Once the deals close, there will be only three major companies — CNRL, Suncor and ExxonMobil majority-owned Imperial Oil Ltd. — dominating Canada's oil sands industry.
The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.
Goldcorp (NYSE:GG,TSX:G) is teaming up with one of the world's largest computer companies to help if find more gold at its storied Red Lake mine in Ontario.