Canada

LivingSocial compensates for 40-hour outage using discounts

Coupon website LivingSocial offered a 25% discount on selected deals for its US and Canadian clients following a rare 40-hour outage that crippled its website, apps, and merchant center.

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Twitter launches self-serve ads for small businesses outside the US

Social media giant Twitter Inc announced it will introduce self-service advertisements for small- and medium-sized businesses (SMBs) in Canada, Ireland and the United Kingdom starting this week.

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Advent to buy USD1.1 billion stake in Ocensa oil pipeline

US-based global private equity firm Advent International signed an agreement to purchase a USD1.1 billion minority stake in Ocensa, Colombia's biggest oil pipeline in terms of capacity.

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A-T Solutions picks up counterterrorism contractor GreenLine Systems

Virginia-based tech firm A-T Solutions acquired counterterrorism firm GreenLine Systems for an undisclosed amount to reinforce the border protection and transportation security of the US.

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Canada open to options for its stake in Hibernia offshore oil project

In a moment of candor, Canadian Finance Minister confirmed that the federal government would be open to options as to how to best utilize its 8.5% stake in the Hibernia offshore oil project.

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Merz Pharma purchases aesthetics specialist Anteis

Merz Pharma group recently bought Geneva-based aesthetics medicine specialist Antes SA for an unconfirmed amount in a transaction that would extend its product reach to North America

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OpenText Corp shares rise after acquiring GXS Group

OpenText Corp.'s shares rose to record high USD7.77 after its announcement to buy GXS Group Inc.

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Lululemon suffer a drop in shares after customers complain about yoga pants

Following customer complaints on Groove and Wunder Under yoga pants, Canadian clothing company Lululemon’s shares drop to USD67.85.

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Canada approves ConocoPhillips exploratory drilling in the Far North

ConocoPhillips's request of exploratory drilling is approved by Canada's NEB

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Sinopec seeking to sell off shale acreage

In an unprecendented move, China's Sinopec is selling off shale gas acreages in Canada.

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New Brunswick sets Startup Investment Fund with USD 5 million

The government of New Brunswick, a province in Canada, had invested USD 5 million for its Startup Investment Fund.

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DIRTT Environmental Solutions aims to raise USD 45 million in IPO

DIRTT filed for a USD 45 million initial public offering in Canada.

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Canadian firms get boost as government removes hindrances to foreign investments

Canadian Prime Minister Stephen Harper had removed many hurdles for US and European investors in Canadian enterprises.

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Canadian government to review national security issues for BlackBerry bids

The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.

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EU and Canada agrees to multi-billion trade pact

The European Union and Canada had agreed on a trade pact worth billions of dollar last Friday that would integrate two of the world's largest economies.

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