Calgary-based Enbridge Inc. is laying off about five per cent of its workforce, the company announced Wednesday. Approximately 530 positions were impacted, including about 370 in Canada and 160 in the U.S., company spokeswoman Suzanne Wilton said in an email. Last month, the company announced plans to buy Houston-based Spectra Energy Corp. for stock worth $37 billion. The combination of the two pipeline companies would create a North American energy infrastructure giant, to be called Enbridge Inc. and headquartered in Calgary. The combined company's natural gas pipelines business would be based in Houston and the liquids pipelines business would be based in Edmonton.

Source: CBC News October 19, 2016 17:45 UTC