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Canadian markets news

Fortis diversifies with $6.9-billion deal for US transmission company ITC
St. John's-based Fortis Inc. spooked skittish investors on Tuesday with a premium-priced, $6.9-billion (U.S.) deal for Michigan-based transmission company ITC Holdings Corp.
Fortis Inc extends reach into U.S. with US$11.3B deal for power-line ...  Financial Post
Fortis (T.FTS) to snap up ITC in US$11.3 billion deal  Stockhouse
Montreal Gazette  
TSX loses two per cent as oil falls below US$28 a barrel
TORONTO -- The price of oil fell Tuesday to levels not seen in nearly 13 years, dragging down the Toronto Stock Exchange by two per cent as investors grow increasingly concerned there is too much crude on the markets.
Toronto stocks lose two per cent, oil falls below US$28 a barrel
TSX plummets, oil prices fall further  Monday Mag
Western First Nations launch $3B lawsuit over aboriginal oil
Lawyers behind a lawsuit over a long-simmering dispute concerning what two First Nations call federal mishandling of energy resources on their reserves say other bands are considering joining the legal action.
First Nations launch $3-billion lawsuit over handling of energy resources  The Globe and Mail
Poundmaker and Onion Lake Cree Nations file billion dollar lawsuit against ...  Edmonton Sun
Star Wars propels Cineplex to record year
It ran a total of just 14 days last December, but the latest installment in the Star Wars franchise was not only Cineplex's top film for 2015 but was a major force behind its best year ever.
Star Wars powers Cineplex to record earnings
Star Wars drives Cineplex to record annual revenue, fourth-quarter profit  The Globe and Mail (subscription)
CP Rail abandons threat of proxy battle in adjusting Norfolk takeover strategy
MONTREAL -- Canadian Pacific Railway is asking Norfolk Southern shareholders to push the U.S. railway's board to enter into merger negotiations.
Canadian Pacific wants vote on Norfolk Southern deal  The Daily Courier (subscription)
Shadow flipping of homes to be probed
An investigation has been ordered into allegations some Vancouver-area real estate agents and allied speculators engage in shadow flipping where they insert themselves as middlemen in property deals to exploit offshore buyers who will pay much more ...
Good news and bad on real estate front, says Eby  The Province
BC government scrambles to cope with real estate scandals  Vancouver Courier
Fertilizer maker Agrium's forecast disappoints, shares fall
(Reuters) - Agrium Inc AGU.TO AGU.N, a Canadian fertilizer and farm products retailer, joined rival Potash Corp of Saskatchewan Inc POT.
Calgary-based fertilizer producer Agrium sees Q4 profit jump to US$200 million  Regina Leader-Post
Agrium reports strong fourth quarter results  Digital Journal
Canadian dollar higher vs US dollar, other commodity currencies even as oil falls
TORONTO (Reuters) - The Canadian dollar firmed against a broadly weaker U.S. counterpart on Tuesday even as oil prices tumbled, although it lost ground against safe-haven currencies including the Japanese yen and the Swiss franc amid turmoil in ...
USD/CAD – Loonie Decouples from Oil Price Fall  MarketPulse (blog)
Low Canadian dollar should boost northwestern Ontario tourism, publisher says
Oil closes below $28 US a barrel, dragging TSX down 253 points
The price of a barrel of oil slid to its lowest level since September 2003 today, bottoming out below $28 US a barrel amid more signs the world is still drowning in excess crude.
Oil down 8% on gloomy US, global demand outlooks  The Globe and Mail
Oil prices tumble 7% as fears of record high U.S. stockpiles grow  Financial Post
Gas prices plunge to 62.9 cents in Calgary, 56.9 cents in Edmonton
Gas prices have plunged again in Calgary, but they're still not as low as what people are paying at the pumps in the provincial capital.
Gas prices in Edmonton-area drop below 60 cents, a more than 10-year low  CTV News
Gas drops below 60 cents a litre in Edmonton  CKNW News Talk 980