Canadian Pacific Railway Ltd. (TSX:CP) is expanding in the U.S. Midwest by paying at least US$1.48 billion for the Dakota, Minnesota & Eastern Railroad Corp., a move that will help CP Rail extend its coal and agriculture business.
“It complements what we do and creates a new footprint for growth,” chief executive officer Fred Green told [...]

Canadian stocks fell for a second day after a report showing an unexpected increase in U.S. oil supplies reinforced concern that profits at energy companies including Talisman Energy Inc. will slow.
“We keep seeing reports that the world seems to be awash in excess crude oil floating around,” said Fred Ketchen, director of equity trading at [...]

Canadian stocks rose, rebounding from their biggest loss in more than three months, as oil prices turned higher. Energy shares including Suncor Energy Inc. gained.
Technology shares got a boost as Research In Motion Ltd. resumed its rally and closed at a record.
The Standard & Poor’s/TSX Composite Index added 91.99, or 0.8 percent, to 11,618.12, its [...]