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ExxonMobil offers $3.1B for Celtic's gas operations

ExxonMobil offers $3.1B for Celtic's gas operations

U.S. energy giant ExxonMobil is looking to add more lucrative natural gas liquids to its portfolio through a proposed $3.1-billion acquisition of Calgary-based Celtic Exploration Ltd.

Workers face layoffs

PotashCorp says it will temporarily lay off some of the 875 employees who work at two mines in Saskatchewan. The corporation says its mine in Lanigan will not operate between Nov. 18 and Jan. 12.

Oilpatch activity pushes TSX higher

Major acquisition activity in the Canadian oilpatch helped push the Toronto stock market higher Wednesday. The S&P/TSX composite index closed up 53.55 points to 12,461.

Microsoft reveals prices for tablets

In Canada, new Surface will sell for $519, $619 and $719

Trader confidence spurs market gain

The Toronto stock market made an enthusiastic gain on Tuesday as commodities prices strengthened alongside a round of U.S. earnings reports that gave traders further confidence. The S&P/TSX composite index rose 177.74 points to 12,407.

Business loan fix will hurt borrowers

Industry Canada plan to revamp program favours banks: CFIB

New locations boost A&W fund

A&W Revenue Royalties Income Fund's pool of burger restaurants has begun to show signs of improvement, although sales of older locations continued to decline compared with a year earlier - only at a slower pace.

Fewer carats, more value for Diavik

Harry Winston Diamond Corp. says the 2012 production target for the Diavik mine has been reduced to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.

Manufacturing sales increase 1.5 per cent

Statistics Canada says manufacturing sales rose 1.5 per cent to $49.5 billion in August, the highest level since March 2012. The gains mainly came in higher sales in the petroleum and coal products, and vehicle industries.

Telcos' EnStream venture divests mobile wallet

The EnStream joint venture set up by Canada's three largest mobile phone companies is selling its Zoompass mobile wallet business. It says Paymobile Inc.