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Canadian markets news

Fed's policy discord makes market uneasy
The next few months promise to be turbulent ones for financial markets, as investors adjust to Federal Reserve Chairman Ben Bernanke's insistence that they judge the course of monetary policy for themselves.
Bernanke Says Premature Tightening Would Endanger Recovery  Bloomberg
Fed's Varied Voices Leave Market Guessing  Wall Street Journal
New York Times   Related articles »  
Housing slowdown to worsen, cost 7500 jobs in Vancouver, mortgage group says
Almost a year after the federal government's latest tightening of the rules for insured mortgages, the association that represents mortgage brokers has come out with a dire assessment of the effect of those changes.
Don't be caught flat-footed when interest rates rise  Globe and Mail
Cooling housing market will cost us 150000 jobs, mortgage group warns  CBC.ca
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TSX edges up as Fed talk buoys golds, drags banks
By John Tilak. TORONTO (Reuters) - Canada's main stock index climbed on Wednesday, led by gold miners, after a day of choppy trading as optimism that the U.S.
Toronto Stocks Close Mixed; Miners Hold Gains  Wall Street Journal
CANADA STOCKS-TSX ends higher as Fed comments boost golds  Reuters
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1.3 million Montrealers face boil water advisory
Most Montrealers are being told they must boil their water before drinking it, a precaution after sediment was found in the water following renovations to a city reservoir.
Montreal residents warned to boil drinking water  BBC News
Boil water advisory remains in effect for most of Montreal  CTV News
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House Passes Keystone Bill as White House Vows Veto
The U.S. House of Representatives passed legislation to approve the Keystone XL oil pipeline, the eighth time congressional Republicans have advanced a measure promoting the project.
US House votes to force approval of Keystone pipeline  Reuters
Republicans aim to take Keystone XL decision out of Obama's hands  Calgary Herald
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Busy inner-city parking spots may soon cost more in Calgary
A council committee has accepted a plan to base inner-city parking rates on how popular parking is on any given street. The two-hour parking rates would also vary depending on the time of day.
New plan would see downtown parking rates rise, fall with demand throughout day  Calgary Herald
Lunchtime parking discounts planned for downtown Calgary this summer  MetroNews Canada
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New downtown tower could be 42 storeys tall: developers
Related Items. Articles. Developers to unveil plans for bold downtown tower. Two Ontario developers shed more light on an ambitious new high-rise development they want to build in downtown Winnipeg, including the possibility the main tower could be an ...
Winnipeg's tallest highrise to go up at Graham, Garry  CBC.ca
Details announced for new mixed-used highrise in downtown Winnipeg  CTV News
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SNC-Lavalin hit with rating downgrade
SNC-Lavalin Group Inc. has been hit with a downgrade from Standard & Poor's Corp., which warned of the risk of weaker profits in the wake of the engineering firm's corruption scandals.
S&P cuts SNC-Lavalin Group ratings to BBB, outlook negative  Reuters
SNC-Lavalin retains investment grade rating  Canada NewsWire (press release)
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Retail sales flat in March � but that's not necessarily a bad thing
If you said (a) when it's not really zero growth at all and (b) when it's accompanied by a drop in fuel prices, then you're finding all the right answers in Canada's March retail sales report.
Canada retail sales unchanged in March, gas prices a drag  Reuters Canada
Canada March Retail Sales Report (Text)  Bloomberg
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Sears Canada posts loss as demand dips for home products
(Reuters) - Department store chain Sears Canada Inc (SCC.TO: Quote) posted a loss in the first quarter compared with a profit last year, as demand for its home products and major appliances fell.
Sears Canada reports earnings loss, falling sales in first quarter  National Post
Sears Canada posts loss, sales fall  Globe and Mail
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