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Canadian markets news

Sears Canada seeks reinvention as it falls to insolvency
The Sears Canada store located at the Erin Mills Town Centre in Mississauga, Ont., is shown on June 22, 2017. Fred Lum/The Globe and Mail.
Sears closure an opportunity for Garden City, says councillor  CBC.ca
Sears Home store in Sudbury to close - update  The Sudbury Star
Financial Post  
Home Capital gets investment, new $2B credit line from Warren Buffett's ...
A surprise injection of capital - and cachet - from the world's most famous investor appears to have marked a major “turning point” in embattled mortgage lender Home Capital Group Inc.'s bid to end a crisis of confidence.
How Warren Buffett struck the handshake Home Capital deal in just three days  The Globe and Mail
Magic wands and Trojan Horses: Bay Street weighs in on Buffett's move to ...  BNN
Billionaire Joe Segal's $63M Vancouver mansion up for sale
If you are searching for a place of your own to kick back and enjoy the view, Vancouver philanthropist and self-made billionaire Joe Segal may have a deal for you.
Prominent philanthropists Joe and Rosalie Segal list Point Grey mansion for ...  Vancouver Sun
The $63-million Vancouver mansion with a view  The Globe and Mail
TTC driver tests positive for on-duty drug use
It is the first time that a vehicle operator has been nabbed by the TTC's new random testing policy. Eight employees have failed tests so far.
First TTC vehicle operator fails random drug test  CTV News
Dream Office REIT selling Scotia Plaza stake, other assets for $1.7 billion  680 News
Police raid Canna Clinic marijuana dispensaries across Toronto
A total of 12 warrants were executed in Toronto, with seven targeting British Columbia-based Canna Clinics store front locations, including the Queen St. W., and another in Kensington Market.
Toronto police launch new raids on Canna Clinic marijuana dispensaries  MetroNews Canada
Raids on Canna Clinic pot shops in downtown Toronto  The South Bayview Bulldog
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.
Preparing for a possible LCBO strike  CHCH News
Union sets up strike headquarters outside LCBO head office days before deadline  Globalnews.ca
Subsidies for electric cars expensive and ineffective: 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.
MEI calls electric vehicle subsidies expensive and ineffective  PLANT
Electric vehicle subsidies: expensive and ineffective  Canada NewsWire (press release)
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 ups income assistance for Churchill recipients, works to mitigate ...  Thompson Citizen
Churchill's main retailer to stop subsidizing food prices on June 25  Yahoo News Canada (blog)
Canadian retail sales top April forecasts
Canadian consumer spending in April was stronger than expected, which economists say lends weight to the Bank of Canada's recent suggestions that interest rate hikes could be on the way.
Loonie strengthens on higher oil prices, solid retail sales data  The Globe and Mail
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 selling Infomart division  CBC.ca
Postmedia Announces the Sale of Infomart  Cantech Letter