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Canadian markets news

Valeant deal sparks share jump, helps TSX ends week higher
By Alastair Sharp. TORONTO (Reuters) - Canada's main stock index reversed earlier losses on Friday after several stocks jumped on takeover moves, helping the TSX shrug off uncertainty over U.S.
Toronto Stocks Close Higher; Manitoba Telecom, Valeant Rise  Wall Street Journal
TSX stocks dragged down by falling gold stocks  CTV News
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Royal Bank announces tough new rules on outsourcing
Responding to a public backlash over its outsourcing practices, Royal Bank of Canada has released a new code of conduct that favours hiring Canadian workers and limits what jobs it outsources to other countries.
Royal Bank unveils supplier code of conduct after outsourcing backlash  Toronto Star
Royal Bank pledges not to outsource jobs for cash savings  CBC.ca
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Manitoba Tel agrees to sell Allstream to Egyptian billionaire
Egyptian billionaire Naguib Sawiris's deal to buy Allstream, sealed after a two-year pursuit, is likely the first step in a larger plan to create a new telecommunications competitor.
Egyptian tycoon to buy MTS fiber network in new Canada push  Reuters Canada
Manitoba Telecom deal to sell Allstream shifts industry landscape once again  Financial Post
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Kinder Morgan files preliminary plans for Trans Mountain pipeline expansion
Kinder Morgan Canada expects to need roughly 150 kilometres of new route for the expansion of its Trans Mountain pipeline, whose current path travels directly through dense urban areas in Edmonton and the B.C.
Kinder Morgan takes next step in its Trans Mountain oil pipeline expansion plan  Calgary Herald
Kinder Morgan to file Trans Mountain expansion plan with Canadian energy ...  Vancouver Sun
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US meat packaging regulations un-'COOL,' Manitoba government says
A trade war may be brewing between the Canadian and U.S. governments over meat packaging regulations. The Manitoba government issued a press release saying it supports the possible use of retaliatory measures by the federal government in response ...
Canada threatens retaliation over US meat-labelling rules  CBC.ca
UPDATE 1-US revises meat-labeling rules to satisfy WTO ruling  Reuters
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Canada ranks 3rd last in paid vacations
Canada ranks third last among economically advanced countries in the amount of paid vacation time it guarantees its workers, a new U.S.
Study ranks Canada third-worst among affluent nations for paid vacation  Toronto Star
Are we getting enough vacation? Canada ranks near bottom of list  Globe and Mail
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Man at centre of SNC-Lavalin fraud allegations was key hire by company
MONTREAL - When SNC-Lavalin Group Inc. chief executive Jacques Lamarre met a hot-shot engineer named Sami Bebawi for dinner in mid-1998, he was looking for someone who could help turn around the company's money-losing construction unit after ...
SNC-Lavalin letter says Gadhafi son was offered VP post  CBC.ca
Some of SNC's missing millions found in Montreal real estate, RCMP alleges  Globe and Mail
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Hulu Said to Get Bid From KKR, Silver Lake
KKR & Co. (KKR) and Silver Lake Management LLC are vying with Yahoo! Inc. (YHOO) to acquire Hulu LLC, escalating a bidding war that has attracted cable and satellite TV, private equity, a talent agency and media mogul Peter Chernin.
Hulu Suitors Line Up  Wall Street Journal
Report: Yahoo, Pay-TV Operators Among Hulu Bidders  ABC News
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Warburg Would Reap Threefold Return in Bausch Transaction
Warburg Pincus LLC would reap more than a threefold return on its $1.7 billion equity investment in Bausch & Lomb Inc. if talks to sell the eye-care company for $9 billion bear fruit, a person with knowledge of the matter said.
Pharmaceutical co. ISTA pleads in NY federal case  Businessweek
Valeant near deal to acquire Bausch & Lomb: source  Reuters Canada
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Avoid the Champlain (again) this weekend
Update: Repairs to the Champlain Bridge scheduled to take place this weekend have been postponed due to the rainy weather. Repairs will take place the weekend of June 29-30.
Construction planned for Highway 15  CTV News
More Champlain Bridge work this weekend  CJAD
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