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Canadian markets news

Teck to put Canadian coal mines on summer hiatus amid slumping prices and ...
In Sparwood, a community in the epicentre of British Columbia's coal-mining industry, news Thursday that Teck Resources Ltd. will suspend operations at its western Canadian facilities for three weeks over the summer to reduce production was better than the ...
Teck closing its 6 coal mines in BC and Alberta for 3 weeks  CBC.ca
WSJ: Teck's cuts are not enough to fire up coal prices  Seeking Alpha
Wall Street Journal  
UPDATE 3-RBC profit tops expectations on domestic banking, capital markets
(Adds comment from CFO, updates shares). By John Tilak. TORONTO May 28 (Reuters) - Royal Bank of Canada, the country's top lender, posted a stronger-than-expected quarterly profit on Thursday, helped by growth in its domestic banking and capital ...
Hot capital markets boost second-quarter results for Canada's big banks  Hamilton Spectator
Strong bank earnings hold hope for stable economy  The Globe and Mail (subscription)
Dorel hopes to cycle its way to growth by raising bike prices, adding new lines
MONTREAL - Bicycling enthusiasts around the world are facing higher prices as manufacturers adjust to a stronger U.S. dollar and introduce new lines of more expensive rides this summer, bike maker Dorel Industries said Thursday.
Dorel Industries Announces Results of Annual Meeting  MarketWatch
Rexall lands former Shoppers CEO Schreiber for top job
A former leader of Shoppers Drug Mart Corp. is taking over the top job at arch rival Rexall, the country's second-largest specialty drugstore chain after Shoppers, at a time of intensifying competition in the sector.
Rexall taps former Shoppers chief J�rgen Schreiber as new CEO  Calgary Herald
Former Shopper CEO to head Rexall Health, including Canadian pharmacies  Lethbridge Herald
Pattullo Bridge to close every night during 18-month refit
Motorists will be left with few options after TransLink announced Thursday it would be closing the Pattullo Bridge at night for 18 months to undertake $100 million in major repairs starting next summer.
Brace for Pattullo woes  Castanet.net
Pattullo Bridge work to begin in mid-2016  CKNW News Talk 980
Recession unavoidable for Alberta this year, Conference Board of Canada says
Continuing low oil prices mean the Alberta economy likely will shrink this year, says the Conference Board of Canada. next play/pause pre 1/1.
Ontario's prospects remain bright: Conference Board  Toronto Star
Recession to unfold in Alberta, NL, while BC powers ahead, economist predicts  CBC.ca
Number of wildfires in Alberta down, situation helped by cooler weather
An official update from the Alberta government Thursday showed while wildfires continue to burn across the province, the situation is improving - partially with the help of cooler temperatures.
42 wildfires burning across the province; help arriving from across Canada  Edmonton Journal
Cooler temperatures and rain not enough to lift Alberta wide fire ban  Edmonton Sun
2nd phase of Winnipeg's bus rapid transit plans get mixed reviews
An open house on the latest design for the second phase of Winnipeg's bus rapid transit attracted dozens of people Thursday evening.
New station could serve Investors Group Field by 2017 while Transitway is ...  The Carillon
Rapid agreement  Winnipeg Sun
Community mailboxes coming to London, but are location changes still possible?
The battle over the placement of community mailboxes continues, even as Canada Post plans to start installation in London in June.
Day 2 of mailbox case: City grilled on Canada Post bylaw  CBC.ca
When will the 'super mailbox' conversion take place in Brandon?  Westman Journal
Unionization rates falling
Few groups have felt the impact of the changing nature of the labour market as the union movement. This month's Canadian Megatrends looks at the journey of unions from the industrial base of the late 19th century to the white collar workplaces of today.
Canada Faces Export Dilemma  Wall Street Journal (blog)
Unionization rate more stable for Canadian women than men  News1130