Major Encana shareholder rejects company's move to the U.S.

CALGARY – A firm that owns about four per cent of Encana says it will be voting against its proposed plan to move its headquarters from Calgary to Denver, Colorado. Letko, Brousseau & Associates Inc., an investment firm based in Montreal, says the company's move would affect Canadian investors and put pressure on the company's shares. "The company argues that new U.S. index fund investors would replace Canadian shareholders," Letko Brosseau said in a release. "That expectation is at be