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Canadian markets news

Time to end Canada's temporary foreign worker program
The time has come for the federal government to admit that the temporary foreign worker (TFW) program is clearly not working, and put an end to it.
Foreign workers drove unemployment higher in BC: CD Howe report  The Province
Jason Kenney suspends food services sector from foreign worker program: Tim ...  Toronto Star
The Globe and Mail   Related articles »  
Toronto-based e-reader Kobo lays off 63 people
Toronto-based e-reader company Kobo laid off 63 people on Thursday, only a few weeks after appointing a new president, amid what it called ´┐Żorganizational changes.
Kobo Cuts Over 60 Positions  Publishers Lunch Deluxe (subscription)
Breaking: Kobo Makes Organizational Changes in Toronto  Good E-Reader (blog)
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Gas price drop likely temporary
Just when gas prices were flirting with record highs, prices through the region dropped roughly nine cents this afternoon. But don't expect them to stay that low.
Gas pains will get worse before levelling off  Ottawa Sun
Gas prices hit three-year high in parts of Canada  CTV News
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Amazon's revenue increases even as spending rises
SAN FRANCISCO (Reuters) - Amazon.com Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses.
Amazon's international arm hit by spending in China  Financial Times
Amazon outlook hit by big spending plans  MarketWatch
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Equestrian park, camping area set to reopen in May
OTTAWA - The former Nepean National Equestrian Park and the adjacent camping area will reopen next month, the next big step in a non-profit foundation's $20-million initiative to redevelop the Greenbelt properties.
Parts of new Ottawa equestrian complex to open next month  CBC.ca
$20M equestrian plan could give royal swans winter digs  Ottawa Sun
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Toronto street signs up for auction
TORONTO -. Toronto residents will have the chance to bid on a piece of the city next week. The City of Toronto announced Thursday that decommissioned street signs will be up for auction starting Monday.
Old Toronto street signs to go up for auction  MetroNews Canada
Home News City of Toronto to sell decommissioned street...  insideTORONTO.com
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Sears Canada CEO wants to get real: 'Our guy isn't going to wear pink denim or ...
By David Friend. TORONTO - Sears Canada isn't interested in stocking high-priced runway styles and lavish decor because it's not what middle-class shoppers want to buy, chief executive Douglas Campbell says.
Sears Canada CEO works to rebalance top-heavy executive structure  Financial Post
Sears Canada plans upgrades to online shopping system  TheChronicleHerald.ca
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Ontario should look at private sector to reduce costs: report
TORONTO ─ Ontario's "staggering" debt load should prompt politicians to consider using the private sector to deliver public services at lower cost, the province's former finance minister says.
Liberals should involve private sector in delivering services: Duncan  580 CFRA Radio
Ontario must partner with private sector to preserve services: Dwight Duncan  Toronto Star
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CIBC Seeks Next Leader as CEO McCaughey to Retire in 2016 (1)
Gerald McCaughey, who reduced risk as head of Canadian Imperial Bank of Commerce after costly missteps in the 2000s, plans to retire in two years.
How CIBC chief executive Gerry McCaughey made boring lucrative  Financial Post
CIBC's future has to include more risk  The Globe and Mail
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Canadians can bank on low interest rate for years to come: Poloz
Canadians can expect to enjoy relatively cheap borrowing costs for some time to come - perhaps years - even after the economy returns to full capacity and the Bank of Canada starts hiking interest rates, bank governor Stephen Poloz said Thursday.
Low rates may be new norm, Poloz says  StarPhoenix
Bank of Canada Governor expects inflation and interest rates to stay low  The Globe and Mail
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