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Canadian markets news

Canada's economy ends Q1 with a whimper as GDP shrinks in March
The Canadian economy contracted in March for a second consecutive month as real gross domestic product grew at a slower-than-expected pace for the first three months of the year.
Canada's economy stumbled in first quarter, StatsCan says  Toronto Star
Canadian economy shrinks in March: StatsCan  Business in Vancouver
Times of India  
Heavy police presence will greet 1st wave of returning Fort McMurray residents
Fort McMurray may well be the most heavily policed city in the country Wednesday when the first wave of residents begin returning home, four weeks after a wildfire named "the beast" forced 90,000 people to flee houses and businesses with only a few ...
First wave of Fort McMurray evacuees set to return home Wednesday  CTV News
Fort McMurray wildfire: 5 conditions met for Wednesday re-entry  Globalnews.ca
Maxime Bernier parts ways with Conservative policy on supply management
Conservative leadership candidate Maxime Bernier says there's no way to reconcile his free-market principles with support for Canada's supply-managed agriculture sector, so he's parting company with longstanding party policy.
Conservative leadership candidate Bernier says supply management should end  CTV News
Maxime Bernier, Tory Leadership Candidate, Comes Out Against Supply ...  Huffington Post Canada
Fracking not 'a game changer' for NL, says independent report
An independent panel appointed by the provincial government in 2014 to review the possible impact of hydraulic fracturing in western Newfoundland has released a final report that stops short of saying whether such an industry should go ahead.
Newfoundland and Labrador Hydraulic Fracturing Review Panel releases final ...  Canada NewsWire (press release)
Fracking report recommends continued 'pause' for now  The Telegram
Competition Bureau won't oppose beer mergers involving Anheuser-Busch and Molson
OTTAWA -- The Competition Bureau says it won't oppose two proposed beer mergers involving Canada's largest breweries. In a ruling announced Tuesday, the federal agency said the proposed acquisition of SABMiller by Labatt parent company ...
South Africa regulator sets conditions for $100 billion A-B InBev, SABMiller ...  The Missourian
Competition Commission recommends merger of AB InBev and SABMiller‚ with ...  Times LIVE
OPEC on verge of civil war as members set to meet in Vienna
JOE KLAMAR/AFP/Getty Imagesigeria's Minister of State for Petroleum Resources and President of the OPEC Conference Emmanuel Ibe Kachikwu (L) and OPEC's Secretary General Abdalla Salem El-Badri of Libya attending a news conference.
US Crude Prices Edge Higher, Markets Eye Crude Oil Inventories, OPEC Meeting  MarketPulse (blog)
At the open: TSX starts higher despite GDP data  The Globe and Mail (subscription)
CMHC's exposure to housing market inches down to $520 billion
Canada's national housing agency says it managed to ratchet down its exposure to the country's mortgage market in the first quarter of the year.
CMHC releases forecast  Mortgage Broker News
CMHC trims its exposure to the housing market once again in first quarter  Financial Post
Scotiabank profits fall on bad loans, restructuring charges
The bank is also planning to shrink its Canadian retail footprint - which currently consists of 1,006 branches - by about four or five per cent over the next two years.
Scotiabank, which has biggest exposure to oil sector, lifts provision for ...  Financial Post
Scotiabank's second-quarter profit down on restructuring, loan loss ...  Winnipeg Free Press
Quebec unveils new aerospace strategy; cluster now rated best in the world
aero_montreal A�ro Montr�al, Qu�bec's aerospace cluster, has welcomed the new Qu�bec aerospace strategy unveiled by the Premier of Qu�bec, Philippe Couillard, and the Minister of Economy, Science and Innovation and Minister responsible for the ...
Quebec Liberals huddle after party unrest  CBC.ca
Qu�bec pumping $510M into new aerospace strategy  CanadianManufacturing.com
Ex-Valeant CEO to receive nearly US$1M for continued advice
MONTREAL -- The former head of the embattled Valeant pharmaceutical company will receive nearly US$1 million this year for continuing to advise the Quebec-based firm.
Valeant's former CEO to receive $9 million severance payment, other fees  Reuters Canada
Valeant Pharmaceuticals Not Ready To Let Go Of Pearson  Bidness ETC