Canada

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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Bank of Canada governor showed disappointment as to economic performance

Bank of Canada Governor Stephen Poloz expressed disappointment as to the country's economic performance despite signs of regained momentum.

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Canada blocks acquisition of fiber optic network by Sawiris controlled corporation

Citing the national security provisions of the Investment Canada Act, the purchase of Accelero of the fiber optic network owned by MTS Allstream was blocked by the Canadian government.

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GM Nova Scotia's noteholders hit the jackpot

The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.

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Canadian discount retailer Giant Tiger eyes exit - sources

According to sources, Giant Tiger Stores had been exploring the option to exit the company through a sale that could fetch USD800 million.

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Canada moves towards unified securities regulator

The Canadian federal government together with two of the largest provinces are working towards a common securities regulator.

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The Thickwood Project obtains approval from governmental authority

Sunshine Oilsands Ltd announced the grant of the approval from the Alberta Energy Regulator.

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