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Canadian markets news

Bombardier expects tough 2016 before transformation hits stride by 2020
MONTREAL -- Bombardier has warned of another challenging year in 2016 before its efforts to reverse the company's fortunes -- including cost-cutting efforts and shifts in production to low-cost centres -- come to fruition by 2020.
Bombardier close to winning CSeries certification: sources  Reuters Canada
Bombardier sees lower profit, revenue in 'difficult' transition year  The Globe and Mail (subscription)
Canadians getting education, but not the skills to drive growth: CIBC
OTTAWA -- The head of one of Canada's largest banks says the country's post-secondary institutions are not producing enough graduates with the right skills to drive future economic growth.
Canada must reshape economy to escape slow-growth future, CIBC CEO says  The Globe and Mail (subscription)
Canada must tailor post secondary programs to boost economic growth: CIBC  Cape Breton Post
TSX rises on strength in resource stocks
TORONTO (Reuters) - Canada's main stock index closed higher on Tuesday as strength in energy and materials stocks offset losses in other sectors such as telecoms and industrials.
Commodities boost TSX; US indexes reflect geo-political worries  Montreal Gazette
CANADA STOCKS-TSX rises on solid gains for resource stocks  Reuters
US economy's Q3 expansion revised upwards
WASHINGTON • The US economy expanded at a faster pace in the third quarter than previously reported, reflecting a smaller hit from efforts to rein in bloated inventories.
US economy grew at 2.1% in Q3, setting stage for Fed hike
US revises up Q3 growth, while Europe flashes mixed signals  Christian Science Monitor
Fort York cyclist, pedestrian bridge to cost $19.7M
The City of Toronto will shell out nearly $20 million for a pedestrian and cyclist bridge by the Fort York grounds. Plans for the bridge were released Tuesday, with construction expected to begin in Spring 2016.
Once-dead Fort York pedestrian bridge ready to rise  MetroNews Canada
Toronto unveils plans for $19.7M pedestrian-friendly bridge at Fort York
UPDATE 5-Pfizer to buy Allergan in $160 billion deal
(Add Donald Trump comment, closing stock prices). By Ransdell Pierson and Bill Berkrot. NEW YORK Nov 23 Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S.
Business Highlights  ABC News
Activist investor Bill Ackman adds stake in controversial Valeant Pharmaceutical
MONTREAL—Bill Ackman's Pershing Square Capital Management has increased its stake in embattled drugmaker Valeant Pharmaceuticals International Inc. The investment manager disclosed in its latest regulatory filings that it now has a 9.9 per cent in the ...
Bill Ackman raises Valeant stake to 9.9% in show of commitment to embattled ...  Financial Post
Valeant Shareholders Get A Chance To Get Out  Seeking Alpha
BC trims 2015-16 budget surplus by $12-million
British Columbia on Tuesday again revised its budget surplus for fiscal 2015-16, to $265 million , trimming $12 million from a forecast it made in September.
British Columbia trims 2015-16 budget surplus forecast  Reuters Canada
Canada's British Columbia trims 2015-16 budget surplus forecast  Reuters
Vestra Inet apologizes for 'offensive' job posting seeking female receptionist
Vestra Inet, a Canadian web design company whose job posting for an SEO specialist went viral this week, has apologized for its wording that many on social media deemed sexist.
"Female candidates preferred": Sexist job advert on LinkedIn ...
Company forced to take down sexist receptionist ad after it provokes ...  Irish Examiner
Housing Prices Inch Up, No Sign Of Peak
The U.S. housing market has not lost momentum. The S&P/Case-Shiller U.S. National Home Price Index showed an increase of 4.9 percent in September, up from a 4.6 percent increase in August.
Real Home Prices Could Take 17 Years to Return to Peak  Wall Street Journal (blog)
Metro home prices slow; affordability a worry  Atlanta Journal Constitution