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Canadian markets news

Sears closures makes impact in Moose Jaw
It's the end of an era, as Sears announced Thursday that they are closing 59 department stores across the country, laying off approximately 2,900 workers.
Sears Canada to close five Maritime locations  CTV News
The return of catalogue shopping  Moose Jaw Times-Herald
Montreal Gazette  
Home Capital deal was sparked by a 82-year-old Canadian banker who meet Warren ...
Warren Buffett's surprise investment in Home Capital Group Inc. all started with a single email from a Canadian investment banker who first met the billionaire 23 years ago.
Buffett's Home Capital bet backs turbulent Canada housing market  Hamilton Spectator
The Globe's stars and dogs for the week  The Globe and Mail
What weak inflation means for Canadian consumers
The cost of living in Canada grew the least in six months in May, Statistics Canada reported on June 23. The Consumer Price Index (CPI) rose 1.3 per cent from a year earlier, compared with a gain of 1.6 per cent in April.
Weaker inflation slows to 1.3%, could weigh on central bank's rate decision  Financial Post
Low inflation problematic, but will not sway hawkish Bank of Canada  Reuters Canada
Labrador's Muskrat Falls pricetag now $12.7B: Worse than 1969 Quebec deal, CEO ...
There has been another billion-dollar bump in the projected cost of the Muskrat Falls hydro megaproject in Labrador. The new estimate is $12.7 billion, including financing and other expenses, according to a briefing Friday by the chief executive of ...
Cost of Muskrat Falls hydro project rises by another billion, CEO says  CTV News
Price tag for Muskrat Falls hydro megaproject rises by another billion, CEO says  News1130
BlackBerry shares fall despite Q1 profit; revenue lower than analysts expected
WATERLOO, Ont. - BlackBerry CEO John Chen defended his plan to grow the software business as its shares tumbled Friday after reporting revenue that fell short of expectations.
BlackBerry falls most in two years as software sales falter  The Globe and Mail
BlackBerry stock drops as 1Q revenue falls short of expectations  CTV News
'Eventually, many will run out': How an LCBO strike could impact restaurants ...
A long drawn-out strike by liquor store workers could have a significant impact on Ontario's restaurants, wine importers, bars and consumers - but it may offer a boon to some local wineries.
Around-the-clock talks planned in bid to avert strike or lockout at LCBO  CTV News
LCBO Extends Opening Hours As Canada Day Strike Looms  Huffington Post Canada
Hope for first-time homebuyers as searing Toronto market cools
First-time Toronto homebuyers may find themselves with more options this month as the searing housing market cools and finally swings in their favour.
Cooling measures already affecting hot Toronto housing market: survey  CTV News
New rules having little impact on builders as new Toronto townhouses pass $1 ...  Financial Post
Mayor decries cost of living crisis after Churchill, Man. rail link severed
The northern Manitoba town of Churchill is in a “crisis” and its people are “being held hostage” by a rail company that won't repair flood damage to tracks that bring in critical supplies, says the town's mayor.
Churchill rail line could be fixed in 2 months, northern leaders say  CBC.ca
First Nations and North West Company call on governments to repair rail line ...  Thompson Citizen
CIBC eyes US growth as PrivateBancorp deal closes
TORONTO - The Canadian Imperial Bank of Commerce is pushing ahead with its ambitions in the United States now that it has completed its $5 billion acquisition of Chicago-based PrivateBancorp Inc., focusing first on organic growth but leaving the door ...
CIBC closes acquisition of US-based PrivateBancorp  CTV News
Does Canadian Imperial Bank of Commerce Deserve to Be This Cheap?  The Motley Fool Canada
Toronto Bike Share will be free every Wednesday in July
You can take a free spin about town with Toronto Bike Share next month. Mayor John Tory announced on Friday that service will be complimentary every Wednesday in July.
Bike Share Toronto hits ridership record, offers free Wednesday rides in July  Toronto Star
Bike Share Toronto launches free ride Wednesdays in July  Globalnews.ca