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Canadian markets news

Shares in alternative lender Home Capital plummet more than 57%
Shares in alternative lender Home Capital traded down than 57 per cent on Wednesday after the company said the terms of a new $2-billion line of credit it is arranging will leave it unable to achieve its financial targets.
Home Capital shares plunge after signing deal for $2B credit line  CTV News
Embattled Home Capital secures $2-billion lifeline; shares collapse  The Globe and Mail
Financial Post  
White House unveils dramatic plan to overhaul tax code in major test for Trump
President Trump on Wednesday proposed a dramatic overhaul of the tax code, calling for sharply lower rates for individuals and businesses but also eliminating key tax breaks.
Steven Mnuchin Thinks Trump Can Fix Taxes  The Atlantic
Opinion: Trump's tax plan sets the stage for Dow 30000  MarketWatch
Is it still a good time to buy Canadian lumber stocks?
Donald Trump's latest target in the world of trade - Canada's softwood lumber industry - has taken new tariffs from the U.S.
US softwood lumber duties "unjust": OFIA  CBC.ca
Morning update newsletter: Softwood dispute explained; Statscan unfounded ...  The Globe and Mail
At the open: TSX falls with oil, Home Capital plummets
Canada's main stock index fell on Wednesday, pulling back from a two-month high the day before as lower oil prices pressured energy stocks, while shares of Home Capital Group slumped after the company announced a credit line agreement.
TSX slips as Home Capital slumps; energy stocks gain  Reuters Canada
Toronto stock index lags behind US index as loonie slips  Toronto Star
Canada's housing market still flashing 'red' warning, but some signs of ...
Canadian PressToronto, Hamilton, Victoria, Vancouver, Saskatoon are considered the riskiest markets in the country by the housing watchdog.
CMHC maintains 'strong' risk rating for national real estate market  The Globe and Mail
Saskatoon's housing market 'problematic' due to overbuilding: CMHC  Globalnews.ca
Bell set to introduce new streaming product for internet TV viewing
MONTREAL -- Bell Canada says it's on the cusp of launching a new streaming product to attract customers who prefer to watch video such as Netflix through the internet instead of traditional TV services.
BCE reports wireless strength as IPTV, Internet subscribers slow  The Globe and Mail
BCE Inc. hikes dividend and plans new service to attract cord cutters as ...  Financial Post
Tim Hortons' owner reports revenue above estimates at $1 billion
Restaurant Brands International, the owner of Burger King and Tim Hortons, reported flat sales in the first quarter, but a 9-per-cent increase in revenue.
Tim Hortons parent's stock falls after store sales growth stalls in Q1  CTV News
Tim Hortons owner's stock falls as same-store sales slip  The Globe and Mail
93% of LCBO workers support strike mandate in province-wide vote, union says
An overwhelming amount of LCBO workers have voted in favour of a strike mandate over contract demands on Tuesday night. This is part of a two-day long, province-wide strike vote for thousands of LCBO staff workers who are bargaining for a new ...
Overwhelming support for strike vote from LCBO workers  Ottawa Citizen
NS spending $390 million to twin key highways - without road tolls
HALIFAX -- Nova Scotia is committing $390 million over seven years to improve highways -- without the use of tolls. Transportation Minister Geoff MacLellan said Wednesday feedback at 14 public meetings made it clear tolls weren't wanted.
Liberals reject tolls in new highway twinning plan  CBC.ca
New housing program designed to help Nova Scotians purchase first home  TheChronicleHerald.ca
New Brunswick announces new stat holiday: Family Day coming next February
New Brunswick is getting a statutory holiday in February, Premier Brian Gallant announced Wednesday. Starting next year, the paid public holiday to be known as Family Day will take place on the third Monday in February.
NB government adding Family Day holiday starting in 2018  CTV News