Good morning, Calgary! It's –4 C at 7 a.m. Here's what's happening in the city today. 

Weather

After a chilly day yesterday, the weather will take a warmer turn today and through the rest of the week. We're expecting a high of 0 C today with the wind coming out of the west at 20 km/h. Overnight, the low will drop down to –8 C.

Those milder temperatures should hold throughout the week, with sunshine and a high of –3 C in the forecast for Tuesday and a high of –5 C expected on Wednesday.

Traffic

There are also two collisions on northbound Bow Bottom Trail approaching the exit to southbound Deerfoot Trail.

If you see anything happening on Calgary roads or southern Alberta highways, you can give Calgary Eyeopener traffic reporter Angela Knight a call at #1010, *1010 or 403-521-1010. You can also send a tweet to @CalgaryCommute.

News headlines

Suncor Energy and Canadian Oil Sands have come to terms on a $6.6-billion deal that, if approved by shareholders, ends a months-long public battle between the two Calgary-based companies. Canadian Oil Sands shareholders are now being offered 0.28 of a Suncor share — about 12 per cent more than before. The total price includes $2.4 billion in debt that Suncor will assume.

The companies issued a joint statement saying both boards of directors and major Canadian Oil Sands investor Seymour Schulich are supporting the revised bid. Canadian Oil Sands shareholders have until February 5th to make a decision.

The slumping economy in Alberta, coupled with the low loonie, is having a negative effect on a Montana town near the border. Some hotels and lodges in Whitefish are seeing a spike in vacancy rates, so some are offering discounts, even prices at par with the Canadian dollar. Jim Lockwood, who manages a mountain lodge in Whitefish, says he'll be running specials for Canadians, because they usually make up about 30 per cent of his business.

On your radio

David Gray and Angela Knight host the Monday morning edition of the Calgary Eyeopener on CBC Radio One from 6 a.m. to 8:30 a.m. They'll have all your news, weather, traffic, sports and business throughout the morning — you can tune in at 1010 AM, 99.1 FM, online at cbc.ca/calgary or through the CBC Radio app.

This daily roundup of news, weather and traffic stays live from 6 a.m. to late morning. What would you like to see here to start your day? Email us at calgarynewstips@cbc.ca or contact us via Twitter @CBCCalgary. Would you like to see your photo in this space? We'd love to share your photos of Calgary and area! Send your photos to calgaryphotos@cbc.ca