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Canadian markets news

Canadian real estate industry welcomes Buffett to the neighbourhood
Canada' real estate industry is greeting billionaire Warren Buffett's lifeline to embattled mortgage lender Home Capital Group Inc. as a vote of confidence, not just in the company, but potentially in the sector as a whole.
Magic wands and Trojan Horses: Bay Street weighs in on Buffett's move to ...  BNN
Warren Buffett offers lifeline to Home Capital  TheRecord.com
Montreal Gazette  
'Being eaten away': Struggling Sears Canada to close 59 stores, cut 2900 jobs ...
TORONTO - Sid Mohan, 29, had a job interview at 3 p.m. Thursday, so he popped into a nearby Sears Canada store at lunch time and bought a blue and white plaid cotton dress shirt for $39.99.
Charlottetown Sears store avoids closure  CBC.ca
Sears Canada closing 59 locations, cutting 2900 jobs  CTV News
Potential LCBO strike looms over Canada 150-themed beer, wine and spirit sales
Canadian pride brought out the creativity in brewmasters, wineries and distilleries, who are pumping out liquid patriotism for Canada Day celebrations.
Union sets up strike headquarters outside LCBO head office days before deadline  Globalnews.ca
LCBO strike looming this weekend  MetroNews Canada
Foreign home buyers surge 37 per cent in Montreal on growth in Chinese purchases
MONTREAL -- Canada's federal housing agency says the number of foreign buyers in the Montreal area surged by 37 per cent in the first four months of the year.
Foreign buyers a limited part of Montreal property picture: CMHC  The Globe and Mail
Foreign buyers in Montreal: limited in number, but increasing  Digital Journal
Manitoba mulls sending propane storage to cut-off community of Churchill
The Manitoba government may ship propane-storage containers to the cut-off community of Churchill to help address a situation Premier Brian Pallister calls "urgent," but wouldn't go so far as to describe as an emergency.
Province eyes options to keep Churchill homes heated this winter in cut-off ...  CTV News
Manitoba eyes options to keep homes heated this winter in cut-off community  Times Colonist
Subsidizing electric cars is inefficient and costly: report
Provincial subsidies to encourage the use of electric vehicles are the most expensive, least effective way to help cut greenhouse gas emissions, the Montreal Economic Institute says in a new report.
Quebec's $8000 electric vehicle subsidy is a waste: study  Montreal Gazette
Electric vehicles: the argument against subsidies  Radio Canada International
Hydro bill cuts to take effect July 1
TORONTO - Hydro bills in Ontario are set to drop July 1 as the remainder of cuts promised by the Liberal government come into effect.
More hydro relief coming July 1, Ontario Energy Board says  CBC.ca
Hydro Quebec studying variable pricing based on demand  CTV News
Breweries make case that Alberta beer tax system unconstitutional
Lawyers for two breweries were in a Calgary court on Thursday arguing the Alberta tax system on small breweries is unconstitutional.
Dream Office REIT selling Scotia Plaza stake, other assets for $1.7 billion  News1130
Dream Office sells $1.7B properties, $1.4B to KingSett  Real Estate News EXchange
Retail sales jump; signal best start to year since 1991
Consumers continued their free-spending ways in April, pushing retail sales to a 0.8 per cent gain from the prior month and bringing the total increase since the beginning of the year to 3.6 per cent, Statistics Canada reported Thursday.
Canadian retail sales top April forecasts  CBC.ca
Rise in Canadian retail sales bodes well for second quarter economic growth  Reuters Canada
Postmedia agrees to sell its Infomart business to Meltwater for $38 million
Postmedia said it will use proceeds from the transaction to pay down debt, the company said in an announcement Thursday. The sale is expected to close on Aug. 15.
Postmedia signs deal to sell Infomart to Meltwater News Canada for $38.25M  680 News
Postmedia Announces the Sale of Infomart  Stockhouse