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Canadian markets news

Vancouver nears worst ever record on housing affordability in Canada
Housing affordability levels in Vancouver are approaching the worst ever recorded in Canada as home sales soar 30 per cent higher than the city's 10-year average, according to a pair of reports on Canadian housing outlooks.
Toronto real estate market approaching "risky levels"  blogTO (blog)
Toronto, Vancouver housing affordability deteriorates to 'risky' levels  CBC.ca
Bloomberg  
More than half of Canadians have less than $10000 set aside for emergencies: BMO
Canadians on average are socking away more money than they used to for dealing with a potential financial emergencies, but a new survey has found that almost a quarter are still living paycheque to paycheque.
Average Emergency Savings Fund up 18 per cent From 2014; One Quarter Living ...  MarketWatch
Oil falls 3 per cent on weak China data
Oil prices fell more than 3 per cent on Tuesday after official data showed China's giant manufacturing sector, the engine powering the world's biggest energy consumer, contracted at the fastest pace in three years.
World's Top Oil Trader Vitol Sees Price Stuck at $40-$60 to 2016  Bloomberg
EconomyOil price slides after poor China factory data  Financial Times
Alberta deficit at $5.9B, minister says
With spending hikes and the costliest wildfire season on record set to inflate Alberta's budget deficit to at least $5.9 billion, Finance Minister Joe Ceci warned Monday the recent drop in oil prices will push that number higher this fall.
Alberta deficit to grow as province slides into recession  The Globe and Mail
Five Things you should know before you start your workday on Sept. 1  Financial Post
SkyGreece majority owner apologizes for stranding passengers
MONTREAL - The majority owner of SkyGreece Airlines says he's sorry for the airline's grounding that has stranded about 1,000 passengers.
SkyGreece Airlines leaves Canadian passengers stranded  AmeriPublications
Canada's Current Account Deficit Shrinks Slightly In Q2 On Favourable Trade
'We all know what has happened there - the massive fall in global energy prices. But, you know, 80 per cent of the economy is actually growing.
Four stories in the news today, Sept. 1  The Chronicle Journal
Canada's Q2 current account deficit narrows to $17.4B  Toronto Sun
Canadian Oil Sands halts oil shipments after Syncrude fire
Canadian Oil Sands Ltd., already hurt by weak oil prices and a string of operational problems at Syncrude Canada Ltd., is no longer shipping oil after a fire damaged part of its upgrading plant.
Oil Outage in Canada Boosts Prices, Fears  Wall Street Journal
Canadian Oil Sands halts crude production at Syncrude after fire  Toronto Sun
Screen Nova Scotia meets with province to talk about industry losses
A discussion billed as an "emergency meeting" requested by Screen Nova Scotia with the government ended with a promise to continue discussions, but little progress was made toward improving the outlook of the provincial film and television industry.
Minister promises another meeting on film tax incentive  TheChronicleHerald.ca
Nova Scotia film industry gives up on pushing government to reverse tax decision  mysask.com
ICBC says higher car insurance rates ahead, cites injury claims
The Insurance Corporation of B.C. says a recent leap in injury claims means that if its request were filed today, it would have to ask for a 6.7 per cent rate hike, the highest possible under current legislation.
Minister responds to ICBC call for rate increase for drivers  The Nelson Daily
ICBC says fraud, rise in claims reason for rate increase  The Castlegar Source
1000 sign petition to stop site of public beach in Verdun
More than 1000 people have signed a petition to stop a public beach in Verdun because environmentalists say the beach would disrupt a delicate ecosystem there.
Verdun residents want beach behind auditorium, not Natatorium  Montreal Gazette
Petition to stop public beach in Verdun  CJAD