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Canadian markets news

Greece fails to make IMF payment as bailout expires
ATHENS, Greece -- Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund.
For Greeks, Referendum Poses Murky Choice Between Pain, Pride  Wall Street Journal
Greece pitches surprise last-ditch financial rescue plan as deadline passes  The Globe and Mail
CBC.ca  
Recession fears grow with latest GDP figures
OTTAWA - Concerns about a possible recession are growing after Statistics Canada said Tuesday that the economy contracted in April, marking the fourth consecutive monthly decline.
Decline in Canada April economic growth puts Q2 growth at risk  Business Recorder (press release) (blog)
John Ivison: New GDP numbers spell gloom for a PM whose only hope of re ...  National Post
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 to John Kerry: Alberta's new CO2 rules bolster case for ...  CTV News
Cenovus sells lands to Ontario Teachers' Pension Plan for $3.3-billion
Cenovus Energy Inc. has agreed to sell its mineral-fee-title lands and promised the buyer a slice of its future revenue in a multibillion-dollar deal that will inject much-needed cash into its coffers.
Cenovus sells royalty portfolio for $3.3B to Ontario Teachers Pension Plan  CBC.ca
Cenovus Sells Royalty Unit to Ontario Fund for $2.6 Billion  Bloomberg
Legacy Oil + Gas shareholders approve sale to Crescent Point
CALGARY, Alberta, June 30 Shareholders in Canadian energy producer Legacy Oil + Gas voted in favour of the company being acquired by Crescent Point Energy Inc on Tuesday, in a deal worth C$1.53 billion in shares and debt.
Legacy Oil's downfall shows debt's dark side  The Globe and Mail (subscription)
Crescent Point Energy & Legacy Oil + Gas Inc. Announce Closing of Legacy ...  MarketWatch
Mount Polley could reopen in July: mines minister
Less than a year after the Mount Polley tailings pond collapsed, spilling toxic waste water in central B.C. waterways, the mine could reopen as early as July, says B.C.
BC's Silvertip Mine, in the works since 1950s, gets building permit for ...  Calgary Herald
Mine could reopen in days  Castanet.net
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
Canadian Government Approves Cirque Du Soleil Sale
OTTAWA, Ontario - 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.
Federal government approves sale of Cirque du Soleil  Montreal Gazette
Canada Approves Sale of Cirque du Soleil Stake  Wall Street Journal
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 ...
CP Rail says Arbutus Corridor trains will roll in 'coming weeks'  CBC.ca
Trains to roll on Vancouver's Arbutus Corridor for first time since 2001  Times Colonist
BC campfire ban expanded to include Okanagan and Kamloops area, open fire ...
Three days after a campfire ban went into effect across parts of B.C.'s South Coast, the ban has expanded to include all the rest of the southern interior of the province to the Alberta border beginning this weekend.
Heatwave sets record, campfire ban put in place  Pentiction Western News
Stay Safe From Lightning Strikes During Thunderstorms  KamloopsBCNow