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Canadian markets news

As iPhone sales lag, Apple touts apps and services
SAN FRANCISCO -- You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months.
Apple sells more iPhones than expected, shares jump after hours  The Globe and Mail
Apple's revenue declines but it beats expectations  The Boston Globe
Canadian banks ordered to undergo mortgage stress tests
Canada's top banking regulator has again addressed the country's overheating housing market, demanding lenders show that their capital levels could withstand severe drops in the price of houses in Vancouver and Toronto.
OSFI tells some banks to test for sharp drops in Vancouver, Toronto housing ...  CBC.ca
Regulator requires banks to conduct stress tests for Vancouver, Toronto home ...  CTV News
Canadian tech firms want shorter visa wait times for foreign talent
Canada's emerging tech sector is stepping up pressure on the federal government to speed up the immigration process so firms can more readily recruit top foreign talent.
Ontario, Ottawa to make internet infrastructure announcement at 9:30 am  CBC.ca
Retail industry sees shakeup in major players' executive offices
It's a summer of uncertainty in retail as some major players shake up their top ranks, underlining the urgency for change in the sector.
Sears Canada loses another top executive: Carrie Kirkman out less than a ...  Financial Post
Sears Canada announces departure of president  YorkRegion.com
Boost in funding to Alberta training grant allows employers to invest in workers
Labour Minister Christina Gray visited the VETS Group sheet metal shop in Edmonton Tuesday to promote the Canada-Alberta Job Grant, a cost-sharing program to encourage employers to invest in training courses for employees.
Alberta says more than $20M committed for training under jobs plan  CTV News
Employers taking advantage of training grant program  630ched.com
WestJet needs to ink deal with pilots before it can expand wide-body fleet ...
Demand for WestJet's new London-Gatwick flight is strong, CEO Gregg Saretsky said Tuesday, but the Calgary-based carrier will need to strike a deal with its pilots before it can realize any new international ambitions and expand its wide-body fleet.
B.C. woman's pet gecko goes missing during WestJet flight  Globalnews.ca
Pet gecko goes missing on WestJet flight  CBC.ca
4 weeks to go on Mercier Bridge construction blitz
After eight years and $200 million, the federal bridge authority says the work to replace the Mercier Bridge's concrete deck will be finished in four weeks.
Mercier Bridge: Eight-year deck-replacement project coming to a close  Montreal Gazette
Major work on Mercier Bridge nearly complete  CTV News
Streetcar tracks major cause of serious downtown cycling crashes, new study finds
Researchers in Toronto and British Columbia have discovered something that many cyclists have found out the hard way: streetcar tracks can be a hazard to your health.
Surrey warned about light rail injuries  24 Hours Vancouver
UBC and Ryerson University study links streetcar tracks to bicycle crashes  Straight.com
LCBO launches online sales of beer, wine, cider, spirits
Ontario consumers will be able to buy alcohol through a new online ordering service that will bring products from the Liquor Control Board of Ontario to their doorsteps through Canada Post, Ontario's finance minister said Tuesday.
LCBO launches online shopping portal, home delivery service  CTV News
Popularity of small-scale craft distilleries surges  The Globe and Mail
What the closure of an Arctic seaport in Manitoba could mean for Canada
It's always a big deal when a small town loses its largest employer. But Churchill, Man., is not just any town - and its port is not just any business.
Politics trumps economics of keeping Churchill port open  Winnipeg Free Press
Churchill mayor angry over sudden shutdown of port  CTV News