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Canadian markets news

Air Canada looking for level playing field
Onerous restrictions and costs are hindering Air Canada's ability to expand and compete internationally, the airline's CEO said Wednesday.
Air Canada CEO says airport fees, other restrictions hinder ability to compete  Brandon Sun
Oils, banks lift TSX above 14000 for first time in 9 months
Canada's main stock market has closed at its highest level in more than nine months, fuelled by gains in energy and bank stocks.
The close: TSX rises to 7-month high as banks, energy shares climb  The Globe and Mail (subscription)
TSX scores a 9-month high, led by energy and financials  Reuters Canada
Bank of Montreal to cut about 1850 positions in bid to trim costs
The Bank of Montreal said Wednesday it is cutting about 1,850 positions from its workforce as consumers shift more of their banking online and technological advancements allow it to digitize some of its operations.
BMO plans more job cuts as profit slips on restructuring charge  The Globe and Mail (subscription)
BMO to lay off 1850, but raises dividend  Toronto Star
Bank of Canada says wildfires will hurt economy as it holds key interest rate
Canada's economic growth in the second quarter is expected to be weaker than predicted, the central bank said Wednesday, as it kept the key interest rate at 0.5 per cent.
Joe Chidley: Stephen Poloz forced to play an uncomfortable waiting game  Financial Post
Bank of Canada holds key interest rate temporarily due to Alberta wildfires
Canada's defence industry increasingly selling abroad: report
LAV III armoured vehicles on display at the CANSEC defence industry trade show in Ottawa, May 25, 2016. Leslie Young / Global News.
@Kady's Watchlist for May 25 – CANSEC 2016 hits the capital as ministers ...  Ottawa Citizen
New Report Highlights Critical Economic Impact of Canada's Defence Industry  Montreal Gazette
MTY Food shares soar on Kahala Brands acquisition
Food court mogul Stanley Ma's MTY Food Group Inc. has struck a friendly $400-million deal to acquire Arizona-based Kahala Brands Ltd.
Quebec food court champion MTY Foods takes a bite out of U.S. market with US ...  Financial Post
MTY enters into an agreement to acquire the shares of Kahala Brands Ltd.  Montreal Gazette
Nanaimo pulp mill to pay $135000 penalty
Nanaimo Forest Products Ltd.'s Harmac Pacific pulp mill will pay $135,000 in environmental penalties under the Fisheries Act for a 2013 effluent spill into Northumberland Channel.
Nanaimo's Harmac pulp mill penalized for 2013 spill  Nanaimo News Bulletin
Nanaimo forestry company fined for spill in Northumberland Channel  The Vancouver Observer
Loblaws brings 'Click and Collect' grocery option to Winnipeg
Loblaws has introduced its Click and Collect grocery pickup service at two Winnipeg locations. The service lets customers select their groceries online and then pick up the full order at a specific time and location for a fee between $3 and $5 ...
Superstore launches professional shopper service in Winnipeg  MetroNews Canada
Groceries to go  Winnipeg Sun
Province to spend $900 million on social housing retrofits
TORONTO -- Ontario's Liberal government plans to pour nearly $1 billion from its expected cap-and-trade revenues into retrofitting social housing apartments.
Kathleen Wynne plans major cabinet shuffle in June
Ontario, Canada Shooting For 5% EV Share Of All New Vehicles Sold By 2020  InsideEVs
Environment Minister Catherine McKenna talks climate change in Winnipeg
Huddled around tables and even on the floor, hundreds of people gathered with Canada's Environment Minister on Wednesday night in Winnipeg to discuss a national climate strategy.
Environment Minister Holds Town Hall
Environment Minister McKenna says carbon capture part of solution to climate ...  Regina Leader-Post