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Canadian markets news

Galen G. Weston succeeds father as CEO of George Weston Ltd.
Galen G. Weston has been appointed CEO of George Weston Ltd., a company that his father led for decades before stepping aside last year as part of a staged succession plan at the company that controls the Loblaw grocery business.
George Weston Limited and Loblaw Companies Limited Announce Management ...  The Province
The trouble with billionaires masquerading as populists: McQuaig  Toronto Star
Reuters Canada  
Canada's factory sales rebound, climb 1.5 per cent in November
Canadian manufacturing sales rebounded in November, jumping by 1.5 per cent from October on increases in the primary metal, petroleum and coal industries, Statistics Canada said on Thursday.
Canada: Monthly Survey of Manufacturing, November 2016  MarketPulse (blog)
Manufacturing sales rebound in November, up 1.5%  BNN
Hunter Harrison steps down at CP to join push for change at US railroad
Hunter Harrison is leaving Canadian Pacific Railway Ltd. more than five months ahead of schedule, and the bombastic 72-year-old executive appears to be vying for a job at a major U.S.
CP's revenue, Prairie grain handle down for year  Manitoba Co-operator
Canadian Pacific CEO's early departure sends CSX shares soaring  Yahoo Finance
Bank of Canada governor Stephen Poloz says rate cut remains on table
The Bank of Canada Governor Stephen Poloz said Wednesday he's prepared to cut interest rates if new U.S. protectionist measures derail the Canadian economy.
Trump trepidation at Bank of Canada  Hamilton Spectator
Loonie down more than a cent after Poloz leaves door open to rate cut  CBC.ca
Starwood to buy Canada's Milestone Apartments in $2.9-billion deal
A unit of private investment firm Starwood Capital Group said it would buy Canada's Milestone Apartments Real Estate Investment Trust in a deal valued at about $2.85-billion.
Milestone Apartments REIT to be Acquired by Starwood Capital Group  The Province
Starwood to Acquire Milestone Apartments in $2.85 Billion Deal  Bloomberg
Debt with dishonour
Better sit down. Pull up a chair at the kitchen table, you and your spouse and the two kids. Keep everyone away from sharp objects.
Quebec's debt service works out to $1774 per person: think tank  Montreal Gazette
Canadians paying $5.3B interest a year on provincial, federal debt  660 News
What Hunter Harrison can do for CSX Corp
Hunter Harrison has publicly challenged CSX Corp.'s plan to improve its operating ratio in the past, and now the outgoing chief executive of Canadian Pacific Railway Ltd.
Hunter Harrison's early CP Rail exit triggers industry-wide speculation  BNN
Early movers: NFLX, CP, KO, XOM, BHP, TSLA, GSK & more  CNBC
Uber will be safer and more easily identified under new law: city
Local Uber cars will soon be easily identifiable and have proper taxi insurance now that Hamilton city councillors have passed a new bylaw regulating the ride-hailing service.
Councillors give green light to new Uber regulations  CHCH News
Local taxi officer keeps eye on Uber  The Kingston Whig-Standard
US angry over BC policy allowing only local wine to be sold in grocery stores
British Columbia's decision to only allow local wines on grocery store shelves has rankled the United States, which is launching an international trade complaint over the policy.
US launches trade action against Canada over BC wine sales in grocery stores  Montreal Gazette
US challenges program that puts BC-only wines in grocery stores  CBC.ca
World's biggest pea processing plant coming to Portage la Prairie
Eat your peas, Manitoba. The French company Roquette announced today it is planning to build the world's largest pea-processing plant in the province and will hire about 150 full-time employees.
France's Roquette bets on pea protein with Canadian factory  Reuters Canada
$400M plant to open in Portage la Prairie  Winnipeg Sun