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Canadian markets news

TSX moves off record high, tumbles 194 points amid earnings disappointments
TORONTO - North American stock markets had their biggest one-day tumble since early February on Thursday but analysts were hard-pressed to identify a single reason for the drop.
The close: Stocks clobbered as worries grow on multiple fronts  The Globe and Mail
Canada Stocks Fall From Record as Oil, Gold Drop on Global Rout  Bloomberg
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New leader for CIBC latest in upheaval of banks
Capping off one of the biggest periods of corner-office change to hit the country's financial sector in decades, the last unresolved succession plan at a major lender has been cleared up now that CIBC named Victor Dodig to lead the bank into the foreseeable ...
CIBC insider Victor Dodig to succeed Gerry McCaughey as chief executive in ...  Financial Post
CIBC Looks Inside for New Ceo, Promoting Dodig  Bloomberg
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IMF urges higher energy taxes to fight climate change
Looking at taxes as the most efficient way of dealing with environmental harm, IMF chief Christine Lagarde said that countries could begin implementing higher energy taxes even without the global agreement yet on climate policies.
IMF calls on Canada, others to raise carbon taxes, cut income taxes  Montreal Gazette
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Vaughn Palmer: Strike savings diverted, and LNG promise redefined
VICTORIA - When Finance Minister Mike de Jong scheduled a midsummer briefing in his office Thursday, the advance billing to reporters promised an update on the impasse with striking school teachers.
Apache's Kitimat exit deals blow to BC's LNG hopes  The Globe and Mail
Apache to sell Wheatstone LNG stake  Sydney Morning Herald
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Captain John's sold for $33501 � now the heavy lifting starts
Toronto entrepreneur James Sbrolla is a risk-taking investor in recycling and clean technology companies. Thursday he took his biggest gamble yet.
Sale of Captain John's restaurant approved, ending its tumultuous saga  National Post
Captain John's finally sold, will be removed from waterfront  CTV News
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BC chief Ron Giesbrecht's $1M pay 'very troubling,' minister's office says
A chief from a small First Nation in B.C. was paid nearly $1 million last year, according to documents disclosed by the band. Ron Giesbrecht of the Kwikwetiem First Nation is listed as the chief and economic development officer and was paid $914,219 in ...
BC chief's pay and expenses nears $1 million: online documents  Winnipeg Free Press
Harper government outraged that BC chief of tiny Coquitlam first nation ...  Vancouver Sun
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Construction set to begin on first phase of Ontario Place revitalization
The provincial government says it will start the first phase of its planned Ontario Place revitalization in the next few months. Minister of Tourism, Culture and Sport Michael Coteau says construction is expected to begin soon on the first phase of the project - a ...
Ontario Place revitalization plans  Toronto Sun
Provincial government releases plans for new Ontario Place waterfront ...  Canada.com
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All eyes on Friday's jobs numbers, as Canada rides U.S. 'coattails' to recovery
Canada and the United States have shaken off the shocks from severe cold conditions at the start of the year, which nearly halted growth in its tracks here, and actually reversed output by our biggest trading partner.
Alberta's Economy Sizzles. The Rest of Canada's Fizzles  Businessweek
Canada's economic growth stronger than expected in May  The Globe and Mail
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US law firms solicit Penn West investors for class action
More than half a dozen U.S. law firms have launched efforts to attract Penn West Petroleum Ltd. shareholders to class-action suits in response to the Calgary oil producer's revelation that it discovered accounting irregularities dating back more than two years.
Penn West Petroleum Ltd could face investors lawsuit after shares plunge on ...  Financial Post
Class action lawsuit against Penn West announced  Alberta Oil Magazine
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Bombardier CEO sees decision shortly on CSeries engine solution
Bombardier Inc. will soon decide whether a fix to the engine failure that halted flight tests of its CSeries jetliner can allow the plane take off again, Chief Executive Officer Pierre Beaudoin said.
Bombardier Inc says it will stick to CSeries timeline, but some analysts ...  Financial Post
Bombardier plans more job cuts, Russia plans intact  Reuters Canada
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