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Energy dealmaking in Canada slows as oil rallies

Canadian oil, natural gas and pipeline companies sealed $45.5 billion worth of deals in the first seven months of 2018, down 29% from the same time last year, as higher oil prices, government policies and pipeline bottlenecks inhibit the industry's appetite for consolidation. By comparison, US energy mergers and acquisitions rose 12% to $174.8 billion from January through July of this year.

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