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Canadian markets news

TSX opens lower as investors eye Fed decision
TORONTO (Reuters) - Canada's main stock index fell on Wednesday, led by lower financial and energy stocks, as investors were nervous ahead of a U.S.
Markets Have Already Misread the Fed  Bloomberg
At the open: TSX dips ahead of Federal Reserve policy statement  Globe and Mail
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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.
TD Economics expects global growth to pick up following slow start to 2013  Victoria Times Colonist
RBC takes more optimistic view of Canadian economy, raises growth forecast  Medicine Hat News
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Imperial Oil refinery in Dartmouth to close
Imperial Oil is closing its refinery in Eastern Passage and converting it into a marine terminal. The company said it could not find a buyer for its facility to continue operating as a refinery.
Imperial Oil to close Nova Scotia refinery, convert it to terminal  Globe and Mail
Imperial Oil converting Nova Scotia refinery to terminal operation  Calgary Herald
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Canadian dollar advances, traders look to Fed statement, Poloz speech
TORONTO - The Canadian dollar was slightly higher Wednesday ahead of the mid-afternoon release of the U.S. Federal Reserve's latest policy statement and economic projections.
Canada Stocks Decline as Investors Await Poloz Speech, Fed Plans  Bloomberg
Canadian Dollar Up Slightly Ahead of Fed Statement, BOC Speech  Wall Street Journal
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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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Orascom Pulls Request for Approval of Wind Mobile Acquisition
Orascom (OTLD) Telecom Holding SAE, the Egyptian wireless carrier, withdrew its request for regulatory approval to acquire Wind Mobile, forcing the Canadian operator to review its investment options.
VimpelCom drops bid to acquire Canada's Wind Mobile  Reuters Canada
Egypt's Orascom Telecom dropping bid to control Wind Mobile  CTV News
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BMO forecasts key interest rate hike by July, 2014
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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MEC logo loses the mountain, boasts initials
VANCOUVER - No longer the �Gore-Tex vortex� of outdoor retailing, Mountain Equipment Co-op has launched the first major rebranding since its founding to acknowledge that its customers are as likely to be engaging in yoga or paddle boarding as they are ...
Mountain Equipment Co-op moves mountain off its logo (video)  Edmonton Journal
Mountain Equipment Co-op changes its name to MEC  Toronto Star
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Tim Hortons pressed by a second hedge fund, shares jump
tim-hortons A row of Tim Hortons coffee cups are lined up for customers at Penn Station in New York in this July 13, 2009 file photo.
Hedge fund lifts Tim Hortons  Vancouver Sun
Tim Hortons pressured by another US hedge fund  Globe and Mail
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Crowdfunding site Indiegogo defends campaign to buy alleged Ford drug video
A campaign that raised $200,000 dollars to purchase an alleged video appearing to show Toronto Mayor Rob Ford smoking crack was a �beautiful example� of the fundraising power of the Internet, says the website that hosted the controversial crusade.
Indiegogo mulls equity crowdfunding, but only if rules won't 'stifle ...  Financial Post
Rob Ford Crackstarter: Crowdfunders Defend Effort As Video Tape Remains ...  Huffington Post Canada
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