Encana Corp.: GXS Group Inc.

GXS Group Inc.: The S P/TSX composite index was unchanged from Monday at 13,361.78, according to The Star. Shares in Open Text ran ahead $7.77 , or 10 per cent, to $85.32 as the software company said that it is buying U.S.-based cloud technology provider GXS Group in a cash-and-stock deal valued at approximately $1.17 billion. GXS Group Inc. a will become a subsidiary of Open Text based in Waterloo, Ont and The Toronto stock market closed flat Tuesday amid falling gold stocks, but the TSX found support from major corporate developments in the tech, energy and health-care sectors. Shares of Encana Corp. were up 62 cents, or 3.34 per cent, to $19.21 after the natural gas giant said it will create a new public company that will focus on southern Alberta. The Calgary-based company also announced a cut in its quarterly dividend to seven cents from 20 cents and that it would slash its workforce by 20 per cent as it struggles with persistently low prices. (www.immigrantscanada.com). As reported in the news.