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Canadian markets news

Ottawa's wireless industry meddling failed consumers, reports finds
A think tank is urging the federal Liberals to abandon the Harper Conservative's hands on approach to the wireless industry. By Michael LewisBusiness Reporter.
Broadband Spectrum Sell-Off Might Have Made Canadian Wireless Bills More ...  Huffington Post Canada
Competition, not regulation, should drive Canada's broadband rollout ... (subscription) (press release) (registration) (blog)  
National Bank warns of more energy loan losses
For the second time this week, a Canadian bank has dramatically raised its estimate of how much money it will lose because of soured loans to the struggling oil and gas sector, surprising analysts as the banks get ready to report their second quarter ...
National Bank to take $183M writeoff on oil and gas sector loans
Oil pain mounts as second Canadian bank gives early warning of higher credit ...  Financial Post
Asian shares languish at one-month low ahead of US payroll data
TOKYO/SINGAPORE (Reuters) - Asian shares wallowed at one-month lows on Friday as investors braced for the U.S. April payrolls report after jobless claims data raised doubts over the seemingly rosy employment picture.
The Latest: Asian shares trend lower ahead of US jobs report  Winnipeg Free Press
Nikkei stumbles as strong yen, weak earnings outlook take toll  Reuters
Telus sells part of international unit for $600 million, reports lower profit
VANCOUVER -- Telus Corp. has agreed to sell 35% of its international call-centre and outsourcing subsidiary to an Asian private equity firm and expects to receive about $600 million in proceeds from the deal.
Telus boosts balance sheet with stake sale in international unit; profit slips  The Globe and Mail (subscription)
TELUS Announces Baring Private Equity Asia to Acquire 35 Per Cent Stake in ...  Stockhouse
Oil falls as investors cash in on month-long gains
Oil prices fell on Friday as investors cashed in on a 20-per cent rise over the past month, outweighing the impact of crude production cuts in Canada where a huge wildfire has disrupted oil sands operations.
Oil prices fall as strong dollar outweighs supply disruptions  Reuters Canada
Oil jumps as Canada fire, Libya violence unleash supply fears
Just add hot sauce to green bin: City
Has your new green bin fallen prey to hungry critters? Email us at or call 416-947-2211. Just put a little hot sauce on it.
Toronto investigating new green bin with hole in it  Toronto Star
Are raccoons and squirrels working together to gain access to Toronto's ...  MetroNews Canada
Dan Barnes: Mayor says rodeo association wants all the bucks, so Edmonton opts out
Caleb Bennett rides Starburst in the bareback riding event at the Canadian Finals Rodeo at Rexall Place in Edmonton on Nov. 11, 2015.
City of Edmonton's decision not to submit CFR bid leaves event homeless ...  Edmonton Sun
Edmonton won't try to lasso more Canadian Finals Rodeo events: mayor  Vernon Morning Star
Nova Scotia shouldn't push to control salaries for judges, critics say
The Nova Scotia chapter of the Canadian Bar Association says proposed changes to the way salaries and benefits for judges are set threatens judicial independence.
Nova Scotia towns to get flexibility with commercial property rates under bill  Montreal Gazette
Nova Scotia veto over judges' salaries doesn't compromise ...  Winnipeg Free Press
OGC issues final approvals for Coastal GasLink
The site of LNG Canada's proposed facility would be located on 400 hectares of land in Kitimat. The 670-kilometre Coastal GasLink pipeline would bring gas from the Groundbirch area to the project for export to Asian markets.
Coastal GasLink Pipeline Project Receives All Remaining BC Oil and Gas ...  Stockhouse
TransCanada Corp. to refile Columbia merger paperwork  Akron Beacon Journal (blog)
Taxman wants Royal Bank's Panama Papers client list
Minister of National Revenue seeks to compel RBC to provide information on clients with links to Panamanian law firm at heart of global offshore tax-haven scandal.
Canada's RBC confirms to release files linked to 'Panama Papers' ...  Reuters Canada
CRA goes to court seeking information on RBC clients linked to Panama Papers  Toronto Sun