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Sears Holdings Corp. (SHLD) announced that it expects to generate up to US$380 million in proceeds from its interest in Sears Canada Inc. (SCC.TO) by early November 2014, assuming the completion of its previously announced rights offering of Sears Canada shares to the Company's stockholders and the exercise...

Webtech Wireless Inc. (WEW.TO) announced that Scott Edmonds has resigned as President and Chief Executive Officer or CEO effective October 1, 2014. Webtech said its Chairman, Andrew Gutman has agreed to take on the role of interim Chief Executive Officer. The company will commence a process to a hire...

The Australian dollar strengthened against the other major currencies in the Asian session Thursday after data showed that Australia's building approvals rose more-than-expected in August, while trade deficit narrowed in the same month Data from Australian Bureau of Statistics showed that Australia...

Starbucks Coffee Canada, affiliated to Coffee retailer Starbucks Corp (SBUX), Thursday announced its plans to serve Fairtrade certified espresso exclusively at participating Starbucks campus stores at Canadian colleges and universities, beginning in spring 2015. The move reflects growing demand for ethically...

Canada's competition watchdog said Wednesday that Canadian telecom company Bell Aliant Regional Communications Inc. (BA.TO) has agreed to a long-term lease of a significant part of its landline network to Bragg Communications Inc.'s Eastlink, in order to win approval for the company's acquisition of...

Canadian fertilizer producer Agrium Inc. (AGU.TO, AGU) said Wednesday that it expects third quarter earnings from continuing operations to be in the range of US$0.45 to US$0.55 per share. The company also said it expects fourth quarter earnings from continuing operations to be similar to net earnings...

Canadian stocks slipped to end sharply lower for a third straight session on Wednesday, tracking declining global equity markets with all major sub-indices in the red after some mixed economic data from the U.S. and the disappointing Canadian GDP reported yesterday. Besides speculation that the U.S....

Canadia private equity firm Onex Corp (OCX.TO) Wednesday completed the about $1.33 billion acquisition of York Risk Services Group Inc. York is a provider of risk management, claims management and managed care services. The total equity investment of about $555 million was made by Onex Partners III,...

Canadian Pacific Railway Ltd. (CP, CP.TO) said Wednesday that it expects its earnings per share to more than double over the next four years compared to 2014. The company also said it expects its annual revenue to grow to $10 billion in 2018. CEO E. Hunter Harrison today unveiled new growth targets...

Canadian stocks are trimming some early losses nearing mid-day Wednesday, with investors doing some bargain hunting at lower levels. Stocks drifted lower in early trading this morning, despite a fairly strong U.S. private sector payrolls data. Besides speculation that the U.S. Federal Reserve...

Jens Stoltenberg took up his post as NATO Secretary General on Wednesday. He also chaired his first North Atlantic Council as NATO chief on Wednesday. "I am really looking forward to start and it's a great honour to be the Secretary General of NATO," Stoltenberg said arriving at NATO headquarters. The...

Canadian stocks are likely to open slightly higher Thursday morning, with fairly strong U.S. private sector payrolls data aiding sentiment. According to a report from payroll processor ADP, employment in the U.S. private sector increased more than expected in the month of September, rising by 213,000...

TransCanada Corp. (TRP, TRP.TO) announced that it has entered into an agreement to sell its remaining 30 per cent interest in Bison Pipeline LLC to its master limited partnership, TC PipeLines LP (TCP) for cash proceeds of $215 million. The sale is expected to close on October 1, 2014. Bison is a...

Bell Media announced an investment in Toronto-based digital startup Hubub, Inc. As part of the agreement, Bell Media has invested $5 million in cash and committed millions more to market Hubub.com and the Hubub mobile app, a new digital platform for exploring and discussing interests, across its leading...

The euro weakened against most major currencies in the early European session on Wednesday after data showed that Germany's manufacturing activity contracted and Eurozone PMI fell to a 14-month low in September. Data from Markit Economics showed that the eurozone manufacturing Purchasing Managers'...