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Canadian markets news

Weaker inflation slows to 1.3%, could weigh on central bank's rate decision
OTTAWA - Steps by the Bank of Canada to prepare the country for an eventual interest rate hike are bumping up against an inflation rate that has eased up on the accelerator.
What weak inflation means for Canadian consumers  Macleans.ca
Inflation rate cools to 1.3% in May as food prices now cheaper than a year ago  CBC.ca
CTV News  
Supreme Court gives thumbs-up to privacy lawsuit against Facebook
In a major victory for social-media users, the Supreme Court of Canada has given the go-ahead to a class-action lawsuit against Facebook over privacy rights - even though the company's terms of use require all lawsuits to be filed in California.
Canada's top court says BC woman can sue Facebook over 'sponsored ...  Globalnews.ca
Supreme Court clears way to BC class-action against Facebook  The Loop (blog)
Labrador's Muskrat Falls pricetag now $12.7B: Worse than 1969 Quebec deal, CEO ...
There has been another billion-dollar bump in the projected cost of the Muskrat Falls hydro megaproject in Labrador. The new estimate is $12.7 billion, including financing and other expenses, according to a briefing Friday by the chief executive of ...
Muskrat Falls price tag rises by another billion: CEO  The Globe and Mail
Price tag for Muskrat Falls hydro megaproject rises by another billion, CEO says  Winnipeg Free Press
BlackBerry casts renewed doubt to software business, shares slide most in two ...
BlackBerry Ltd.'s recent rally took a sharp turn Friday after it revealed it earned less quarterly revenue than analysts expected, casting renewed doubt over its ability to grow its software business fast enough to keep investors happy after its exit ...
BlackBerry falls most in two years as software sales falter  The Globe and Mail
BlackBerry's banner year hits snag as software sales falter  TheRecord.com
Waiting for a Canadian housing crash? Warren Buffet bets against it buying 38 ...
Warren Buffett's deal to back Home Capital Group Inc. does more than support a struggling mortgage lender -- it's a vote of confidence for a housing market that everyone from investors to global ratings companies say is a bubble ready to burst.
Home Capital investors weigh costs of Buffett bailout  The Globe and Mail
Buffett Deals and Blockchain Crashes  Bloomberg
Looming LCBO strike not a worry for Ottawa customers
The looming possibility of an LCBO strike the week before Canada Day isn't worrying many Ottawa residents, but small breweries say they are watching the labour dispute closely.
Ontarians urged to stock up on booze as LCBO strike deadline looms  CP24 Toronto's Breaking News
LCBO Extends Opening Hours As Canada Day Strike Looms  Huffington Post Canada
Cooling measures already affecting hot Toronto housing market: survey
The recent intervention by the Ontario government to cool the Toronto-area's hot housing market is already having an impact on sellers and buyers plans for the year, according to a new poll.
New rules having little impact on builders as new Toronto townhouses pass $1 ...  Financial Post
More first-time home buyers putting purchases on hold after Ontario ...  Hamilton Spectator
Mayor decries cost of living crisis after Churchill, Man. rail link severed
The northern Manitoba town of Churchill is in a “crisis” and its people are “being held hostage” by a rail company that won't repair flood damage to tracks that bring in critical supplies, says the town's mayor.
Churchill rail line could be fixed in 2 months, northern leaders say  CBC.ca
First Nations and North West Company call on governments to repair rail line ...  Thompson Citizen
Toronto Bike Share will be free every Wednesday in July
You can take a free spin about town with Toronto Bike Share next month. Mayor John Tory announced on Friday that service will be complimentary every Wednesday in July.
Bike Share Toronto hits ridership record, offers free Wednesday rides in July  Toronto Star
Bike Share Toronto launches free ride Wednesdays in July  Globalnews.ca
CIBC eyes US growth as PrivateBancorp deal closes
TORONTO - The Canadian Imperial Bank of Commerce is pushing ahead with its ambitions in the United States now that it has completed its $5 billion acquisition of Chicago-based PrivateBancorp Inc., focusing first on organic growth but leaving the door ...
CIBC looks to generate quarter of earnings from US  CBC.ca
CIBC completes acquisition of PrivateBancorp  Canada NewsWire (press release)