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Canadian markets news

Consumers to save $600 at gas pump, but spend it on costlier imported goods
We may be saving money at the gas pump, but the increased cost of food and consumer goods is likely wiping out the benefits for most Canadian families.
Cheaper energy prices in April churn out weakest inflation rate since 2013  Winnipeg Free Press
Canada Inflation Gain Is Least Since 2013 as Gas Drops 21%  Bloomberg
Reuters  
CANADA STOCKS-TSX eases after recent rally as energy, financials drag
(Updates throughout with analyst comment, TSX moves). * TSX down 21.6 points, or 0.14 percent, to 15,182.01. * Five of the TSX's 10 main groups are down.
Canadian Stocks Fluctuate Amid Inflation Data as Banks Decline  Bloomberg
At the open: TSX falls as energy stocks decline  The Globe and Mail
Royal Bank backs down on fees for credit card, mortgage payments
The Royal Bank is backing off on its plan to charge customers a fee to make credit card, loan and mortgage payments under certain circumstances.
Royal Bank backs off on fee change for payments after client feedback  The Daily Courier (subscription)
RBC drops plan to charge new fees after customers complain  Globalnews.ca
CMHC finds 84% of condo owners want to live in them, not rent them out
A second annual survey of Canada's two largest condominium markets found that the financial health of owners might be, on average, better than some bleak headlines have suggested.
Vancouver, Toronto condo investors 'in the market for the long term' ...  Business in Vancouver
Condo investors in Toronto and Vancouver here to stay, CMHC survey says  Financial Post
Shopify (SHOP) Stock Surging in Second Trading Day
NEW YORK (TheStreet) -- Shares of Shopify Inc (SHOP) were rising by 14.49% to $29.40 in late morning trading Friday, following the Canadian e-commerce and software company's initial public offering debut yesterday.
Shopify IPO spearheads technology revival in Ottawa area  CBC.ca
Shopify valued at US$2.14B in U.S. debut  St. Catharines Standard
BlackBerry CEO's total compensation dropped by 96 per cent last year
BlackBerry chief executive John Chen took a major pay cut last year as he worked to turn around the money-losing company. The head of the Waterloo, Ont.
BlackBerry to buy up to 12 million shares for cancellation  St. Catharines Standard
BlackBerry pitches buyback plan to purchase 12 million shares  CBC.ca
Major oil spill could cost Vancouver economy $1.2 billion: city report
VANCOUVER - A major oil spill caused by Kinder Morgan's Trans Mountain pipeline expansion could cost Vancouver's economy up to $1.2 billion, according to a new report released by the city.
Major oil spill could deliver at least $380M hit to Vancouver's economy ...  CKNW News Talk 980
Metro Vancouver to formally oppose Trans Mountain pipeline  CBC.ca
SkyTrain's Expo Line shutdown: Free transit all day today
All modes of transit are free throughout Metro Vancouver today after thousands of rush-hour commuters were left stranded by the closure of the Expo Line SkyTrain between Joyce Station and Waterfront Station.
All of Metro Vancouver will get free transit today after a bird's nest ...  National Post
Video: SkyTrain fire causes commuter chaos  Vancouver Sun
Regina receives C-minus in flood preparedness: study
Major Canadian cities have done a mediocre job of preparing for floods, a new study concludes. The study rated the efforts of 15 cities to reduce the risk of damage from flooding caused by extreme rainfall.
Here's how Canadian cities rank in flood preparedness  The Weather Network
Calgary gets a B for flood preparedness  News Talk 770 Calgary
Stores let customers make booze on-site
Sandro Foianesi, owner of Brewers Direct, stands in an area of his retail outlet he is renovating for customers to brew their own wine and beer on-site.
Manitoba legalizes in-store wine- and beer-making  Globalnews.ca
Brew Your Wine Or Beer In-Store  CJOB