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Canadian markets news

Former CEOs Roth and Zafirovski settle claims with Nortel
Two former chief executives of Nortel Networks Ltd. have reached deals to settle their claims against the long-defunct technology company, with John Roth receiving $19-million and Mike Zafirovski agreeing to an $8.5-million (U.
Nortel Canada to start paying billions to creditors; first instalment by July  CTV News
After eight years, Nortel Canada creditors finally get something  Financial Post
satPRnews (press release)  
Broker, agent who worked with subsidiary of Home Capital disciplined
An Ontario regulator says it has imposed disciplinary actions against a mortgage broker and agent who worked with Home Trust Co., a subsidiary of Home Capital Group, over their handling of mortgages.
Ontario regulator confirms two former Home Capital brokers penalized  BNN
Former Home Capital Brokers Penalized in First Crackdown  Bloomberg
The close: TSX finishes flat, slips over week
Canada's main stock index ended barely higher on Friday, as gains for banks and gold miners were offset by slips in pipeline companies and railway stocks.
TSX ekes out gain in low volume trade ahead of US holiday  Reuters Canada
TSX inches upward, US markets nearly flat ahead of American holiday weekend  Toronto Star
Alberta hit by another credit rating downgrade
S&P Global Ratings downgraded Alberta's credit rating Friday from AA to A+ due to projected deficits and a rapidly growing debt.
S&P downgrades Alberta credit rating from AA to A+  Calgary Herald
S&P downgrades Alberta credit rating; NDP and opposition react  660 News
City unveils 5 options for reducing Deerfoot Trail congestion, but no funding ...
Rush hour congestion on Deerfoot Trail is the bane of Calgary drivers from one end of the city to the other, and so on Friday the city and the province unveiled five short-term solutions to ease traffic on Calgary's major freeway.
Study suggests short-term solutions to ease congestion on Deerfoot Trail  CTV News
Deerfoot Trail study recommends 5 short-term improvements  Globalnews.ca
Kinder Morgan shares to start trading on Tuesday: How well shares have been ...
On Tuesday the market will, for the first time, get to pass judgment on the recently priced initial public offering of Kinder Morgan Canada.
'A bold statement': Trans Mountain pipeline pushes forward despite ...  CBC.ca
Three Ways B.C. Could Stop Kinder Morgan's Trans Mountain Pipeline Plan  TheTyee.ca
Oil rebounds but ends week lower amid OPEC cuts disappointment
Oil prices rebounded to rise more than 1 per cent on Friday, but Brent crude ended the week nearly 3 per cent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.
S&P 500 inches up to fresh record close  Financial Times
Oil prices rebound, sterling hit as May's lead shrinks  Reuters
'Pain for Winnipeg': Mayor says provincial funding changes will lead to cuts
Winnipeg's mayor said changes to provincial funding transfers will cause the city pain. The Progressive Conservative government tabled an omnibus budget bill on Thursday that calls for the end of a long-standing provincial commitment to cover half the ...
Winnipeg Transit proposes pilot project to test safety barriers for bus drivers  680 News
Bus fares could rise after province ends transit funding deal with Winnipeg  CTV News
Did You Notice Blackberry's Game-Changer?
In the article I talked about the $815 million binding/not contestable award that BlackBerry had won against Qualcomm in a contract dispute in the past between the two companies.
BlackBerry says Qualcomm dispute will end with US$940M payment  CTV News
Done and done: Blackberry ties up $940m settlement with Qualcomm  The Register
Calgary man sentenced to three years in prison for $27M mortgage fraud
Kenneth Charles Fowler, who was president of The Investment Exchange Mortgage Corporation, admitted to using money raised from investors to support his personal lifestyle and day trading.
'It's a matter of pure greed': Kenneth Fowler sentenced three ...  Calgary Herald
Kenneth Fowler sentenced to 3 years for $12.5M mortgage scheme  CBC.ca