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Canadian markets news

Bernanke warns ending US stimulus efforts too soon carries substantial risks
WASHINGTON -- Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Bernanke Says Premature Tightening Would Endanger Recover  Bloomberg
Gold Tops $1400 in NY as Bernanke Says Stimulus Will Continue  Businessweek
New York Times   Related articles »  
TSX opens higher in broad gains, led by gold miners
TORONTO (Reuters) - Canada's main stock index opened sharply higher on Wednesday, led by Barrick Gold Corp (ABX.TO: Quote) and Goldcorp (G.
Canadian Stocks Rise for Third Day as Commodity Producers Rally  Bloomberg
Why Canada's bank stocks went soft  Globe and Mail
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Jasper business owner in running for top young entrepreneur
CALGARY - A business owner from Jasper will represent Alberta in the finals of the 2013 BDC (Business Development Bank of Canada) Young Entrepreneur Award.
BDC Young Entrepreneur Award 2013 finalists vie for $125000 in prizes  Financial Post
Canadians cast votes to choose 2013 BDC Young Entrepreneur Award winner  Wall Street Journal (press release)
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Target Corp. profit plunges 26 per cent in first quarter
Retailer reports poor start to 2013. Target Corp.'s earnings per share were down in the first quarter of 2013, even after accounting for the costs of opening 24 stores in Canada beginning in March, the company reported Wednesday.
US consumers' tight budget takes toll on Target sales  Financial Times
UPDATE 2-Target cuts full-year forecast after weak first quarter  Reuters
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Rogers' Zoocasa real-estate brokerage reduces agents' commissions
Zoocasa, an online service for home seekers, is aiming to win market share with rebates to buyers and sellers that will refund roughly 15 per cent of the commission they pay their real estate agents.
Rogers launches enhanced realty search site  Toronto Star
Look out realtors, Rogers Communications is after your business  Financial Post (blog)
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Mortgage group says Canadian housing starts will plunge 25-30% by 2015
TORONTO -- The Canadian Association of Mortgage Professionals is warning that new-home construction will drop dramatically within the next two years, resulting in a loss of about 80,000 construction and related jobs by mid-2015.
Mortgage group says housing starts to plunge  globalnews.ca
Mortgage lobby group says Canadian housing starts will plunge 25% by 2015  Stockhouse
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CANADA HOT STOCKS TO WATCH: Sears Canada, Oncolytics, Canaccord ...
Listed below are the stocks expected to move during Wednesday's trading session. They are listed with Tuesday's closing prices.
Sears Canada reports earnings loss, falling sales in first quarter  National Post
Sears Canada posts loss, sales fall  Globe and Mail
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5.22.13: Housing slowdown? Canadians don't seem to think so
And that 48% is mostly unchanged from late 2012, suggesting that Canadians remain confident in their housing market. The BMO poll found that Vancouver and Atlantic Canada are particularly bullish, with both showing an increase in buying intentions, while ...
Slowdown? Nearly half of Canadian home owners eager to buy property  Globe and Mail
Homebuying intentions remain relatively strong, says bank survey  Winnipeg Free Press
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Ski-Doo Maker BRP Raises $254 Million in Biggest 2013 Canada IPO
BRP Inc., the maker of Ski-Doo snowmobiles, watercraft and all-terrain vehicles, raised C$262.3 million ($254.4 million) in the biggest Canadian IPO this year.
BRP raises $262.3-million in largest Canadian IPO this year  National Post
Ski-Doo maker BRP prices IPO at $21.50 a share  Montreal Gazette
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Paying off bills hurting Canadians' ability to save: study
MONTREAL -- Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.
One-third of Canadian households living paycheque to paycheque  Globe and Mail
Paying bills and consumer consumption hurting Canadians' ability to save ...  GlobalPost
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