The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
Tags: Canada
Lululemon suffer a drop in shares after customers complain about yoga pants
Following customer complaints on Groove and Wunder Under yoga pants, Canadian clothing company Lululemon’s shares drop to USD67.85.
Canada approves ConocoPhillips exploratory drilling in the Far North
ConocoPhillips's request of exploratory drilling is approved by Canada's NEB On Wednesday, Canada's National Energy Board approved ConocoPhillips's request.
Sinopec seeking to sell off shale acreage
In an unprecendented move, China's Sinopec is selling off shale gas acreages in Canada. An executive for the SInopec Group is seeking to sell half of its holdings in the two biggest shale gas acreages in Canada.
New Brunswick sets Startup Investment Fund with USD 5 million
The government of New Brunswick, a province in Canada, had invested USD 5 million for its Startup Investment Fund.
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The European Union and Canada had agreed on a trade pact worth billions of dollar last Friday that would integrate two of the world's largest economies.
Bank of Canada Governor Stephen Poloz expressed disappointment as to the country's economic performance despite signs of regained momentum.
Citing the national security provisions of the Investment Canada Act, the purchase of Accelero of the fiber optic network owned by MTS Allstream was blocked by the Canadian government.
The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.
According to sources, Giant Tiger Stores had been exploring the option to exit the company through a sale that could fetch USD800 million.
The Canadian federal government together with two of the largest provinces are working towards a common securities regulator.
Sunshine Oilsands Ltd announced the grant of the approval from the Alberta Energy Regulator. Sunshine Oilsands Ltd recently announced the receipt pf the final Alberta Energy Regulator approval and received Commercial Scheme Number 12010 for the Thickwood Project.
The Unifor union and GM Co. was able to meet and agree on the new collective bargain agreement. A tentative settlement on a new collective agreement between General Motors Co and Canda's Unifor union was reached to cover employee benefits for GM's CAMI assembly plant located in Ontario, Canada.
Shoppers Drug Mart's shareholders had cast an overwhelming vote in favor of Loblaw Co's buyout bid.
