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Canadian markets news

After backlash, RBC pledges to not send work offshore just to cut costs
TORONTO -- The Royal Bank of Canada, which faced a fierce backlash earlier this year over an outsourcing arrangement involving the use of temporary foreign workers, said Friday it won't send work offshore just to save on salaries.
Royal Bank pledges not to outsource jobs for cash savings  CBC.ca
Royal Bank unveils supplier code of conduct after outsourcing backlash  Toronto Star
Bloomberg   Related articles »  
Valeant deal sparks share jump, helps TSX ends week higher
By Alastair Sharp. TORONTO (Reuters) - Canada's main stock index reversed earlier losses on Friday after several stocks jumped on takeover moves, helping the TSX shrug off uncertainty over U.S.
Toronto Stocks Close Higher; Manitoba Telecom, Valeant Rise  Wall Street Journal
CANADA STOCKS-TSX ends week higher as Valaent deal provides jolt  Reuters
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Ottawa weighs retaliation over new US meat label rules
Proposed changes to U.S. meat labelling laws are unsatisfactory and continue to discriminate against Canadian beef and hog producers, Ottawa says, raising the spectre of retaliatory action from the federal government.
Mexico eyeing retaliatory measures in US meat labeling dispute  Reuters
Canada threatens retaliation over US meat-labelling rules  CBC.ca
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Kinder Morgan files pipeline project description with energy board
Kinder Morgan announced Friday that it has taken another step toward twinning its Trans Mountain pipeline by filing a project description with the National Energy Board.
Kinder Morgan files preliminary plans for Trans Mountain pipeline expansion  Globe and Mail
Kinder Morgan takes next step in its Trans Mountain oil pipeline expansion plan  Calgary Herald
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TD Bank profit rises despite sluggish housing growth
TD-bank Toronto-Dominion Bank Group President and Chief Executive Ed Clark delivers a speech at the company's annual general meeting in Victoria, British Columbia in this March 31, 2011 file photo.
First TD Buyback in 6 Years Seen Helping Stock: Corporate Canada  Bloomberg
National Bank of Canada Profit Falls  Wall Street Journal
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Bausch & Lomb Nears Deal to Sell Itself to Valeant for $9 Billion
Bausch & Lomb Inc. is nearing a deal to sell itself to drug maker Valeant Pharmaceuticals International Inc. for about $9 billion, according to people familiar with the matter�a surprise move that highlights a resurgence in private-equity deal making after years ...
Valeant Pharmaceuticals eyes Bausch & Lomb  Globe and Mail
Bausch & Lomb near $9 bn sale to Valeant: source  Times of Oman
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Canada ranks 3rd last in paid vacations
Canada ranks third last among economically advanced countries in the amount of paid vacation time it guarantees its workers, a new U.S.
Study ranks Canada third-worst among affluent nations for paid vacation  Toronto Star
Are we getting enough vacation? Canada ranks near bottom of list  Globe and Mail
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MTS becomes takeover target
Manitoba Telecom Services has sold its Allstream national network -- a constant drag on the company's performance -- but the Winnipeg telco now faces the heightened prospects of being a takeover target itself.
Manitoba Tel agrees to sell Allstream to Egyptian billionaire  Globe and Mail
Sawiris's Accelero to Buy Allstream for $503 Million  Bloomberg
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Man at centre of SNC-Lavalin fraud allegations was key hire by company
MONTREAL - When SNC-Lavalin Group Inc. chief executive Jacques Lamarre met a hot-shot engineer named Sami Bebawi for dinner in mid-1998, he was looking for someone who could help turn around the company's money-losing construction unit after ...
SNC-Lavalin letter says Gadhafi son was offered VP post  CBC.ca
Some of SNC's missing millions found in Montreal real estate, RCMP alleges  Globe and Mail
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Regina mayor takes steps towards expansion
The City of Regina wants to get bigger and that could means extending it's borders to include a neighbouring rural municipality.
Annexation of RM's land seen as spur to city growth  Regina Leader-Post
City announces plan for regional economic development  CTV News
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