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Canadian markets news

IMF Reduces Its 2014 Global Growth Forecast
WASHINGTON - The International Monetary Fund said on Thursday that the world economy was expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.
IMF Reports Cuts Growth Forecast  Voice of America
IMF warns of risk Larry Summers just might be right  MarketWatch (blog)
Wall Street Journal   Related articles »  
Closing Bell: TSX closes flat amid earnings news, strong manufacturing data
TORONTO - The Toronto stock market hardly changed Thursday despite encouraging Chinese manufacturing data and strong earnings reports.
Toronto stock market closes flat despite strong earnings reports  CTV News
CANADA STOCKS-TSX ends flat as solid earnings drive trade action  Reuters
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Loblaw head says fresh food trumping low prices for grocery shoppers
The head of Loblaw Companies, the country's largest supermarket chain, said Thursday that savvy shoppers are no longer just looking to pay the lowest prices they can for food.
Loblaw's fresh approach giving it a big edge in heated grocery battle  Financial Post
Big grocers absorbing some 'shock' of higher meat, veggie prices
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Starbucks Americas sales up slightly more than expected
(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent.
UPDATE 1-Starbucks sales in Americas region up slightly more than expected  Reuters
Starbucks raises guidance as profit rises  The Globe and Mail
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Scotiabank settles class action on overtime pay
Bank of Nova Scotia has reached a tentative settlement in a long-standing class action lawsuit launched by current and former employees who argue they are owed years of overtime pay.
Settlement reached in Scotiabank overtime lawsuit  MetroNews Canada
Scotiabank and Class Counsel Reach Agreement to Settle Overtime Class Action  Wall Street Journal
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FAA Lifts Ban on US Flights to Tel Aviv Airport
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel. The end of the ban, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets, was effective at 11:45 p.m.
A Two-Day Israel Flight Ban Ends With Vagueness  Businessweek
U.S. Airlines Resume Israel Flights as Flight Ban Lifted  Bloomberg
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Domtar misses forecasts, still swings to $40-million profit
Domtar Corp. widely missed expectations even though the pulp and paper producer swung to a profit in the second quarter, earning $40-million (U.
Home�News�Business�Domtar shares fall as it misses forecasts despite ...  680 News
Domtar Corp (UFS) Announces Quarterly Earnings, Misses Estimates By $0.25 ...  WKRB News
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What happens when Repsol tells analysts, 'Don't ask about Talisman'
You have to hand it to the analysts who follow Spain's Repsol SA - they're an obedient bunch. In a conference call held on Thursday to discuss the Spanish oil company's second-quarter results, chief financial officer Miguel Martinez kicked off the question ...
Repsol will return cash to shareholders in absence of buys: CFO  Financial Post
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UPDATE 2-Encana oil production rise offsets profit fall on weak natgas
(Releads, adds quotes, detail on asset sales and acquisitions). By Nia Williams. July 24 (Reuters) - Canada's Encana Corp, which is restructuring operations to end its reliance on low-value natural gas, said on Thursday oil and natural gas liquids production ...
Encana CEO says turnaround ahead of schedule  Financial Post
Encana oil production rise offsets profit fall on weak natgas  Reuters Canada
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Bombardier Aerospace CEO retires amid restructuring that will see 1800 jobs cut
MONTREAL - Bombardier Aerospace president and CEO Guy Hachey is retiring after six years in the post amid a restructuring of operations at aerospace that will result in the layoff of 1,800 employees.
Bombardier's unexpected restructuring, layoffs raising worker, analyst ...  Times Colonist
Downsview production jobs not at risk as Bombardier cuts 1800 positions  Toronto Star
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