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Canadian biotechnology company QLT Inc (QLTI, QLT.TO) Wednesday reaffirmed its merger agreement with Auxilium Pharmaceuticals Inc (AUXL). This comes in the wake of Auxilium receiving an unsolicited $2.2 billion offer from Endo International plc (ENDP, ENL.TO) to acquire all of the shares of Auxilium. Auxilium...

Canadian stocks are drifting lower Wednesday morning, ahead of the U.S. Federal Reserve's monetary policy. Investors are largely shrugging off reports about fresh stimulus announced by the Chinese central bank and positive European markets. The focus is on the U.S. Federal Reserve's monetary policy,...

Auxilium Pharmaceuticals, Inc. (AUXL) said Wednesday that it will carefully review the $2.2 billion unsolicited buyout offer it has received from specialty healthcare company Endo International plc (ENDP, ENL.TO). The company also said it has adopted a one-year stockholder rights plan, commonly known...

Canadian stocks are likely to open slightly higher, as an unexpected drop in U.S. consumer prices might compel the Federal Reserve to hold off on signaling tighter monetary policy later today. Positive European markets and the Chinese central bank's fresh stimulus are also likely to aid sentiment...

Embraer S.A. (ERJ) and Republic Airways Holdings Inc. (RJET) announced a contract for the sale and purchase of 50 firm E175 jets. The value of the firm order is estimated at $2.1 billion, based on 2014 list prices. The firm order will be included in Embraer's 2014 third-quarter backlog. The aircraft...

The Canadian dollar firmed against its major rivals on Wednesday, as investor sentiment improved amid reports that Chinese central bank would provide stimulus to prop up growth, as well as on expectations that the U.S. Federal Reserve would maintain its accommodative policy stance for a "considerable...

The United Nations General Assembly opened its 69th annual session Tuesday with the body's new President declaring that it would be a historic opportunity to formulate a post-2015 development agenda that is transformative, brings tangible results in fighting poverty, and leads to improving lives of all...

Canadian stocks rallied to end slightly higher on Tuesday, tracking rising U.S. markets ahead of the Federal Reserve's two-day policy meet outcome, even as investors mulled over some disappointing data from China. Investors appeared to be wary of making significant moves ahead of the U.S. Federal...

WiLAN Inc. (WIN, TO, WILN), Tuesday said its bought a portfolio of patents related to technology used in Smart Meters that are deployed in the energy market. Financial terms of the tranasaction were not disclosed. "This new partnership, our 30th and second in the energy market, is part of our ongoing...

Canadian stocks are lower Tuesday morning, with investors wary of making significant moves ahead of the U.S. Federal Reserve's monetary policy decision. Weakness in Asian and European markets, uncertainty about the near term outlook for the global economy on the back of recent disappointing data out...

The Canadian dollar drifted up against its key counterparts on Tuesday, as Canada's manufacturing sales climbed to a record high in July, mainly driven by higher sales in the transportation equipment and primary metal industries. Data from Statistics Canada showed that Canadian manufacturing sales...

Canadian stocks are likely to open a bit lower Tuesday, as investors look ahead to the U.S. Federal Reserve's monetary policy decision. Weakness in Asian and European markets could prompt investors to stay on the sidelines. The Federal Reserve, which will conclude its two-day monetary policy meeting...

Stonegate Agricom Ltd. (ST.TO) announced that Mark Ashcroft has resigned from the positions of President, Chief Executive Officer or CEO and Director of the Company. The company said it intends to name a new CEO in the near future. In the interim, Co-Chairmen Ian McDonald and Kerry Knoll, who co-founded...

Spanish commercial bank Banco Santander S.A. (SAN, BNC.L) has greed to buy Carfinco Financial Group Inc. (CFN.TO, CFN_UN.TO) for C$298 million in cash, with an aim to enter the Canadian market. Under the agreement, Carfinco shareholder will receive C$11.25 for each common share of Carfinco, representing...

The Australian dollar retreated from early highs against the other major currencies ahead of European session on Tuesday. The Australian dollar fell to more than a 2-month low of 0.9953 against the Canadian dollar and nearly a 1-month low of 1.1020 against the NZ dollar, from early highs of 0.9995...