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NewsAlert: Dominion Diamond gets friendly takeover offer worth US$1.2 billion

TORONTO -Dominion Diamond Corp. says it’s accepting a US$1.2-billion friendly cash takeover offer from The Washington Companies. The privately held Montana-based company is offering US$14.25 per share for all shares of Dominion Diamond (TSX:DDC), which is one of the world’s largest diamond producers.

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‘The tide begins to turn,’ as central bank hikes rate for first time in 7 years

By Craig Wong THE CANADIAN PRESS OTTAWA-The Bank of Canada has hiked its benchmark interest rate to 0.75 per cent from 0.5 per cent, its first increase in nearly seven years, amid expectations of stronger economic growth this year. Such a move is bound to increase the costs of mortgages, ...

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Pembina & Veresen Announce Veresen Shareholder Approval of Business Combination

July 11, 20171:10 PM PR Newswire   CALGARY, July 11, 2017 /PRNewswire/ – Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) (“Pembina”) and Veresen Inc. (TSX: VSN) (“Veresen”) are pleased to announce that Veresen shareholders, at Special Meetings of Veresen’s common and preferred shareholders held today, voted to approve the previously announced plan of arrangement ...

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Foreign buyer activity in Ontario market about five per cent, government says

By Allison Jones THE CANADIAN PRESS TORONTO -Newly released figures show nearly five per cent of home purchases in Ontario’s Greater Golden Horseshoe region were made by non-residents since the Liberal government announced a foreign buyer tax. The 15 per cent tax is imposed on buyers in that area, stretching ...

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