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Canadian markets news

TSX continues fall, joins global equity sell-off
Canadian stocks slumped a fifth day on Thursday joining a sell-off in markets around the world amid waning confidence central banks can support the global economy, as commodities prices fall and growth stalls.
TSX falls as results from Manulife, others disappoint  Reuters Canada
Stock markets plunge on lower energy and bank stocks; bullion soars  Vancouver Sun
Toronto Star  
Weak economy slowing thirst for beer in some provinces: Molson Coors
MONTREAL -- Molson Coors Brewing Co. says a sluggish economy and higher food prices are affecting beer drinking in Canada's oil-rich provinces.
Molson Coors says low results due to slow economy and high food prices  Globalnews.ca
Molson Coors says weak economy affecting beer sales in oil-producing ...  Saskatoon StarPhoenix
Oil patch faces further cuts as crude prices hit new lows
Energy companies are digging in for another year of downturn by slashing spending, costs and staff as crude prices dip to new multiyear lows.
Cenovus announces job losses, dividend cuts  Fort McMurray Today
Cenovus Energy Inc slashes dividend, cuts spending and jobs as loss deepens ...  Financial Post
Myspace still exists? Yes, and now Time Inc. owns it
NEW YORK, N.Y. - Myspace still exists? It does, and the company that owns the once-ubiquitous social network is being bought by Time Inc. to help the magazine publisher target ads.
Time magazine's publisher buys what's left of Myspace  Toronto Sun
Joe Ripp optimistic despite Time Inc. stocks closing at all-time low  New York Post
TransCanada reveals job cuts hit about 10% of its work force
TransCanada Corp. has revealed that job cuts hit about 10 per cent of its work force late last year, and the company's executives say layoffs at the pipeline and power company might not be over yet.
Pipeline giant hatching new strategy to win you over  National Observer
TransCanada's Energy East Pipeline Rouses Quebec Nationalism  Huffington Post Canada
Carr promises First Nations collaboration on energy development
VANCOUVER - Canada's natural resources minister is promising a new relationship with First Nations on energy development and indigenous leaders are expressing cautious optimism about the new Liberal government's tone.
Carr promises energy collaboration with aboriginals  Nanaimo News Bulletin
Carr promises collaboration  Castanet.net
Fiat invests $3.7-billion, creates 1200 jobs, for new minivan
Fiat Chrysler Automobiles NV said on Thursday that it has invested $3.7-billion since September, 2014, and created 1,200 jobs in Canada to develop and produce its next-generation minivan.
Windsor Assembly Plant to hire 1200 new workers, FCA CEO says  CBC.ca
Fiat Chrysler adds 1200 jobs to Windsor plant in preparation for new ...  Financial Post
Errors in disaster recovery: Alberta auditor
WATCH ABOVE: The auditor general of Alberta said the government should not have taken over the disaster recovery program in the middle of the southern Alberta floods.
Alberta's Victims of Crime Fund “sitting unused”  Edmonton Sun
Millions unspent in victims of crime fund: auditor general  iNews880.com
Shadow flipping could put Vancouver real estate deals under scrutiny from the ...
Real estate agents found making a profit by “shadow flipping” Metro Vancouver homes could face the wrath of Canada's taxman.
Sellers should seek multiple opinions to avoid 'shadow flipping,' ...  The Globe and Mail
Cafe Politics: Blame demand, not shadow flipping for Vancouvers high housing ...  MetroNews Canada
Plastic bag industry wants Montreal suburb to halt proposed ban
Big Plastic is laying down the legal gauntlet against a Montreal suburb that is looking at banning plastic bags later this year. The Canadian Plastic Bag Association served the City of Brossard with a legal letter on Thursday demanding it back off on ...
Plastic producers and Quebec town in bag standoff  Mission City Record