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Canadian spies met with energy firms, documents reveal

2013-10-09 13:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The Canadian government agency that allegedly hacked into the Brazilian mining and energy ministry has participated in secret meetings in Ottawa where Canadian security agencies briefed energy corporations, it has emerged. Claims of spying on the ministry by Communications Security Establishment Canada (CSEC) come amid the Canadian government's increasingly aggressive promotion of resource corporations at home and abroad, including unprecedented surveillance and intelligence sharing with companies....

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Canada: Kingston Raises Concerns over Enbridge's Canadian Pipeline Plans

2013-10-09 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

CBC: Kingston residents and elected officials say they have concerns about Enbridge Inc.'s plan to change how oil flows through a pipeline that runs through their community. Enbridge's Line 9 has carried foreign crude oil from Montreal to Sarnia, Ont., along a path that closely follows Highway 401 in eastern Ontario, cutting through communities such as Cornwall, Brockville and Kingston. With oil from Alberta now less expensive than imported oil, the Calgary-base energy company is seeking approval...

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Wabtec signs $63M Canadian contract

2013-10-08 18:54:51| Railroads - Topix.net

Wabtec Corp. subsidiary MotivePower has signed a $63 million contract with Canada's Metrolinx to build 10 low-emission locomotives, the company announced Tuesday.

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Canadian govt rejects Accelero acquisition of Allstream

2013-10-08 07:59:00| Telecompaper Headlines

(Telecompaper) The Canadian federal government has rejected the proposed acquisition by Accelero Capital of the Allstream division of Manitoba Telecom Services (MTS Allstream). The Canadian operator said it was "extremely surprised and disappointed" by the decision, adding that both companies responded "openly and constructively" to Industry Canada's requests for information in the 136 days since the transaction was announced. Accelero proposed far-reaching, comprehensive and binding undertakings to the Canadian government, including a commitment to invest USD 300 million over three years to pursue Allstream's capital plans. The government rejected the deal on national security concerns, and also rejected an offer from MTS and Accelero to take whatever actions were necessary to address government concerns. As a result of the fall-out, the Allstream division will once again be reported as part of MTS Allstream consolidated results. Results will be impacted by a one-off cost of CAD 35 million connected to the lost transaction. Excluding the impact of the additional transaction and restructuring costs, results were otherwise expected to be near the lower end of the original guidance ranges. The MTS subsidiary, which has not been impacted, continues to generate increased cash flow and is performing in line with expectations.

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Canadian Pacific Railway Limited Stock Rating Reaffirmed by CIBC

2013-10-08 06:46:13| Railroads - Topix.net

's stock had its "sector perform" rating reiterated by equities research analysts at CIBC in a research note issued to investors on Monday, StockRatingsNetwork reports.

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