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Don’t expect TransCanada Corp to take a writedown on Keystone XL just yet


TransCanada Corp. has several options after U.S. President Barack Obama rejected its proposal to build the Keystone XL pipeline, but investors shouldn’t expect a writedown of the project’s costs just yet. Obama betrayed America’s closest ally over Keystone XL to prop up climate change legacy Claudia Cattaneo: Canadians of every …

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Kinross Gold Corp upbeat on latest plan to expand troubled Tasiast mine


Kinross Gold Corp. said Tuesday it is “encouraged” by its latest effort to expand the money-losing Tasiast mine in Mauritania, a project that has been plagued with problems since it was acquired. The Toronto-based miner said it is studying a two-phased expansion of the troubled mine in order to make …

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


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


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’


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


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


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


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


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


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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