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Canadian markets news

UPDATE 2-Canada GDP shrinks, stirring talk of another rate cut
(Adds reaction, Canadian dollar sinking). By David Ljunggren. OTTAWA Jan 30 (Reuters) - Canada's economy unexpectedly shrank by 0.2 percent in November, prompting market talk that the Bank of Canada will cut interest rates in March for the second time ...
Canada November GDP Shrinks on Biggest Factory Drop in Six Years  Bloomberg
Canada GDP shrinks on biggest factory drop in six years  Financial Post
Toronto Star  
CIBC lays off workers as banks face slowdown in consumer borrowing
TORONTO - Canadian Imperial Bank of Commerce (TSX:CM) has become the latest Canadian bank to trim its head count as it looks for ways to improve efficiency at a time when all of the country's top lenders face a slowdown in consumer borrowing.
CIBC confirms job cuts  CBC.ca
CIBC to cut about 500 jobs  Toronto Sun
Canadians set to jump on home buyer bandwagon amid lower rates
Canada's housing market is already seeing the impact of falling interest rates, with nearly half of Canadians telling a new survey that they are planning to buy a home in the next five years and more than 15 per cent saying cheaper mortgage rates will allow ...
RBC, BMO, TD hit with Barclays downgrade as bank stocks face worst start in ...  Financial Post
Barclays downgrades 4 Canadian banks: BMO, Laurentian, RBC, TD  CBC.ca
Ottawa ran surplus in November, on track for small deficit for year
The federal government ran a small surplus in November and is on track to post a significantly smaller deficit for the current year than the year before.
Canada posted C$622 million budget surplus in November  Reuters Canada
Ottawa reports $3.3B deficit for first eight months of 2014-15 fiscal year  Castanet.net
TSX lower, loonie falls amid slowing Canadian/US economic growth numbers
TORONTO - The Toronto stock market was lower Friday amid an unexpected decline in Canada's economy in November and a rating downgrade covering many of Canada's big banks.
Why another Bank of Canada rate cut could benefit stocks  Financial Post
TSX slips as US economic data drags  Reuters Canada
RPT-UPDATE 1-IMF says Canada's economy to keep growing despite oil drop
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IMF urges Ottawa to be cautious while fighting its deficit  The Globe and Mail (subscription)
IMF says Canada's economy to keep growing despite oil drop  Reuters Canada
Tim Hortons confirms 350 layoffs as workers say they were blindsided
Two days after news of mass layoffs at Tim Hortons broke, the company finally confirmed late Thursday how many people were laid off, telling CBC News that about 350 lost their jobs this week.
With layoffs mounting in a worsening economy, company executives need to ...  Calgary Herald
Tim Hortons cuts 350 staff at headquarters, regional offices  Hamilton Spectator
Jones to 'wind down' operations at Bristol Township site
Jones New York's decision to close its retail stores and wind down its wholesale business will impact its operations in Bucks County.
Fashion retailer Jones New York to close stores  Straight.com (blog)
Jones New York Closing All Stores, Future Looks Grim  Racked National
Devonshire Mall Under New Ownership
Devonshire Mall has been sold but it's business as usual for Windsor's largest shopping centre. The mall was sold by previous owner and property manager Ivanho� Cambridge to the Healthcare of Ontario Pension Plan, or HOOPP, for a transaction price tag ...
Devonshire Mall ownership transferred  Windsor Star (blog)
Ontario health-care pension fund buys Ivanhoe Cambridge's half-share of ...  Winnipeg Free Press
Exclusive: Greece opposes Canadian gold mine, to scrap gas utility sale
ATHENS (Reuters) - Greece's new left-wing government will cancel plans to sell the state natural gas utility and is firmly opposed to a Canadian-run gold mine that is among the biggest foreign investment projects in the country, the energy minister told ...
Eldorado Gold Says It's Business as Usual at Greek Mine  Bloomberg
New Greek govt. 'absolutely against' Eldorado Gold mine, shares dive  MINING.com