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Canadian markets news

Calgary oil and gas producer Encana posts US$379 million loss in first quarter
CALGARY - Calgary-based Encana Corp. (TSX:ECA) reported Tuesday a US$379-million net loss for the first quarter mainly due to writedowns and lower oil and gas prices as revenue fell 40 per cent compared with the same time last year.
Encana Corporation: Struggling to Evolve?  The Motley Fool Canada
Encana sharply narrows quarterly loss as costs fall  The Globe and Mail
TheStreet.com  
The loonie's wild ride: Canadian dollar swings by more than a penny
It has, to put it bluntly, been a heck of a few hours for the Canadian dollar. The loonie has tumbled from a high today of 80.3 cents U.S.
TSX falls as financials and energy lead broad-based losses  Reuters Canada
TSX, Wall Street see broad declines amid Chinese manufacturing concerns  CP24 Toronto's Breaking News
BC to cut film, TV tax credit after consulting with industry
The British Columbia government is cutting film and TV tax breaks amid an industry boom that drove the cost of the tax credits to nearly half a billion dollars in the last fiscal year - a decision that prompted some within the industry to worry U.S ...
Province cuts back on film, TV tax credits  Times Colonist
BC lowers tax credit available to film industry  CBC.ca
WestJet reports first quarter results
CALGARY, May 3, 2016 /CNW/ - WestJet (TSX: WJA) today announced its 44th consecutive profitable quarter, with first quarter 2016 net earnings of $87.6 million, or $0.71 per diluted share.
WestJet says it's weathering weak economy, posts $87.6 million profit in Q1  Vancouver Sun
WestJet profit drops 38% on higher costs, Alberta weakness  The Globe and Mail
Feds to compensate dairy farmers to prep industry for CETA
OTTAWA—The federal government is planning to introduce a loss mitigation package to help Canada's dairy industry stave off the negative effects the Comprehensive Economic and Trade Agreement (CETA) with the European Union will have on the sector.
Ottawa to talk compensation with dairy farmers for Canada-EU trade deal  CBC.ca
Dairy Group Welcomes CETA Impact Mitigation Consultations  BlackburnNews.com
City of St. John's backtracks on plan to charge for sewer repairs
The City of St. John's has reversed its decision to charge for sewer repairs on privately-owned residential properties. In the city budget in December, council changed the way it handles lateral water and sewage repairs to private properties - a move ...
Councillor Pleased with Sewer Lateral Repair Solution  VOCM
City of St. John's gets back in the sewer  The Telegram
Broadway Avenue construction begins in Saskatoon
Construction crews moved into Broadway Avenue on Monday, marking the beginning of a five-month construction project. Over the course of the summer, city crews will start upgrading 100-year-old water mains and begin paving the roads along Broadway ...
Saskatoon businesses on Broadway pledge to stay open during road work  Globalnews.ca
Food truck owners seek rules revamp  Saskatoon StarPhoenix
Ritchie Bros. industrial auction sets another record as Alberta's economy ...
THE CANADIAN PRESS/Codie McLachlanRitchie Bros.' five-day industrial auction ended Saturday after the company's auctioneers sold $240 million of industrial equipment.
CA$240+ million of equipment sold at record-breaking Edmonton auction  Montreal Gazette
9 Signs That Alberta Is Really, Truly F***ed Right Now  Huffington Post Canada
Regina Evraz plant to lay off close to 200 steelworkers
By the end of this week, nearly 200 workers at Evraz Regina will be out of a job. The cuts come at a time of uncertainty in the steel mill industry, with low oil prices contributing to fewer production orders, according to Mike Day, president of United ...
Evraz to lay off 90 workers at Regina pipe mill this week  Regina Leader-Post
Evraz to lay off at least 200 workers in Regina this week  620 CKRM.com
Fewer restrictions on craft brewing in Calgary as council amends zoning rules
City council hoisted its collective mug on Monday and gave a mighty cheers to the local brewing industry. Councillors signed off on changes to land-use rules that will make it easier for breweries, as well as distilleries and wine makers, to spring up ...
New bylaw definition opens door to micro, nano brewers and distillers in Calgary  Calgary Herald
City council says yes to more micro-breweries  660 News