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Canadian markets news

Canada's economy shrinks 0.6 per cent in worst month since 2009 recession
Getty ImagesStatistics Canada's latest reading for real gross domestic product revealed the extent of the economic damage caused by the blaze that roared through the heart of oilsands country.
Imperial Oil posts surprise loss on impact of Alberta wildfires  The Globe and Mail
Imperial Oil posts $181M loss in Q2 tied to Alberta wildfires
Calgary Herald  
Japan's shocking stimulus illuminates central banks' lack of credibility
Ng Han Guan, Pool/AP PhotoGovernor of the Bank of Japan Haruhiko Kuroda, sips from a glass during a press conference held at the close of the G20 Finance Ministers and Central Bank Governors meeting in Chengdu, China.
Are Central Banks Running Out of Options?  MarketPulse (blog)
Yen surges after BoJ underwhelms  Financial Times
Air Canada's second quarter declines, revenue climbs
MONTREAL -- Air Canada is reporting a lower profit for this year's second quarter as it dramatically increased the number of routes offered by its main fleet and discount brand.
Air Canada Reports Second Quarter 2016 Results  Edmonton Journal
Air Canada profit tops estimates on lower fuel costs  The Globe and Mail
Oil giants look to invest despite losses and price collapse
Since oil prices began to nosedive two years ago, Cenovus Energy has been on its heels, desperately trying to cut costs. Management slashed capital spending, delayed projects and cut the workforce, among other measures.
Cenovus Energy considers resuming delayed oilsands projects after big cuts  Calgary Herald
Oilsands Giant Suncor Might Actually Leave Its Oil In The Ground  Huffington Post Canada
TSX slips, heads for weekly loss after four gains
TORONTO (Reuters) - Canada's main stock index slipped in early trade on Friday, heading for its first weekly decline since mid-June, as economic data and energy earnings highlighted the damage done by a massive wildfire that hit oil sands production ...
CANADA STOCKS-Weak economic data weighs on futures  Reuters
Futures Lower Following Data
'Problematic conditions' in Regina, Saskatoon housing markets: CMHC
Canada's national housing agency rang more alarm bells about Vancouver's real estate sector after it released a report Wednesday saying there is now strong evidence of problematic conditions in the city.
Housing intervention shouldn't be 'political' or about 'show ...
Tory won't rule out a tax on foreign real estate buyers in Toronto  Toronto Sun
Alberta government offers up to $20M in grants to small brewers
CALGARY -- Alberta's small beer brewers will get up to $20 million a year in grants, helping to offset a looming hike in the markup on all beer sold in the province.
Grant program aims to make Alberta craft breweries 'signature industry'
Alberta brewers cheer new provincial handout  Calgary Sun
Drop in industrial demand to cost BC Hydro $3.5 billion
Faltering electricity demand among industrial customers will cost BC Hydro $3.5 billion less in revenue - over the term of its 10-year financial plan - than anticipated when the utility first unveiled in 2013, CEO Jessica McDonald said Thursday.
BC Hydro facing $3.5 billion revenue shortfall  Business in Vancouver
Revenue plunges at Hydro
'We're fairly confident': Prince Albert hopes new water supply will work
Officials in Prince Albert, Sask., are expressing optimism that an improvised water pipeline will work as hoped and provide a clean source of water by the long weekend.
Oil spill repercussions ongoing  Saskatoon StarPhoenix
Prince Albert streets flood during water shortage  News Talk 650 CKOM
Maple Leaf Foods shares hit record after swing to profit
(Reuters) - Canadian meat processor Maple Leaf Foods MFI.TO shares hit an all-time high on Thursday after the company reported a quarterly profit that slightly topped estimates, boosted by lower operating costs and increased prices.
Maple Leaf Foods Reports Second Quarter 2016 Financial Results  Canada NewsWire (press release)
Maple Leaf Foods posts latest in a string of quarterly profits  The Daily Courier (subscription)