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Canadian markets news

UK treasury chief tries to calm fears after Brexit vote as Labour coup continues
George Osborne stressed that Britain's economy is in a far better position than it was at the start of the 2008 financial crisis.
UK Treasury chief appeals for calm as companies eye move  Winnipeg Free Press
George Osborne on Brexit: 'We were prepared for unexpected'  Macleans.ca
The Globe and Mail (subscription)  
Canada stock futures down as oil drops, Brexit concerns weigh
(Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Monday as oil prices dropped after Britain's vote to leave the EU sparked a sharp selloff in global markets.
Wall Street set to open lower; bank rout continues  Reuters
Another post-Brexit slump on Wall Street seen  CNBC (subscription)
Federal government invests $150 million for affordable housing in BC
The federal government has announced it will invest $150 million in affordable housing in British Columbia, as real estate prices in the province continue to skyrocket.
National housing strategy could be set by end of year, federal minister says  The Globe and Mail (subscription)
Feds ponying up $150m over next two years toward affordable housing in BC  Vancouver Sun
Looming Canada Post work stoppage has medical marijuana producers scrambling
Licensed medical marijuana producers have been warned to stop using mail delivery ahead of a potential Canada Post strike or lockout in early July.
Public Advisory from Canada Post Regarding a Potential Work Disruption  Canada NewsWire (press release)
Canada Post strike may halt snail mail in Edmonton, across Canada by Saturday  Edmonton Journal
Housing prices shot up on Mayor Gregor Robertson's watch, but does the NPA ...
In the last election, NPA candidates tried to make the case that Vision Vancouver didn't listen to voters. Today, NPA city councillors were down near Kitsilano Beach for a protest over the city's plans to spend $6.4 million to expand the sidewalk on ...
Angry residents protest Point Grey Road changes and other 'wasteful ...  Globalnews.ca
Vancouver residents accuse council of not consultating public for city projects  Am730 Vancouver Traffic News
Government of Canada to invest hundreds of millions to improve the Trent ...
There is big news for boaters who use the Trent-Severn Waterway. Today the Federal Government announced it will invest close to $270 million to improve the multi-lock system.
Port Severn gets share of $270-million fund for Trent-Severn upgrades  Simcoe.com
$270-million investment for Trent-Severn Waterway  Kawartha Media Group
Mortgage qualification loophole puts all Canadians at risk
If the Canadian housing market were to crash it would be catastrophic. At least, that's the synopsis of the latest Moody's Investors Service report.
The best mortgage rates  Castanet.net
Mortgage rates for Monday, June 27  Bankrate.com
Pound hits new 31-year low, as Brexit fears grip markets – business live
Larry Hatheway, chief economist at Swiss fund manager GAM, says investors are worrying that Britain's economy could soon start shrinking.
Brexit and global markets: what investors are saying  Financial Times
More questions than answers  EveryInvestor
Stelco suitor shown the door by U.S. Steel Canada, sources say
The board of directors of U.S. Steel Canada has rejected a bid for the troubled company from Essar Global, sources say. next play/pause pre 2/2.
One less buyer for US Steel Canada  AM900 CHML
Loblaws expands selection to include cider
The Loblaws Princess Market is among the grocery stores in Ontario that will be selling cider. The Ontario government announced that as of Friday, grocery stores already selling beer would start selling cider as well.
Cider Now Available in Grocery Stores  Exchange Morning Post (press release)
Halton grocery stores now stocking craft cider, Oakville MPP says  InsideHalton.com