Sears Loses TakeOver

Sears Holdings Corp. failed to comply with the province's securities law when it bid for Sears Canada Inc., the Ontario Securities Commission ruled Tuesday in a decision that kills the current takeover bid. Globe and Mail

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Oil prices pulled back slightly on Tuesday, one day after jumping to near-record levels following BP's decision to shut down the biggest oilfield in the U.S. CBC News

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Building permits dipped in June as the housing market showed signs of cooling, but the fall was cushioned by a burst of industrial construction activity in oil-laden Alberta. CTV News