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Canadian Natural Resources barrels ahead with Horizon oilsands expansion

2016-03-03 16:12:58| Energy - Topix.net

Canadian Natural Resources Ltd. says it's committing $2 billion of this year's capital budget to advancing its Horizon project and then expects the oilsand operation's funding requirements to drop in 2017 and thereafter. The Calgary-based company views Horizon as a key part of its future business plan, as it depends less on conventional sources of oil and gas.

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TD Asset Management Inc. Sells 549,443 Shares of Canadian Imperial Bank of Commerce

2016-03-03 12:43:24| Grocery - Topix.net

TD Asset Management Inc. cut its position in Canadian Imperial Bank of Commerce by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission . The firm owned 22,789,097 shares of the company's stock after selling 549,443 shares during the period.

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Insider Selling: Canadian National Railway Company (CNR) Director Sells 82,101 Shares of Stock

2016-03-03 08:30:20| Railroads - Topix.net

Canadian National Railway Company Director Claude Mongeau sold 82,101 shares of Canadian National Railway Company stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of C$79.03, for a total value of C$6,488,310.67.

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The Wall Street Journal: CSX rebuffed $20 billion Canadian Pacific merger offer

2016-03-02 04:04:41| Railroads - Topix.net

Canadian Pacific Railway Ltd., which is pressing an unwanted takeover bid for Norfolk Southern Corp., recently revived a $20 billion-plus effort to combine with CSX Corp. in the latest sign of its eagerness to bring consolidation to the industry. in January, according to people familiar with the matter and Canadian Pacific Chief Executive Hunter Harrison.

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Canadian TV providers accused of giving cheap bundles cold shoulder

2016-03-01 20:21:25| Telecom - Topix.net

Consumer advocates accused Canadian telecom and cable companies of failing to adequately promote the launch on Tuesday of cheaper basic packages of television channels under sweeping new rules imposed by the country's broadcast regulator. Rogers Communications Inc and BCE Inc's Bell, two of Canada's biggest distributors, listed the C$25 basic service on their websites by the March 1 deadline, but placed the "skinny" packages and smaller groups of add-on channels below more expensive and expansive offerings.

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