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Canadian markets news

Regulators mull ban of mutual fund trailer fees as early as this fall
An umbrella group of securities regulators may push this fall for a ban on mutual fund trailer fees, which are essentially commissions paid to salespeople when they sign up investors.
Regulators target fees in proposed mutual fund revamp  bnn.ca
IFIC Urges Regulators to Adopt a Strategic, Fact-Based Approach to Reforms  Canada NewsWire (press release)
Financial Post  
BC ends self-regulation of real estate industry
VANCOUVER -- British Columbia is ending the self-regulation of the real estate industry in a move Premier Christy Clark says is aimed at protecting consumers.
'We are going to end the right of the BC real estate sector to self ...  CBC.ca
BC to end self regulation of real estate industry  The Globe and Mail (subscription)
Blame it on Brexit? Vancouver company fails to sell tennis-ball sized diamond
CALGARY - A diamond the size of a tennis ball discovered by a Vancouver mining company failed to sell Wednesday - and at least one expert is blaming it on Britain's referendum to leave the European Union.
Giant diamond fails to sell at auction, trade interested  Reuters
Largest uncut diamond set for sale  Radio New Zealand
'It has been a bumpy journey': Bombardier delivers first C Series jet
Twelve years after Bombardier Inc. executives first outlined plans to build a new family of airliners called the C Series to challenge the single-aisle planes made by Boeing and Airbus, the Canadian company has silenced critics and delivered the first ...
CSeries federal funding 'critical' despite turning page on past ...  TheChronicleHerald.ca
Bombardier to formally hand over first CSeries to Swiss Air Lines  CTV News
North American markets, loonie continue resurgence on heels of Brexit
Fears over a British exit from the European Union continued to ease among investors Wednesday as stock markets and commodity prices advanced for a second straight day.
North American markets, loonie continues resurgence  CTV News
TSX, loonie continue resurgence after 'Brexit' vote  Toronto Star
Metro Vancouver mayors reject replacement of Massey Tunnel with 10-lane bridge
The mayors of Metro Vancouver have rejected the provincial government's plans to replace the George Massey tunnel with a 10-lane bridge.
Vaughn Palmer: Massey Tunnel replacement squeezed to ensure premier gets ...  Vancouver Sun
Metro Vancouver not supporting Massey Tunnel replacement  CTV News
Alberta ended fiscal year with $6.4B deficit
The Alberta government finished the 2015-16 fiscal year with a $6.4-billion deficit, $324 million higher than forecast in the October 2015 budget.
Depressed oil prices help push Alberta deficit to $6.4 billion  Macleans.ca
Alberta's deficit topped $6.4-billion in 2015, largest shortfall in decades  The Globe and Mail (subscription)
GRCA urges water conservation as dry conditions persist
The Grand River Conservation Authority is urging residents to cut their water consumption by 10 per cent due to dry conditions throughout the watershed.
GRCA urges water users to cut consumption by 10%  CTV News
Water conservation urged throughout Grand River watershed  Waterloo Record
CIBC grows US business with $3.8-billion deal for PrivateBancorp
Canadian Imperial Bank of Commerce is expanding in the United States with a $3.8-billion (U.S.) deal to buy a U.S. commercial bank, giving CIBC far greater exposure to the U.S.
Canadian Imperial Bank of Commerce's U.S. foray through PrivateBancorp ...  Financial Post
Why history hasn't been kind to CIBC's forays in the U.S.  bnn.ca
Goodwill To Reopen Stores In Toronto Area After Abrupt Closures, 450 Laid Off
Goodwill will be returning to the Toronto area after the organization abruptly closed stores across the province at the beginning of the year, leaving 450 people out of work.
Goodwill is coming back to Toronto; aims to have stores open in 2017  insideTORONTO.com
Goodwill gets a second chance in Toronto  Newstalk 1010