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Canadian markets news

TSX drops as oil prices fall on supply concerns
TORONTO (Reuters) - Canada's main stock index was lower on Wednesday as a decline in oil prices on concerns about a buildup in U.S.
TSX declines amid weak commodity prices  Financial Post
TSX little changed amid weak commodity prices, strong earnings data  Stockhouse
Another slump in Greek stocks holds back European shares
Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.
Greece insists it can longer tolerate 'choking austerity'  Telegraph.co.uk
Greek bank stocks punished, fall more than 22%  The Globe and Mail
StatsCan revises employment growth downward for 2014
Data released today by Statistics Canada showed that Canadian job growth for 2014 was more sluggish than previously thought. On January 9, Statistics Canada had said employment gains for 2014 stood at 186,000, but revisions published January 28 ...
Canada December Job Losses Deeper After Revisions  Wall Street Journal
Canada Cutting 2014 Jobs Gain Supports Poloz View of Slack  Bloomberg
Tim Hortons layoffs: Long-time employees escorted out the door
Dozens of corporate Tim Hortons workers, including pregnant women and staff who had been with the chain for 30 years, were summoned to meet with outplacement agents and then escorted out the doors of its regional offices and headquarters yesterday as ...
Tim Hortons laying off workers at regional offices and headquarters  CTV News
Tim Hortons Inc confirms scores of head office layoffs  Financial Post
Oilsands giant Cenovus braces for a tough year with $700 million spending cut
Cenovus Energy Inc. has lowered its 2015 capital budget to between $1.8 billion and $2 billion, which is about $700 million less than the previous estimate and more than 15 per cent below last year's spending levels.
UPDATE 2-Cenovus Energy deepens 2015 budget cuts as oil prices dive  Reuters
Cenovus Energy Receives Consensus Recommendation of "Hold" from ...  sleekmoney
Ritz-Carlton in Montreal tops list of luxury Canadian hotels for second time
WASHINGTON - U.S. News and World Report has ranked Montreal's Ritz-Carlton for the second year in a row as the best hotel in Canada, citing its stylish decor and amenities including a greenhouse and a French restaurant from celebrity chef Daniel Boulud.
Best Hotels in Canada 2015  Huffington Post
Ritz-Carlton in Montreal tops magazine's list of Canadian luxury hotels ...  Canada.com
Apple's fortunes depend on iPhones now, but what will it do next?
SAN FRANCISCO - Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend.
How Tim Cook's Apple conquered the world  Telegraph.co.uk
Apple's 74.5 Million iPhone Blowout  ABC News
CN Rail dividend increasing 25 per cent as Q4 profit surges to $844 million
MONTREAL - Canadian National Railway is raising its quarterly dividend by 25 per cent as the country's largest railway says it expects to profit from the growing U.S.
Rail backlog causing long-term problem for grain growers: report  CanadianManufacturing.com
Is Canadian National Railway Company at the Peak of its Game?  The Motley Fool Canada
BC Supreme Court nixes City of Vancouver land swap deal
A court has struck a blow to a controversial deal between the City of Vancouver and a developer. It's a victory for a neighbourhood association that questioned the city's fairness to the public regarding its transaction with Brenhill Developments Limited.
BC judge kills Yaletown development after flawed land swap process  Vancouver Sun
BC Supreme Court quashes approval for Vancouver tower deal  The Globe and Mail
CGI first-quarter net income, cash flow soar
"There is a lot of interest in how costs can be managed or brought down rapidly against a dropping commodity price," CGI chief executive Michael Roach said Wednesday during a conference call ahead of the company's annual meeting.
CGI earnings jump 24.5% despite revenue, bookings falling short  The Globe and Mail (subscription)
CGI sees contract opportunities from woes in Western Canada's oil patch  Montreal Gazette