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Canadian markets news

Market not sold on Cenovus Energy Inc's $17.7B acquisition, as shares plummet
Investors drove shares in the Calgary-based energy producer down more than 13 per cent on Thursday, after the company announced a blockbuster $17.7 billion deal to buy assets from ConocoPhillips late on Wednesday.
Cenovus shares tumble following $17.7B deal to buy Conoco's Canadian oil ...  Calgary Herald
$17-billion Cenovus deal likely to be last oilsands blockbuster, analysts say  Toronto Star
CBC.ca  
TD CEO defends sales practices, denies any 'widespread problem'
Toronto-Dominion Bank's chief executive officer sought to reassure investors that the bank does not have “a widespread problem” with aggressive sales practices, even as the bank enlists outside advice to help steer an ongoing internal review.
TD denies 'widespread problem' with aggressive sales tactics, but ...  Financial Post
TD Bank reviewing sales practice concerns: CEO  CTV News
GUNTER: Premier Rachel Notley has made Alberta companies low-hanging fruit
notley Alberta's New Democrat government is following its Ontario Liberal counterparts into the money pit of “green” energy, according to Lorne Gunter.
Trade tiff: Alberta premier checking if Saskatchewan's Wall breaking rules  TheChronicleHerald.ca
Saskatchewan Premier Brad Wall says he's not in violation of trade ...  Globalnews.ca
Ford to soon open centre for new car technology and driverless cars in Kanata
Business leaders in Ottawa are celebrating the announcement of a new cutting-edge research centre in Kanata that will focus on new car technology, including autonomous vehicles, and add close to 300 jobs in the capital.
Critics denounce federal, provincial 'handout' to Ford's ...  Toronto Sun
Ford, BlackBerry cap six months of secretive dealings with shift of Ottawa ...  Ottawa Citizen
Trudeau defends Bombardier aid after executive compensation rose last year
BRAMPTON, Ont. -- Prime Minister Justin Trudeau and Quebec Premier Philippe Couillard were peppered with questions Thursday about their aid packages for Bombardier after the company's senior executives saw their compensation rise by nearly 50 per ...
Bombardier should consider public anger over pay raises: minister  Reuters Canada
Bombardier under fire for $32.6M US given to executives while taking ...  CBC.ca
Canadian court approves bid for Trump tower in Toronto
TORONTO -- A Canadian judge on Thursday approved the sale of the Donald Trump-branded Toronto hotel and condo tower to its main debt holder after no other bids were submitted for the troubled building.
Court approves stalking horse bid for Trump Tower in Toronto  Reuters
Will taxing Toronto's 65K vacant homes help affordability? Mayor John Tory ...
Mayor John Tory is asking city staff to investigate the impact of taxing homes that sit vacant as a way of making more homes available and cooling Toronto's red-hot real estate market - an idea the provincial finance minister seems open to as well ...
John Tory floats notion of Toronto vacancy tax to curb speculators  The Globe and Mail
City, province eye tax on unoccupied homes  Toronto Star
Via Rail's $150 passes for unlimited travel sold out
A day after the sales website crashed due to overwhelming demand, Via Rail says its $150 passes for unlimited travel across Canada for the month of July are now sold out.
Via Rail youth passes sold out after high demand interrupts sales  Toronto Star
Via seat sale sells out, crashes site  Winnipeg Free Press
The clues and hints that CIBC would return with a higher offer for PrivateBancorp
Along the way, there have been some clues, the odd bit of news, some signs that indicated a new deal was being worked on - but until Thursday there was nothing definite that CIBC was re-interested in acquiring Chicago-based PrivateBancorp.
CIBC boosts takeover offer for PrivateBancorp to more than $6B  CBC.ca
CIBC's bid for PrivateBancorp; Chip Wilson's war of words; TD's ...  The Globe and Mail
Hydro One CEO's $4.5M salary won't be reduced to help cut electricity costs
The $4.5 million in pay received by Hydro One's CEO is not a factor in the government's plan to cut electricity costs for consumers, an Ontario cabinet minister said Thursday amid opposition concerns about the executive's compensation.
Hydro One CEO's $4.84M salary won't affect promised 25% cut to hydro ...  Toronto Star
Only some hydro polls matter to government  The Sudbury Star