+ Finance Minister Flaherty says Canada’s housing market bubble-burst predicted by economists is an overblown scenario; Canada will have a soft landing, says gloom and doom like U.S. market collapse is not going to happen here … notwithstanding high consumer debt levels
+ Keystone XL Pipeline approval remains in the news; delays and cancellations of projects in the range of $9 billion based on RBC report; congressional measures to circumvent Obama approval underway while environmental lobby continues lobbying
+ Kinder Morgan Canada filings begun for its $5.4 billion 1,150 km pipeline expansion/tripling of Trans Moutain oil pipeline capacity
+ Lignol Energy Corporation agreed to acquire majority interest in Territory Biofuels Limited, will re-start larges biodiesel refinery in Australia
+ Morguard Sunstone Real Estate Income Fund unitholders approve a termination of the fund
+ Veresen Inc.’s Jordan Cove Energy Project LP filed regulatory application to construct LNG facility at Coos Bay, Oregon
NEWS REVIEW May 21 - 27
+ Advantage Oil & Gas Ltd. completed a review, soliciting strategic transaction to maximize value
+ Bengal Energy Ltd. formed JV with Beach Energy Ltd. to develop CooperBasin properties in Australia
+ Canadian Western Bank completed acquisition of 55% of McLean & Partners Wealth Management Ltd.
+ Edleun Group Inc. rebranding as BrightPath Early Learning Inc.
+ Griffiths Energy International Inc.’s shareholders approved name change to Caracal Energy
+ IBI Group Inc. suspended its dividend . . .
+ Kingsway Financial Services Inc. acquired Trinity Warranty Corporation
+ Loblaw Cos. Ltd. setting up a REIT, to be called Choice Properties Real Estate - $7 billion portfolio
+ Manitoba Telecom Services Inc. agreed to sell MTS and Allstream to Accelero Capital Holdings; transaction value $520 million
+ Pacific NorthWest LNG Ltd. awarded engineering contractors for its LNG facility near Prince Rupert; Bechtel, KBR/JGC joint venture, and Technip/Samsung Engineering/China Huanqiu joint
+ Palliser Oil & Gas Corporation adopted a shareholder rights plan