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Canadian markets news

Valeant deal sparks share jump, helps TSX ends week higher
By Alastair Sharp. TORONTO (Reuters) - Canada's main stock index reversed earlier losses on Friday after several stocks jumped on takeover moves, helping the TSX shrug off uncertainty over U.S.
Canadian Stocks Rise as Valeant Jump Offsets Slumps in Oil, Gold  Bloomberg
Toronto Stocks Close Higher; Manitoba Telecom, Valeant Rise  Wall Street Journal
Financial Post   Related articles »  
Royal Bank releases supplier code of conduct after outsourcing backlash
TORONTO - The Royal Bank, which faced fierce backlash earlier this year over an outsourcing arrangement with a supplier that used temporary foreign workers, said Friday it won't send work offshore just to save on salaries.
RBC Says Housing Less Affordable in Vancouver, Toronto  Bloomberg
Low rates help keep home affordability stable: report  Globe and Mail
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Loblaw files prospectus for Choice Properties REIT
Loblaw Cos. Ltd. filed a preliminary prospectus Friday aimed at creating one of Canada's largest commercial real estate trusts including some 75 per cent of the company's real estate assets.
Loblaw Said to Seek $387 Million for Canadian Property IPO  Bloomberg
Loblaw files preliminary prospectus for $7-billion REIT  National Post
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Kinder Morgan takes next step in its Trans Mountain oil pipeline expansion plan
EDMONTON - Kinder Morgan Canada has taken the next step in its plan to almost triple the capacity of its Trans Mountain oil pipeline from Alberta to Burnaby, B.C.. The corporation has filed a formal description of the proposed $5.4 billion, 1,150 ...
Kinder Morgan mum on route of Trans Mountain pipeline expansion  Globe and Mail
Kinder Morgan to file Trans Mountain expansion plan with Canadian energy ...  Vancouver Sun
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Manitoba Telecom deal to sell Allstream shifts industry landscape once again
Canada's turbulent telecommunications landscape shifted again Friday when Manitoba Telecom Services Inc. announced a deal to sell Allstream to a billionaire foreign investor, news that delivered many of the dramatic elements industry watchers love to ...
Manitoba Tell sells Allstream to Egyptian billionaire's firm Accelero  Montreal Gazette
Despite the price, Allstream sale is the best possible outcome  Globe and Mail
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US meat packaging regulations un-'COOL,' Manitoba government says
A trade war may be brewing between the Canadian and U.S. governments over meat packaging regulations. The Manitoba government issued a press release saying it supports the possible use of retaliatory measures by the federal government in response ...
Canada threatens retaliation over US meat-labelling rules  CBC.ca
Ottawa weighs retaliation over new US meat label rules  Globe and Mail
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Hulu Said to Get Bid From KKR, Silver Lake
KKR & Co. (KKR) and Silver Lake Management LLC are vying with Yahoo! Inc. (YHOO) to acquire Hulu LLC, escalating a bidding war that has attracted cable and satellite TV, private equity, a talent agency and media mogul Peter Chernin.
Yahoo joins growing list of bidders for Hulu: sources  Reuters
KKR, Yahoo and Silver Lake/WME join list of Hulu suitors  Los Angeles Times
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Study ranks Canada third-worst among affluent nations for paid vacation
With peak vacation season set to kick off, a U.S.-based economic policy think tank has sobering news for Canadians. Among the 21 affluent nations studied by the Center for Economic Policy and Research, Canada ranked third-worst in terms of legally ...
Canada ranks 3rd last in paid vacations  CBC.ca
Are we getting enough vacation? Canada ranks near bottom of list  Globe and Mail
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Man at centre of SNC-Lavalin fraud allegations was key hire by company
MONTREAL - When SNC-Lavalin Group Inc. chief executive Jacques Lamarre met a hot-shot engineer named Sami Bebawi for dinner in mid-1998, he was looking for someone who could help turn around the company's money-losing construction unit after ...
SNC-Lavalin letter says Gadhafi son was offered VP post  CBC.ca
Some of SNC's missing millions found in Montreal real estate, RCMP alleges  Globe and Mail
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Barrick hit with $16-million fine over Pascua-Lama gold mine
Barrick Gold Corp. won't contest a $16.4-million (U.S.) fine levied by Chile's environment agency over water protection measures near its Pascua-Lama mine.
Chile Fines Barrick Gold Over Big Mine Project  Wall Street Journal
Chile blocks Pascua-Lama mine, fines Barrick for environmental violations  Globe and Mail
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