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Canadian markets news

BlackBerry announces jobs cuts in its devices business
Last August, BlackBerry CEO John Chen proudly announced that a restructuring process that trimmed 7,000 employees from its balance sheet was finished.
BlackBerry cuts jobs worldwide as it consolidates businesses  Reuters
BlackBerry cuts jobs worldwide in smartphone consolidation  Livemint
Times of India  
Province's inflation rate highest in nation
Saskatchewan's annual inflation rate in April was 1.2 per cent, the highest of any province, according to Statistics Canada. By comparison, inflation in Canada's other oil-producing provinces, Alberta and Newfoundland and Labrador, was below the national ...
Inflation drops to lowest level since October 2013  Hamilton Spectator
$600: Loonie-related price hikes are wiping out bargains at the gas pump  The Globe and Mail
RBC forced to scrap fee changes after backlash
Consumer advocates rejoiced after Royal Bank of Canada backed down on proposed fee changes that would have potentially charged consumers for the privilege of paying credit-card bills and their mortgages.
RBC backs down on fees 2:11  CBC.ca
Royal Bank backs off on fee change for payments after client feedback  Toronto Star
Producer of Energy TV ordered to pay $400000
Neil Chandran and companies including Energy TV have been fined $400,000 by the Alberta Securities Commission for illegally selling securities.
TV producer fined $400K, banned from selling securities in Alberta  The Globe and Mail
Alberta securities regulator fines TV producer Neil Chandran $400K  Brandon Sun
The close: North American markets flat ahead of US holiday
After a weak start to the day, North American stock markets closed mostly flat ahead of the U.S. Memorial Day holiday weekend. The S&P/TSX composite slipped 2.85 points to 15,200.76.
North American markets flat ahead of US Memorial Day holiday weekend  Lethbridge Herald
TSX jumps despite dipping energy stocks  CTV News
Cold winter helps to increase Hydro-Quebec Q1 profit to $1.8 billion
MONTREAL - Profits at Hydro-Quebec increased 2.2 per cent to $1.79 billion in the first quarter as the provincially owned electricity producer was helped by very cold winter temperatures.
Hydro-Quebec posts $1.8 billion first-quarter profit  CJAD
Loblaw issues recall in Atlantic Canada after metal found in potatoes
The Canadian Food Inspection Agency has announced a recall on some potatoes sold in Atlantic Canada after police received complaints of nails found in some products.
Loblaws issues recall after metal objects found in Atlantic Canada potatoes  CBC.ca
Loblaws recalling Russett potatoes  Toronto Sun
Mayor Gregor Robertson proposes speculation tax on real estate
Could a speculation tax be the key tool to cool down Metro Vancouver's hot housing prices? In an unexpected move, Vancouver Mayor Gregor Robertson on Friday said he is calling on the provincial government to take direct action on the region's ...
Bob Rennie calls for more condos, plus a speculation tax  The Vancouver Observer
Speculation tax proposed as one solution to Vancouver housing affordability  Vancouver Sun
Oil spill could cost Vancouver $1.2 billion: report
Crews on spill response boats work to contain bunker fuel leaking from the bulk carrier cargo ship Marathassa, second right, on Burrard Inlet in Vancouver, B.C.
Major oil spill could cost Vancouver economy $1.2 billion: study  Vancity Buzz
Major oil spill could cost Vancouver economy $1.2 billion: city report  Vancouver Sun
Business strategist says Vancity millennial housing report overblown
VANCOUVER (NEWS1130) - A few days ago, a Vancity report warned that too many young, educated professionals are leaving Metro Vancouver, pushed out by the high price of housing and stagnant wages.
Vancouver real estate prices pushing millennials to leave city: report  CBC.ca
Why Vancouver house prices could trigger a labour shortage  CTV News