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Canadian markets news

After backlash, RBC pledges to not send work offshore just to cut costs
TORONTO -- The Royal Bank of Canada, which faced a fierce backlash earlier this year over an outsourcing arrangement involving the use of temporary foreign workers, said Friday it won't send work offshore just to save on salaries.
Royal Bank pledges not to outsource jobs for cash savings  CBC.ca
Royal Bank unveils supplier code of conduct after outsourcing backlash  Toronto Star
Bloomberg   Related articles »  
Canada threatens retaliation over US meat-labelling rules
The federal government is threatening "retaliatory measures" against the United States in a dispute over meat-labelling rules that Ottawa and the World Trade Organization consider discriminatory.
Ottawa weighs retaliation over new US meat label rules  Globe and Mail
Mexico eyeing retaliatory measures in US meat labeling dispute  Reuters
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Kinder Morgan files preliminary plans for Trans Mountain pipeline expansion
Kinder Morgan Canada expects to need roughly 150 kilometres of new route for the expansion of its Trans Mountain pipeline, whose current path travels directly through dense urban areas in Edmonton and the B.C.
Kinder Morgan files Trans Mountain expansion plan with Canadian energy ...  Vancouver Sun
Kinder Morgan puts some of its cards on the table  CKNW News Talk 980
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First TD Buyback in 6 Years Seen Helping Stock: Corporate Canada
Toronto-Dominion Bank (TD)'s first share buyback in more than six years adds to a 10-year high in Canadian capital repurchases as companies try to soften the blow of underperforming stock prices.
US foray set to goose TD profits  Globe and Mail
TD Bank profit rises despite sluggish housing growth  Toronto Sun
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Bausch & Lomb Nears Deal to Sell Itself to Valeant for $9 Billion
Bausch & Lomb Inc. is nearing a deal to sell itself to drug maker Valeant Pharmaceuticals International Inc. for about $9 billion, according to people familiar with the matter�a surprise move that highlights a resurgence in private-equity deal making after years ...
Valeant Pharmaceuticals eyes Bausch & Lomb  Globe and Mail
Bausch & Lomb Said to Be Near $9 Billion Sale to Valeant  New York Times
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Canada ranks 3rd last in paid vacations
Canada ranks third last among economically advanced countries in the amount of paid vacation time it guarantees its workers, a new U.S.
Study ranks Canada third-worst among affluent nations for paid vacation  Toronto Star
Are we getting enough vacation? Canada ranks near bottom of list  Globe and Mail
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Former CEO 'disappointed' Allstream leaves Manitoba
BILL Fraser was CEO of MTS in 2004 when the decision was made to pay $1.7 billion for Allstream to create a platform for growth for the Manitoba company.
Manitoba Tel agrees to sell Allstream to Egyptian billionaire  Globe and Mail
Sawiris's Accelero to Buy Allstream for $503 Million  Bloomberg
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Regina mayor takes steps towards expansion
The City of Regina wants to get bigger and that could means extending it's borders to include a neighbouring rural municipality.
Annexation of RM's land seen as spur to city growth  Regina Leader-Post
City announces plan for regional economic development  CTV News
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Man at centre of SNC-Lavalin fraud allegations was key hire by company
MONTREAL - When SNC-Lavalin Group Inc. chief executive Jacques Lamarre met a hot-shot engineer named Sami Bebawi for dinner in mid-1998, he was looking for someone who could help turn around the company's money-losing construction unit after ...
SNC-Lavalin letter says Gadhafi son was offered VP post  CBC.ca
Some of SNC's missing millions found in Montreal real estate, RCMP alleges  Globe and Mail
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Water treatment failure: City analyzing what went wrong
Now that Montreal's 36-hour boil water advisory is over, recriminations, accusations and investigations are now all on tap.. One opposition party leader said that Mayor Applebaum - who had taken some time off to mourn his brother - should have been more ...
'Detailed analysis' of water underway: Montreal official  Montreal Gazette
Montreal's boil-water warning inflames an already simmering city  Globe and Mail
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