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STB establishes schedule for regulatory review of CP merger with Kansas City Southern

STB establishes schedule for regulatory review of CP merger with Kansas City Southern

CALGARY — Canadian Pacific Railway Ltd. says its proposed acquisition of Kansas City Southern could be approved in about a year, after the U.S. regulator established a schedule for its regulatory review.
Fighting gas prices, US to release 50 million barrels of oil

Fighting gas prices, US to release 50 million barrels of oil

WASHINGTON (AP) — President Joe Biden on Tuesday ordered a record 50 million barrels of oil released from America's strategic reserve, aiming to bring down gasoline and other costs, in coordination with other major energy consuming nations including
Samsung says it will build $17B chip factory in Texas

Samsung says it will build $17B chip factory in Texas

Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices.
Five million viewers see Carlson's Rittenhouse chat

Five million viewers see Carlson's Rittenhouse chat

NEW YORK (AP) — Tucker Carlson reached 5.05 million viewers for his Kyle Rittenhouse interview on Monday , the Fox News Channel opinion host's largest audience since the night of the Jan. 6 riot at the U.S. Capitol.
New report recommends Canada form government-led consortium of semiconductor buyers

New report recommends Canada form government-led consortium of semiconductor buyers

TORONTO — A new report from Canada's Semiconductor Council says the country should form a government-led consortium of chip buyers by 2025 to overcome a global shortage crippling manufacturers and prevent further troubles.
Alimentation Couche-Tard boosts dividend even as profits slip in latest quarter

Alimentation Couche-Tard boosts dividend even as profits slip in latest quarter

LAVAL, Que. — Alimentation Couche-Tard Inc. is boosting its quarterly dividend by nearly 26 per cent even as its net earnings decreased in its latest quarter despite higher revenues.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,453.77, up 33 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 91 cents, or 2.84 per cent, to $33 on 24 million shares.
Laurentian Bank cutting office space in half as part of strategic review

Laurentian Bank cutting office space in half as part of strategic review

MONTREAL — Laurentian Bank of Canada is cutting in half its office space in downtown Montreal, Toronto and Burlington, Ont., as part of its strategic plan that it will unveil in a couple of weeks.
S&P/TSX composite rebounds from four-day skid as energy climbs on higher crude prices

S&P/TSX composite rebounds from four-day skid as energy climbs on higher crude prices

TORONTO — Canada's main stock index snapped a four-day skid as financials rose on higher bond yields and increasing crude oil prices lifted the energy sector. The S&P/TSX composite index closed up 33 points to 21,453.77.
Alta. oilpatch recruiting in Maritimes again as drilling set to rise in 2022

Alta. oilpatch recruiting in Maritimes again as drilling set to rise in 2022

CALGARY — After seven years of layoffs and hard times, employers in Alberta's oilpatch are once again flush with cash and out to lure workers from the Maritimes and other parts of Eastern Canada.