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Canadian consumers prioritise debt repayment in 2017

Canadian consumers prioritise debt repayment in 2017

Paying down debt is the top financial priority for Canadians in 2017, according to new research from CIBC.
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Canadian Stock Picks – Michael Sprung on BNN Market Call Tonight

Canadian Stock Picks – Alaris Royalty Corp, AD, ARC Resources Ltd, ARX, AGT Food and Ingredients Inc, AGT [+] Read More

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Cenovus Energy (TSE:CVE) to revive work on Christina Lake oil sands expansion

Canadian oil producer Cenovus Energy Inc (TSE:CVE, Mkt cap 17.73B, Div/yield 0.05/0.95, EPS -1.53, Shares 833.29M) is to resume work at an oil sands project that was shelved two years ago due to declining oil prices.
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Inter Pipeline Ltd (TSE:IPL) and Pembina granted royalty credits for new petrochemical plants

Inter Pipeline Ltd (TSE:IPL, Mkt cap 10.19B, P/E 20.80, Div/yield 0.14/5.79, EPS 1.35, Shares 360.48M) said on Monday that it will receive up to C$200m in royalty credits from the Petrochemical Diversification Program. Credits were awarded in support of Inter Pipeline’s proposed construction of a C$1.85bn propane dehydrogenation (PDH) facility near Fort Saskatchewan, Alberta. [+] Read More

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Enbridge Inc (TSE:ENB) sells Saskatchewan pipelines for $1 billion

Pipeline company Enbridge Inc (TSE:ENB, Mkt cap 51.74B, P/E 27.07, Div/yield 0.53/3.85, EPS 2.03, Shares 938.63M) announced last week the sale of liquids pipelines and related facilities in southeast Saskatchewan and southwest Manitoba, known as the South Prairie Region assets, to Tundra Energy Marketing Ltd for C$1.075bn in cash.
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Oil Pipelines – Canadian Government approves two major pipeline projects

Oil Pipelines – Minister of Natural Resources, Jim Carr, and Minister of Transport, Marc Garneau, announced on Tuesday that Kinder Morgan’s C$6.8bn Trans Mountain Expansion Project had been given the green light, subject to 157 conditions.
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TSE:IAG – iA Financial Group acquires Groupe PPP

iA Financial Group (TSE:IAG, Mkt cap 5.62B, P/E 14.88, Div/yield 0.32/2.30, EPS 3.74, Shares 102.93M), formerly known as Industrial Alliance Insurance and Financial Services Inc, confirmed last week that it has acquired Quebec-based Groupe PPP Ltée for an undisclosed sum. [+] Read More

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Low oil prices – the Canadian oil and gas industry faces continued challenges

Low oil prices – Canada’s oil and gas industry is facing “sustained challenges”, the country’s drilling association said on Tuesday as it released its 2017 drilling forecast.
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