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Canadian markets news

Surge in auto production accelerates GDP
Canada's gross domestic product jumped in May at the fastest pace in four months as carmakers ramped up production. Output rose 0.4 per cent, following a 0.1 per cent gain in April, Statistics Canada said Thursday in Ottawa.
Canada's GDP expands at 2.3% pace in May  CBC.ca
UPDATE 1-Canada's economic growth stronger than expected in May  Reuters
Canadian HR Reporter   Related articles »  
Shaw Communications to acquire US-based ViaWest for $1.2-billion
Shaw Communications Inc. said Thursday it plans to acquire U.S. data centre and cloud services provider ViaWest Inc. for $1. 2-billion (U.
Canada's Shaw Communications to buy data center company ViaWest  Reuters
Shaw Communications Agrees to Buy ViaWest in $1.2 Billion Deal  Businessweek
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Suncor net income falls, takes charge on cancelled oilsands project
CALGARY - Suncor Energy Inc. (TSX:SU) said Wednesday its net income during the second quarter dropped by more than two thirds as it took some $1.2 billion in charges related to its holdings in the oilsands and in Libya.
Suncor Energy Inc profit drops 69% after Joslyn oil sands project scaled back  Financial Post
Suncor Profit Shrinks as Joslyn Project Scaled Back  Bloomberg
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Brian Cornell named new Target CEO
Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers. The Minneapolis-based company said Thursday that it named PepsiCo executive Brian Cornell to the top spot, replacing John Mulligan, ...
Target, for First Time, Chooses an Outsider as CEO  New York Times
What New CEO Brian Cornell Must Do To Succeed At Target  Forbes
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GDP by industry up in May: StatsCan
OTTAWA -- Statistics Canada says the country's economic output increased in May by 0.4 per cent. It was the fifth consecutive monthly rise in the real gross domestic product and came in better than was expected.
Canada's GDP Rises More Than Expected In May  Huffington Post Canada
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What Does Penn West Petroleum Ltd.'s Accounting Probe Mean for Investors?
Earlier this week, Penn West Petroleum Ltd. (TSX: PWT)(NYSE: PWE) announced to the market it had identified accounting irregularities stretching back four years and has launched a probe into its accounting practices.
Penn West Petroleum Investor Alert- National Securities Law Firm Encourages ...  Wall Street Journal
Bitter rivals face off over future of Penn West Petroleum  The Globe and Mail
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Samsung's 2Q profit falls more than expected as smartphone sales slow
SEOUL�Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.
Samsung Dominance Threatened as Xiaomi Gains Traction  Bloomberg
Samsung Mutes Calls for Payouts  Wall Street Journal
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Bombardier Profit Tops Estimates as Aircraft Deliveries Increase
Bombardier Inc. (BBD/B) reported quarterly profit that beat analyst estimates as the company delivered more commercial planes and said the CSeries model, its biggest-ever jet, remains on schedule to enter service next year.
Bombardier Profit Drops; Revenue Climbs  Wall Street Journal
Bombardier Announces Financial Results for the Second Quarter Ended June ...  MarketWatch
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Intact profit doubles as impact of floods recedes
Intact Financial Corp. saw a healthy increase in its second-quarter profits compared with the same quarter last year, when the insurance company was affected by extensive flooding in Alberta.
Intact's Q2 profit more than doubles to $215 million as impact of floods ...  Lethbridge Herald
UPDATE 1-Intact Financial 2nd-qtr profit jumps; growth in Brazil eyed  Reuters
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How to live with a slow-growth economy
More than five years into a �normal� recovery is when most economies are growing healthily and beginning to sow the seeds of their next recession.
How to deal with slow economic growth: Get used to the pain  The Globe and Mail
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