TORONTO, Sept 17 (Reuters) – Lowe’s Cos Inc said on
Monday it had withdrawn its C$1.8 billion ($1.86 billion)
proposal to buy Rona Inc in the face of stiff
opposition to the unsolicited bid for the Canadian home
improvement retailer.

Quebec-based Rona, Canada’s home-grown answer to Lowe’s and
Home Depot Inc, had rejected the C$14.50-per-share offer,
saying it was not the best deal for its stockholders.

TORONTO/DETROIT, Sept 14 (Reuters) – Just three days before
a strike deadline, the Canadian Auto Workers (CAW) and the three
Detroit automakers were far apart on major contract issues on
Friday, with Chrysler Group’s chief executive warning workers
they must be more realistic in their expectations.

Negotiations with Chrysler Group LLC, General
Motors Co and Ford Motor Co have “intensified”, the
CAW said on Friday, but little progress has been made.

TORONTO (Reuters) – Shares of MacDonald, Dettwiler and Associates Ltd (MDA.TO: Quote, Profile, Research, Stock Buzz) fell 5.9 percent on Thursday after the U.S. Department of Justice cast doubt on its plans to acquire the satellite manufacturing arm of Loral Space & Communications Inc (LORL.O: Quote, Profile, Research, Stock Buzz).

The two companies late on Wednesday disclosed that the U.S. regulator has asked for additional information on the proposed deal, a move that analysts believe potentially jeopardizes both the timing of the deal and the likelihood of its closing.

TORONTO (Reuters) – Shares of ShawCor Ltd (SCLa.TO: Quote, Profile, Research, Stock Buzz) soared on Thursday after the company, which has a dominant position providing niche pipeline services to the oil and gas industry, said it was exploring the possibility of putting itself up for sale in a deal that could fetch C$3 billion ($3.05 billion) or more.

Analysts expect an array of both strategic buyers and private equity firms to be attracted by the Toronto-based company.

TORONTO (Reuters) – A proposal by Lowe’s Cos Inc (LOW.N: Quote, Profile, Research, Stock Buzz), the world’s No. 2 home improvement chain, to buy Canada’s Rona Inc (RON.TO: Quote, Profile, Research, Stock Buzz) for C$1.8 billion ($1.8 billion) has come at an inopportune moment.

The offer, rejected by the do-it-yourself retailer, is raising hackles in Rona’s home province of Quebec, where the ruling Liberals face a tough challenge from the pro-independence Parti Quebecois in an election campaign that began this week.

TORONTO, Aug 2 (Reuters) – A proposal by Lowe’s Cos Inc
, the world’s No. 2 home improvement chain, to buy
Canada’s Rona Inc for C$1.8 billion ($1.8 billion) has
come at an inopportune moment.

The offer, rejected by the do-it-yourself retailer, is
raising hackles in Rona’s home province of Quebec, where the
ruling Liberals face a tough challenge from the pro-independence
Parti Quebecois in an election campaign that began this week.

TORONTO, Aug 1 (Reuters) – Canadian miner Kinross Gold Corp
named Paul Rollinson its new Chief Executive late on
Wednesday, replacing long-time CEO Tye Burt, who spearheaded its
massive acquisition of Red Back Mining that has so far failed to
live up to expectations.

The announcement, just ahead of Kinross’s quarterly results
next week, has some on Wall Street fearing further bad news from
the miner which has already seen its share price halve within
the last year.

TORONTO (Reuters) – Research in Motion(RIM.TO: Quote, Profile, Research) refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the government the encryption keys to its secure corporate email and messaging services.

India is one of the Canadian smartphone maker’s few growing markets, where it is expanding aggressively. The company is facing falling sales elsewhere as customers abandon the BlackBerry in favour of Apple’s iPhone and a slew of devices using Google Inc’s (GOOG.O: Quote, Profile, Research) Android software, leading to RIM’s shares falling by more than 50 percent over the past one year.

TORONTO (Reuters) – Research in Motion refuted on Wednesday a new round of Indian media reports, which claim that the BlackBerry maker has granted the Indian government the encryption keys to its secure corporate email and messaging services.

India is one of the Canadian smartphone maker’s few growing markets, where it is expanding aggressively. The company is facing falling sales elsewhere as customers abandon the BlackBerry in favor of Apple’s iPhone and a slew of devices using Google Inc’s Android software, leading to RIM’s shares falling by more than 50 percent over the past one year.

TORONTO, July 31 (Reuters) – The takeover of Canadian stock
market operator TMX Group by a group of financial
institutions has been approved by TMX’s shareholders, bringing
all of Canada’s main securities exchanges under a single
umbrella.

The approval of the C$3.8 billion ($3.8 billion) bid creates
a new entity that combines the Toronto Stock Exchange with its
main rival, Alpha. It also folds in the Canadian Depository for
Securities, which clears and settles all stock trades in Canada.