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Canadian markets news

Nikkei outperforms Asian stocks as Fed looms
By Ian Chua. SYDNEY (Reuters) - Japanese stocks rose on Wednesday, thanks to a positive lead from Wall Street plus a softer yen, outperforming the rest of Asia which anxiously seeks clarity on the Federal Reserve's next policy step.
Dollar Remains Higher Versus Yen Before Bernanke Comments  Bloomberg
Hints of Bernanke's departure add to Fed policy worries  Globe and Mail
New York Times   Related articles »  
Tim Hortons pressured by another US hedge fund
Tim Hortons Inc. - already dealing with slumping sales that it blames on the slow economy and $1 drinks at competitors - faces new pressure from a second U.S.
Tim Hortons pressed by a second hedge fund, shares jump  Toronto Sun
US hedge fund increases its Tim Hortons ownership stake to 5.5%  CTV News
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Verizon Says It's Considering Deal for Canada's Wind Mobile
Verizon Communications Inc. (VZ) has expressed interest in acquiring wireless carrier Wind Mobile, a move that would let the leading U.S.
A Verizon wireless store is shown in Del Mar, California June 6, 2013 ...  The Sudbury Star
Verizon eyes wireless entry as Ottawa aims to salvage competition  Globe and Mail
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Restaurant cap forges ahead in Parkdale
A move to cap the number of restaurants and bars on Parkdale's popular Queen Street strip has cleared its first hurdle and is gaining attention as a model for controlling growth in other downtown neighbourhoods.
Efforts to cap number of new restaurants in Parkdale spread to other ...  National Post
New Parkdale bylaw would restrict bars, nightclubs  CBC.ca
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Mountain Equipment Co-op retools its brand
VANCOUVER - No longer the �Gortex vortex� of outdoor retailing, Mountain Equipment Co-op has launched the first major rebranding since its founding to acknowledge that its customers are as likely to be engaging in yoga or paddle boarding as they are ...
Mountain Equipment Co-op changes its name to MEC  Toronto Star
Mountain Equipment Co-op rebrands to woo urban customers  Globe and Mail
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CFIA suspends licence of Edmonton's Aliya's Foods Ltd.
EDMONTON -- The Canadian Food Inspection Agency has suspended the licence of an Edmonton business over non-compliance of meat inspection regulations.
CFIA shuts down Aliya's Foods over meat concerns  CBC.ca
Edmonton's Aliya's Foods licence suspended over inspection issues  Edmonton Journal
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Millionaires in North America Regain Top Spot From Asia
North America reclaimed the top spot with the most millionaires last year, beating Asia as the world's ultra-rich pushed global wealth to a record high, according to a report by Cap Gemini SA and Royal Bank of Canada (RY).
With economy on the mend, very rich getting even richer  Globe and Mail
Wealth creation by entrepreneurs outpaces inheritances  Financial Times
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Executive shuffle at HBC worries investors
Hudson's Bay Co. is replacing its star president, Bonnie Brooks, with a company veteran in a surprise move that spooked investors, prompting a drop of more than 3 per cent in the stock price.
Bonnie Brooks gets a promotion at The Bay  Toronto Star
Bonnie Brooks steps aside as Hudson's Bay president to take on vice ...  Financial Post
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Wharncliffe Road South among 10 worst roads in Ontario
A London road has made the list of Ontario's Top 10 Worst Roads of 2013, based on a survey by the CAA. Wharncliffe Road South is the seventh worst, according to the auto club, and it may be costing drivers in the area more for repairs.
Toronto's Dufferin St. tops CAA survey of worst roads in Ontario  Toronto Star
Toronto's Dufferin Street named worst Ontario road again  CBC.ca
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Canada raises liability for offshore oil spills to $1-billion
The federal government will raise the bar for oil companies operating off the East Coast and in the Arctic, increasing the limit on their liability for environmental and other damage from a blowout or oil spill to $1-billion.
Newfoundland and Labrador's Hibernia oil platform. (Handout)  The Sudbury Star
Ottawa ups liability for offshore oil spills in Arctic, Atlantic waters to ...  Financial Post
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