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Canadian markets news

Counting the cost of CIBC's exit from co-branded retail electronic banking ...
The scrapped Loblaw deal marks the third memorial/tombstone commemorating CIBC's push to provide back office banking services to customers of another financial institution.
Where does the CIBC-PC Financial breakup leave consumers?  CBC.ca
Five things to know if you're a President's Choice Financial client  The Globe and Mail
Toronto Sun  
$800M 8-year maintenance contract awarded for new navy ships
The federal government has awarded an $800-million contract to perform future maintenance and repair work on the Royal Canadian Navy's new vessels to the Canadian subsidiary of a French multinational corporation.
French defence giant's Canadian subsidiary gets $5.2-billion contract  The Globe and Mail
Update: Thales Canada adding 60 Ottawa jobs with $800M Arctic ship support ...  Ottawa Business Journal
Quebec man seeks to file class action against Netflix over fee hikes without ...
The man is alleging the company violated strict consumer rights rules when it upped their fees. Earlier this month, Netflix announced it was hiking prices for new members, effective immediately, and would do the same for existing users after notifying ...
Quebecer seeks to file class action against Netflix over fee hikes without ...  Montreal Gazette
Quebec law firm seeks to file class action against Netflix over fee hikes  Cape Breton Post
Wal-Mart Stores Sees Continued E-commerce Strength
While other retailers are having trouble luring shoppers to their stores, Wal-Mart Stores Inc. on Thursday said its comp-store traffic for second-quarter 2018 rose 1.3 percent and comparable-store sales increased 1.8 percent for the period ended July ...
Wal-Mart's profit margins fall; quarterly outlook disappoints  Reuters
Ottawa approves $60-million in funding for electricity in remote Ontario First ...
The federal government has approved up to $60-million in spending to bring electricity transmission to the remote First Nations community of Pikangikum, where lack of reliable power is contributing to a social and mental-health crisis in the community.
First Nations-owned company receives 'up to $60M' to connect ...  CBC.ca
Ottawa to spend $60M connecting Pikangikum First Nation to power grid  CTV News
Millennials want to own homes, but believe cost, wages make ownership ...
A new survey suggests that Millennials want to buy homes but feel that high home values and job uncertainty are holding them back.
Half of 'peak' millennials renting, while 14% still live with ...  Calgary Herald
Manitobans in late 20s confident about home ownership: survey  Winnipeg Free Press
BC tug that rammed another left unattended at full speed: safety board
Photo from the report on the ramming of the tugboat Albern by the larger tugboat C.T. Titan (pictured). Transportation Safety Board / PNG.
Misaligned rudder contributed to last year's tugboat collision near Gabriola  Nanaimo News Bulletin
Unattended vessel navigation controls led to May 2016 collision between 2 ...  Canada NewsWire (press release)
Ex-JC Penney executive tapped for CFO gig at Hudson's Bay Company
TORONTO -- Hudson's Bay Company has tapped the former chief financial officer of another struggling retailer, J.C. Penney, to fill its vacancy.
Hudson's Bay names JC Penney's Edward Record as new CFO  The Globe and Mail
HBC Names Edward Record Chief Financial Officer  Stockhouse
Surrey chiropractor ordered to pay almost $20000 for ICBC fraud
A Surrey chiropractor has been ordered to pay almost $20,000 after he was found guilty of defrauding ICBC. Dr. Maninder Singh Badyal, the owner of Absolute Health and Wellness Clinic in Surrey, was convicted in June of committing fraud over $5,000 and ...
Surrey chiropractor convicted for ICBC fraud, sentenced to $20K fine  Peace Arch News
Surrey chiropractor Maninder Singh Badyal sentenced to pay nearly $20000 for ...  Voiceonline.com
All the Companies Who Say Hate Groups Can't Use Their Services Anymore
Corporate America is acting swiftly amid the ongoing political firestorm over race relations sparked by a white nationalist rally in Virginia last weekend that turned fatal.
Keep the Internet's Backbone Free From Censorship  Bloomberg
Silicon Valley's Nazi Purge Kicks Into Overdrive  Vanity Fair