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Encana Corp delays Alberta gas plants until royalty review concludes, boosts Texas spending

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CALGARY – Encana Corp. will push “pause” on a natural gas processing plant in northwestern Alberta until the results of a provincial royalty review are in and spend its money in Texas instead. “It’s only prudent to say, ‘We need to know the rules of the game before we start …

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TransCanada Corp wins contract to build US$500-million natural gas pipeline in Mexico

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CALGARY — TransCanada Corp. has won a contract to build, own and operate a US$500-million natural gas pipeline for Mexico’s state-owned power company. Calgary-based TransCanada says the Tuxpan-Tula Pipeline will help meet Mexico’s increasing demand for natural gas as the country shifts to the cleaner-burning fuel. The company says the …

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TransCanada Corp CEO vows to keep hiking dividends despite ‘worst commodity cycle I’ve seen’

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TransCanada Corp. is extending its plan to increase investor payouts by 8 per cent to 10 per cent annually through 2020 even after the U.S. rejected its US$8 billion Keystone XL pipeline. Forget tankers and pipelines, David Black says he has the best plan to export Canada's oil With prospects dimming …

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TransCanada Corp pulls Keystone XL application in Nebraska after Obama rejection

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TransCanada Corp. is withdrawing its application with Nebraska regulators for approval of the Keystone XL pipeline, less than two weeks after President Barack Obama rejected the project. The Calgary-based company said it’s inappropriate for the Nebraska Public Service Commission to move forward with a review of the route in the …

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Target Corp oversold – J.P. Morgan

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For the first time since chief executive Brian Cornell took over in August 2014, Target Corp. failed to beat earnings expectations and reported a year-over-year decline in gross margins. This has investors wondering whether the retail giant’s upward earnings revision cycle is running out of steam, and if its turnaround …

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Manulife Financial Corp faces more challenges ahead

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The collapse in oil prices has already taken a toll on Manulife Financial Corp., but one analyst is warning that more pain may be coming and analysts’ fourth-quarter earnings estimates don’t appear achievable. Gabriel Dechaine at Canaccord Genuity noted that Manulife recorded zero investment gains in 2015, compared to its …

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China Investment Corp retreats from Canada after mining, energy investments sour

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After a string of bad investments, China Investment Corp. (CIC) has shut down its Toronto office and is opening a new one in New York, part of a quiet retreat from Canadian natural resources by China’s state-controlled entities. Fortune Lost: The short, brutal and costly ride of China Investment Corp. …

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Why Potash Corp should take a run at Intrepid Potash…in a year

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Potash Corp. of Saskatchewan Inc. should consider a takeover of Intrepid Potash Inc. even though the analyst recommending such a deal doesn’t think it will happen for a year. Ben Isaacson at Scotiabank noted that Potash Corp.’s failed acquisition of Germany-based K+S AG was about both consolidation and accretion. However, …

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TransCanada Corp launches US$15-billion lawsuit against U.S. government for rejecting Keystone XL

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CALGARY – TransCanada Corp. said Wednesday it intends to file a challenge under the North American Free Trade Agreement (NAFTA) seeking US$15-billion in damages from the United States government over President Barack Obama’s denial of the Keystone XL pipeline. In addition, the Calgary-based company filed a lawsuit in U.S. Federal …

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Dundee Corp listened and responded with better proposal on amending its preferred shares

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The people have spoken and the people, in this case holders of Series 4 preferred shares issued by Dundee Corp. who responded negatively to an initial proposal, have emerged victorious. But they only won because Dundee listened and changed a plan that seemed destined to be shot down at a …

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