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Canadian markets news

More deficit spending not the answer for Canada
The 2007/08 recession knocked many Canadian governments off the sound policy footing of balanced budgets, falling debt levels, and tax relief.
Ottawa begins fiscal year with $1.1-billion deficit  The Globe and Mail
Ottawa starts year in better shape narrowing deficit to $1.15B in April-May  Winnipeg Free Press
Reuters   Related articles »  
Toronto stock market advances, up for week amid strong earnings reports
TORONTO -- Gold stocks and financials helped give the Toronto stock market a lift Friday amid a rebound for U.S. durable goods orders.
CANADA STOCKS-TSX gains as banks lead, eyeing 0.8 pct gain on week  Reuters
Toronto stock market flat, up for week amid strong earnings reports  Times Colonist
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TransForce shares up after acquiring Ontario trucking company Contrans for ...
MONTREAL - TransForce shares hit an all-time high Friday after the trucking company announced the largest acquisition in its history with a friendly offer for specialized transportation hauler Contrans Group.
TransForce to take over Contrans in mega-merger (Updated with Analysts ...  Truck News
TransForce (T.TFI) to snap up Contrans Group (T.CSS) in $495 million ...  Stockhouse
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NL loses Upper Churchill bid in Quebec court
A Quebec court has dismissed the latest bid from Newfoundland and Labrador to redefine the ever-controversial Upper Churchill contract, something that has caused sharp divisions between the two provinces for more than four decades.
Quebec rejects bid by Newfoundland and Labrador to reopen Churchill Falls deal  CTV News
Nalcor CEO disagrees with court ruling on Churchill Falls contract  Clarenville Packet
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Scotiabank settles lawsuit with 15000 employees over unpaid overtime claims
The Bank of Nova Scotia has reached a proposed settlement in a massive class action that had alleged the bank denied overtime to as many as 15,000 current and former retail branch employees.
Settlement reached in Scotiabank overtime case involving retail branch workers  Toronto Star
Scotiabank settles overtime class-action case  TheChronicleHerald.ca
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Lufthansa, Air France to resume Tel Aviv flights
BERLIN (AP) - Air France and Germany's Lufthansa decided Friday to resume flights to Tel Aviv after canceling operations for several days over safety concerns.
Air Canada flight does 'go around' in Tel Aviv after rockets fired  The Globe and Mail
Air Canada flight circles Israeli airport during rocket fire  Toronto Sun
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Nortel Strikes $1 Billion Interest Cap With Bondholders
Nortel Networks Corp.'s U.S. division said Thursday it has reached a deal with bondholders owed nearly $4 billion to cap the interest they can collect at $1.01 billion.
Key dispute settled in Nortel Networks bankruptcy case  Stockhouse
Settlement reached in a key dispute in Nortel Networks bankruptcy case  mysask.com
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Candu Energy to cooperate with Chinese firm on Romanian reactors
BUCHAREST, July 25 (Reuters) - Canada's Candu Energy said on Friday it will help China Nuclear Power Engineering Company (CNPEC) build two nuclear reactors in European Union state Romania if and when the Chinese firm decides to invest there.
China signs Candu deals with Romania and Argentina  World Nuclear News
SNC's Candu poised to be world player  The Globe and Mail
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Rob Ford slams plan to close stetches of Yonge, Bloor
TORONTO -. Mayor Rob Ford wants to slam the brakes on plans to close 5 km of Yonge and Bloor Sts. next month. Open Streets TO is launching a pilot program on Sunday, Aug. 17 and Sunday, Aug. 31 to close down Bloor St. between Spadina Ave.
Look inside Toronto's first ice bar and lounge  blogTO (blog)
Summer Festival Will Open Yonge and Bloor to Pedestrians and Cyclists  Torontoist
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Major aviation meeting may take place in Montreal next week
MONTREAL -- Discussions have been held to set up a meeting of representatives of various international organizations and states that are involved in the airline industry.
Spotlight on safety after MH17 disaster  Independent Online
Aviation officials to meet on plane shot down  Washington Post
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