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Canadian markets news

Sears Canada to close 59 stores, cut 2900 jobs
Ailing Sears Canada Inc. on Thursday got court protection from its creditors so it can close 59 stores - including 20 large department stores - and let go about 2,900 of its 17,000 employees to continue operating and possibly sell the business.
Full list of 59 Sears Canada stores slated to close  CTV News
Sears Canada closing 59 stores, cutting 2900 jobs in restructuring plan  Montreal Gazette  
At midday: TSX lifted by energy, financial stocks, Home Capital jumps
Canada's main stock index rose modestly on Thursday as the energy and financial sectors advanced, while non-bank lender Home Capital Group jumped after it said it would get a line of credit from Berkshire Hathaway Inc. Shares of Home Capital rose 12.2 ...
Warren Buffett's Berkshire Hathaway to buy into troubled Home Capital Group  Financial Post
Warren Buffet's company invests into troubled Home Capital Group
Canadian retail sales top April forecasts
Canadian consumer spending in April was stronger than expected, which economists say lends weight to the Bank of Canada's recent suggestions that interest rate hikes could be on the way.
Retail sales gained more than expected in April as they climbed 0.8 per cent  News1130
Five things to know about the Fort Hills oilsands mining project  680 News
Last call? LCBO extends store hours as strike looms
Many LCBO stores across Ontario are open early and closing late as a labour strike could get between you and your booze before Canada Day.
LCBO extends hours at some stores as strike looms  Ottawa Citizen
LCBO extends hours ahead of possible strike  CTV News
Subsidies for electric cars expensive and ineffective: report
Provincial subsidies to encourage the use of electric vehicles are the most expensive, least effective way to help cut greenhouse gas emissions, the Montreal Economic Institute says in a new report.
Quebec's $8000 electric vehicle subsidy is a waste: study  Montreal Gazette
Electric vehicle subsidies: expensive and ineffective  Canada NewsWire (press release)
Qatar Airways interested in buying 10 per cent stake in American Airlines
American Airlines Group Inc said on Thursday that Qatar Airways, the Gulf country's state-owned airline, had expressed interest in buying as much as a 10 per cent stake worth at least $808-million in the U.S.
State-owned Qatar Airways seeks 10 pct stake in American  Financial Post
Qatar Airways seeks 10% stake in American Airlines  Financial Times
Tesla moves a step closer to building electric cars in China
Tesla Inc took a step closer toward establishing an electric vehicle manufacturing plant in China with its announcement on Thursday that it is in exploratory talks with the Shanghai municipal government.
Tesla Confirms Work With Shanghai to Explore Production in China  Bloomberg
Tesla exploring China manufacturing plant  BNN
US stock indexes edge higher as oil's dismal week eases
NEW YORK - U.S. stock indexes edged higher in morning trading Thursday after the price of oil stabilized, at least for now. This week has been dominated oil's tumbling price, which dropped on Wednesday to its lowest level since last summer, and how ...
US stocks bounce as biotech shares extend rally  MarketWatch
Stocks hold steady as oil's dismal week eases  Los Angeles Times
SRT service suspended after truck hits bridge at Kennedy Station
Service has been suspended along the entire Scarborough RT after a truck made contact with a bridge at Kennedy Station. The accident happened at around 8:30 a.m.. TTC Spokesperson Stuart Green says the truck was passing underneath a raised portion ...
Service on Scarborough RT resumes after truck hits bridge at Kennedy Station  CP24 Toronto's Breaking News
Scarborough RT train service resumes after delivery truck hits raised ...
AT&T, Verizon, T-Mobile To Get Trump's Ear On 5G Technologies
AT&T (T), Verizon Communications (VZ) and other wireless phone companies are set to discuss 5G and other technologies with President Donald Trump and top administration officials Thursday morning, with radio spectrum usage a key policy issue.
Verizon Communications Inc. (VZ) Shares Bought by Professional Advisory ...  Sports Perspectives
Telemus Capital LLC Reduces Stake in Verizon Communications Inc. (VZ)  Markets Daily