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Canadian markets news

Federal Reserve Eyes End of Bond Buying, Spooking Markets
In introductory remarks, Federal Reserve Chariman Ben Bernanke said the Fed is reviewing its exit-strategy principles set out in June 2011.
US Fed's new view on economy roils stock, bond markets  Globe and Mail
US Fed keeps buying bonds at $85B monthly pace  Toronto Sun
Washington Post   Related articles »  
Poloz urges Canadians hang tight as exports, business confidence rise
Making his first public speech since taking over as Governor from Mark Carney in early June, Mr. Poloz appealed Wednesday for Canadians to hang tight as an export-led recovery and rising business confidence gradually take root.
Poloz Urges Patience for Canada Rebound in Inaugural Speech (2)  Businessweek
Bank of Canada governor says economic confidence will grow  Toronto Star
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Imperial Oil to shutter Nova Scotia refinery
Imperial Oil Ltd. will close its 95-year-old Dartmouth, N.S., oil refinery and eliminate most of the 400 high-paying jobs it provides in the Halifax area - victims of too much refining capacity in the Atlantic basin and the high cost of imported crude.
TAYLOR: Imperial Oil refinery bidding comes up empty  TheChronicleHerald.ca
Jobs go west as Imperial Oil converts Nova Scotia refinery to terminal operation  CTV News
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UPDATE 2-Vimpelcom unit drops bid to control Canada's Wind Mobile
Wed Jun 19, 2013 7:38pm EDT. By Alastair Sharp. TORONTO, June 19 (Reuters) - A subsidiary of European telecoms company Vimpelcom Ltd has withdrawn its bid to take control of Canada's Wind Mobile from its founder and chief executive, Anthony ...
Orascom withdraws bid for control of Wind Mobile  CBC.ca
Wind Mobile backer withdraws application for control  Toronto Star
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Alberta's Redford takes pipeline pitch to Manhattan
Alberta Premier Alison Redford delivered an ardent pitch for expanded development of her province's oil sands, calling it critical to the long-term growth and security of the United States and Canada.
Alberta Premier Redford stresses same values with US over Keystone XL pipeline  Calgary Herald
Taxpayers group calls on MPs for action after Redford remains quiet  iNews880.com
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World's wealthy richer than ever
The investable wealth of the world's richest people reached a record high of $46.2 trillion US in 2012, a report by RBC Wealth Management and the consulting firm Capgemini has found.
101000 Singapore millionaires in 2012; ranks of wealthy swell 10%  Straits Times
Millionaires in North America Regain Top Spot From Asia  Bloomberg
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Alberta economy to be a Canadian leader over the next two years
CALGARY - Alberta's economy is positioned to grow at the top-end of Canada's provincial economic growth rankings in 2013 and lead the country in 2014, says a new report released Wednesday by RBC Economics.
Alberta economy continues to churn along  HQ Grande Prairie
RBC takes more optimistic view of Canadian economy, raises growth forecast  Victoria Times Colonist
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Bombardier dismisses CSeries sales fears
PARIS - If and when Bombardier Inc.'s CSeries takes to the skies for the first time in Mirabel next week, it will be powered by about 40,000 roaring pounds of thrust.
Bombardier, Chinese plane maker extend sharing pact  Globe and Mail
Bombardier CSeries 'very close' to making maiden flight, Guy Hachey says  Vancouver Sun
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US Company Credit Swaps Rise Most in Year After Fed Statement
A gauge of U.S. corporate credit risk rose the most in more than a year after the Federal Reserve concluded a two-day policy meeting, spurring speculation the central bank will reduce stimulus that's bolstered the market.
The close: Stocks skid as Bernanke signals bond tapering may be nearing  Globe and Mail
TSX slumps as Fed mulls stimulus exit  Reuters Canada
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Bank of Canada will raise overnight interest rate in July 2014: BMO economist ...
TORONTO - The Bank of Canada is likely to start raising its benchmark interest rate in July 2014, a full year before the U.S. Federal Reserve, BMO's chief economist Douglas Porter said Wednesday.
Growth in the United States, more stable Eurpean economy will help  Victoria Times Colonist
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