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Canadian markets news

RBC economist predicts home price declines in 2016 as rates rise
An economist at Canada's biggest bank says home prices could start falling in 2016 if interest rates return to more normal levels.
RBC forecasts housing market will cool in 2015 if interest rates rise
Canada's Big Banks Seen Reporting Mixed Third-Quarter Results  Wall Street Journal
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Sears Canada widens Q2 loss to $21.3 million, same store sales drop 6.8 per cent
Commuters walk past a Sears store in Toronto on Thursday April 25, 2013. Sears Canada Inc. reported a net loss of $21.3 million, or 21 cents per share, in the second quarter, compared to a profit of $152.8 million, or $1.50, in the same period last year.
UPDATE 1-Sears Canada reports loss, revenue slides 12 pct  Reuters
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Target execs set Christmas deadline
The Target CFO says it would have been better off to open five to 10 stores in Canada, rather than the 124 it did. Photograph by: Don Healy, Leader-Post Files , Financial Post.
Target sees signs of progress, but cuts outlook for year [Star Tribune ...  Businessweek
How Target strayed deep into the red in Canada  The Globe and Mail
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$24M ad campaign for Keystone pipeline had little impact: survey
America and Canada are friends. That's the main message Americans got from phase one of the federal government's multimillion-dollar advertising campaign to promote Canadian oil in Washington and drum up support for the Keystone XL pipeline.
Keystone study faulty  Waterloo Record
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Dr. Oetker buying McCain Foods pizza operations 0
London won't be Dr. Oetker's only North American pizza-making site after all. The company has signed a deal to buy the pizza operations of New Brunswick-based McCain Foods.
Dr. Oetker gobbles up McCain frozen pizza plants  London Community News
McCain Foods sells North American frozen pizza business to Dr. Oetker  The Telegram
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Fed could hike interest rates sooner than expected
US Federal Reserve officials discussed whether to increase interest rates earlier than previously planned, raising expectations that it could take action before next year.
US stocks: Futures up as Fed, China given the brush-off  MarketWatch
Europe stocks firm as dollar holds highs  Financial Times
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Beer Store rejects claims of high beer prices in Ontario
Ontarians are paying more for beer than drinkers in Quebec thanks to the near-monopoly of the province's big-brewer-owned Beer Store, according to a study released by the C.D.
Evidence, ideology and alcohol sales  Hamilton Spectator
Liberals unfazed by report saying monopoly on booze is actually sales  Waterloo Record
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Bridges tolling drivers together
Drivers heading across the Golden Ears and new Port Mann toll bridges can now get all their tolls on one bill. TReO, the tolling system for the Port Mann, and Quickpass, the system for the Golden Ears, will start sending out one TReO bill for both bridges ...
One toll bill for Golden Ears, Port Mann bridges starting on Sept. 1  Abbotsford News
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Large sinkhole nearly swallows BMW in Scarborough
The sinkhole appeared outside of a home near Warden and Kennedy early this morning directly underneath the luxury SUV. The sinkhole stretched from the cars back bumper to the front tire and was several feet deep.
Scarborough sinkhole nearly swallows car  CANOE
Sinkhole opens up under BMW on Scarborough, Ont. driveway  The Weather Network
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BC wholesale trade dips slightly in June
British Columbia saw a drop in wholesale sales in June after three consecutive monthly gains, Statistics Canada announced August 20.
Canada wholesale sales rise 0.6 percent to $48.44B in June  Gant Daily
Canada Wholesale Sales Rise  Wall Street Journal
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