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Canadian markets news

CIBC to buy PrivateBancorp for almost $5B in friendly deal
CIBC is offering to buy Chicago-based PrivateBancorp, Inc. in a friendly deal valued at $4.9 billion, or $3.8 billion US, as it seeks to grow its presence in the U.S.
CIBC to buy PrivateBancorp in $4.9 billion deal to boost U.S. footprint  Financial Post
CIBC To Buy PrivateBancorp, A Chicago-Based Bank, In $4.9-Billion Deal  Huffington Post Canada
StreetInsider.com  
Bombardier set to hand over first CSeries aircraft
After years of delay and big cost overruns, Bombardier's CSeries program is finally getting off the ground with the delivery of its first aircraft to Swiss International Air Lines.
Aerospace mfg industry set to lift off in Canada  Electronic Products & Technology
Bombardier on cloud nine as it strikes �4.7bn deal to sell scores of CSeries ...  Belfast Telegraph
Stock futures up as Brexit shock recedes, oil rises
(Reuters) - Stock futures pointed to a higher opening for Canada's main stock index for the second day on Wednesday as the shock from Britain's vote to leave the European Union petered out and oil prices rose as risk appetite increased.
CANADA STOCKS-TSX jumps 1 pct as oil supports, investors buy post-Brexit  Reuters
Brexit: 4 Negative Effects on the Stock Market  The Motley Fool Canada
Uber software tracks drivers for high speed, sudden stops
SAN FRANCISCO -- Using smartphone sensors to peek over its drivers' shoulders, Uber is promising to keep a closer eye on their behaviour -- while discouraging speeding or slamming on the brakes.
Alberta rolls out details of ride-hailing rules  Waterloo Record
Uber 'reviewing' new Alberta rules before deciding to resume service  CBC.ca
Metro Vancouver to release report on Massey tunnel replacement plan
The political body that oversees the Greater Vancouver regional district will make its case against the Massey Tunnel replacement project today.
New crossing needed, but tunnel is a better option  Delta-Optimist
BC seeking firms to build Massey Tunnel replacement  Journal of Commerce
Work begins in 2017 on GO train expansion into Niagara
Work will begin next year to extend weekday GO train commuter service from Hamilton to Grimsby by 2021, and to Niagara Falls by 2023.
GO commuter rail a 'massive win' for Niagara  Niagarathisweek.com
GO expansion: commuter trains set to connect Hamilton to Niagara within five ...  Hamilton Spectator
Alaska budget deficit could end oil cheques paid to residents
ANCHORAGE, Alaska - As Alaska faces a multibillion dollar budget deficit, the oil fund wealth cheques distributed yearly to nearly every Alaskan could be on the chopping block.
An economist's take on budget plan  Fairbanks Daily News-Miner
Alaska's $53 Billion Permanent Pool to Exit Funds of Hedge Funds  Bloomberg
CAE opens new simulation facility
The official grand opening of the CAE helicopter simulator training and research and development facility was cleared for takeoff and launched Tuesday at CAE's facility on Beclin Road in Mount Pearl.
CAE Unveils Helicopter Training Facility in Newfoundland and Labrador With ...  ExecutiveBiz (blog)
CAE Inc.: Hibernia Project, RDC and CAE inaugurate the New Helicopter ...  The Wall Street Transcript
Lack of evidence hindering mortgage policy decisions
Leading broker association calls for lenders to release mortgage data prior to any further government macro-prudential regulation.
Five things you should know before you start your work day on June 29  Financial Post
Talk of housing bubble premature, says new report  Radio Canada International
Chinese bank attempts seizure of loan fugitive's assets in Vancouver
In a June 24 lawsuit filed at the Supreme Court of British Columbia, leading global lender China CITIC Bank Corp. Ltd. has initiated seizure proceedings on the assets of an alleged loan fugitive currently based in Vancouver.
Chinese bank is trying to seize Vancouver homes of former citizen accused of ...  Financial Post
China's CITIC Bank tries to seize about $7.3M in Canadian real estate assets  bnn.ca