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Canadian markets news

RBC economist predicts home price declines in 2016 as rates rise
An economist at Canada's biggest bank says home prices could start falling in 2016 if interest rates return to more normal levels.
RBC forecasts housing market will cool in 2015 if interest rates rise
Canadian Housing Market To Cool Down In 2015 If Interest Rates Rise: RBC  Huffington Post Canada
Wall Street Journal   Related articles »  
Sears Canada widens Q2 loss to $21.3 million, same store sales drop 6.8 per cent
Commuters walk past a Sears store in Toronto on Thursday April 25, 2013. Sears Canada Inc. reported a net loss of $21.3 million, or 21 cents per share, in the second quarter, compared to a profit of $152.8 million, or $1.50, in the same period last year.
UPDATE 1-Sears Canada reports loss, revenue slides 12 pct  Reuters
Sears Canada suffers widening loss, as severance costs kick in  Toronto Star
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TSX hits new all-time high
Canada's benchmark stock index hit a new all-time high of 15,561 on Wednesday, buoyed by higher commodity prices and despite some shaky corporate profits.
CANADA STOCKS-TSX hits record high after Fed comment  Reuters
TSX hits record high after Fed comment  Reuters Canada
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Target sees signs of progress, but cuts outlook for year [Star Tribune ...
Executives sounded upbeat about a strong start to the back-to-school shopping season Wednesday as they discussed the retailer's latest quarterly results.
Target reports 62% drop in earnings, cuts profit forecast  Los Angeles Times
How Target strayed deep into the red in Canada  The Globe and Mail
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US stocks end mostly higher despite cautious Fed words
U.S. stocks closed higher on Wednesday, 20 August 2014 shaking off a dip that came after Federal Reserve minutes indicated that policy makers talked at their last meeting about a sooner-than-anticipated hike to interest rates.
Fed Officials Prepared for Faster Rate Increase as Data Improve  Bloomberg
US stocks mostly up
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Rescued yearling grizzly cub returns to the wild
Littlefoot, a grizzly yearling, has been released back into the wild near Cranbrook, BC. He was found this spring severely underweight after being orphaned prior to hibernation last fall.
Orphaned yearling grizzly, fatter and fitter than when rescued, released ...  The Province
Orphaned grizzly released back into the wild as part of BC pilot rehab project  580 CFRA Radio
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Beer Store rejects claims of high beer prices in Ontario
Ontarians are paying more for beer than drinkers in Quebec thanks to the near-monopoly of the province's big-brewer-owned Beer Store, according to a study released by the C.D.
Grits dismiss call for more competition in Ontario booze sales
Evidence, ideology and alcohol sales  Hamilton Spectator
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Dr. Oetker buying McCain Foods pizza operations 0
London won't be Dr. Oetker's only North American pizza-making site after all. The company has signed a deal to buy the pizza operations of New Brunswick-based McCain Foods.
McCain Foods sells North American frozen pizza business to Dr. Oetker  The Telegram
McCain Foods sells North American frozen pizza business to Dr. Oetker, but ...  Financial Post
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BC wholesale trade dips slightly in June
British Columbia saw a drop in wholesale sales in June after three consecutive monthly gains, Statistics Canada announced August 20.
Canada wholesale sales rise 0.6 percent to $48.44B in June  Gant Daily
Canada June Wholesale Sales Beat Forecasts With 0.6% Gain  Businessweek
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Large sinkhole nearly swallows BMW in Scarborough
The sinkhole appeared outside of a home near Warden and Kennedy early this morning directly underneath the luxury SUV. The sinkhole stretched from the cars back bumper to the front tire and was several feet deep.
Scarborough sinkhole nearly swallows car  CANOE
Watermain break causes huge driveway sinkhole in Scarborough  680 News
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