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Canadian markets news

UPDATE 2-Cenovus to cut more jobs, dividend as oil prices slump
... * Company to cut 300-400 more jobs. * Slashes quarterly dividend by 40 pct. * Raises 2015 cost reduction target by 40 pct (Adds details, background, shares).
Cenovus looking to cut jobs, slashing dividend by 40 per cent  The Globe and Mail
Cenovus Energy looks to cut hundreds of jobs, slash dividend by 40%  CTV News
Wall Street Journal  
Wall St. lower at the open after GDP data
U.S. stocks opened lower on Thursday after data showed that the U.S. economy grew at a slower-than-expected pace in the second quarter even as the Federal Reserve left doors open for a possible rate hike in September.
Dollar and Treasury yields rise as US economy improves  Financial Times
China falls again but other Asian stocks, Europe higher  CTV News
Bombardier delays new jet, promises cost cuts
(Reuters) - Canadian plane and train maker Bombardier Inc BBDb.TO reported lower earnings on Thursday, pushed back delivery of its new Global business jets by two years, and launched a cost cutting plan.
Bombardier reports second-quarter profit and revenue down from year ago  CTV News
Bombardier Delays Newest Business Jet as Aircraft Setbacks Mount  Bloomberg
Goldcorp Inc slashes dividend 60% amid rough gold market
Handout/GoldcorpGoldcorp's Cerro Negro mine, a high-grade gold mine located in the Santa Cruz province of Argentina. They company has slashed its dividend by 60 per cent to maintain financial strength in a brutal gold market.
Goldcorp Earnings Beat Estimates on Lower-Than-Expected Costs  Bloomberg
Goldcorp slashes dividend 60 per cent as profit doubles  The Globe and Mail
Mortgage lender Home Capital cuts ties with 45 brokers for bogus documentation
Trading in shares of alternative mortgage lender Home Capital Group was halted on the TSX after the company revealed it had cut ties with several dozen mortgage brokers for falsifying income details about borrowers.
Why I'm Still Staying Far Away From Home Capital Group Inc.  The Motley Fool Canada
Home Capital suspends 45 mortgage broker contracts over falsified data  Reuters Canada
Shopify revenue nearly doubles from year ago
OTTAWA - E-commerce company Shopify Inc., which keeps its books in U.S. dollars, reported a second-quarter loss of $3.3 million or six cents per share compared with a loss of $6.9 million or 18 cents per share a year ago.
Shopify reports second-quarter loss, revenue nearly doubles  CTV News
Shopify blows past forecasts in first quarter as public company  The Globe and Mail (subscription)
UPDATE 2-CGI exiting low-margin markets, eyes M&A in cyber security
(Adds comments from CEO interview). By Allison Lampert and Alastair Sharp. MONTREAL/TORONTO, July 29 (Reuters) - CGI Group Inc , the information systems and management consultancy, said on Wednesday it would target acquisitions in cyber security ...
CGI exiting low-margin markets, eyes M&A in cybersecurity  The Globe and Mail
CGI sees increase in profit since last year  TheChronicleHerald.ca
Police investigate possible discovery of human remains in Nova Scotia school
NEW GLASGOW, N.S. - Police in Nova Scotia say work crews may have discovered human remains in an old school in New Glasgow. They say construction workers were demolishing the former Temperance Street School when they came upon possible ...
Police investigate possible discovery of human remains in New Glasgow school  Cape Breton Post
UPDATED: Police investigate after workers find possible human remains in ...  Truro Daily News
Suncor Energy Inc, Cenovus Energy Inc and Shell slash jobs and spending as oil ...
BloombergSuncor Energy Inc, Cenovus Energy Inc and Shell announce further deep job and spending cuts today as producers struggle to survive in a world where crude prices have plunged about 55% in the past year.
Suncor cuts spending by $400 million  CTV News
Canada Stocks to Watch: Bombardier, Suncor, Cenovus, Miners and More  Wall Street Journal (blog)
Canada, US issue more rules for rail safety in wake of Lac-M�gantic
WASHINGTON (Reuters) - Transport Canada and the United States Federal Railroad Administration (FRA) have released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed ...
US sets new brake rule for oil trains, two years after Lac-Megantic  Al Jazeera America (blog)
Horrendous Freight Train Incident Prompts Dangerous Rail Cargo Rule Change  The Handy Shipping Guide