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Canadian markets news

TSX moves off record high, tumbles 194 points amid earnings disappointments
TORONTO - North American stock markets had their biggest one-day tumble since early February on Thursday but analysts were hard-pressed to identify a single reason for the drop.
The close: Stocks clobbered as worries grow on multiple fronts  The Globe and Mail
Canada Stocks Fall From Record as Oil, Gold Drop on Global Rout  Bloomberg
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CIBC'S New CEO Weighs Expanding Wealth Management
Victor Dodig, Canadian Imperial Bank of Commerce's newly appointed chief executive officer, said he sees room to grow in domestic banking while looking abroad for asset-management and private-wealth takeovers.
New leader for CIBC latest in upheaval of banks  The Globe and Mail
CIBC Looks Inside for New Ceo, Promoting Dodig  Bloomberg
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Canada's telcos burst into banking, healthcare in hunt for growth
By Alastair Sharp and Euan Rocha. TORONTO August 1 (Reuters) - Canada's three biggest telecom firms, keen to keep shareholders happy with fat dividends, are breaking into businesses ranging from banking to healthcare to drive growth as they run out of ...
4 Core Holdings for Canadian Income Investors  The Motley Fool Canada
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IMF urges higher energy taxes to fight climate change
Looking at taxes as the most efficient way of dealing with environmental harm, IMF chief Christine Lagarde said that countries could begin implementing higher energy taxes even without the global agreement yet on climate policies.
IMF calls on Canada, others to raise carbon taxes, cut income taxes  Montreal Gazette
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Vaughn Palmer: Strike savings diverted, and LNG promise redefined
VICTORIA - When Finance Minister Mike de Jong scheduled a midsummer briefing in his office Thursday, the advance billing to reporters promised an update on the impasse with striking school teachers.
B.C.'s LNG industry facing a possible setback
Apache to sell Wheatstone LNG stake  Sydney Morning Herald
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BC chief Ron Giesbrecht's $1M pay 'very troubling,' minister's office says
A chief from a small First Nation in B.C. was paid nearly $1 million last year, according to documents disclosed by the band. Ron Giesbrecht of the Kwikwetiem First Nation is listed as the chief and economic development officer and was paid $914,219 in ...
Harper government outraged that BC chief of tiny Coquitlam first nation ...  Vancouver Sun
UPDATES: Kwikwetlem First Nation a small band with big pay for the Chief  Am730 Vancouver Traffic News
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Captain John's sold for $33501 � now the heavy lifting starts
Toronto entrepreneur James Sbrolla is a risk-taking investor in recycling and clean technology companies. Thursday he took his biggest gamble yet.
Sale of Captain John's restaurant approved, ending its tumultuous saga  National Post
Captain John's finally sold, will be removed from waterfront  CTV News
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Construction set to begin on first phase of Ontario Place revitalization
The provincial government says it will start the first phase of its planned Ontario Place revitalization in the next few months. Minister of Tourism, Culture and Sport Michael Coteau says construction is expected to begin soon on the first phase of the project - a ...
Ontario Place revitalization plans  Toronto Sun
Provincial government releases plans for new Ontario Place waterfront ...
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Much still to be done to remove risk, attract investment, if Quebecor is to go ...
MONTREAL - Though Quebecor's Thursday morning conference call with financial analysts was ostensibly about its solid second quarter financial results, the biggest chunk of the hour on the phone was spent talking about what it would take for the company ...
Videotron will launch its LTE network 'in the next few weeks' ...
Quebecor ponders wireless partnership with U.S. operator  Waterloo Record
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All eyes on Friday's jobs numbers, as Canada rides U.S. 'coattails' to recovery
Canada and the United States have shaken off the shocks from severe cold conditions at the start of the year, which nearly halted growth in its tracks here, and actually reversed output by our biggest trading partner.
Alberta's Economy Sizzles. The Rest of Canada's Fizzles  Businessweek
Canada's economic growth stronger than expected in May  The Globe and Mail
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