Canadian Energy Issues

After months of excruciating uncertainty, the CANDU situation has been resolved somewhat. As everyone predicted, SNC-Lavalin has agreed to purchase the CANDU reactor part of Atomic Energy Canada Ltd. I won’t go into the ins and outs of the deal. I’ll just focus on what needs to happen now. Assuming the deal is indeed finalized in October, CANDU Energy Inc.—the SNC division that will absorb AECL’s CANDU business—faces good prospects …Read the rest of the article