Canada
Goldman Sachs Says CanWest Noteholders Are Abusing Bankruptcy Process Goldman Sachs Group Inc., which
holds an economic majority stake in Canwest Global
Communications Corp.’s specialty television business, sought the
annulment of Canwest’s sale to Shaw Communications Inc.
BP to Pay $7 Billion for Devon's Assets in Gulf of Mexico, Brazil, Caspian BP Plc, Europe’s largest oil and
gas company, will pay Devon Energy Corp. $7 billion for assets
in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that
may extend its production lead over Exxon Mobil Corp.
Metals Fall, Yen Strengthens on Speculation China Will Restrain Expansion Commodities fell and the yen
strengthened on increasing speculation that China, the world’s
fastest-growing economy, will slow its expansion to control
inflation. Stocks swung between gains and losses.
Premier Gold May Opt to Spin Off Hardrock Project in Ontario, Downie Says Premier Gold Mines Ltd., owner of
deposits in Canada’s Red Lake district with Goldcorp Inc., said
it may spin off one of its newer properties to boost the asset’s
value.
Brookfield, NAL, Norbord, Paramount Energy Trust: Canadian Equity Preview Shares of the following companies
may have unusual moves in Canadian trading. Stock symbols are in
parentheses.
Toronto to Sell 30-Year Bonds for First Time Since 1980s: Canada Credit Toronto, Canada’s largest city,
plans to sell 30-year bonds for the first time since the 1980s
to take advantage of federal government matching funds for
infrastructure projects.
Terra Industries Tells Yara That CF's $4.68 Billion Bid Is Superior Offer Terra Industries Inc., the target
of a bidding war, told suitor Yara International ASA that a
$4.71 billion offer from fertilizer producer CF Industries
Holdings Inc. is superior and asked for a counterproposal.
Bank of Canada Says Bernanke Collaborator Boivin to Become New Deputy The Bank of Canada said that Jean
Boivin, an economist from HEC Montreal who once co-authored a
paper with U.S. Federal Reserve Chairman Ben S. Bernanke, will
become deputy governor effective April 1, and that current
deputy governor Pierre Duguay will retire on July 29.
Apache's Canadian Export Terminal Is at Risk to Rising Asian Gas Supplies Apache Corp.’s biggest risk in
developing North America’s largest natural-gas export terminal
is increased global competition that could drive down prices and
prompt customers to renegotiate multiyear contracts, an
economist said.
Flaherty's Forecasts to Erase Canada Deficit Aren't `Prudent,' Page Says Canada’s Parliamentary Budget
Officer, Kevin Page, said Finance Minister Jim Flaherty’s
projections to erase the country’s deficit aren’t “prudent.”
Crosby's Stick, Glove From Olympic Hockey Final Were Found, CP Wire Says The missing stick and glove used by
Canadian hockey player Sidney Crosby in the Olympic gold-medal
final have been found, the Canadian Press reported.
Toronto Plans to Balance Its Operating Budget in 2011, Mayor Miller Says Toronto plans to balance its
operating budget in 2011, Mayor David Miller said. The balanced
budget will allow the city to limit property tax increases and
avoid a fare increase on the Toronto Transit Commission. Miller
spoke to reporters in Toronto today.
Protesters Oppose Canada Parliament Lawmakers' Seal Meat Lunch in Ottawa Canadian protesters today
demonstrated against a seal-meat lunch lawmakers will have in
the Parliamentary restaurant in defiance of a ban on seal
imports by the European Union.
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