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Before the bell: Canadian oil stocks poised to take a hit

Jennifer Dowty, Chartered Financial Analyst, writes exclusively for Globe Unlimited subscribers. The Before the Bell report is updated throughout the premarket to reflect latest developments.

Good Thursday morning to you. Welcome to this first trading day of the second half of 2015

Markets will …

Stocks

K+S said to reject $8.6-billion takeover bid by Potash Corp.

-- K+S AG, the German potash supplier, plans to reject an $8.6 billion-plus takeover offer from Canadian fertilizer producer Potash Corp. of Saskatchewan Inc. because it deems the bid to be too low, according to people familiar with the matter.

The German company is preparing to announce its …

News (Canada)

Tesla beats delivery forecast with 52% quarterly sales surge

Tesla Motors Inc. beat its car-sales forecast for the second consecutive quarter with a 52-per-cent surge in the three months through June.

Tesla delivered 11,507 Model S sedans in the period, the Palo Alto, California-based manufacturer said Thursday in a statement of preliminary figures. The …

News (Canada)

Old school or new? Math teachers debate best methods as Canadian scores fall

Don’t get math teachers started on best teaching practices.

The discussions are emotional, heated and they don’t agree on much – except that Canadian kids are falling behind their peers in other countries, and there’s no clear solution.

There are generally two camps: those in favour of the old-school …

Mathematics Education

WestJet plane diverted following fourth threat in five days

A bomb threat believed to be a hoax prompted WestJet to divert a Vancouver-to-Toronto flight to Calgary on Wednesday night.

WestJet said flight WS722 landed safely and the 30 passengers and five crew members on board exited the aircraft via stairs.

The airline said it had diverted the Boeing 737-700 …

Aeronautics

Dutch police fire warning shots during unrest over arrest death

Dutch police fired warning shots and water cannon in efforts to quell hundreds of protesters, arresting 34, during a third successive day of unrest on Thursday triggered by the death of a Caribbean man in police custody.

The death from apparent asphyxiation on Sunday of Mitch Henriquez, 42, from the …

Police Bias

Strike begins at 9 Zehrs and Real Canadian Superstores in Ontario

A strike is under way at nine stores in southwestern Ontario owned by Loblaw Companies Ltd.

Workers walked out at midnight at three Zehrs Great Foods outlets in Windsor and another in nearby Kingsville, and at two Real Canadian Superstore outlets in Windsor and at stores in Chatham, Leamingston and …

News (Canada)

McGill students help Lac-Mégantic rise from the rubble

The Centre Magnétique is expected to open its doors in Lac-Mégantic, Que., next year, and when it does there will be more to celebrate than the completion of a new kind of community work space.

Many in the town of 6,000, located in Quebec’s Eastern Townships region, already see the centre as a …

News (Canada)

Sweden cuts key interest rate to record low

Sweden’s central bank has cut its key interest rate to a record low of minus 0.35 per cent saying “events in Greece over the past few days have substantially increased the uncertainty.”

In a statement, the bank says the consequences of the situation in Greece for the eurozone as a whole and for …

Sweden

Oil prices edge up after sliding on U.S. stock build

Oil prices edged up on Thursday, partially recovering from price falls of 2.5 to 4 per cent a day earlier as U.S. stockpiles rose for the first time in months on the back of high production.

Following a 4.2-per-cent drop on Wednesday, front-month U.S. crude futures were trading at $57.15 (U.S.) per …

Oil Prices

Daily Deal Roundup: Brookfield’s $6.8-billion great train robbery?

Given that the markets were closed for Canada Day yesterday, you won’t be surprised that there aren’t many deals to report today. But what the deals lack in number, they make up for in size, with Brookfield’s $6.8-billion offer for Australia rail freight firm Asciano making headlines on both sides …

News (Canada)

Trade woes are not merely a Canadian problem

If there’s any consolation in the frustrating lack of sustained momentum in Canadian exports (and for an export-focused economy there’s not much), it’s that we’re not alone. Much of the rest of the industrialized world is in the same rudderless boat.

To say Canada’s trade in recent months has been a …

Canada

Mirtle: Leafs viewed dumping Kessel as essential to their rebuild

Brendan Shanahan didn’t want Phil Kessel.

There’s really no other way to read into what happened on Canada Day than that. The Toronto Maple Leafs went into the two weeks after the Stanley Cup final if not hell-bent then at least incredibly determined to trade their top scorer.

Even if the return was …

Toronto

Premarket: Chinese shares tumble, Greece unease simmers

The U.S. dollar was near a three-week high on Thursday and world stock markets had a delicate feel, as the implication of U.S. jobs data later for a possible Fed rate hike added to Europe’s uncertainty over Greece.

Chinese shares also remained in focus as they suffered another heavy tumble overnight …

Greece

Canadian market for deals surges in first half of year

Canadian deal flow surged in the first half of the year, with large financings and acquisitions contributing to a hike in business for investment banks.

