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Linamar stock rout doesn’t reflect auto-industry reality, CEO says

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The CEO of Canadian auto-parts supplier Linamar Corp. says the company’s recent stock rout — down 26 per cent so far this month — is “frustrating” and reflects a couple of key misunderstandings about the health of the auto industry. Linda Hasenfratz said she believes there are two reasons behind …

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Upstart stock exchange Aequitas NEO snags first listing: a new PowerShares ETF

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Upstart exchange Aequitas NEO has secured its first listing. It’s a milestone to be sure, but one that illustrates the challenge of taking on the dominant Toronto Stock Exchange. The listing, to go live sometime in March once the application receives regulatory approval, is a new PowerShares exchange-traded fund (ETF) …

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Bombardier Inc plans reverse stock split as shares dive to lowest level in 25 years: sources

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MONTREAL — Plane and train maker Bombardier Inc, whose stock has hit its lowest level in 25 years, will soon announce plans for a reverse stock split, two sources familiar with the matter said, in order to remain a part of Canada’s benchmark stock index. The sources, who are not …

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Kinder Morgan Inc stock get boost as Warren Buffet takes stake

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Warren Buffett’s Berkshire Hathaway Inc. added an investment in Kinder Morgan Inc. during the fourth quarter, snapping up shares of the pipeline operator as its market value plunged. Shares in Kinder Morgan were up almost 10 per cent at US$17.16 in trading Wednesday. Berkshire held 26.5 million shares of the …

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London Stock Exchange is in merger talks with German rival Deutsche Boerse

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London Stock Exchange Group PLC is in merger talks with Deutsche Boerse AG, a tie-up that would create one of the biggest exchange companies in the world. 'If the TSE went dark, would it really matter?': What the future holds for Canada’s stock exchanges Depressed commodities and the oil collapse …

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CSX Corp’s stock surges on report of CP Rail takeover interest

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CSX Corp. jumped as much as 8 per cent after the close of trading in New York, following a report that Canadian Pacific Railway Ltd. approached the U.S. railroad about a takeover in January and was rebuffed. Shares rose to US$25.60 in the latest trade at 6:22 p.m. in New …

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