India, Aug. 22 -- Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
Data on Canadian retail sales for the month of June is due at 8:30 AM ET. The manufacturing sales data for July is also due at 8:30 AM ET.
Cenovus Energy Inc. (CVE) announced today that it has agreed to acquire MEG Energy Corp. (MEG) in a cash and stock deal valued at $7.9 billion. As per the deal, Cenovus will acquire MEG for $27.25 per share, to be paid 75% in cash and 25% in Cenovus shares.
Cenovus expects the deal to bring in more than $400 million of annual synergies from 2028 onwards, with $150 million to...