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Canadian markets news

Alberta deficit forecast at $5.9B as province feels impact of low oil prices
The effect of low oil prices is starting to make an impact on Alberta finances, according to the province's first-quarter update released Monday, and it could get worse.
Alberta economy will be in recession, Notley government confirms  The Globe and Mail
Canada's Oil-Dependent Alberta Province Projects Record Deficit  Wall Street Journal
Calgary Herald  
Housing-affordability gap in Toronto, Vancouver widens
Canadian housing prices continued to soar in the second quarter of the year, eroding affordability for buyers even in the face of a falling dollar and weak economic growth.
Barbara Yaffe: BC's housing affordability unlikely to ease  Vancouver Sun
Canadian housing markets mostly stable; hot pockets in Toronto, Vancouver: banks  Toronto Star
Canada's Q2 current account deficit narrows to $17.4B
People walk out of Statistics Canada office building at Tunney's Pasture in Ottawa Thursday July 22, 2010. (ANDRE FORGET/POSTMEDIA NETWORK FILE PHOTO).
Canada's current account deficit narrows to $17.4-billion  The Globe and Mail
Canada second quarter current account deficit narrows to C$17.40 billion  Reuters Canada
Oil Outage in Canada Boosts Prices, Fears
CALGARY, Alberta—Problems affecting output at two Canadian oil-sands producers' mainstay operations boosted synthetic crude prices—and experts say a prolonged dip in production could alter the volume of crude exports to the U.S.. Canadian Oil Sands ...
Canadian Oil Sands halts crude production at Syncrude after fire  Toronto Sun
Canada synthetic crude spikes on Syncrude fire, Nexen pipelines  Reuters Canada
Oil Sharply Lower in Volatile Trade, Weak China Data Weighs
0132 GMT [Dow Jones] Crude-oil futures fell sharply in early Asian trade Tuesday, giving up most of its overnight gains in volatile trade even as traders braced for large price swings this week.
Oil prices drop more than 3 percent as investors take profits  Reuters
MarketsOil fever burns as WTI has 8% jump  Financial Times
TSX ends lower despite surge in energy shares
TORONTO (Reuters) - A sharp jump in energy stocks as crude oil prices soared was not enough to push Canada's main stock index into positive territory on Monday.
CANADA STOCKS-TSX ends lower despite surge in energy shares  Reuters
Canadian stocks cap worst month since September on growth fears  bnn.ca
Auto insurance on way up
It will be two months before the Insurance Corp. of B.C. applies for a specific change to basic insurance rates, but drivers across the province are being warned they will pay more.
Minister responds to ICBC call for rate increase for drivers  The Nelson Daily
ICBC says fraud, rise in claims reason for rate increase  The Castlegar Source
Nova Scotia officials chided for $22K spent on booze, food at golf event
The Canadian Taxpayers Federation is criticizing the amount of money two Nova Scotia government agencies spent on hospitality at an international golf event last year in Halifax.
Nova Scotia gas stations run out of fuel  Cranbrook Daily Townsman
COUNTERPOINT: Gas regulation a lifeline for rural Nova Scotia  TheChronicleHerald.ca
City blitz aims to punish Uber users
A recent blitz against Uber by the City of London resulted in 29 fines over two days. Called Project Licensed Ride, the city says it was targeting vehicles-for-hire.
City Cracks Down On Uber Drivers  Am980 London News
Mumbai: Protest against app-based taxis likely to affect commuters  Hindustan Times
Chase the Ace player, a Sydney Mines woman, wins $79K
A Sydney Mines woman says she's making an exception to her non-superstitious ways after winning $79,000 in the Chase the Ace lottery on Saturday.
Chase The Ace fever hits Cape Breton Island  CTV News
Chase the Ace jackpot of $400000 draws thousands to Inverness  Cape Breton Post