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Canadian markets news

Greek Finance Minister's Handwritten Notes Scrutinized
After Greece's new finance minister Euclid Tsakalotos emerged from an important meeting to determine the future of his country, all eyes were on his handwritten notes that he was holding.
Prospects of new Greek rescue rise at euro zone summit  The Globe and Mail (subscription)
Euro Drops as Europe Slaps Greece with Debt Ultimatum  NDTV
Hindustan Times  
JPMorgan to pay $125 million to settle federal credit card debt probes
A view of the exterior of the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City, May 20, 2015.
JPMorgan will pay more than $125 million to settle US credit card debt probes  Business Insider Australia
Canada's finance minister not ready to declare a recession
VANCOUVER —Canada's economy is beset by “external factors” such as the precipitous drop in energy prices and the instability in Greece, but it is too early to say the Canadian economy is in recession, Finance Minister Joe Oliver said Tuesday.
Canada doesn't need new measures to boost economy, Finance Minister Joe ...  Toronto Star
Despite economist predictions, Oliver says Ottawa's budget holding steady  The Globe and Mail
BC government approves construction projects for $9B Site C hydro dam
FORT ST. JOHN, B.C. -- The British Columbia government has granted approval for the first phase of construction to start on the massive Site C hydroelectric dam project on the Peace River.
BC government approves construction projects for 9-billion Site C hydro dam  The Globe and Mail
Permits to start construction on $8.8-billion Site C power dam issued by BC  Vancouver Sun
Jean Coutu says new Quebec drug rules will hurt results and confuse patients
LONGUEUIL, Que. - Drug store chain Jean Coutu says impending changes to the way pharmacies are compensated in Quebec will hurt its financial results and confuse patients.
The Jean Coutu Group (PJC) Inc. Reports on Voting Results Associated to the ...  MarketWatch
Jean Coutu Group Inc profit falls 6.5% as tax hit from court ruling takes toll  Financial Post
The trade deficit has widened to $41.9 billion
Americans generally buy more from foreigners than they do from us, a pattern that stretches back decades. But changes in the trade deficit can tell a story about what's happening in the global economy, depending on whether the gap between the value of ...
Lesco, Discos directed to redress complaints  Business Recorder (press release) (blog)
Alberta may narrowly avoid recession
Alberta may be able to avoid a recession this year, but even if it does, its economy will see scarcely any growth. Fort McMurray oilsands emissions.
ATB Financial chief economist Todd Hirsch says rebound for Alberta economy ...  Calgary Sun
Alberta economy remains in doldrums, but no recession:ATB Financial  Calgary Herald
CANADA STOCKS-TSX ends higher in reversal; energy and utilities lead
TORONTO, July 7 Canada's main stock index staged a dramatic recovery to end in positive territory on Tuesday, with energy stocks cheered by oil's paring of losses and utilities gaining on increased bets that the Bank of Canada could cut interest rates.
TSX ends up in volatile trade; energy and utilities jump  Reuters Canada
Contrarian investors: Don't be afraid to buy Canadian  The Globe and Mail
Southwest ring road construction to start next year
The provincial government says construction on the southwest portion of Calgary's ring road will start next year. Under its agreement with the Tsuu T'ina Nation, the province must complete the stretch of ring road on former reserve land within seven ...
Province pledges to complete southwest ring road in seven years  CTV News
Alberta NDP pledge to complete SW leg of Calgary ring road by 2022, but not ...  MetroNews Canada
Hotel Saskatchewan sold to investment firm for $37 M
The historic Hotel Saskatchewan in downtown Regina has a new owner. The Toronto real estate investment firm InnVest REIT has announced a deal to purchase the hotel for $37 million.
Hotel Sask. changes hands again for $37M | Gallery  Regina Leader-Post
Regina's historic Hotel Saskatchewan sold in $37M deal  CTV News