Canadian Pacific Railway Ltd. surged the most in more than two years as speculation mounted that the company may drop its make an effort to purchase Norfolk Southern Corp. Canada’s second largest railroad gained 9.6 per cent to $164.16 at 12:06 p.m. in Toronto. Shares rose around 11 per cent earlier, their biggest intraday gain since October 2013. Faced with ...

Oil prices won’t go back to more normal levels for two or 3 years, and people expecting a speedy rebound out of this month’s 12-year lows are being unrealistic, Bank of Montreal Ceo William Downe said. “It’s unrealistic to believe it’s going to snap back,” Downe said in an interview Friday in Davos, Switzerland. “Prices will normalize after which begin to ...

Given the possibility, not too many borrowers would pass the opportunity to tap into a new group of investors and raising debt capital. But opportunities aren’t given. Instead, they have to be created because the province of Bc discovered now when it priced its first so-called Panda bond. The text – B.C. will borrow 3-billion renminbi around the inshore Chinese ...

American Apparel Inc. founder Dov Charney requires a new plan.   U.S. Bankruptcy Judge Brendan Shannon in Wilmington, Delaware, Monday approved a reorganization that hands control of the clothing retailer to senior lenders, rejecting Charney’s alternative proposal and eliminating what may have been his last shot at retaking control of the clothing chain he soon started as a college student. ...

The Town’n Country grocery in Oriental, New york, a nearby fixture for 44 years, closed its doors in October after a Wal-Mart store opened for business. Now, 3 months later – and less than two years after Wal-Mart arrived – the retail giant is pulling up stakes, leaving the city with no grocery store and no pharmacy. Wal-Mart Mart Stores ...

CALGARY C Oil prices have fallen so low that oilsands producers have reached danger of seeing negative prices for their bitumen. After the bust, oil boomtown Fort McMurray faces threat of ‘shrinking city’ syndrome Alberta’s oil hub Fort McMurray is understanding the painfully costly way that there is no such thing as simply going back to normal following a long ...

Alberta’s ongoing oil slump has forced WestJet Airlines Ltd. to cancel nearly a dozen daily flights out of the province’s two largest airports, primarily to western energy hubs. The Calgary-based carrier announced its summer schedule Monday, that will see six fewer daily flights from Calgary’s airport terminal and five fewer from Edmonton. WestJet’s Richard Bartrem said the alterations, slated to ...

Weight Watchers International Inc. shares rose as much as 22 per cent after investor and spokeswoman Oprah said she’s lost excess fat using the program. “I lost 26 pounds, and that i have eaten bread each day,” the entertainment mogul said inside a video posted to Twitter. This is the joy for me. I do not deny myself bread. I’ve ...