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Canadian markets news

Calgary home sales down 27% in August
Calgary home sales plunged in August compared with last year as weakness in the energy sector continued to weigh on the housing market.
House sales plunge in Calgary as energy sector job losses mount  The Globe and Mail (subscription)
Metro Vancouver detached home prices rise as proportion diminishes
The benchmark price of a single family detached home in Greater Vancouver jumped 17.5 per cent over the past year, partly because the supply has failed to keep pace with a growing population.
Greater Vancouver house prices jump 20 per cent to average $1.47-million  The Globe and Mail (subscription)
Single family homes limited in Vancouver's housing market  Am730 Vancouver Traffic News
How adult children are ruining their parents' retirement plans
Many parents are spending up to $500 a month to support adult children and it is eating into their retirement savings plans, a survey has found.
How boomerang kids are ruining their parents' retirement  Guelph Mercury
Op-Ed: Leeching kids, sapped parents & the parable of the financial cave  Digital Journal
Teachers-owned BayBridge to buy senior homes operator Amica
BayBridge Seniors Housing Inc., owned by Ontario Teachers' Pension Plan Board, is taking luxury senior homes operator Amica Mature Lifestyles Inc. private for $578-million.
UPDATE 2-Ontario Teachers'-owned BayBridge to buy senior homes operator ...  Reuters
Ontario Teachers' subsidiary to buy senior homes operator Amica Mature ...  Financial Post
Syncrude expected to return to normal rates around end of September
Canadian Oil Sands Ltd. is expecting the Syncrude oil sands development north of Fort McMurray, Alta., to return to normal production rates toward the end of the month.
Canada's Syncrude seen at 'minimal' rates until late September ...  Reuters Canada
Production Woes at Oil-Sands Giant Syncrude to Impact Full-Year Output  Wall Street Journal
Sears Canada sees turnaround momentum, even as search for new CEO continues
Tyler Anderson / National PostSears Canada can succeed as a retailer that fits in a niche between discount chains like Walmart and more upscale apparel and home goods retailer, says executive chairman Brandon Stranzl.
Sears Canada chairman upbeat about turnaround  Saskatoon StarPhoenix
Sears Canada faces tight turnaround to revitalize flagging business  The Globe and Mail (subscription)
Valeant will buy eye surgery device maker Synergetics
NEW YORK (AP) - Canadian drugmaker Valeant Pharmaceuticals said Wednesday it will buy eye surgery product maker Synergetics USA for as much as $192 million.
Valeant Pharmaceuticals global Inc to buy Synergetics USA Inc to  Ledger Gazette
GM smokestack demolition 'flawlessly executed,' says Jones Group Ltd.
Jones Group Ltd. used used hydraulic excavators to demolish the smokestack at the former GM transmission plant on Tuesday around 3 p.m.
Jones Group explains surprise demolition of GM smokestack  CTV News
Company defends take-down of old GM smokestack  Windsor Star (blog)
Canada oil industry says price drop makes new pipelines essential
CALGARY, Alberta (Reuters) - Tumbling crude prices have made building new pipelines more important than ever for Canadian oil and gas producers because the fate of some projects hinges on shipping costs, the head of the industry's main lobby group ...
Don't despair about Alberta's energy layoffs, headhunter tells job ...
Alberta Oilpatch Layoffs Total 35000, Says CAPP  Huffington Post Canada
Bublcam changes structure as Samsung gets on board
TORONTO - Bubl Technology Inc., the developer of Bublcam 360-degree cameras, is making changes to its executive structure after securing $4.6 million from a team of investors that includes technology giant Samsung.
Bubl's Spherical Video Camera Gets Samsung Backing  TechCrunch
Bubl raises $4.6 million seed round, Sean Ramsay steps down as CEO  BetaKit