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Canadian markets news

Falling oil sends TSX lower; US markets up
TORONTO -- May began with a whimper for Canada's biggest stock market, which ended trading Monday in negative territory as oil prices headed lower amid concerns over crude production levels.
UPDATED: BCE presents policy test to federal government with MTS deal  Cartt.ca (subscription)
TSX falls as lower oil weighs on energy; telecoms rally  Reuters Canada
Financial Post  
Scotiabank to take $275M restructuring charge in second quarter
Scotiabank warned Monday it is taking a $275 million after-tax restructuring charge in its second quarter. The bank said it taking the charge as "part of its strategic efforts to enhance customer experience, drive a digital transformation and improve ...
NowNS: We need more business success stories  TheChronicleHerald.ca
Bank of Nova Scotia takes $375-million pre-tax restructuring charge as it ...  Financial Post
A lot more than oil driving the Canadian dollar
The belief that the Canadian dollar is driven by oil prices is useful but it's what Nobel laureate Daniel Kahneman called a “heuristic” - a form of financial shorthand that oversimplifies the full picture to save intellectual effort.
CANADA FX DEBT-C$ strengthens against broadly weaker greenback  Reuters
C$ strengthens against broadly weaker greenback  Business Recorder (press release) (registration) (blog)
BC to cut film, TV tax credit after consulting with industry
The British Columbia government is cutting film and TV tax breaks amid an industry boom that drove the cost of the tax credits to nearly half a billion dollars in the last fiscal year - a decision that prompted some within the industry to worry U.S ...
BC lowers tax credit available to film industry  CBC.ca
Film industry backs cuts to production tax credits  CKNW News Talk 980
Door-to-door sales ban on certain items sought
It's time to close the door on salespeople who use high-pressure tactics on the front porch, says a Toronto woman whose mother was targeted by a home heating company.
Ontario bill would ban doorstep sales of furnaces, air conditioners, water ...  CTV News
Bill to ban some door-to-door sales tabled at Queen's Park  CBC.ca
As Pattullo Bridge partially closes for repairs, drivers fan out to other ...
Lane closures on the Pattullo Bridge for the first day of major deck repairs Monday sent thousands of drivers to seek alternate routes, including the already congested Alex Fraser Bridge.
Pattullo Bridge closures kick in  Surrey Leader
Many Pattullo Bridge drivers surprised by backup due to lane closures  News1130
Vancouver wants your thoughts on empty home solutions
VANCOUVER (NEWS 1130) - Here is your chance to tell the City of Vancouver what you think should be done about a tallied 10,800 homes that have been sitting empty for more than a year.
City of Vancouver seeks public opinion on empty homes  Vancouver Sun
Vancouver asks you what to do about empty homes  MetroNews Canada
Ritchie Bros. industrial auction sets another record as Alberta's economy ...
THE CANADIAN PRESS/Codie McLachlanRitchie Bros.' five-day industrial auction ended Saturday after the company's auctioneers sold $240 million of industrial equipment.
9 Signs That Alberta Is Really, Truly F***ed Right Now  Huffington Post Canada
Edmonton-area equipment auction sets record for Ritchie Bros.  Edmonton Journal
Broadway Avenue construction begins in Saskatoon
Construction crews moved into Broadway Avenue on Monday, marking the beginning of a five-month construction project. Over the course of the summer, city crews will start upgrading 100-year-old water mains and begin paving the roads along Broadway ...
Saskatoon businesses on Broadway pledge to stay open during road work  Globalnews.ca
Food truck owners seek rules revamp  Saskatoon StarPhoenix
Calgary Real Estate Board says expectation 'gap' persists between buyers and ...
April marked another month of "market imbalance" for home sales, according to the Calgary Real Estate Board, with more houses listed but fewer actually selling.
Gap exists between home buyers and sellers expectations: CREB  MetroNews Canada
Calgary home sales drop 10 per cent in April  Calgary Herald