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Canadian markets news

Premarket: Europe shares, oil snap four-day losing streaks
European stocks and oil prices snapped a four-day losing streak on Thursday and a rally in bond markets fizzled out as investors began to position themselves for U.S.
Europe shares, oil snap four-day losing streaks  Reuters Canada
European stocks buoyed by BT and oil majors  Reuters
Top CRA compliance official lobbied by ex-colleague to restrict auditor powers
A top Canada Revenue Agency compliance official was lobbied by a former CRA "special adviser" on tax compliance to place restrictions on how federal auditors obtain information from accounting firms, according to documents obtained by CBC News under ...
Missed the tax deadline? Get to work and file as soon as you can  The Globe and Mail
SNC-Lavalin remains bullish on prospects for its oil and gas business
MONTREAL - SNC-Lavalin (TSX:SNC) is bullish on oil and gas, saying that business will be one of its two main profit generators this year.
SNC-Lavalin Group Inc boosts Q1 income by 17% on sale of Malta airport stake  Financial Post
SNC-Lavalin profit jumps 17% on cost cuts, new contracts  The Globe and Mail (subscription)
Want to buy a house? It'll cost you 400 weeks worth of work, economist calculates
The cost of a Canadian home in terms of how much you have to work to pay for it has surged in recent years, a new analysis of data from the Broadbent Institute in Ottawa said Thursday.
It now takes almost 8 years of work to earn enough cash to buy a house ...  Financial Post
Why our kids have to work so much longer to afford a home  The Globe and Mail
Resolute Forest cuts US newsprint capacity, permanently shuts Georgia machine
MONTREAL - Resolute Forest Products says it's permanently shutting down one of its U.S. newsprint machines in response to ongoing challenges in the market.
Largest Newsprint Maker Cuts Back in `Challenging' Market  Bloomberg
Resolute Forest Products Inc (RFP) Releases Earnings Results, Beats ...  Market Digest
TSX rises, led by resource stocks as oil rallies
TORONTO (Reuters) - Canada's main stock index rose on Thursday, snapping a three-day losing streak as higher oil prices supported energy stocks, while gold stocks also rallied.
Canadian dividend managers were posting the best returns in Q1  Financial Post
Canadian dollar, Toronto stock market edge up after big losses early in week  CTV News
Thursday's analyst upgrades and downgrades
Maple Leaf Foods Inc. (MFI-T) is “gaining sustainability,” said CIBC World Markets analyst Mark Petrie. In the wake of “strong” first-quarter 2016 results, he upgraded his rating for the stock to “sector outperformer” from “sector performer.
McCain Posts Positive Net Earnings For First Quarter  BlackburnNews.com
Maple Leaf Foods Inc. (MFI) PT Raised to C$32.00  Web Breaking News
Canadian building permits fall 7 per cent
The value of Canadian building permits issued in March fell by 7 per cent as construction intentions in oil-producing Alberta dropped following a big jump in February, Statistics Canada said on Thursday.
Statistics Canada says the value of building permits issue in March slips  Montreal Gazette
Canadian Building Permits Slide in March, Residential Stays Firm  Economic Calendar
Gildan entering Mexico with US$110 million purchase of Alstyle Apparel
MONTREAL - Gildan Activewear is expanding its low-cost manufacturing presence by entering Mexico with the acquisition of the apparel division of Ennis Inc. for US$110 million.
Ennis, Inc. Announces Acceptance of $110 Million Superior Offer for Its ...  Digital Journal
Gildan Activewear Inc (GIL) Price Target Increased to $35.00 by Analysts at ...  Web Breaking News
Think a 4th national wireless carrier will lower prices? Think again, MEI says
Consumers were on the losing end of a gamble by the former Conservative government when it sought to create more competition in the wireless market by interfering in it, says a new report released Thursday.
Canadians can blame Harper government for high wireless bill: study  News1130