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Canadian markets news

FedEx Office stores closing in Canada at the cost of 214 jobs
TORONTO -- Shipping giant FedEx is closing its FedEx Office stores in Canada after 32 years in the country. Spokeswoman Stacey Sullivan says FedEx Office will close its 24 stores, a manufacturing plant in Markham, Ont.
FedEx closing all retail office stores in Canada  CBC.ca
FedEx closing all Office Print and Ship Centres in Canada  News1130
BlackburnNews.com  
Liquidation starts Saturday for Windsor's Sears Home store
Bargain hunters have to wait another day for deals at the Sears Home store in Windsor. Sears Canada had announced that liquidation sales would start Friday across the country.
Gasoline prices pull Canada's annual inflation lower again, to 1.0% in June  Globalnews.ca
Sears Canada liquidation sales begin at 54 locations across the country  Financial Post
BC Hydro CEO Jessica McDonald fired
The BC Hydro board of directors has fired CEO Jessica McDonald as the new NDP government continues to make changes after being sworn into office earlier this week.
Head of BC Hydro replaced as NDP government prepares review of Site C  The Globe and Mail
Jessica McDonald leaves role as BC Hydro CEO  Business in Vancouver
A big clue on where Bank of Canada rates go from here comes out today
Economists say undershooting inflation is the biggest risk to monetary policy and Stephen Poloz gets his first scorecard today. National Post.
As loonie nears 80 cents, speculators finally turn bullish  The Globe and Mail
What slow inflation could mean for interest rates  Macleans.ca
Kathleen Wynne defends Hydro One purchase of US utility that owns coal plant
Coal-burning plants are banned in Ontario and Wynne says now the province can take that influence elsewhere. Smoke rises from the Colstrip Steam Electric Station, a coal burning power plant in Colstrip, Mont.
Reevely: Hydro One's new coal plant gives Ontario a chance to spread its ...  Ottawa Citizen
Ontario back in coal burning business  Toronto Sun
Metrolinx opts out of legal battle with Bombardier over light-rail vehicle order
Metrolinx has decided against appealing a judge's ruling that blocked the transit agency from its bid to drop a $770-million contract with Bombardier.
Metrolinx drops appeal of court decision over Bombardier contract  The Globe and Mail
Metrolinx abandons court appeal but won't let Bombardier bid to operate ...  CityNews
Encana and Husky post diverging results amid oil price slump
CALGARY • Shares in Husky Energy Inc. tumbled while Encana Corp. jumped after the two competing energy companies released divergent earnings results Friday.
This Oil and Gas Company's Revenue Almost Tripled in its Latest Earnings  The Motley Fool Canada
Encana reports US$331M profit on earlier than expected 'production ...  Winnipeg Free Press
Musk says he has verbal US government to build high-speed tunnel
Billionaire entrepreneur says New York to Washington tunnel could break ground by the end of this year. July 21, 2017. The Canadian Press by CP Staff.
NY to DC in 29 minutes? Musk says he has verbal OK to build Hyperloop  WPXI Pittsburgh
Hyperloop technology will revolutionize transportation, but it has to get ...  CBC.ca
The close: TSX falls as oil price slide weighs on energy stocks
Canada's main stock index fell on Friday, as its heavyweight energy group led a broad retreat with oil prices sliding after a consultancy forecast higher OPEC production in July and its biggest banks also lost ground.
Most actively traded companies on the TSX  Financial Post
TSX tumbles on energy stocks as loonie nears 80 cents  CTV News
Ontario businesses want corporate tax cut to offset $15 minimum wage
Ontario business groups are now asking the provincial government to cut corporate and small business tax rates if the minimum wage is increased as the Liberals propose, CBC News has learned.
Protecting vulnerable workers a must for modernizing Ontario's economy ...  Toronto Star
Groups weigh in on Ontario labour reforms on last day of public consultations  The Globe and Mail