Canadian new equity issuances flew high in the first six months, as investment banks raised more than $30-billion for companies, according to data …

Finance (Canada)

Crashed plane had propeller problem that indicates engine stalled, Indonesia says

The aging Indonesian military transport plane that crashed into a residential neighbourhood of Medan killing 141 people had a propeller “abnormality” that indicates an engine stalled, the air force chief said Thursday.

Air Marshal Agus Supriatna told reporters the fact that the plane turned …

Asia

Images show Chinese airstrip on man-made South China Sea island nearly finished

China has almost finished building a 3,000-meter-long (10,000-foot) airstrip on one of its artificial islands in the disputed Spratly archipelago of the South China Sea, new satellite photographs of the area show.

A U.S. military commander had told Reuters in May that the airstrip on Fiery Cross …

Asia

Twelve detained in probe into tourist attack that killed 38, Tunisia says

About 12 people have been detained in the investigation into a massacre at a beach resort that killed 38 people, mostly British tourists, a Tunisian official said.

Tunisia’s Radio Mosaique reported Thursday that Lazhar Akremi, a senior official with the ruling Nida Tounes party, made the …

Tunisia

Ferry sinks off Philippines, at least 36 dead

A ferry carrying 189 passengers and crew capsized off the central Philippines in heavy waves on Thursday killing at least 36 people, the coast guard and police said, with at least 118 survivors.

It was not immediately clear whether the survivors were rescued or managed to swim ashore.

Police said …

Philippines

U.S. asks for extradition of FIFA officials, Swiss authorities say

The United States has submitted a formal request for Switzerland to extradite seven FIFA officials arrested as part of a corruption probe in Zurich in May, Swiss officials said Thursday.

Switzerland’s Federal Office of Justice said the requests were received July 1, within the 40-day deadline …

Switzerland

Will Mr. Tsipras meet his Waterloo?

In early 2012, when Greece had sunk into a 1930s-style economic depression and the streets of Athens were routinely set ablaze by protesters, an aspiring young politician named Alexis Tsipras spotted his moment and launched his effort to form a government.

He was 37 and his message was clear, …

Alexis Tsipras

Bomb threat against WestJet flight fourth incident this week

Moments after WestJet flight 323 landed at the Saskatoon airport Tuesday night, the plane’s captain took to the intercom.

He told the 113 passengers that the plane was the subject of a bomb threat and authorities had ordered them to stay on the runway and away from the terminal, passenger Depesh …

Flying

Ottawa reverses stance on health risks of asbestos in ‘landmark shift’

Health Canada has strikingly revised its position on the health risks of asbestos exposure, bringing the federal government more in line with other developed countries.

The recent changes to the department’s website are significant, with the page about asbestos replacing information that was dated …

Asbestos

Unsung hero Nicholas Winton saved hundreds from concentration camps

For half a century, Joe Schlesinger didn’t know who saved his life.

The former CBC foreign correspondent was 11 years old when he, his brother and more than 200 other children were placed on a train that whisked them away from Nazi-occupied Czechoslovakia to the Netherlands in June of 1939, just …

Nicholas Winton

The enduring leadership of Charleston’s mayor

As the leader of a city struggling with tragedy, Joseph Riley has tried his best to stay strong and keep his emotions in check. Until Wednesday, he had somehow succeeded. Then, as he was getting ready for work in the morning, he found himself suddenly in tears.

The past two weeks have tested …

Leadership

Chinese airstrip on disputed South China Sea islands almost complete

China has almost finished building a 3,000-metre-long airstrip on one of its artificial islands in the disputed Spratly archipelago of the South China Sea, new satellite photographs of the area show.

A U.S. military commander had told Reuters in May that the airstrip on Fiery Cross Reef could be …

Asia

Fuelled by Notley’s victory, NDP take on Liberal stars in heart of Toronto

Jennifer Hollett, the former MuchMusic VJ and now digital strategist, and Linda McQuaig, journalist and author, are the NDP candidates in the two federal ridings located in the heart of downtown Toronto – and right now, they are basking in an orange glow emanating from Rachel Notley’s …

News (Canada)

England knocked out of World Cup on heartbreaking own goal in semi-final

Laura Bassett’s own goal in the 92nd minute proved to be the heartbreaker as Japan punched it’s ticket through to the Women’s World Cup final with a dramatic 2-1 victory over England on Wednesday.

Fourth-ranked Japan, the defending champion from the 2011 World Cup in Germany and silver medallists at …

Japan

At July 1 citizenship ceremony, new Canadians mark first day of new lives

More than most, Lhundup Gyatso understands what it means to be a citizen.

The 41-year-old was born in Nepal, but didn’t have equal status because of his Tibetan ancestry. Without it, higher education and a professional career were impossible dreams.

Seven years ago, he came to Canada as a refugee and …

Citizenship

Glen Sather steps down as New York Rangers GM

Glen Sather is stepping down as the general manager of the New York Rangers and being replaced by long-time assistant Jeff Gorton.

In making the announcement of the front office change on Wednesday, Sather said he would remain as the Rangers president.

Sather also announced that Jim Schoenfeld has …

NHL