Oil pressures Canadian dollar, bonds ignore data and fall
The Canadian dollar extended its slide against the U.S. dollar on Wednesday, pressured by lower oil prices after five days of losses.
RIM plans offer to buy Certicom
BlackBerry maker Research In Motion said on Wednesday it plans to make a direct takeover offer to Certicom Corp shareholders of C$1.50 a share in cash because it has been unable to advance talks with the encryption software firm's management.
Scotiabank to issue shares in deal for CI stake
Bank of Nova Scotia is issuing shares as part of its deal to buy 37 percent of money manager CI Financial Income Fund from insurer Sun Life Financial , thus saving some cash in a C$2.3 billion transaction that was previously announced as being all cash.
Enbridge sees higher '09 profit, boosts dividend
Enbridge Inc , Canada's No. 2 pipeline operator, said on Wednesday it boosted its dividend by 12 percent after determining it will likely generate a bigger than expected profit in 2009.
Total pulls out of bid for Nexen: report
CALGARY, Nexen Inc shares plunged by more than 24 percent early on Wednesday as speculation waned that Canada's No. 4 oil exploration firm would be the target of a hostile takeover bid by French oil major Total SA .
Coalition stimulus seen under C$30 billion
John McCallum, a Liberal Party of Canada legislator and the senior economic adviser to the party's leaders, said on Wednesday that the economic stimulus that would be put forward by a proposed coalition government would be "substantially lower" than the C$30 billion ($24 billion) reported by various media.