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Canadian markets news

Stock markets continue to recover from big declines, loonie up sharply
TORONTO - Stock markets continued to recover Thursday from the big declines felt around the world early this week. The Toronto S&P/TSX composite index was up 329.55 points at 13,711.14 about 90 minutes after the open.
TSX soars 330+ points, oil prices rebound to $41.20 US a barrel  Edmonton Journal (blog)
WestJet moves closer to Europe with delivery of first wide-body Boeing 767-300 ...
WestJet has taken delivery of the first of four Boeing 767-300 extended range aircraft it has ordered to begin flights to Europe and elsewhere starting next month.
Calgary-based airline WestJet welcomes Boeing 767-300 into fleet  Calgary Sun
Airline price wars: A look at WestJet's rivals as it taps new markets
Big Six banks defy pessimists amid glut of economic uncertainty
Canadian Imperial Bank of Commerce and Toronto-Dominion Bank added to a string of strong financial reports this week from Canada's big banks, which have largely defied expectations that ugly economic indicators would begin to take a toll on the sector.
Canadian Banks Beat Profit Forecasts  Wall Street Journal
TD, CIBC quarterly profits top expectations  Toronto Sun
Fill up now, low gas prices not expected to last
Gas prices have taken a big nosedive in recent days and will drop even further Friday. But drivers are advised to enjoy it now, because petroleum analysts say it likely won't last long.
Montreal Gas Price To Possibly Cost Only 93� Per Litre This Weekend  MTL Blog (blog)
GDP Numbers Reveal Underlying Momentum, Possible Headwinds for US Economy
The U.S. economy has offered varied evidence of its underlying strength during a week of wild swings in global stock prices and wide anxiety over signs of a slowdown in China.
China's economy may be in worse shape than people think  MarketWatch
US economic growth revision to 3.7% boosts markets  BBC News
Oil soars over 10 percent, biggest gain in six years as shorts scramble
NEW YORK (Reuters) - Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders.
Loonie gains more than half a cent thanks to oil  The Globe and Mail (subscription)
Oil prices rise more than 4.5 percent as equities rally  Daily Times
UPDATE 2-Marchionne ready to take over as Ferrari CEO before flotation-sources
(Adds source, background). By Stefano Rebaudo. MILAN Aug 27 (Reuters) - Fiat Chrysler chief Sergio Marchionne is preparing to take over as chief executive at Ferrari ahead of the Italian luxury sportscar maker's planned stock market flotation later ...
Rob Cox: Double-duty CEOs are a worrisome trend  Reuters Blogs (blog)
Marchionne ready to take over as Ferrari CEO before IPO: sources  The Globe and Mail
UPDATE 1-McDonald's, Tyson Foods drop farm after videotape shows animal cruelty
(Adds details of videotape, comment from activists). By Jonathan Tolliver and Dan Whitcomb. LOS ANGELES Aug 27 (Reuters) - McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, ...
McDonald's, Tyson Foods drop farm after videotape shows animal cruelty  Reuters Canada
McDonald's, Tyson Sever Ties to Poultry Farm Over Alleged Animal Abuse  Wall Street Journal
Dr Reddy's North America head quits
Dr Reddy's Laboratories North America head Umang Vohra has quit the company. Vohra was previously the company's chief financial officer (CFO) in India.
Change of guard  The Hindu
Dr Reddy's announces senior level changes  Business Standard
For OPEC, This Year's Painful Oil Slump Will Bring Gains in 2016
While OPEC's fight to snatch market share from rival oil producers might look like a costly failure as prices languish below $50 a barrel, an entirely different picture could emerge next year.
Venezuela pushing OPEC members for emergency meeting with Russia - WSJ  Reuters
Venezuela Asks OPEC for Emergency Meeting on Oil Prices  Wall Street Journal