equity sale to help fund its purchase of Columbia Pipeline Group Inc. eclipsed Barrick Gold Corp.’s $4.33 ...

Discount carrier NewLeaf Travel says it’ll resume selling low-cost flights within the next couple weeks since it’s received the go-ahead from Ottawa to continue operations. Chief executive Jim Young says the organization expects its first flight to take off as soon as late spring or early summer. In the meantime, it will focus on reintroducing itself to consumers. Late Tuesday, ...

Canadian energy stocks look more appealing than their U.S. peers on a valuation basis, but Macquarie Scientific studies are finding better opportunities in natural gas-weighted names. Analyst Brian Bagnell noted the median estimated EV/DACF valuation according to oil and gas futures strip prices has climbed to 13.6x within the U.S., while Canadian names are trading at 12.1x. A look into ...

Canada’s nascent LNG export industry continues to inch forward, despite low commodity prices and speculation of sagging curiosity about the country’s gas resources. How Big Oil is keeping the faith in Canada’s East Coast: ‘One from the last great undeveloped frontiers’ While exploration activity tapers off in Western Canada, major oil producers continue to keep the faith within the New ...

The Tasiast mine in Mauritania has been a giant black cloud over Kinross Gold Corp. for a long time. The company badly overpaid for Tasiast in 2010, if this spent an astounding US$7.1 billion to buy Red Back Mining Inc. (the mine’s former owner). And since then, there has been a steady flow of not so good news, writedowns and ...

Starbucks Corp., an innovator to get consumers to purchase products having a mobile phone, is boosting paying for digital ventures this season because it improves the capacity for its app in Asia, Europe and Latin America. The coffee chain is promoting a brand new feature, introduced last year nationwide at U.S. stores, that lets customers order and purchase beverages ahead ...