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Canadian markets news

Regulators mull ban of mutual fund trailer fees as early as this fall
An umbrella group of securities regulators may push this fall for a ban on mutual fund trailer fees, which are essentially commissions paid to salespeople when they sign up investors.
Regulators target trailer fees in proposed mutual fund revamp  The Globe and Mail (subscription)
IFIC Urges Regulators to Adopt a Strategic, Fact-Based Approach to Reforms  Canada NewsWire (press release)
Financial Post  
Stock markets and loonie continue climb
TORONTO - Fears over a British exit from the European Union continued to ease among investors Wednesday as stock markets and commodity prices advanced for a second straight day.
North American markets, loonie continues resurgence  CTV News
CANADA STOCKS-TSX jumps 1 pct as oil supports, investors buy post-Brexit  Reuters
BC ends self-regulation of real estate industry
VANCOUVER -- British Columbia is ending the self-regulation of the real estate industry in a move Premier Christy Clark says is aimed at protecting consumers.
'We are going to end the right of the BC real estate sector to self ...  CBC.ca
BC to end self regulation of real estate industry  The Globe and Mail (subscription)
Blame it on Brexit? Vancouver company fails to sell tennis-ball sized diamond
CALGARY - A diamond the size of a tennis ball discovered by a Vancouver mining company failed to sell Wednesday - and at least one expert is blaming it on Britain's referendum to leave the European Union.
Giant diamond doesn't find buyer at Sotheby's sale in London  Omaha World-Herald
Biggest diamond in more than a century fails to sell after auction falls flat  Financial Post
Metro Vancouver mayors reject replacement of Massey Tunnel with 10-lane bridge
The mayors of Metro Vancouver have rejected the provincial government's plans to replace the George Massey tunnel with a 10-lane bridge.
Vaughn Palmer: Massey Tunnel replacement squeezed to ensure premier gets ...  Vancouver Sun
Metro Vancouver not supporting Massey Tunnel replacement  CTV News
Alberta ended fiscal year with $6.4B deficit
The Alberta government finished the 2015-16 fiscal year with a $6.4-billion deficit, $324 million higher than forecast in the October 2015 budget.
Depressed oil prices help push Alberta deficit to $6.4 billion  Macleans.ca
Alberta's deficit topped $6.4-billion in 2015, largest shortfall in decades  The Globe and Mail (subscription)
GRCA urges water conservation as dry conditions persist
The Grand River Conservation Authority is urging residents to cut their water consumption by 10 per cent due to dry conditions throughout the watershed.
GRCA urges water users to cut consumption by 10%  CTV News
Water conservation urged throughout Grand River watershed  Waterloo Record
CIBC's Big Leap into the US
Canadian Imperial Bank of Commerce is expanding into the United States with a $4.9-billion deal to buy a U.S. commercial bank, redefining CIBC's status as a Canadian regional lender and giving it far greater exposure to the U.S.
Why history hasn't been kind to CIBC's forays in the U.S.  bnn.ca
Canadian Imperial Bank of Commerce's U.S. foray through PrivateBancorp ...  Financial Post
Saskatchewan puts plan in place if Canada Post goes on strike
With the chance that Canada Post could be going on strike in the near future, the province is implementing plans to make sure that cheque payments are available to clients and service providers.
Sask. government plans for postal shutdown  CBC.ca
St.Catharines prepares for possible Canada Post strike  News Talk 610 CKTB
Thousands outside of Saskatoon also under boil water advisory
The provincial Water Security Agency says thousands more people outside the city of Saskatoon are now under a precautionary boil water advisory.
Thursday at the earliest before boil water advisory lifted in 6 Saskatoon ...  Globalnews.ca
SaskPower claims responsibility for drinking water advisory  CTV News