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Canadian markets news

GM Canada vows to wipe out pension shortfall; workers ratify deal
General Motors of Canada Co. has pledged to eliminate the $2.6-billion deficit in the pension plans for its unionized workers and retirees as part of a new contract negotiated between the company and Unifor.
GM workers accept tentative agreement  CBC.ca
Unionized workers vote 64.7 per cent in favour of GM contract that promises ...  Financial Post
St. Catharines Standard  
Clock ticking down on final decision for $36B Pacific NorthWest LNG project
Time is running out for the federal government to decide on whether to approve the Pacific NorthWest LNG project, which could open the way for one of the largest infrastructure investments in Canadian history.
Deal to Curb Airline Emissions Expected  Khmer Times
Canada review says Petronas plant would hit environment: sources  Reuters Canada
UNESCO begins monitoring mission of Wood Buffalo National Park
Wood Buffalo National Park is home to what is considered the largest freshwater boreal delta on the planet. Because of this, the area - created by the convergence of the Athabasca and Peace rivers - was declared a UNESCO world heritage site in 1983.
UN monitoring mission eyes Site C dam impact on Wood Buffalo National Park  CTV News
Canada under microscope as UNESCO review beings  KelownaNow
Oil Speculators Abandon Hope in OPEC's Ability to Support Prices
Oil investors turned bearish at the fastest pace in more than a year as they lost confidence that OPEC will reach a deal with other producers to limit supply at a gathering this week in Algiers.
OPEC unlikely to clinch oil deal until November, analysts say  CNBC
Oil prices rebound after Algeria says all options open at OPEC meeting  Reuters Canada
Ontario considers new rules to put community needs ahead of bottled water firms
TORONTO -- The bottled water industry in Ontario is facing renewed government scrutiny after a small township was outbid by multinational giant Nestle in its attempt to purchase a well to secure water supply for its growing community.
Water Grabs in Canada: Nestl� Outbids Another Town for Control of Local ...  Center for Research on Globalization
Nestl� outbids Ontario community on well purchase  The Weather Network
Saskatoon Transit union offers to return to contract talks
Saskatoon Transit employees have turned down voting on the latest contract offer from the city. Buses running as Saskatoon Transit union plans to meet Sunday · Saskatoon Transit labour talks stall after strike deadline passes.
No transit job action today: official  Saskatoon StarPhoenix
No job action yet for Saskatoon Transit workers after Sunday vote  650 CKOM News Talk Radio
Friday's TSX breakouts: List expands to 53 stocks with positive price momentum
In the U.S., the Dow Jones Industrial Average increased 0.54 per cent, the S&P 500 Index climbed 0.65 per cent, and the Nasdaq composite index advanced 0.84 per cent to close at a record high.
MAKING CENTS: Stock indexes are tricky to compare  North Shore News
TSX falls as energy stocks, banks weigh  Business Recorder (press release) (registration) (blog)
Valley Line LRT construction causes water main break on Jasper Avenue
A water main break was struck during construction on the Valley Line LRT Saturday evening. The break occurred on Jasper Avenue between 95 Street and 95A Street.
Weekend water main break leads to traffic detours along Edmonton's busy ...  Globalnews.ca
Water main break shuts portion of east Jasper Avenue until midweek  Edmonton Sun
David Tulk leaves TD Bank for Fidelity Investments
David Tulk, formerly head of global macro strategy at Toronto-Dominion Bank, is taking a new post at Fidelity Investments. Mr. Tulk will join Fidelity's Global Asset Allocation team later this year, Chris Pepper, a Toronto-based spokesman for the ...
Aritzia Inc may raise up to $400 million in IPO after upsizing deal  Financial Post
RBS banks on ads during the X Factor to shake off its poor reputation  Daily Mail
New Mississauga waterfront will be 'much better' than Toronto's, says finance ...
Construction is kicking off in Mississauga to transform the city's waterfront into a 300-acre development and "green oasis" that will be in sharp contrast to Toronto's.
Huge waterfront park being built right beside Toronto  blogTO (blog)
Even the cake was “transformative” at waterfront...  Mississauga (blog)