+ Bank of Canada maintained its target overnight rate at 1.0%
+ Canada’s Department of Finance announced proposed amendments to the Income Tax Act involving the income tax treatment of specified investment flow-through entities (SIFTs), real estate trusts (REITs) and publicly-traded corporations
+ Dundee Real Estate Investment Trust agreed to acquire 29 building portfolio (some are in Calgary) from Blackstone Real Estate Advisors LP & Slate Properties for $832 million
+ Ensign Energy Services Inc. agreed to acquire the land drilling division of Rowan Companies Inc. for US$510 million
+ Environment Minister Peter Kent unveiled $50 million oilsands monitoring plan
+ gold hit record high close of US$1612.20/ounce as investors seek safety
+ Greece’s credit rating cut to junk status; default likely on heels of EU bailout
+ Irving Oil acquired marine terminal in South Portland, Maine in a JV with Bukeyer Partners LP
+ Ivanhoe Cambridge announced a change of business strategy & new organizational structure
+ Jack Layton, leader of Canada’s Official Opposition in Parliament, stepping aside to focus on treatment of his new cancer diagnosis
+ Murphy Oil Corp. sold the smallest of its 3 refineries; Superior Wisconsin facility sold to Calumet Partners for $214 million
+ Pembina Pipeline Corporation had a spill from its Moosehorn gathering system pipeline near Swan Hills
+ stock markets down on uncertainty over debt issues in U.S. and Europe
+ Torque Energy Inc. closed its acquisition of Midway Petrolem et al assets for $1.3 million
+ TransCanada Corp’s Bison natural gas pipeline suffered an explosion at Gillette Wyoming
+ U.S. President Barack Obama did a television address to update the U.S. debt ceiling political gridlock while risk of default looms; meanwhile congress and senate arm-wrestle over alternative plans that seem to make everyone unhappy . . .stay tuned
+ weekly economic update from ATB Financial
+ Zargon Oil & Gas Ltd. closed $24.5 million sale of assets in the Williston Basin
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