A pedestrian is reflected in a Suncor Energy sign in Calgary, Feb. 1, 2010. Suncor Energy has announced that nearly 73 per cent of Canadian Oil Sands shares and accompanying rights have been tendered to Suncor's offer.
Only 0.1 per cent of the world's oil production has been halted due to the collapse in crude prices, according to global consultancy Wood Mackenzie, suggesting the recovery will be slower than originally might have been expected.
LinkedIn Corp's shares plunged as much as 43% on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations.
Proposed construction of pipelines is a contentious issue in Canada and the U.S. Sarah A. Miller / AP. Share Adjust Comment Print.
e Canadian dollar was also higher for a second day, up 0.15 of a U.S. cent at 72.76 cents US after having soared 1.32 cents Wednesday in its biggest one-day gain in almost four years.