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Canadian markets news

Eurozone ministers to weigh Greece's latest bid for aid
ATHENS, Greece - Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it ...
Euro slips after Greece misses IMF repayment deadline  Reuters
Greece's bailout expires, country defaults on IMF payment  The Hindu
The Globe and Mail  
Canada Surprise April Contraction Opens Door to 2nd Rate Cut
Canada's economy shrank for the fourth straight month in April as oil and mining slumped and a rebound in manufacturing remained elusive, opening the door to a second interest-rate cut from the central bank this year.
Decline in Canada April economic growth puts Q2 growth at risk  Business Recorder (press release) (blog)
Recession Threat Looms As Canada's Economy Shrinks For 4th Month In A Row  Huffington Post Canada
Canadian government approves Cirque du soleil sale to group headed by US ...
OTTAWA—The Canadian government has approved the sale of Cirque du soleil to a group headed by a U.S. private equity firm and its Chinese partners.
Cirque du Soleil sale to American, Chinese private equity firms gets approval  CBC.ca
Business Watch  Wall Street Journal
Greece financial crisis: IMF loan repayment deadline passes with no deal
Greece has missed the deadline to make a €1.6-billion ($2.2 billion Cdn) payment to the International Monetary Fund, putting it in default on its debt.
Rupee falls against dollar  Economic Times
Greece defaults on debt: IMF  Sydney Morning Herald
New emissions standards bolster case for Keystone approval: TransCanada
TransCanada Corp. is making another pitch to the Obama administration for approval of the long-delayed Keystone XL pipeline, citing, among other things, the tougher carbon-emission regulations imposed by Alberta's New Democratic government.
New CO2 rules should aid Keystone XL approval, TransCanada says  Reuters
TransCanada touts tough new laws  TheChronicleHerald.ca
Legacy Oil's downfall shows debt's dark side
For the oil patch, the legacy of Legacy may be a much greater wariness of debt. At least for a while. Legacy Oil + Gas's debt-heaviness against a backdrop of collapsing crude prices led the energy producer into the arms of Crescent Point Energy in a ...
Crescent Point Energy & Legacy Oil + Gas Inc. Announce Closing of Legacy ...  MarketWatch
Legacy Oil + Gas shareholders approve sale to Crescent Point  Reuters UK
US attempts to seize $34M in bribery case involving Calgary company
The U.S. Department of Justice is attempting to seize the proceeds of a bribe paid by a Canadian energy company to two Chadian officials.
US seeks $34 million for Griffiths Energy bribe scheme of Chad diplomat  Reuters Canada
US Seeks Assets From Alleged Bribes Paid to Chad's Former Ambassador  Wall Street Journal (blog)
CP train cars returning to Arbutus corridor tracks
Canadian Pacific has revealed plans to bring rail cars back into the Arbutus corridor for the first time since 2001. The railway company sent letters to Vancouver residents living along the corridor alerting them that it's ready to restart operations ...
Trains to begin moving along Arbutus Corridor for the first time since 2001  News1130
CP Rail says Arbutus Corridor trains will roll in 'coming weeks'  CBC.ca
Transit terminates contract for e-fare collection system
Calgary Transit will be going back to the drawing board to find an electronic fare collection system for the city after a second attempt to bring CONNECT to riders failed to meet reliability targets.
Calgary gives up on Connect card, wants $5M back  CBC.ca
Updated: Calgary Transit cancels Connect card, vows legal action to recover ...  Calgary Herald
Southeast Fire Centre issues campfire banned beginning Friday at noon
Southeast Fire Centre is advising that effective at noon Pacific Time on Friday, July 3, 2015, campfires will be prohibited throughout the region to help prevent human-caused wildfires and protect public safety.
Lightning strikes lighting up B.C. forests  Cloverdale Reporter
BC campfire ban expanded to include Okanagan and Kamloops area, open fire ...  CBC.ca