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Canadian markets news

Data shows Indian growth outstrips China's but economists doubtful
NEW DELHI India's economy grew faster than China's in the quarter through March, data showed on Friday, but a sharp downward revision for the previous quarter fuelled doubts about the accuracy of a new method used to measure economic activity.
Govt spurring India's potential for double digit growth: Jaitley  Hindustan Times
All factors, barring uncertain monsoon, remains valid for our projection of ...  Business Standard
Alberta Fires Threaten Oil Sands Road to Fort McMurray
An Alberta wildfire threatened a major road that connects Fort McMurray, the oil sands region's biggest city, to the rest of the province after winds shifted direction, an official said.
Embrace Albertastan? Or should we wait and see?  Medicine Hat News
Wildfire intensifies near two Alberta oil-sands sites  Reuters
CMHC: Is condo living right for you?
... - Christina Haddad is the Regional Vice-President, Ontario at Canada Mortgage and Housing Corporation. For inquiries call 416-218-3362 or e-mail obc_communications_and_marketing@cmhc.
City housing market fears laid to rest  Calgary Sun
Calgary area housing starts drop off, but compare to historical levels  Calgary Herald
Scotiabank turns ship around
Shares in Bank of Nova Scotia climbed on Thursday after the bank reported higher-than-expected second-quarter earnings that showed signs of improved credit quality.
Bank of Nova Scotia delivers relief for investors as profit beats, loan book ...  Financial Post
Scotiabank CEO Draws Line in the Sand on Acquisitions  Bloomberg
CANADA STOCKS-Pessimism reigns as economic gloom weighs on TSX
(Adds strategist comment; updates prices to close). * TSX ends down 92.91 points, or 0.62 percent, at 15,014.09. * Eight of 10 main sectors in the red.
North American markets pull back sharply on disappointing GDP reports  Financial Post
Canadian stock market slides over downbeat GDP data  Shanghai Daily (subscription)
Canada Stocks Extend Monthly Loss as GDP Shrinks Most Since 2009
Canadian stocks fell, extending a monthly loss, as data showed the biggest contraction in the nation's economy since 2009. Health-care stocks fell amid a 1.3 percent slide for Valeant Pharmaceuticals International Inc. Canadian Pacific Railway Ltd.
Profit beats for Canada's banks mask challenges ahead  Financial Post
Strong bank earnings hold hope for stable economy  The Globe and Mail (subscription)
Provincial fireban lifted in Alberta, but officials say outlook still severe
EDMONTON - Alberta government officials have lifted a provincewide fire ban due to improved conditions and the efforts of firefighters.
Province-wide fire ban lifted  CTV News
Crews continue to battle blazes as Alberta fire ban lifted  Edmonton Sun
Buffalo Pound Lake to be 'flushed'
The provincial government has agreed to step in to help Buffalo Pound Lake by "flushing" the body of water in hopes that will alleviate Regina's water woes.
City of Regina continues to urge water conservation
Buffalo Pound Lake being flushed to help with water issue  650 CKOM News Talk Radio
Raise a glass: Chilliwack water named best in BC
A Fraser Valley city has won top honours for the taste of its drinking water. Chilliwack, B.C., won the second-annual Tap Water Taste Test, held Wednesday.
Chilliwack's drinking water named Best in B.C.  Chilliwack Progress
Nelson loses out to Chillwack at 'Best of the Best' Tap Water Taste ...  The Nelson Daily
Funding deal brings peace in BC northeast
VICTORIA - Premier Christy Clark signed a watered-down funding agreement with the province's Peace River area municipalities Friday, slowing the growth of shared oil and gas revenues to local municipalities.
BC renews billion-dollar Peace River resource sharing deal  CTV News
$1.1 Billion Coming to Peace Region Thanks to Fair Share  CJDC