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Canadian markets news

Alberta deficit forecast at $5.9B as province feels impact of low oil prices
The effect of low oil prices is starting to make an impact on Alberta finances, according to the province's first-quarter update released Monday, and it could get worse.
Alberta economy will be in recession, Notley government confirms  The Globe and Mail
Alberta's first-quarter fiscal update soaked in red ink as deficit grows ...  Calgary Herald
Reuters  
Vancouver housing affordability continues to deteriorate
VANCOUVER -- Just when it seemed that housing in Vancouver couldn't become less affordable, prices have put the purchase of a home even more out of reach.
Housing-affordability gap in Toronto, Vancouver widens  The Globe and Mail (subscription)
Canadian housing markets mostly stable; hot pockets in Toronto, Vancouver: banks  Toronto Star
Canada's Q2 current account deficit narrows to $17.4B
OTTAWA - Canada's current account deficit narrowed slightly in the second quarter of 2015 to $17.4 billion on more favourable trade in goods and services, Statistics Canada said on Monday.
Canada second quarter current account deficit narrows to C$17.40 billion  Reuters Canada
CANADA STOCKS-TSX ends barely lower; energy stocks surge
... * TSX ends down 5.95 points, or 0.04 percent, at 13,859.12. * Eight of the TSX's 10 main groups fall; energy offsets. TORONTO Aug 31 (Reuters) - Canada's main stock index ended barely lower on Monday, as solid gains among heavyweight oil and gas ...
TSX ends lower despite surge in energy shares  Reuters Canada
Canadian Stocks Cap Worst Month Since September on Growth Fears  Bloomberg
Canadian Oil Sands halts oil shipments after Syncrude fire
Canadian Oil Sands Ltd., already hurt by weak oil prices and a string of operational problems at Syncrude Canada Ltd., is no longer shipping oil after a fire damaged part of its upgrading plant.
Canadian Oil Sands halts crude production at Syncrude after fire  Toronto Sun
Oilsands explosion puts Syncrude output targets at risk: analyst  CTV News
SkyGreece facing Transport Agency deadline
MONTREAL - The majority owner of SkyGreece Airlines says he's sorry for the airline's grounding that has stranded about 1,000 passengers.
SkyGreece majority owner apologizes for grounding, stranding passengers  Lethbridge Herald
Skygreece passengers should get emergency flights, compensation: activist  CBC.ca
UPDATE 13-Oil jumps 8 pct, biggest 3-day surge since 1990
... * OPEC says worried about prices, ready to talk to producers. * EIA data shows U.S. crude oil production contracting (Updates with information on Canadian supply disruption, paragraphs 12-13).
Oil price forecasts: BofA Merrill cuts 2016 Brent forecast  Economic Times
Oil jumps 8 percent, biggest three-day surge since 1990  Reuters Canada
Community agriculture goes corporate with new agrihood housing developments
Community agriculture is going mainstream, and big business has taken note. No longer limited to a few gardening boxes on an old parking lot, the trend is taking centre stage in housing developments being built around the idea of community-grown local ...
Welcome to the 'agrihood'  Castanet.net
35000 jobs lost already in Alberta's oilpatch, says industry group
CAPP says job losses this year include 25,000 in the oil services sector and another 10,000 in exploration and production. Stuart Gradon / Calgary Herald.
35000 lost oil jobs in 2015 not surprising: Stephenson & Co.  bnn.ca
Alberta Has Lost Oil Jobs by Thousands  Baystreet.ca
ICBC to seek increase in insurance ratesfor drivers
B.C. drivers should brace for a probable rise in basic insurance rates in 2016, potentially as high as 6.7 per cent. The Insurance Corporation of B.C.
ICBC says fraud, rise in claims reason for rate increase  The Nelson Daily
ICBC wants to raise basic rate  News1130