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The European currency strengthened against the Canadian dollar in the Asian session on Wednesday. Against the loonie, the euro rose to a 2-day high of 1.5243 around 10:30pm ET, from yesterday's closing quote of 1.5217. If the euro extends its uptrend, it is likely to find resistance around the 1.55 area.

Canadian National Railway Co (CNR.TO, CNI), the country's largest railroad operator, Tuesday reported a better-than-expected increase in first-quarter profit, due mainly to more shipments of petroleum and chemicals as well as other products despite some harsh weather conditions. Looking ahead, the...

Baytex Energy Corp. (BTE.TO, BTE) announced the commencement of cash tender offers relating to any and all of the US$365 million current outstanding principal amount of 9.875% Senior Notes due 2017 and US$300 million current outstanding principal amount of 7.50% Senior Notes due 2020 of Aurora USA Oil...

Canadian National Railway Company (CNI) Tuesday reported first-quarter profit of C$623 million or C$0.75 per share, up from C$555 million or C$0.65 per share in the same period last year. Adjusted earnings for the quarter were C$551 million or C$0.66 per share. On average, 26 analysts polled by Thomson...

Canadian stocks ended higher on Tuesday, with investors upbeat over the latest batch of economic and earnings reports from Canada and the U.S., and on the big news of Valeant Pharmaceuticals International, Inc. offer to buy Botox maker Allergan Inc. Nonetheless, declining crude oil and gold prices capped...

Patient Home Monitoring (PHM.V) announced the appointment of Chairman Michael Dalsin to the concurrent position of Chief Executive Officer or CEO effective immediately. The company said Andrew Folmer will remain as President and CFO of PHM and continue to lead the company's day-to-day operations. Commenting...

Canadian stocks are modestly higher Tuesday morning, with investors reacting to the latest batch of economic and earnings reports from Canada and the U.S., and the big ticket merger news from Valeant Pharmaceuticals International, Inc.

Allergan Inc. (AGN) confirmed Tuesday that it has received an unsolicited proposal from Canadian drug maker Valeant Pharmaceuticals International Inc. (VRX, VRX.TO) to acquire all of the outstanding shares of the Company for a combination of 0.83 of Valeant common shares and C$48.30 in cash per share...

Valeanut-Allergan-042214.jpg Canadian drug maker Valeant Pharmaceuticals International Inc. Tuesday announced that it has submitted a merger proposal to acquire Allergan, Inc., which is famous for its wrinkle treatment drug Botox, for C$48.30 in cash and 0.83 Shares of Valeant stock for each Allergan share.

Canadian stocks look headed for a cautious start Tuesday, with investors reacting to the latest batch of earnings reports and economic data. Worries about Ukraine may weigh on the market to an extent. Crude oil's sharp decline is likely to trigger some selling in the energy space, while slightly...

CanadianPacificRailway-042214.jpg Canada's second-largest railroad operator Canadian Pacific Railway Ltd. on Tuesday reported a 17 percent increase in profit for the first quarter from last year, reflecting higher revenues and lower expenses. Earnings per share for the quarter beat analysts' expectations, while revenues matched their estimates.

The Canadian dollar strengthened against the U.S. dollar in the European session on Tuesday after the release of nation's better-than-expected wholesale sales data for February. The data from Statistics Canada showed that Canada's wholesale sales rose for a second consecutive month in February, up...

After the release of Canada wholesale sales data for February at 8:30 am ET Tuesday, the loonie climbed against other major currencies. The loonie was trading at 1.5221 against the euro, 1.0310 against the aussie, 93.11 against the yen and 1.1012 against the greenback around 8:32 am ET.

At 8:30 am ET Tuesday, Canada wholesale sales data for February is due. Before the data, the loonie showed mixed trading against other major currencies. While the loonie rose back against the greenback, it held steady against the rest of major currencies. As of 8:25 am ET, the loonie traded at 1.5223...

Canadian drug maker Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) Tuesday announced that it has submitted a merger proposal to the Board of Directors of Allergan, Inc. (AGN), under which each Allergan share would be exchanged for $48.30 in cash and 0.83 shares of Valeant common stock, based...