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Canadian markets news

Bank of Canada holds rate at 0.5%, warning uncertainty still clouds economy's ...
OTTAWA - The Bank of Canada is sticking with its trendsetting interest rate of 0.5 per cent, saying uncertainties continue to overshadow the economy's stronger-than-expected start to the year.
Bank of Canada holds rates amid boom 'in all the wrong places'  The Globe and Mail
Bank of Canada holds rates, sees no cooling in housing yet  Reuters Canada
Bank of Canada  
Loonie holds on to recent gains ahead of Bank of Canada, OPEC decisions
The Canadian dollar was little changed against its U.S. counterpart on Wednesday, holding onto recent gains ahead of an interest rate decision by the Bank of Canada and a possible extension of oil production cuts by major producers.
CANADA FX DEBT-C$ notches 1-month high as Bank of Canada turns more upbeat  Reuters
Canadian dollar and business outlook  Western Producer
At midday: TSX slips as bank stocks weigh
Canada's main stock index fell on Wednesday, weighed down by an earnings miss from Bank of Montreal and as investors assessed the latest monetary policy clues from the country's central bank.
Bank earnings begin with BMO's Q2 net income up 28 per cent, dividend ...  CTV News
BMO hikes dividend as profit rises 28%  CBC.ca
Quebec's construction sector grinds to halt with mass walkout
Construction workers form a picket line in front of a construction site Wednesday, May 24, 2017 in Montreal. A union alliance representing about 175,000 Quebec construction workers has launched an unlimited general strike.
Quebec construction at near standstill after mass walkout  The Globe and Mail
Quebec construction projects grind to a halt as workers stage general strike  CBC.ca
Hydro rate-cut will ultimately cost $21B, watchdog warns
Liberal government's “Fair Hydro Plan,” which lowers electricity bills by 25 per cent, will ultimately zap Ontarians to the tune of $21 billion over the next three decades: province's budget watchdog.
Reevely: Ontario's hydro plan will cost $21 billion more than it saves ...  Ottawa Citizen
Hydro plan will cost $45-billion to save Ontarians $24-billion: FAO  The Globe and Mail
Price tag for fixing Phoenix pay system now tops original cost
The cost to fix the federal government's troubled Phoenix pay system has risen above the original amount spent to implement it.
Another $142 million to be spent fixing Phoenix pay problems  Ottawa Citizen
Liberals add $142 million in spending to solve Phoenix pay problems  CTV News
BC coffee roaster acquired by major Italian player
INVERMERE (NEWS 1130) - A BC company that specializes in organic coffee is being taken over by one of the oldest names in the business.
Lavazza Acquires Kicking Horse Coffee  Canada NewsWire (press release)
Lavazza Group buys 80% stake in BC-based Kicking Horse Coffee Ltd.  Vancouver Sun
Procter & Gamble to close Brockville, Ont., plant
The City of Brockville is losing its largest industrial employer, a "significant" part of its economy and nearly 500 well-paid manufacturing positions, said Mayor David Henderson, as Procter & Gamble announced today the closure of the Ontario plant ...
Procter and Gamble to shut Brockville plant, 480 jobs lost  Ottawa Citizen
P&G closing in Brockville  Brockville Recorder and Times
Bitcoin surges past $2K mark in latest price spike for digital currency
Bitcoin, the decentralized digital currency with global name recognition, has jumped in value once again. The value of the cryptocurrency surged past $2,000 US on May 20, according to data from institutional digital currency exchange GDAX.
Bitcoin hits record $2000, and keeps rising  Waterloo Record
Bitcoin may have more than doubled this year, but rival Ethereum is up 2000 ...  CNBC
Toronto Homeowners Are Suddenly in a Rush to Sell
After a double whammy of government intervention and the near-collapse of Home Capital Group Inc., sellers are rushing to list their homes to avoid missing out on the recent price gains.
Home Capital draws $250 million more from emergency line of credit  News1130