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Canadian markets news

US says Fiat Chrysler used software to beat emissions tests
DETROIT -- The U.S. government is suing Fiat Chrysler, alleging that some of its diesel pickup trucks and Jeep SUVs cheat on emissions tests.
U.S. prepares to sue Fiat Chrysler over excess diesel emissions  Automotive News (subscription) (blog)
The close: TSX rises as bank shares climb ahead of earnings, BlackBerry jumps
Canada's main stock index rose on Tuesday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares, as trading resumed a day after the Victoria Day holiday.
TSX climbs on banks, industrials; BlackBerry soars  CTV News
TSX closes 18 points higher; Canadian dollar up  Times Colonist
A 10% hike to mortgage payments would sink almost 3 quarters of homeowners ...
Almost three quarters of Canadian homeowners would have difficulty paying their mortgage every month if their payments increased by as little as 10 per cent, a new survey from Manulife Bank suggests.
More than half of Canadians say they aren't financially prepared if ...  Financial Post
The debt truth: Unexpected expenses could spell big trouble for Millennial ...  Canada NewsWire (press release)
New Alberta bill enables consumer price cap on power bills
The Alberta government introduced a bill Tuesday that will allow it to place a cap on regulated electricity rates for the next four years.
Alberta government introduces bill to cap electricity rates to stop price spikes  CTV News
Uber owes at least $60m to New York drivers
In this case, Uber was taking its cut of fares based on the pretax sum, instead of after taxes and fees as stated in its terms of service.
Uber underpaid NYC drivers by millions for nearly three years  The Verge
Granville Island redevelopment vision includes bridge elevator, pedestrian ...
An elevator that would drop pedestrians from the middle of the Granville Street Bridge into the heart of Granville Island is one of the ideas contained in the Granville Island 2040: Bridging Past & Future report.
Elevator from Granville Bridge to Granville Island proposed  MetroNews Canada
Granville Island 2040: Bridging Past & Future released to public  satPRnews (press release)
Council holds off on report to combine 2 LRT legs into 1 in southwest Edmonton
City councillors have decided to hold off looking at combining two extensions of the south LRT into one, long enough so they can get more data on financing and planning for southwest Edmonton.
Councillors push for full LRT build out into deep southwest  Edmonton Journal
Edmonton councillor predicts 'nightmare traffic congestion' without ...  CBC.ca
CANADA FX DEBT-C$ eases after touching nearly 1-month high, rates in focus
... * Canadian dollar at C$1.3517, or 73.98 U.S. cents * Loonie touches its strongest since April 24 at C$1.3457 * Longer term bond prices mostly lower across the yield curve By Solarina Ho TORONTO, May 23 (Reuters) - The Canadian dollar eased modestly ...
Can $7.2-billion in short bets against the loonie be wrong? (You bet)  The Globe and Mail
USD/CAD Canadian Dollar Lower After USD Rebound ahead of BoC  MarketPulse (blog)
TTC agrees to have third-party study conducted on subway air quality
The TTC has agreed to conduct a third-party study of the air quality in the city's subway system amid concerns that workers are breathing in potentially harmful levels of metal particulates.
TTC plays it cool with $7.5-million investment into air conditioning upgrades  Toronto Sun
Subway to be cooler this summer, with only the 'odd hot car,' TTC ...  CBC.ca
Opec oil producers poised to extend production cuts
An oil rig near the town of Usinsk, 930 miles north-east of Moscow. Photograph: Dmitry Lovetsky/AP. Oil. Opec oil producers poised to extend production cuts.
Oil Pulls Back After U.S. Proposal to Sell Stocks  Fox Business
OPEC heads towards oil supply cut extension as Saudi signals most on board  The Star Online