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An unlimited liability corporation (ULC) within Canadian corporate law is a Canadian corporation designation, wherein shareholders are liable up to unlimited amounts for any liability, act or default of the corporation. By comparison, in most corporations, shareholders are not usually liable due to a limited liability model.
CNOOC Petroleum North America ULC, formerly known as Nexen, is a Canadian oil and gas company based in Calgary, Alberta.. Originally the Canadian subsidiary of US-based Occidental Petroleum (known as Canadian Occidental Petroleum or CanOxy), it became an independent company, Nexen, in 2000.
Encana Corporation was a Canadian independent petroleum company that existed from 2002 to 2020. The company, stylised as EnCana until 2010, was created by David P. O'Brien of PanCanadian Petroleum and Gwyn Morgan of the Alberta Energy Company through the merger of their companies.
On January 24, 2020, after receiving shareholder approval, the company completed the transfer of its corporate domicile from Canada to the United States, [3] [4] Ovintiv Canada ULC retains an office in Calgary. [5] In June 2020, the company announced layoffs of 25% of its workforce. [6] [7] [8]
Corporations Canada is Canada's federal corporate regulator, operating under Innovation, Science and Economic Development Canada. It is responsible for administering laws regarding the incorporation of Canadian businesses as well as "corporate laws governing federal companies, except for financial intermediaries ."
In May 2018, CVC Capital Partners paid $160 million for the acquisition of OANDA Global Corporation (OANDA), [30] [31] a global online retail foreign exchange trading platform, currency data and analytics company headquartered in Toronto, Ontario, Canada. [32] Towards the end of 2019, CVC Capital Partners purchased Ontic from BBA Aviation for ...
Canada is a country in the northern part of North America. Canada is the world's eighth-largest economy as of 2022 [update] , with a nominal GDP of approximately US$2.2 trillion. [ 1 ] It is a member of the Organisation for Economic Co-operation and Development (OECD) and the Group of Seven (G7), and is one of the world's top ten trading ...
Also that year, foreign-controlled corporations operating revenues in Canada averaged $96 million, compared with less than $2 million for their Canadian-controlled counterparts. In 2006, 34 Canadian companies were purchased by foreign interests worth $62 billion, nearly 4% of Canada's market value .