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Canadian markets news

Suncor cuts spending by $400M as oilpatch rides out low oil
Suncor Energy is trimming its spending plans for this year by a further $400 million, the latest Canadian company to make cuts in the face of oil below $50 US a barrel.
TSX rises in choppy trading; energy bounce offsets poor earnings  Reuters Canada
Suncor CEO Sees Acquisitions as More Attractive  Wall Street Journal
Reuters  
Transportation watchdog looking into CN runaway train collision
The country's transportation watchdog is investigating a collision involving a runaway train at Canadian National Railway Co.'s rail yard north of Toronto.
TSB investigating runaway train  theifp.ca
Resolute Forest Products reports second-quarter loss, sales down from year ago
MONTREAL - Resolute Forest Products Inc. (TSX:RFP) reported a loss of US$4 million in its latest quarter compared with a loss of $2 million a year ago.
Resolute Forest Products Trading Up 7.3% on Better-Than-Expected Earnings (RFP)  Dakota Financial News
Mid-Day Changers: Resolute Forest Products Inc. (RFP), Control4 Corporation ...  WallStreet Scope
Saks Fifth Avenue to begin recruiting for 365 positions
Saks Fifth Avenue will open its recruitment centre this holiday Monday, to fill 365 full and part-time jobs at two new Toronto stores.
Saks Fifth Avenue to hire 365 employees for Toronto store  CTV News
Cenovus to cut more jobs, dividend as oil prices slump
(Reuters) - Cenovus Energy Inc CVE.TO slashed its quarterly dividend by 40 percent and said it would cut 300-400 more jobs as the Canadian company looks to reduce costs after a slump in crude prices.
Cenovus Energy to cut jobs, dividend amid oil price slump  Reuters
Oilpatch pain persists as Cenovus to cut hundreds more jobs this year  CTV News
Goldcorp Earnings Beat Estimates on Lower-Than-Expected Costs
Goldcorp Inc., North America's largest gold producer by market value, cut its dividend as part of a strategy to cope with slumping prices.
Goldcorp slashes dividend 60 per cent as gold plunges  The Globe and Mail
Goldcorp Slashes Dividend as Output, Profit Climb  Wall Street Journal
Potash Corp. Earnings Fall on Weaker Nitrogen Prices
... POT 0.71 % Potash Corp. of Saska POT 0.71 % tchewan Inc. posted a 12% drop in second-quarter profit on Thursday and scaled back the top end of its earnings guidance for the year, as weaker nitrogen prices undermined results.
Potash Corp. keeps sights on buying K+S, trims outlook  The Globe and Mail
K+S cool to new talks with Potash Corp on takeover  Reuters
Shopify stock jumps 14% after it boosts revenue in Q2
Ottawa tech startup Shopify saw its stock jump by 14 per cent on Thursday after it announced second quarter revenues increased by 90 per cent.
Shopify says it will spend more to grow ahead of holiday season, posts Q2 loss  Vancouver Sun
Shopify blows past forecasts; stock jumps  The Globe and Mail (subscription)
Port Mann Bridge tolls going up August 15
METRO VANCOUVER - Tolls will go up on the Port Mann Bridge, effective Aug. 15 with car drivers seeing rates rise $3 per per crossing to $3.15.
Tolls going up on the Port Mann Bridge  CTV News
Port Mann Bridge tolls go up August 15th  Am730 Vancouver Traffic News
Canadians less satisfied with banks: survey
Canadians are less satisfied with their banks because of higher fees and decreased services, according to a survey published Thursday.
Bank customer satisfaction waning amid high fees, less service  CBC.ca
TD wins coveted customer satisfaction award from JD Power  The Globe and Mail (subscription)