Advertisement
Canada markets close in 5 hours 18 minutes
  • S&P/TSX

    21,719.33
    -154.39 (-0.71%)
     
  • S&P 500

    5,000.38
    -71.25 (-1.40%)
     
  • DOW

    37,773.87
    -687.05 (-1.79%)
     
  • CAD/USD

    0.7295
    -0.0003 (-0.04%)
     
  • CRUDE OIL

    82.28
    -0.53 (-0.64%)
     
  • Bitcoin CAD

    87,010.30
    -2,049.80 (-2.30%)
     
  • CMC Crypto 200

    1,379.54
    -3.04 (-0.22%)
     
  • GOLD FUTURES

    2,342.90
    +4.50 (+0.19%)
     
  • RUSSELL 2000

    1,968.91
    -26.52 (-1.33%)
     
  • 10-Yr Bond

    4.7100
    +0.0580 (+1.25%)
     
  • NASDAQ

    15,434.12
    -278.63 (-1.77%)
     
  • VOLATILITY

    16.86
    +0.89 (+5.56%)
     
  • FTSE

    8,065.72
    +25.34 (+0.32%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • CAD/EUR

    0.6807
    -0.0012 (-0.18%)
     

Inter Pipeline cuts dividend, suspends sale of European storage business

(Reuters) - Canada's Inter Pipeline Ltd <IPL.TO> on Monday cut its monthly dividend by 72% and said it was suspending the sale process of its European bulk liquid storage business due to a steep drop in global energy prices.

Inter Pipeline said potential buyers of the business had been significantly affected due to the coronavirus pandemic. [nCNW6zK1Ga]

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D'Silva)