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Canadian markets news

Greece given Sunday deadline to come up with new debt-crisis plan
BRUSSELS -- Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek prime minister a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin.
Euro zone gives Greece until Sunday for debt deal  Reuters Canada
Eurozone Sets Sunday Deadline for Greece Financing Deal  Wall Street Journal
BBC News  
Statistics Canada says the trade deficit grew to $3.3 billion in May
OTTAWA - Canada's trade deficit grew to $3.34 billion in May compared with $3.0 billion in April, increasing the chances the Bank of Canada will cut its key interest rate next week, economists said Tuesday.
US trade deficit widens; weakness abroad fuels export drop | Reuters  Firstpost
US trade deficit widens modestly in May  Business Recorder (press release) (blog)
Canada doesn't need new measures to boost economy, Finance Minister Joe ...
OTTAWA—Finance Minister Joe Oliver says no new economic measures to boost the economy are needed because Canada will not be in a recession at year's end, despite gloomier private sector economic forecasts.
Despite economist predictions, Oliver says Ottawa's budget holding steady  The Globe and Mail
Poloz doesn't have much breathing room when it comes to rates thanks to ...  Financial Post
TSX ends up in volatile trade; energy and utilities jump
TORONTO (Reuters) - Canada's main stock index erased a sharp fall to end in positive territory on Tuesday, with energy stocks rebounding with oil prices and utilities gaining on bets the Bank of Canada could cut rates next week to stimulate a ...
The close: TSX stages dramatic recovery to end higher  The Globe and Mail
MARKET REPORT: TSX rebounds amid volatile trading
BC government approves construction projects for $9B Site C hydro dam
FORT ST. JOHN, B.C. -- The British Columbia government has granted approval for the first phase of construction to start on the massive Site C hydroelectric dam project on the Peace River.
BC government approves construction projects for 9-billion Site C hydro dam  The Globe and Mail
Permits to start construction on $8.8-billion Site C power dam issued by BC  Vancouver Sun
Jean Coutu says new Quebec drug rules will hurt results and confuse patients
LONGUEUIL, Que. - Drug store chain Jean Coutu says impending changes to the way pharmacies are compensated in Quebec will hurt its financial results and confuse patients.
The Jean Coutu Group (PJC) Inc. Reports on Voting Results Associated to the ...  MarketWatch
Jean Coutu Group Inc profit falls 6.5% as tax hit from court ruling takes toll  Financial Post
Average Toronto home sale price hits new record
Toronto home sales hit a new record in June 2015, as the average sale price reached $639,184. Read the full report. Nearly 12,000 residences were sold last month, according to a report issued Tuesday by the Toronto Real Estate Board (TREB).
How Toronto's detached home prices have changed over two years  The Globe and Mail
Real estate market in Toronto shows no sign of cooling
Alberta may narrowly avoid recession
Alberta may be able to avoid a recession this year, but even if it does, its economy will see scarcely any growth. Fort McMurray oilsands emissions.
ATB Financial chief economist Todd Hirsch says rebound for Alberta economy ...  Calgary Sun
Alberta economy remains in doldrums, but no recession:ATB Financial  Calgary Herald
Potash Corp. said open to sweetening K+S bid
Potash Corp. (POT -2.2%) reportedly would be open to raising its $8.6B bid for K+S (OTCQX:KPLUY) if the German company could reveal more value not currently seen by the Canadian company.
Potash Corp. open to sweetening K+S bid if firm can reveal more value  The Globe and Mail (subscription)
Takeover offer from Canadian fertilizer producer Potash Corp. rejected ...  Business Review Canada
Beef prices hit record highs
Backyard grillers are facing sticker shock for beef steak this summer, with retail prices for popular cuts up as much as 23 per cent over last year.
Drought conditions causing Alberta beef producers to hike prices  Edmonton Sun
Dry summer causing beef prices to soar