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Canadian markets news

80-cent loonie: Good for shoppers, bad for oil producers
One of the few saving graces of the oil downturn has been that oil is priced in U.S. dollars. Energy companies sell their products in U.S.
Canadian dollar breaches 80-cent mark as data beats forecasts, oil rises  The Globe and Mail
Canadian dollar hits 80-cent US mark amid further signs of economic strength  CTV News
BNN  
Cannabis executive says producers unlikely to meet demands of consumer market
An official with a large Canadian producer of medical cannabis is confident consumers will be adequately supplied come next July, but says production will need to be increased.
Canadian marijuana companies band together to develop marketing guidelines  Ottawa Business Journal
Aurora Cannabis Stock Begins Trading on TSX, Shares Continue to Surge  SmallCapPower (press release)
Google parent Alphabet beats Wall Street estimates; revenue up 21 per cent
Alphabet Inc surpassed expectations for quarterly revenue and earnings on Monday, reporting higher advertising sales across its platforms and trying to move past a record $2.7-billion European Union fine by taking the entire charge at once.
Google profits drop on $2.7 billion EU fine, but growth is steady  Washington Post
Alphabet Slips, Hit by Higher 'TAC,' Says Pivotal  Barron's
Auto insurance rates in BC could spike 30 per cent without overhaul: report
VANCOUVER -- British Columbians may have to pay 30 per cent more for auto insurance unless the provincial government makes big changes to how it runs a Crown corporation, a new report suggests.
ICBC report says rates could climb 30% in next 2 years  CBC.ca
New Democrats promise to fix Insurance Corp. of BC amid spectre of rate hikes  National Post
Canada leads G7 in economic growth: IMF
Canada's economic growth spurt this year has moved it into a leading role in what is shaping up as an encouraging resurgence in the global economy in 2017, the International Monetary Fund said Monday.
Canada's economy to lead G7: IMF  Toronto Star
IMF predicts Canada will pass the US to top G7 growth this year  Financial Post
WestJet to offer weekly flight to Belize from Calgary in beefed up winter schedule
WestJet is adding a weekly direct flight from Calgary to Belize as part of a new winter schedule that includes 125 new flights in and out of its home city, as well as Vancouver and Toronto.
WestJet now boasts more Alberta flights than before the recession  Calgary Sun
Schedule additions to Westjet flights at Kelowna International Airport  Globalnews.ca
Manitoba credit rating downgraded for 2nd time in a year
Large deficits and a heavy debt load have dragged down Manitoba's credit rating for the second year in a row. S&P Global Ratings, formerly known as Standard & Poor's, lowered the province's credit rating on Friday from AA- to A+ because of "large ...
S&P downgrades Manitoba's credit rating  CTV News
High deficit, debt lower Manitoba's credit rating  Winnipeg Free Press
Break in rationing on Enbridge Canada pipelines likely short-lived
Enbridge Inc.'s move not to ration space on heavy oil pipelines out of western Canada for the first time in 16 months is likely to give producers only a short respite from difficulties in getting crude to market, industry players said.
Reuters: Break in rationing on Enbridge Canada pipelines likely short lived  Seeking Alpha
Income Investors: These Dividend Stocks Are Poised to Hike Payouts  The Motley Fool Canada
Tembec suitor wins over top shareholders by sweetening bid to $475 million
Rayonier Advanced Materials said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc to $4.75 per share, valuing the deal at $475 million, excluding debt.
Sweetened bid for Tembec wins support from shareholders who opposed deal  CBC.ca
Update: TSX Loses 54 Points as Gold & Energy Shares Decline; Loonie ...  Nasdaq
Strike begins for 150 Winnipeg airport workers
Workers at Winnipeg's airport hit the picket lines early Monday morning after collective bargaining negotiations with the airports authority fell apart.
Winnipeg airport workers on strike  Winnipeg Free Press
Operations unaffected as some Winnipeg airport staff go on strike  News1130