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Canadian markets news

Canada's trade deficit jumps to record $3.4B in March as exports plunge
The country's trade deficit grew to a record $3.4 billion in March as exports plunged by a lot more than imports did, Statistics Canada said.
Canada's trade deficit widens to record as exports slump  The Globe and Mail
Canada Posts Record Trade Deficit in March, Denting Recovery  Bloomberg
Wall Street Journal  
Big-city suburbs' real estate prices soar as inventory lags
After six months of searching and 18 failed offers, Kate Stoodley and her husband Neil have finally purchased their first home. "Roller-coaster of emotion is what it was," she told CBC News.
Average price of a GTA home up more than $100000 in a year  Toronto Star
Almost $1.3-million: Home prices surge in Toronto as listings dry up  The Globe and Mail
Earls 'made a mistake' and returns to Alberta beef
Earls, a Vancouver-based eatery, says it has listened to concerns over a controversial decision it made last week and will bring Alberta beef back into its restaurants.
Earls backtracking on move away from Canadian beef  Calgary Herald
Alberta; Earls is listening  Canada NewsWire (press release)
Essex to install 4 electric vehicle charging stations
Four electric vehicle charging stations will be installed in the Town of Essex this summer. A $252,820 grant awarded through the Electric Vehicle Chargers Ontario Program will help pay for the cost of the installation.
Fast-charging corridor for electric cars to go up between Quebec and Ottawa ...
Condo owners hungry for electric vehicles  News1130
Why Oil Prices Will Likely Drop Below $40 Soon
The 70 percent rise in crude oil prices from the lows of $27.1 per barrel to a high of above $46/b in a matter of three months is being driven by speculative activity—make no mistake about it.
Was the Rally in Energy Stocks Too Much Too Soon?  Wall Street Journal (blog)
Oil is below $44 before U.S. stockpile report  Salt Lake Tribune
WestJet profit falls 38% as Alberta slowdown continues
Canada's second-largest airline saw a sharp drop in its second-quarter profit, but still managed a better performance than analysts who cover the company were expecting.
Is WestJet Airlines Ltd. a Buy After its 5% Earnings-Induced Decline?  The Motley Fool Canada
Weak Alberta economy saps WestJet profit  Toronto Star
Shopify results top expectations; raises revenue forecast
Canada's Shopify Inc , a maker of software that helps retailers set up and manage online stores, posted better-than-expected results and raised its full-year revenue forecast.
Sales soar at Shopify, Ottawa e-commerce firm hikes revenue forecast for 2016  Ottawa Citizen
Shopify reports first-quarter loss but tops expectations  Montreal Gazette
ADP Shows Private-Sector Hiring Cooled to 156000 in April
Hiring by the private sector cooled in April, a sign that concerns over the global economy may have impacted payroll growth at many American businesses.
U.S. Added 14100 Franchise Jobs in April, According to ADP National ...  Digital Journal
US private sector job growth slows in April  The Globe and Mail
Uber says new Quebec legislation could shut down ride-hailing service
Uber says it will shut down in Quebec if reports of proposed legislation are true. "We hope the Quebec government will take the time to consider more progressive alternatives so that it doesn't fall behind," Jean-Nicolas Guillemette, general manager of ...
/REPEAT -- Statement from Jean-Nicolas Guillemette on Toronto regulations/  Montreal Gazette
OPP probing allegations Ontario Liberals destroyed power project documents
Ontario's Liberal government faces another criminal investigation into allegations it destroyed documents related to the cancellation of a power project.
Gone with the wind? OPP probe wind-farm records  The Sudbury Star