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Canadian markets news

Rebounding oil price powers TSX
The Toronto Stock Exchange rose for a second day, pushed higher by strength in the energy sector and a rising price for oil. The S&P/TSX composite index rose 224.44 points to close at 14,301.80.
Top Canada stocks' secret ingredient amid commodity lashing  Chicago Tribune
TSX jumps as investors cheer oil data; Fed in spotlight  Business Recorder (press release) (blog)
Lethbridge Herald  
Home Capital Group Inc says it cut ties with 45 mortgage brokers after ...
Tyler Anderson/National PostHome Capital Group CEO Gerald Soloway. Home Capital has been the target of a number of U.S. short sellers recently as questions linger around a sharp drop in new mortgages and its split with a number of brokers.
Home Capital says it cut ties with 45 mortgage brokers after discovery of ...  Montreal Gazette
Home Capital cut ties with dozens of mortgage brokers over falsified documents  The Globe and Mail (subscription)
US Federal Reserve postpones interest rate rise
The US Federal Reserve signalled it remained on course to lift interest rates this year, but left its options open on when to pull the trigger as it awaits further evidence on the strength of the economic recovery.
Morning MoneyBeat Asia: US Stocks Rise as Traders Discount September Hike  Wall Street Journal (blog)
US STOCKS SNAPSHOT-Wall St closes higher after Fed leaves rates unchanged  Reuters
The awe-inspiring scale of Facebook
You might like Facebook, you might find it an incredibly soul-destroying place. What's unarguable is that Mark Zuckerberg's social network is an absolutely enormous beast, and an increasingly important force in global business.
One in every five minutes on a mobile phone is spent on Facebook  Telegraph.co.uk
Facebook grows profit on new apps, ads  CBC.ca
Siemens, Bombardier Held Talks Over Train Merger
German industrial conglomerate Siemens AG SIEGY 0.01 % has held talks to combine its rail unit with Canada-based Bombardier Inc. BDRBF 5.93 % 's train business, people familiar with the matter said.
Train-making in Derby in doubt as Siemens talks to Bombardier  The Times (subscription)
Bombardier denies report of rail merger with Siemens  CBC.ca
US sets new final rule on oil, ethanol trains
WASHINGTON, July 29 The Obama administration on Wednesday released a new final rule aimed at preventing explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Megantic, Quebec.
Canada, US finalize new rail safety rules to avoid future derailments  The Globe and Mail (subscription)
Transport Canada approves rules to secure trains in response to Lac-M�gantic  CBC.ca
Stephen McNeil vows to fight tariff on Port Hawkesbury Paper
Nova Scotia Premier Stephen McNeil says the province will fight this week's ruling by the United States Department of Commerce that found Port Hawkesbury Paper's exports to the U.S.
NS mill says it plans to fight US decision on paper subsidies  CTV News
Tariff can be placed on some paper from Canada  Washington Times
Where to travel with the falling Canadian dollar
Where should Canadian travellers concerned about the declining dollar go? Trips to their favourite destination, the U.S., will cost about 10 per cent more than at the beginning of the year, since the Canadian dollar fell from about 86 cents U.S.
CANADA FX DEBT-C$ dips on lack of clarity on Fed rate move  Reuters
Cross-border shopping and travelling halted due to low loonie  Vancity Buzz
Mount Polley tailings pond cleanup completes first phase
The first phase of the cleanup operation triggered by the Mount Polley tailings pond collapse has been completed. On Aug. 4, 2014, the massive dam storing tailings from the gold and copper mine gave way, spilling 24 million cubic metres of mine waste ...
Mount Polley ready for restart  BCLocalNews
Phase 1 cleanup done at site of BC's Mount Polley mine disaster: ministry  Vancouver Sun
NDP government won't help cover cost of September snowstorm
The NDP government has refused to help the City of Calgary cover the cost of millions of dollars in damages after a freak snowstorm last September that affected thousands of homeowners and businesses.
Nenshi blasts NDP government for rejecting 'Snowtember' disaster ...  Calgary Herald
Nenshi blasts Alberta NDP for 'unbelievable' Snowtember funding denial  Globalnews.ca