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Canadian markets news

Athabasca completes billion-dollar sale to PetroChina 0
Athabasca Oil Corp. has finally sold their stake in the Dover oilsands project, allowing PetroChina to take control at the cost of $1.184 billion.
Athabasca finally closes sale of Dover oilsands stake to PetroChina  Times Colonist
Athabasca closes sale of Alberta stake to PetroChina for $1.184B  bnn.ca
Wall Street Journal   Related articles »  
Canada sees biggest monthly GDP jump in almost three years
Real gross domestic product grew by 0.8% in 2014's second quarter - the biggest quarterly gain since Q3 of 2011 - Statistics Canada announced August 29.
As Canadian banks go beyond comforts of home, expansion efforts weigh on ...  Financial Post
Canada's GDP growth outpaces Bay Street forecast  The Globe and Mail
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US government helpless as tax-avoiding firms head for the exit
Last week's decision by Burger King to accompany its acquisition of Canadian coffee and doughnut chain Tim Hortons with the transfer of its Miami headquarters to Canada - a so-called corporate inversion - has dramatically reignited the US debate about ...
Tim Hortons Coffee Can't Perk Up Burger King  TheStreet.com
Glazed and confused: Dissecting the Tim Hortons merger  Macleans.ca
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Bombardier CSeries suffers setback as first client backs off
Sweden's Braathens Aviation said it no longer wishes to be the first operator of Bombardier (Toronto: BBD-A.TO - news) 's new CSeries jets, adding to the troubled Canadian manufacturer's woes.
Swedish carrier backs out as first Bombardier CSeries operator  Reuters
Bombardier C Series suffers blow as first operator backs away  The Globe and Mail
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Toronto's Billy Bishop terminal sale not linked to runway plans, Porter says
According to a senior executive at Porter Aviation Holdings, who said the move was unconnected to the push to expand the airport, the company plans to continue to use the facility.
Porter Aviation puts Toronto island terminal up for sale; eyeing expansion plans  mysask.com
Porter looks to sell Toronto terminal  Northern Ontario Business
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Festivities planned for streetcar launch
new streetcar One of the new streetcars that will be hitting city streets in Toronto is seen Wednesday, June 4, 2014. (Dave Thomas/Toronto Sun).
New Streetcars Hitting Streets on Sunday  640 Toronto News
New streetcars officially in service Sunday on 510 Spadina Line  CP24 Toronto's Breaking News
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Charges against two in Lac-M�gantic train derailment should be dropped: lawyers
MONTREAL - The crown prosecutor should drop charges against two of the rail workers arrested in connection with the fatal Lac-M�gantic derailment, their lawyers said Thursday.
Drop charges against MM&A workers, say supporters  Toronto Sun
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Mining Stocks Take TSX Higher, N.Y. UP
The Toronto stock market erased early losses to close higher Friday as investors bought into beaten-down mining stocks. The SP/TSX composite index closed 67.56 points higher at 15,625.73.
Toronto stock market lower amid strong bank earnings, geopolitical worries  Times Colonist
An end-of-summer checkup on TSX sector valuations  The Globe and Mail
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Saskatoon Transit dealing with service disruptions
Saskatoon Transit will not have enough buses available to run full service after the Labour Day long weekend, according to city officials.
City was aware of maintenance backlog says transit union  News Talk 650 CKOM
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CPR says plow wind caused derailment
SWIFT CURRENT - Canadian Pacific Railway says strong plow winds caused the derailment of a train Thursday night. Spokeswoman Salem Woodrow said it happened around 7:30 p.m.
CPR freight train derails in southern Saskatchewan  Calgary Herald
CP train derails east of Waldeck  Southwest Booster
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