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Canadian markets news

Sears Canada swings to profit despite another revenue decline
Sears Canada's second-quarter revenue was down 9.1 per cent from the comparable period last year but the company says its core retail network showed positive sales momentum and the sale of some properties helped produce a profit.
Sears Canada narrows operating loss, continues CEO search  The Globe and Mail
Sears Canada operating loss narrows on cost cuts  Reuters Canada
Wall Street Journal  
Metro Vancouver reservoirs get boost from weekend storm
METRO VANCOUVER - It appears Metro Vancouver's deluge of rain over the past couple of days is having an impact on the region's three water reservoirs.
Vancouver real estate sees hot August as house prices up 17% from last year  CBC.ca
Metro Vancouver summer home sales up to 30% above average  Business in Vancouver
Ontario Teachers'-owned BayBridge to buy senior homes operator Amica
(Reuters) - BayBridge Seniors Housing Inc, owned by Ontario Teachers' Pension Plan Board, is taking luxury senior homes operator Amica Mature Lifestyles Inc ACC.
Ontario Teachers to buy Amica Mature Lifestyles for $578-million  The Globe and Mail (subscription)
Ontario Teachers' to Buy Amica Mature Lifestyles  Wall Street Journal
Twentysomethings sapping their parents' bank accounts
A new poll suggests adult children are draining their parents' retirement nest eggs. The CIBC survey has found that two-thirds of Canadian parents polled say they're feeling the financial impact of supporting their adult children.
Poll finds parents feeling the pinch of supporting adult children  The Globe and Mail
TSX volatile as crude whips energy stocks
TORONTO (Reuters) - Canada's main stock index seesawed on Wednesday in extremely choppy trading as energy stocks beset by volatile crude oil prices capped gains in other sectors.
TSX gives up early gains, Canadian dollar lower Wednesday morning  680 News
TSX climbs 106 points in early trading; Canadian dollar off  Times Colonist
Northern Gateway spokeswoman Janet Holder remembered as passionate advocate
Janet Holder, who became the public face of the controversial Northern Gateway pipeline in British Columbia, has died following a long battle with leukemia.
Holder's lasting influence  Prince George Citizen
Northern Gateway executive Janet Holder remembered as passionate advocate  Winnipeg Free Press
Husky reports major hydrocarbon gas leak from pipe in subsea wells
The regulator for the offshore oil industry in Newfoundland says Husky Energy has reported a major hydrocarbon gas leak from a pipe linked to two of its subsea wells.
Husky Energy reports major gas leak from pipe in subsea wells  CTV News
Husky Energy Inc.: Be Wary of This 5.4% Yield  The Motley Fool Canada
Amazing deal or pricing error? Air Canada glitch sets off class-action lawsuit
VANCOUVER - A mistake by Air Canada in offering a package of flights at just 10 per cent of the value has triggered a proposed class-action lawsuit by customers who thought they got an amazing deal.
Air Canada experiences computer glitch—How businesses can avoid tech mistakes  Business Review Canada
Air Canada keeps quiet about online deal glitch  News1130
NS orders fuel supply system review after gasoline shortages
HALIFAX -- The Nova Scotia government says it will review the province's fuel supply management system after a gas shortage earlier this week.
Nova Scotia gas shortage prompts government review of supply system  CBC.ca
Province orders review of fuel supply management  TheChronicleHerald.ca
Bank: No recession here
While the country waits for the Bank of Canada to officially weigh in on the state of the economy, one of the country's largest banks is already assuaging fears that the country is in a recession.
Canada in recession a field day for opposition  Toronto Star
Three worrisome facts about Canada's economy beyond the drop in GDP  rabble.ca (blog)