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UPDATE 2-Sears to cut Sears Canada stake to raise cash for holiday season
(Adds details; updates shares). By Sruthi Ramakrishnan. Oct 2 (Reuters) - Struggling Sears Holdings Corp said it would raise up to $380 million by selling most of its stake in Sears Canada Inc through a rights issue, generating much-needed cash ahead of ...
Sears Seeks to Raise Funds Through Rights Offering in Sears Canada Unit  New York Times
Sears to Sell Most of Stake in Canada Unit to Shore Up Liquidity  Wall Street Journal
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Canadian dollar gaining ground as reserve currency, IMF data shows
The Canadian dollar isn't looking great compared to its U.S. counterpart of late, but foreign governments are buying up more loonies to keep in their currency reserves - a vote of confidence in the loonie over the long run.
CANADA FX DEBT-C$ firms as investors book greenback profits  Reuters
Loonie rises for 2nd day as greenback weakens, oil slides below US$90 a barrel  Medicine Hat News
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Streamlining and updating routes highlights CP Rail strategy
Upgrading tracks and terminals while tearing up underused railroads will help Canadian Pacific Railway Ltd. boost train speed and improve service, the company said on Thursday.
CP Rail shares rise on new four-year plan, but analysts caution targets may ...  Financial Post
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Resource stocks push Toronto stock market lower
TORONTO -- The Toronto stock market extended its losses Thursday amid a second triple-digit slide, with resource stocks leading the selloff as oil and metal prices broke through important levels amid worries about a faltering global economy.
TSX nears 4-month low as energy shares drop with oil price  MSN Canada
Canada Stocks Fall, Extend 4-Month Low as Crude Slips Below $90  Businessweek
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$1.4B carbon capture megaproject officially launches
The eyes of the world are on a huge industrial project in southeast Saskatchewan today - the official opening of the Boundary Dam carbon capture and storage facility.
Canada launches $1.25bn large-scale carbon capture and storage plant
SaskPower launches world's first commercial CCS process  Lifestyles Publications
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Labrador power line suspended as Alderon works on financing
Construction work on a new transmission line for western Labrador has been suspended amid signs of another sign of a slowdown in the mining industry.
Trouble securing financing has much-anticipated power line on hold in Labrador  680 News
Lab City, Wabush Still Processing Third Line Announcement  VOCM
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Ford hiring 1000 in Oakville, using Hamilton steel
Ford Motor Company of Canada says it's adding more than 1,000 hourly jobs at its Oakville assembly plant in preparation for the launch of its 2015 Ford Edge crossover utility vehicle.
Ford Canada supplier to cut 525 jobs after automaker says it's hiring ...  Financial Post
Union hopes for job additions at Ford plant in Windsor, Ont.
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Three First Nations, Crown corporation join to buy Jericho Lands in $307m deal
Three Lower Mainland First Nations have partnered with a federal Crown corporation to acquire three former federal government properties worth $307.2 million, including the 52-acre ... Oct. 2, 2014, 7:49 a.m.. Real Estate. By Naoibh O'Connor/Vancouver ...
'Historic' BC land deal makes feds, First Nations partners  Toronto Sun
Musqueam Chief dispels rumours  CKNW News Talk 980
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Former CEO of Manitoba Crown agency not working but still getting paid
The former head of Manitoba Public Insurance has been getting contract money from the Crown corporation and doing no work. Marilyn McLaren retired as CEO last February and received a six-figure severance package.
$50K to do nothing: Retired MPI boss paid to be replacement's understudy  Winnipeg Sun
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Community Mail Boxes Coming
Canada Post is transitioning around 5,000 area residents from door-to-door delivery to community mailboxes in Fall 2015. Residents in Windsor, Tecumseh and Lakeshore with postal codes starting with N8N, N8P and N9K will be affected by the change.
Home mail delivery ends in Tecumseh next fall  Windsor Star (blog)
Community Mailbox Transition To Begin In East Windsor, Tecumseh, Lakeshore  windsoriteDOTca
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