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Canadian markets news

One in 10 home sales in Vancouver region went to foreign buyers
One in every 10 home sales in the Vancouver region over the span of a month went to foreign buyers, who poured nearly $900-million into the housing market, according to B.C.
New data shows higher percentage of foreign home buyers in BC  CTV News
Foreign buyers account for 10% of Metro Vancouver real estate transactions ...  CBC.ca
MoneySense  
OSFI tells some banks to test for sharp drops in Vancouver, Toronto housing ...
Some of Canada's banks must stress test their ability to withstand a 50 per cent drop in housing prices in Metro Vancouver area and a 40 per cent drop in the Greater Toronto Area, the country's banking regulator says.
Regulator requires banks to conduct stress tests for Vancouver, Toronto home ...  CTV News
Canada's financial watchdog tells some banks to test resilience to sharp ...  Financial Post
Boost in funding to Alberta training grant allows employers to invest in workers
Labour Minister Christina Gray visited the VETS Group sheet metal shop in Edmonton Tuesday to promote the Canada-Alberta Job Grant, a cost-sharing program to encourage employers to invest in training courses for employees.
Alberta says more than $20M committed for training under jobs plan  CTV News
Canada-Alberta job grant a success: Labour minister  CKNW News Talk 980
WestJet profits hit by energy downturn in Alberta, Saskatchewan
Canada's second-largest airline saw its profit take a hit in the second quarter as it continued to feel the pinch from the energy downturn and had a rocky start to its new U.K.
WestJet admits 'teething pains' on London Gatwick route  Toronto Star
WestJet Profits Take A Nosedive On London Flights, Energy Downturn  Huffington Post Canada
Two banks to hand over offshore files after Ottawa wins orders
Two banks have agreed to give the federal revenue minister information from the accounts of a Caribbean financial institution to help the government crack down on Canadian tax evaders.
Banks to hand over Canadian offshore files after minister wins court orders  CTV News
Update on Canadian Imperial Bank of Commerce (NYSE:CM) for the day  Twin County News
The close: TSX's gold miners, banks help index rise
Canada's main stock index rose on Tuesday, helped by gains for gold miners, other materials stocks, and banks, as bullion prices rose ahead of a U.S.
Canadian Stocks Rise Most in Two Weeks as Gold Producers Gain  Bloomberg
TSX rises on gold stocks, loonie weakens for sixth straight day  bnn.ca
Port of Churchill layoffs could devastate northern Manitoba economy, ministers say
Layoffs at the Port of Churchill could have a devastating effect on the local economy and leave northern workers in a lurch if no solution is found soon, said the provincial agriculture minister and a local Churchill MP.
No warning: Churchill, Man., mayor angry over shutdown of grain shipments  The Globe and Mail
'No warning:' Churchill mayor angry over shutdown of grain shipments  MetroNews Canada
Province, federal government give $180 million for high-speed Internet access ...
The federal and provincial governments are pumping $180 million into a long-awaited plan to extend high-speed Internet access to rural Southwestern Ontario.
Province and Feds Investing in High Speed Internet  Am980 London News
Governments spend $180M on high-speed internet in Ontario  CBC.ca
LCBO launches online sales
The LCBO launched online sales Tuesday with a website that lets people buy from nearly 5,000 products and have them delivered to their home or a local liquor store.
Popularity of small-scale craft distilleries surges  The Globe and Mail
Local winemakers praise new three-province wine deal  CBC.ca
Lesbians are 'hot' pro-oilsands Facebook post removed, apology made
After a storm of backlash, a gay M�tis Albertan has removed the pro-oilsands ad he posted to his Facebook page that says lesbians are "hot" and questions why Canada buys oil from countries that mistreat LGBTQ people.
Alberta oil sands group apologizes for 'Hot lesbians' ad  Globalnews.ca
'Hot lesbians' ad bashing Saudi oil backfires on Canadian oilsands ...  National Post