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Canadian markets news

GDP figures expected to show economic costs of fires in Fort McMurray, Alta.
OTTAWA - Statistics Canada is expected to shed light on the economic impact of the wildfires in Fort McMurray, Alta., when it releases GDP figures for May later today.
5 things to know on Friday, July 29, 2016  CTV News
Enbridge profit falls short; 'fully committed' to Northern Gateway  The Globe and Mail
Bloomberg  
Bank of Japan offers modest stimulus move; disappoints markets
The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF), yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious ...
Are Central Banks Running Out of Options?  MarketPulse (blog)
Japan central bank adds stimulus, cites global uncertainties  Montreal Gazette
Air Canada's second quarter declines, revenue climbs
MONTREAL -- Air Canada is reporting a lower profit for this year's second quarter as it dramatically increased the number of routes offered by its main fleet and discount brand.
Air Canada profit tops estimates on lower fuel costs  The Globe and Mail
Air Canada Reports Second Quarter 2016 Results  Stockhouse
Oil giants look to invest despite losses and price collapse
Since oil prices began to nosedive two years ago, Cenovus Energy has been on its heels, desperately trying to cut costs. Management slashed capital spending, delayed projects and cut the workforce, among other measures.
Cenovus Energy considers resuming delayed oilsands projects after big cuts  Calgary Herald
Oilsands Giant Suncor Might Actually Leave Its Oil In The Ground  Huffington Post Canada
BC pledges to use revenue from new tax for affordable housing
After trying to tamp down demand in Vancouver's superheated housing market with a tax on foreign home buyers, British Columbia is now tackling supply, promising to use the tax revenue to fund affordable housing.
Strong support for BC property tax but little confidence in effectiveness: poll  CTV News
July 29: Property transfer tax, speed  Vancouver Sun
Province spent $70 million on now-defunct Ontario Retirement Pension Plan
The Liberal government spent $70 million on it's now dead pension plan - including $2 million in severance doled out to six employees.
Ontario spent $70 million on its now-defunct pension plan, including $8M ...  National Post
Ontario spent $70M on unneeded pension plan, including severance costs  CTV News
Alberta government offers up to $20M in grants to small brewers
CALGARY -- Alberta's small beer brewers will get up to $20 million a year in grants, helping to offset a looming hike in the markup on all beer sold in the province.
Grant program aims to make Alberta craft breweries 'signature industry'  CBC.ca
Supported suds, or, your tax dollars at drink  630ched.com
Edmonton to outfit 40 bus shelters with solar panels
One of the new solar-powered bus shelters installed at 131 Street and Stony Plain Road on July 28, 2016. Clear Channel Advertising plans to install 40 of the new solar-powered bus shelters in Edmonton this year.
Solar panels going in on dozens of ETS bus shelters  CTV News
Bus shelters go eco-friendly  630ched.com
Drop in industrial demand to cost BC Hydro $3.5 billion
Faltering electricity demand among industrial customers will cost BC Hydro $3.5 billion less in revenue - over the term of its 10-year financial plan - than anticipated when the utility first unveiled in 2013, CEO Jessica McDonald said Thursday.
BC Hydro facing $3.5 billion revenue shortfall  Business in Vancouver
Revenue plunges at Hydro  Castanet.net
Gunter: NDP excuses on power play hard to swallow
sarah NDP health minister Sarah Hoffman. (EDMONTON SUN/File). Article. Tweet. Change text size for the story; Print this story. Report an error.
NDP government urged to cut losses in PPA battle  Calgary Herald
Market prices, not increase in carbon levy, caused PPAs to be more ...  MetroNews Canada