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enbridge-093016.jpg Canadian pipeline operator Enbridge Inc. said it has agreed to sell its liquids pipeline assets in the South Prairie Region, including the Saskatchewan pipeline system, to privately-held midstream company Tundra Energy Marketing Ltd. for C$1.075 billion in cash.

The Canadian dollar advanced against its major opponents in European trading on Friday, as the Canadian economy expanded more than expectations in July, driven by higher output in the mining, quarrying, and oil and gas extraction sector. Data from Statistics Canada showed that the GDP grew 0.5 percent...

Canadian stocks are still looking for direction Friday morning despite rising oil prices and some upbeat economic data. Concerns about the health of the European banking sector, in particular Deutsche Bank, have rattled markets this morning. Powered by energy stocks, the S&P/TSX Composite Index...

Canada GDP data for July and industrial product price index for August have been released at 8:30 am ET Friday. The loonie climbed against its major opponents after these data. The loonie was trading at 1.3115 against the greenback, 77.18 against the yen, 1.0009 against the aussie and 1.4646 against...

Statistics Canada releases Canada GDP data for July and industrial product price index for August at 8:30 am ET Friday. The economy is expected to expand 0.3 percent on month in July, compared to a 0.6 percent growth in June. The loonie traded mixed against its major opponents ahead of the data. While...

The Japanese yen traded higher against its major counterparts in European trading on Friday, as the yields on 10-year Japanese government bonds edged up after the Bank of Japan said it would reduce purchases of long-dated government bonds in market operations in October. The central bank said that...

Endo Pharmaceuticals Inc., a subsidiary of Endo International plc (ENDP, ENL.TO) reported new data evaluating the safety and efficacy of XIAFLEX (collagenase clostridium histolyticum) injection under investigation for the treatment of palmar Dupuytren's disease nodules. In a Phase 2 placebo-controlled,...

Fortis Inc. (FTS.TO) announced it has priced $2.0 billion notes offering. The Corporation priced $500 million of notes due 2021 at 2.100% and $1.5 billion of notes due 2026 at 3.055%. The offering is expected to close on October 4, 2016. Fortis intends to use the net proceeds from the notes offering...

The euro weakened against the other major currencies in the early European session on Friday. The euro fell to nearly a 2-month low of 1.0811 against the Swiss franc, a 9-day low of 1.1168 against the U.S. dollar and a 2-day low of 112.59 against the yen, from early highs of 1.0842, 1.1227 and 114.12,...

The Canadian dollar drifted lower against its major counterparts in pre-European deals on Friday, as oil prices declined amid skepticism over whether the OPEC deal agreeing for modest production cuts would address massive supply glut. Crude for November delivery declined $0.46 to $47.37 per barrel. The...

Pharma-093016.jpg Shares of Threshold Pharmaceuticals Inc. (THLD) were down 64% in extended trading on Thursday as the overall results from two phase II proof-of-concept clinical trials of its drug candidate Tarloxotinib didn't warrant further development of the compound.

Canadian stocks edged higher Thursday, as crude oil prices continued to rally on OPEC's agreement in principle to curb production. Vulnerable OPEC nations like Nigeria and Libya will be allowed to pump at the current pace, but Saudi Arabia and others will limit output next year. Russia previously...

The Canadian stock market is trading modestly to the upside Thursday morning, extending the strong gains of the previous session. Energy stocks remain the strongest performers after OPEC agreed to output cuts at its informal meeting yesterday. However, weakness in gold stocks is limiting the upside move. Markets...

The U.S. dollar firmed against its major counterparts in early New York deals on Thursday, as the U.S. economy expanded more than previously estimated in the second quarter and first-time claims for U.S. unemployment benefits rose less than expected in the week ended September 24, boosting Fed rate hike...

Canadian stocks look to rise Thursday morning after OPEC agreed to output cuts that push oil prices above $50 a barrel. The rally in oil prices has stalled neat $47 this morning, but analysts say that if nations comply with the agreement oil prices should rise in the coming months. The S&P/TSX...

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