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Canadian markets news

Etch A Sketch sold to Toronto toy company Spin Master
A Canadian toy company is drawing up new plans for a classic children's plaything after buying the rights to the Etch A Sketch brand from its U.S.
Etch A Sketch sold to Toronto-based Spin Master by Ohio Art Co.  The Daily Courier (subscription)
Etch A Sketch sold to Toronto toy firm  Toronto Sun
Hamilton Spectator  
At the open: TSX rises as oil prices rally
Canada's main stock index rose on Friday as crude oil prices rallied and after U.S. retail sales data provided encouragement. The Toronto Stock Exchange's S&P/TSX composite index was up 149.89 points, or 1.24 per cent, at 12,237.26, shortly after the open.
North American stock markets begin Friday with step up; gold down, oil up  CTV News
Premarket: Stocks nudge higher as global sell-off takes a breather, oil rises
Relative calm returned to world markets on Friday after a hurricane-force week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold.
US stocks open higher as oil rebounds, banks rise  Brandon Sun
Asia's Rich Advised To Buy Yen  MarketPulse (blog)
Poll suggests support for a regulated Uber
TORONTO - An Angus Reid Institute online poll has found that most respondents don't support banning Uber, but would like to see the ride-hailing service regulated like much like the taxi industry.
Nearly two-thirds of Canadians say Uber have same regulations as taxi ...  Canadian Underwriter
Cenovus to sell up to $5-billion in securities amid oil slump
Canadian oil producer Cenovus Energy Inc. said it may sell up to $5-billion of stock, debt or other securities, a day after it announced a dividend cut, as the company shores up its balance sheet amid a slump in oil prices.
Cenovus Energy Inc slashes dividend, cuts spending and jobs as loss deepens ...  Financial Post
Cenovus signals more job cuts ahead as it plans to cut spending further  CBC.ca
Bombardier says it's won contract for Edmonton LRT
EDMONTON - Bombardier Transportation says it has won a contract for the new Valley Line light rail transit project in Edmonton. Bombardier says its $391 million contract will include the design and supply of the LRT cars, signalling, communications ...
Bombardier Transport secures $391-million Valley Line LRT contract  630ched.com
Bombardier secures $391M Edmonton LRT contract  CanadianManufacturing.com
Weak economy slowing thirst for beer in some provinces: Molson Coors
MONTREAL -- Molson Coors Brewing Co. says a sluggish economy and higher food prices are affecting beer drinking in Canada's oil-rich provinces.
Molson Coors says low results due to slow economy and high food prices  Globalnews.ca
TransCanada reveals job cuts hit about 10% of its work force
TransCanada Corp. has revealed that job cuts hit about 10 per cent of its work force late last year, and the company's executives say layoffs at the pipeline and power company might not be over yet.
Energy east: when pipeline meets identity politics  CTV News
Pipeline giant explores new strategy to win social license, after posting ...  National Observer
Time inc bought MySpace for some reason
Internet users of a certain vintage certainly remember MySpace but its alarming to note that it originally launched in 2003 and reached its zenith in 2008, just when Facebook was on the rise.
Magazine publisher Time Inc. buys what's left of MySpace  Globalnews.ca
Myspace still exists? Yes, and now Time Inc. owns it  Montreal Gazette
Canadian Pacific pursues merger talks with Norfolk Southern
Omaha, Neb.– Canadian Pacific's Chief executive officer (CEO) remains focused on merging with Norfolk Southern railroad because he believes the potential benefits are compelling, but he's ready to abandon it if shareholders don't support it.
Canadian Pacific creates website to argue for rail merger  The Daily Courier (subscription)