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Canadian markets news

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.
Nortel Networks agrees to pay U.S. bondholers up to US$1-billion in interest  Financial Post
Settlement reached in a key dispute in Nortel Networks bankruptcy case: Globe  Times Colonist
Bloomberg   Related articles »  
Bombardier shakeup means more 'accountability'
The shakeup at Bombardier Inc.'s aerospace division appears to be a step in the right direction, but it also raises concerns that there's more bad news is to come, some analysts say.
Northern Ireland staff in dark over Bombardier job cuts plan  Belfast Telegraph
Bombardier CEO retires amid restructuring  Vancouver Sun
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TransForce bids to acquire Ontario trucking company Contrans for $495 million
MONTREAL - TransForce Inc. (TSX:TFI) has a friendly offer to acquire Contrans Group Inc. (TSX:CSS) for $495 million in cash. The board of Contrans, a trucking company based in Woodstock, Ont.
TransForce signs agreement to acquire Contrans Group Inc.  Wall Street Journal
TransForce Announces 2014 Second Quarter Results  Stockhouse
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Air Canada flight to Tel Aviv circles above airport after rockets fired
An Air Canada flight to Tel Aviv circled above Israel's main international airport before landing on Friday after rockets were fired at the airport.
Gaza conflict: Air Canada flight AC84 lands in Tel Aviv after circling ...  CBC.ca
Rocket fire targets Tel Aviv airport just as Air Canada flight due to land  Toronto Star
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Muskrat Falls landslides show dam built in danger zone: opponents
Opponents to the Muskrat Falls hydroelectric project in Labrador claim the dam is being built in a danger zone, citing recent landslides along the Churchill River just a few kilometres from the construction site.
Nalcor Aware of, Not Concerned About Landslides  VOCM
'Muskrat Madness' in NL  The Telegram
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IMF scales down global growth forecast at 3.4 percent for 2014
The International Monetary Fund (IMF) has scaled down its global growth projection for 2014. The forecast is 0.3 percent weaker for 2014 relative to the April 2014 WEO, reflecting actual first-quarter outcomes and a slower domestic demand path in emerging ...
IMF fears ultra-low rates are fuelling asset bubbles  Telegraph.co.uk
IMF cuts growth outlook globally and in Canada  Hamilton Spectator
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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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Encana's restructuring running far ahead of schedule, CEO says
Encana Corp. chief executive Doug Suttles, who unveiled a restructuring plan last fall, says the natural gas company's makeover is one or two years ahead of schedule.
Turnaround ahead of schedule  StarPhoenix
UPDATE 2-Encana oil production rise offsets profit fall on weak natgas  Reuters
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Hydro poles in middle of sidewalk all part of the plan, city says
Hydro poles immersed in the middle of a newly poured sidewalk in Montreal North were all part of the plan, Montreal city officials said Thursday.
Hydro poles left in the middle of Montreal-North sidewalk  Globalnews.ca
Hydro poles embedded in Montreal sidewalk  Toronto Sun
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Canadian and Chinese companies partner to build nuclear reactors in Romania
VANCOUVER - A Canadian company is partnering with a Chinese firm in anticipation of building two more nuclear reactors in Romania that could be worth $1.5 billion for Canada's economy.
Candu Energy inks deal with Chinese group for two nuclear reactors in Romania  Business Review
SNC's Candu poised to be world player  The Globe and Mail
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