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Canadian markets news

Egypt tycoon to buy MTS fiber network in new Canada push
By Alastair Sharp and Euan Rocha. TORONTO (Reuters) - Manitoba Telecom Services Inc (MBT.TO: Quote) will sell its Allstream fiber optic network to a company controlled by telecom tycoon Naguib Sawiris for C$520 million ($502.8 million), a deal that ...
Canada Stocks Fall as Oil Slips; National Bank Climbs  Bloomberg
Manitoba Tel agrees to sell Allstream division to Egyptian billionaire  Globe and Mail
Montreal Gazette   Related articles »  
Canada threatens retaliation over US meat-labelling rules
The federal government is threatening "retaliatory measures" against the United States in a dispute over meat-labelling rules that Ottawa and the World Trade Organization consider discriminatory.
US meat labels to detail animal's origin; Canada, Mexico raise concern  Washington Post
Ottawa weighs retaliation over new US meat label rules  Globe and Mail
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Chile blocks Pascua-Lama mine, fines Barrick for environmental violations
Chile's environmental regulator has stopped construction and imposed sanctions on Barrick Gold Corp.'s $8.5-billion Pascua-Lama project, citing �serious violations� of its environmental permit.
Chile Halts Construction Work at Barrick Gold Project  Wall Street Journal
Barrick Fined $16m for Pascua-Lama Violations  ABC News
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US drought drives Alberta farm cash receipts to record level
CALGARY - Farm cash receipts are set to smash new records this year, says a senior Alberta economist. According to the latest figures from Statistics Canada, farm cash receipts in Alberta hit $3.85 billion in the first quarter of this year - a new all-time ...
Manitoba farms' Q1 tops  Winnipeg Free Press
Canadian Farm Cash Receipts Up  BlackburnNews.com
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Are we getting enough vacation? Canada ranks near bottom of list
A new study puts Canada near the bottom of the list of developed countries when it comes to laws governing vacation and holiday time.
When it Comes to Vacation Time, Canadians May Envy Europeans  Wall Street Journal
Canada ranks 3rd last in paid vacations  CBC.ca
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TSX dips as Fed stimulus worry offsets rise in banks
By John Tilak. TORONTO (Reuters) - Canada's main stock index fell modestly on Friday as fears that the U.S. Federal Reserve will turn off the tap on its stimulus program offset a rise in National Bank of Canada (NA.
Stimulus fears haunt share markets, dollar recovers  Reuters
Investors weigh how much farther equity bull run has to go  Financial Times
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National Bank of Canada Profit Falls
TORONTO�National Bank of Canada, the sixth-largest bank in Canada, raised its quarterly dividend Friday after reporting a 22% decline in second-quarter earnings reflecting last year's sale of its asset management unit.
National Bank Posts Record Adjusted Profit  Bloomberg
TD Bank profit rises despite sluggish housing growth  Toronto Sun
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Loonie lower despite positive durable goods data
The Canadian dollar was down a quarter of a cent Friday under pressure from a strong U.S. dollar and lower prices for many of the commodities that Canada produces.
Canadian Dollar Falls on Concern Risk Assets Outpaced Economy  Businessweek
Loonie falls as investors turn sour on Canada  Financial Post
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RBC Says Housing Less Affordable in Vancouver, Toronto
Vancouver remains the least affordable city to buy a house in Canada while home ownership in Toronto is becoming more difficult, Royal Bank of Canada Economics Research said.
Low rates help keep home affordability stable: report  Globe and Mail
Manitoba housing affordability deteriorates  Winnipeg Free Press
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City manager asks council to add $30M to pothole budget
The city is looking into a long-term strategy to deal with the thousands of potholes dotting Edmonton roads. Transportation manager Bob Boutilier said more money is needed to do roadway maintenance and rehabilitation.
City recommending multi-million investment to rehabilitate Edmonton roads  CTV News
City confirms multi million dollar road plan  iNews880.com
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