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Canadian markets news

Fed Sounds Cautious Note but Doesn't Deter Forecast of Rate Increase
Janet L. Yellen, chairwoman of the Federal Reserve, speaking at a conference at Brown University this month. On Wednesday, the Fed released an account of its early May meeting.
Rise in Rates, Tightening Monetary Policy soon 'Appropriate'  Stock Market Daily
The Bank of Canada interest rate decision shows Sunny Stephen is back
If you have been following along, you will know that Bank of Canada Governor Stephen Poloz and a number of Bay Street economists have been at odds this year over what shade to use when colouring the spaces around the outlook for the Canadian ...
Bank of Canada leaves key rate unchanged, but 'soft hawkish tilt' ...  The Globe and Mail
Bank of Canada holds rate at 0.5%, warning uncertainty still clouds economy ...  Financial Post
Ottawa unveils 'supercluster' innovation plan
Innovation Minister Navdeep Bains says creating Silicon Valley-style hubs of industry key to future growth and jobs. Innovation, Science and Economic Development Minister Navdeep Bains said between three and five superclusters will be selected to share ...
Ottawa offers $950 million for 'superclusters' to create jobs  CBC.ca
Feds launch contest for $950M 'supercluster' plan aimed at creating ...  CTV News
BMO's Q2 net income up 28 per cent to $1.25 billion, dividend going up
TORONTO -- The Bank of Montreal saw second-quarter profits from its U.S. personal and commercial banking business dip from a year ago, but it still increased its net income by 28 per cent and boosted its quarterly dividend.
These stocks are set for big moves Thursday  The Globe and Mail
Bank reports begin with BMO's Q2 net income up 28 per cent, dividend ...  TheChronicleHerald.ca
Council pushes ahead with relief line, but project still unfunded
Ahead of council vote on relief line subway, mayor handed out flyers urging commuters to ask Wynne Liberals to pay for the project.
Councillors question plans for Yonge subway extension, urge focus on ...  CTV News
Downtown relief line, Yonge subway extension studies get green light  CBC.ca
Procter & Gamble to close Brockville, Ont. plant
The city of Brockville, Ont., is losing its largest industrial employer, a "significant" part of its economy and nearly 500 well-paid manufacturing positions, said Mayor David Henderson, as Procter & Gamble announced today the closure of the plant ...
P&G closing in Brockville  Standard Freeholder
UPDATED: P&G plant in Belleville important  Belleville Intelligencer
Wynne's hydro plan simply irresponsible
If we fall for Premier Kathleen Wynne's “just get me through the 2018 election Fair Hydro Plan,” we'll fall for anything.
Hydro rate-cut will ultimately cost $21B, watchdog warns  Toronto Star
Ontario Liberal hydro plan has $21B net cost: watchdog  Globalnews.ca
Alberta introduces first overhaul of workplace rules in almost 30 years
EDMONTON - The first major overhaul of the province's workplace rules in almost 30 years proposes that Albertans be allowed to take unpaid leave to look after themselves and loved ones without fear of losing their jobs.
Alberta's middle-ground on unionizing means 'everyone is equally ...  Edmonton Sun
Alberta is Unstacking the Deck with Updated Workplace Laws  Marketwired (press release)
Metrolinx appealing latest court loss over $770M contract with Bombardier
TORONTO -- Metrolinx has filed an appeal questioning the decision of an Ontario judge last month that preserved the transit agency's contract with Bombardier Transportation.
Metrolinx appealing court loss over Bombardier contract  The Globe and Mail
Ontario celebrating 50 Years on the GO  Erie Media
Surge in value for Bitcoin cryptocurrency
The value of the Bitcoin, the internet's most widely used virtual currency, has more than doubled since the beginning of 2017, recently passing the symbolic $2,000 mark and setting a new record.
Bitcoin surges to record above $2500, bringing 2017 gain to more than 150%  CNBC
Bitcoin hits record $2000, and keeps rising  Waterloo Record