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Canadian markets news

Burger King/Tim Hortons parent reports smaller quarterly loss
Restaurant Brands International Inc's first-quarter revenue more than doubled compared with the fourth quarter of 2014, helped by product launches and promotions.
Canada Stocks Fluctuate as Gold Rally Offsets BlackBerry Decline  Bloomberg
UPDATE 1-Restaurant Brands' revenue up due to product launches, promotions  Reuters
Calgary Herald  
At midday: TSX falls slightly, led by mining stocks
Canada's main stock index gained on Monday as buoyant metal prices helped mining stocks rise and investors cheered first-quarter results from Restaurant Brands International Inc. Restaurant Brands, formed by Burger King's takeover of Canadian coffee ...
TSX opens higher, led by Restaurant Brands, energy stocks  Reuters Canada
CANADA STOCKS-TSX rises slightly, led by mining stocks  Reuters
Precision Drilling's Q1 results beat estimates as costs fall (PDS)
Precision Drilling (PDS +1.6%) opens higher after its Q1 earnings plunge 76% Y/Y on a 24% drop in revenue, but results beat expectations as job cuts and other cost-cutting measures helped maintain margins despite a steep decline in drilling activities.
Precision Drilling Corporation Announces 2015 Second Quarter Dividend, 2015 ...  MarketWatch
UPDATE 1-Precision Drilling profit beats estimates as costs fall  Reuters
Sobeys boosts East Coast footprint with Co-op deal
Sobeys Inc., the country's second largest grocer, is poised to gain more clout in its key Atlantic Canada market thanks to a proposed supermarket deal announced over the weekend.
Deal could put Co-op Atlantic locations under Sobeys ownership  The News
Sobeys aims for scale with acquisition  IGD Retail Analysis
Canadian tax process getting too complicated: study
According to a study completed by the Fraser Institute the tax system is much more difficult to understand than it was in the 1990's.
Fraser Institute News Release: With the Income Tax Deadline Looming ...  MarketWatch
Five parking spaces worth of tax legislation is too much: Study  bnn.ca
Finch West LRT construction to be completed in 2021
Construction on a new light rail transit line along Finch Avenue West will begin in 2016 and be completed in five years, according to the Ontario minister of transportation.
Construction on Finch West LRT to begin in 2016 but Sheppard East LRT on hold  CP24 Toronto's Breaking News
Province Gives Green Light to Finch West LRT  640 Toronto News
Fitch downgrades Japan's debt after sales tax hike nixed
The Fitch ratings agency has downgraded Japan's credit after the government failed to go through with a plan to increase sales taxes in its budget.
Fitch Upgrades Marsh & McLennan to 'A-'; Outlook Stable  Reuters
Fitch cuts Japan's credit rating to 'A' over debt fears  The Japan Times
TFSA, RRSP and RRIF rule changes miss the mark
Ottawa clearly wants the votes of seniors. Now if it would just address the real flaws in Canada's retirement system. Last week's federal budget showered goodies on the grey-haired set, ranging from more time for seniors to tap their registered retirement ...
The Star's View: Increasing TFSA limits helps all Canadians  Windsor Star (blog)
National Post View: Increasing TFSA limits is the right thing to do  National Post
InterContinental Hotel Group chain catering to Chinese guests
The Chinese, travelling the world today more than ever, are the new face of tourism. Faced with this new clientele, the InterContinental Hotel Group (IHG), whose brands include InterContinental, Crowne Plaza and Holiday Inn, has launched a program in all of ...
Holiday Inn Express follows Sofitel  The Australian
IHG hotels tailor personalised welcome for Chinese clientele  Malay Mail Online
York St. GO Transit concourse opens to the public
The 62,000-square-foot York Street GO concourse at Union station officially opened to the public this morning. Part of GO's effort to accommodate rising ridership, the new concourse is nearly double the size of its predecessor, the Bay Street concourse.
York Street GO concourse opens at Union Station  CityNews
New 62000 square foot GO Transit concourse opens at Union Station  CP24 Toronto's Breaking News