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The Canadian dollar was flat Monday at the start of a key week for the currency.At late morning, the dollar was unchanged from Friday’s close at 88.68 cents US amid gains in Canadian wholesale sales during August.

CP Rail ends talks with CSX, but continues to push for rail mergers

Canadian Pacific Railway Ltd. says talks with potential takeover target CSX Corp. have ended but CP continues to lobby hard for North American railroad companies to be allowed to merge despite tough restrictions.
Canadian Pacific Pushes for Mergers After CSX Talks End  
Canadian Pacific ends railroad merger talks with CSX  

Moody’s maintains Canada’s triple-A rating, but raises concerns about house …

OTTAWA — Canada is maintaining its triple-A credit rating thanks to a steady economic outlook, but the country also faces potential risks amid mounting household debt and climbing house prices, Moody’s Investor Service said.
Moody’s concerned about Canada’s household debt  
Canada’s Budget Target Supports Top Rating, Moody’s Says  
Canadians’ ability to weather a downturn in the housing market is much lower now than in the past because of their “constrained liquidity,” says the president of the Canada Mortgage and Housing Corporation.
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