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Canadian markets news

MARKET COMMENT: European Stocks Drop With Fed Update in Sight
LONDON (MarketWatch)--European stock markets moved lower in choppy action on Wednesday, as investors remained cautious ahead of the much-anticipated monetary policy decision from the U.S.
Toronto stock market drifts lower ahead of word from US Fed  CTV News
Stocks inch lower in midday trading on Wall Street as investors wait for ...  Minneapolis Star Tribune
NBCNews.com (blog)   Related articles »  
Vimpelcom unit drops bid to buy Canada's Wind Mobile
By Alastair Sharp. TORONTO | Wed Jun 19, 2013 12:33pm EDT. TORONTO (Reuters) - A subsidiary of European telecoms company Vimpelcom Ltd (VIP.
Egypt's Orascom Telecom dropping bid to control Wind Mobile  CTV News
Verizon confirms it is weighing expansion into Canada  Globe and Mail
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Bank of Canada will raise interest rate in July 2014: BMO economist
TORONTO - The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO's chief economist Douglas Porter said Wednesday.
Growth in the United States, more stable Eurpean economy will help  Winnipeg Free Press
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Imperial Oil to close Nova Scotia refinery, convert it to terminal
Imperial Oil Ltd. will shut its 95-year-old Dartmouth, Nova Scotia, oil refinery after a 13-month search for a buyer came up dry due to the brutal impacts of far too much production capacity on both sides of the Atlantic and the need to import expensive crude into ...
Imperial Oil refinery in Dartmouth to close  CBC.ca
Imperial Oil converting Nova Scotia refinery to terminal operation  Calgary Herald
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RBC raises growth forecast for Canada
TORONTO - Canada's growth outlook appears to be stronger than previously thought, thanks to an improving trade picture and the strength of corporate balance sheets, economists at the Royal Bank of Canada said Wednesday.
Mining to support Saskatchewan's economic growth this year: RBC  MINING.com
TD Economics expects global growth to pick up following slow start to 2013  Victoria Times Colonist
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Tim Hortons being circled by Wall Street hedge funds
At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company.
Tim Hortons pressed by a second hedge fund, shares jump  Toronto Sun
Hedge fund lifts Tim Hortons  Vancouver Sun
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Media revenues will be mostly digital by 2015: survey
Consumer use of technology is transforming media and entertainment companies with almost 60 per cent of their revenues expected to come from digital sources by 2015, a new global survey says.
Survey reveals digital will become main revenue for media companies  globalnews.ca
Media companies' digital revenues set to overtake traditional by 2015 ...  DigitalJournal.com (press release)
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Statoil Makes Canada Oil Discovery Off Newfoundland
Norwegian oil giant Statoil ASA said Wednesday it made a big discovery of light oil offshore Newfoundland, the latest find in Canada's Atlantic region--a big and fast-growing petroleum play that's often overshadowed by the country's western oil-sands ...
Statoil makes 2nd find in new frontier off Newfoundland  CBC.ca
Statoil assessing new oil find off Newfoundland  Globe and Mail
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TSX slips as BlackBerry, Fed apprehension weigh
By John Tilak. TORONTO (Reuters) - Canada's main stock index retreated on Wednesday morning on market foreboding about what the U.S.
Traders look to Fed, boost markets  Baystreet.ca
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Canada April Wholesale Trade Report (Text)
The following is the text of Canada's wholesale trade report for April from Statistics Canada. Wholesale sales rose 0.2% in April to $49.0 billion, mainly as a result of higher sales in the computer and communications equipment and supplies industry.
Wholesale sales rose 0.2 per cent in April  Globe and Mail
UPDATE 1-Canada April wholesale trade rises 0.2 pct on computer sales  Reuters
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