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Canadian markets news

BoC projects contraction as Canada's economy feels effects of wildfires
The Bank of Canada says the Canadian economy is headed for its third quarterly contraction since the start of 2015, knocked off its stride by destructive Alberta wildfires and weak business investment.
Alberta wildfires and will push GDP into red this quarter, central bank says  CBC.ca
Bank of Canada says wildfires will hurt economy as it holds key interest rate  Toronto Star
Macleans.ca  
At midday: TSX hits seven-month high as BMO, energy shares gain
Canada's main stock index rose to a seven-month high on Wednesday, helped by strength in shares of Bank of Montreal after the lender reported quarterly results and gains in the energy sector following a jump in the oil price.
BMO hikes payout as oilpatch credit damage comes in less than expected  Financial Post
Bank of Montreal to cut 4% of workforce, memo says  bnn.ca
HP Inc's revenue falls about 11 percent on weak PC, printer sales
(Reuters) - HP Inc HPQ.N, which houses the former Hewlett-Packard Co's legacy hardware business, reported an about 11 percent drop in quarterly revenue as it struggles with weak demand for personal computers and printers.
HP Inc. Reports Second Quarter Fiscal 2016 Results  Digital Journal
HP Inc. Forecasts Profit That May Miss Estimates Amid Cuts  Bloomberg
The close: TSX rises to 7-month high as banks, energy shares climb
Canadian stocks rose on Wednesday to the highest level since October, as Bank of Montreal's results added to a rally among lenders and higher crude prices bolstered the nation's energy producers.
TSX closes above 14000 for first time since August on rising oil and bank stocks  Financial Post
TSX closes above 14000 for first time since August  CTV News
Canadian defence industry defends Saudi arms deal
OTTAWA - The association representing Canada's defence industry is defending the controversial $15-billion sale of light armoured vehicles to Saudi Arabia by an Ontario company.
New Report Highlights Critical Economic Impact of Canada's Defence Industry  Montreal Gazette
Controversial Saudi Arms Deal Gets Support From Association Representing ...  Am980 London News
CRTC pushes cable providers, public to tell all about new $25 basic TV packs
The CRTC is making cable providers publicly explain their $25 basic TV packages. The broadcast regulator and a consumer group have received hundreds of complaints about the CRTC-mandated TV plans.
CRTC launches public hearing to evaluate so-called skinny cable TV  Vancouver Sun
CRTC summons top TV providers for review of pick-and-pay rollout  The Globe and Mail (subscription)
Loblaws brings 'Click and Collect' grocery option to Winnipeg
Loblaws has introduced its Click and Collect grocery pickup service at two Winnipeg locations. The service lets customers select their groceries online and then pick up the full order at a specific time and location for a fee between $3 and $5 ...
Two Superstore locations now offering Click & Collect services  CTV News
Superstore launches e-grocery pickup service in Winnipeg  Globalnews.ca
Auditor General says SAQ does poor job of dealing for lower prices
Quebec's Auditor General says the SAQ has some explaining to do about how it negotiates prices with alcohol producers. Guylaine Leclerc tabled her nine-chapter report with the National Assembly on Wednesday, with specific chapters devoted to IT ...
SAQ could get better deals, auditor general's report says  CBC.ca
Auditor general slams Quebec's liquor board over cost control  Montreal Gazette
Quebec food court champion MTY Foods takes a bite out of U.S. market with $390 ...
Cold StoneMTY Foods will pay about US$300 million to acquire Kahala Brands Ltd. and 18 brands such as Cold Stone Creamery, America's Taco Shop and Kahala Coffee Traders.
MTY Foods set to double in size with acquisition of Kahala Brand  Ottawa Citizen
Stanley Ma's MTY to buy US-based Kahala Brands in $300-million deal  The Globe and Mail (subscription)
Alberta Carbon Tax Could Cost Families More Than Estimated: Opposition
EDMONTON - Alberta has put forward legislation to implement its multibillion-dollar carbon levy, with new estimates hiking the cost to families to as much as $443 next year.
Graham Thomson: Alberta introduces climate tax bill, but still has to win ...  National Post
Brace for it: Alberta is about to endure weeks of vicious climate-change ...  rabble.ca (blog)