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Canadian markets news

Are you facing your own personal recession or are all you 'all right, Jack'?
"It is what it is." That bit of popular wisdom contains so little information that the tongue-in-cheek rhetorical response must always be, "Truer words were never spoken.
Closer scrutiny of Canadian economy doesn't pass the recession test  The Globe and Mail (subscription)
The Spectator's View: Recession label less important than reality  Hamilton Spectator
Saskatoon StarPhoenix  
Amazing deal or pricing error? Air Canada glitch sets off class-action lawsuit
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.
Class action lawsuit filed over Air Canada's discount ticket glitch  CTV News
Air Canada faces class action lawsuit over flight pass deal 'error'
Transcontinental acquires NY firm in US$80 million deal
MONTREAL -- Transcontinental expects to double its packaging division's revenues after agreeing to buy a company in Brooklyn, N.Y.
Transcontinental acquires US-based flexible packaging supplier for $80 million  Canadian Plastics
transcontinental inc- to double its packaging revenues with additional ...  WorldPressOnline (press release)
Canadian producer Penn West slashing jobs
CALGARY, Alberta, Sept. 1 (UPI) - Canadian oil and fuel producer Penn West Petroleum stated it will reduce greater than 400 jobs, or round 35 % of its workforce, to endure a weak oil market.
Penn West to Cut 35% of Workforce and Suspend Dividend, Due to Current ...  Franchise Herald
Penn West, ConocoPhillips cut oil and gas jobs, mostly in Calgary  CTV News
Halifax-based airline CanJet suspends operations
CanJet, a Halifax-based charter airline, has suspended its operations due to unprofitability. CanJet's president, Stephen Rowe, confirmed to CTV News on Tuesday that his company is suspending all flight operations because management has been unable to ...
CanJet Suspends Operations Effective Immediately  Huffington Post Canada
CanJet suspends flying operations, looks for new business plan  Financial Post
TSX hit by oil price slump, China worries
TORONTO (Reuters) - Canada's main stock index fell 2.7 percent on Tuesday, in a broad retreat led by financial and energy stocks as oil prices slumped, weak Chinese data renewed fears of slowing growth, and Canada officially slipped into recession.
TSX slides in worldwide dip; new data shows first-half recession  CTV News
CANADA STOCKS-Energy stocks lead TSX sharply lower amid broad retreat  Reuters
MV Miner should be federal election issue, says group
The wreckage has been cleared away, but a group in Cape Breton wants to make sure people don't forget about the MV Miner during the federal election campaign.
MV Miner goes national: Main-a-Dieu group wants answers on wreck
MV Miner cleanup primed for election spotlight  Cape Breton Post
Rain complicates cleanup after powerful storm rips through Metro Vancouver
VANCOUVER - Electricity is slowly being restored across Metro Vancouver two days after the region was battered by a powerful windstorm, but now the area is being drenched by heavy rain.
Smyth: Don't count on the B.C. government to be there when the big one hits  The Province
Storm breaks BC Hydro record for outages  Times Colonist
Wellington landfill upward expansion proposed
The landfill at the East Prince Waste Management Facility in Wellington may soon be allowed to expand upward. Island Waste Management Corporation has applied to the Department of Environment to increase the total height from 14 metres to 24 metres.
Open house held on IWMC's proposed height extension to East Prince landfill  Journal Pioneer
Valeant picks up AstraZeneca psoriasis drug after Amgen exit
Canada's Valeant Pharmaceuticals International is buying rights to AstraZeneca's late-stage experimental psoriasis drug brodalumab after it was dropped by Amgen in May.
AstraZeneca reboots psoriasis drug in development deal with Valeant  The Times (subscription)
Valeant picks up psoriasis drug after Amgen drops it on suicide fears  Financial Post