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Canadian markets news

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.
Fed optimism, Tim Hortons lift TSX to 1-week high  Reuters Canada
UPDATE 1-Tim Hortons pressed by a second hedge fund, shares jump  Reuters
CBC.ca   Related articles »  
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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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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With economy on the mend, very rich getting even richer
Canada's rich have never been richer, with those in the highest wealth bracket seeing the fastest growth. The number of high net worth individuals in Canada - or people with investable wealth of $1-million or more - rose 6.5 per cent to a record 298,000 ...
Millionaires on the rise in North America  Hamilton Spectator
Happy man enjoying the rain of money. (Fotolia.com)  The Sudbury Star
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Mountain Equipment Co-op rebrands to woo urban customers
National outdoor retailer Mountain Equipment Co-op is shedding its image of being a store just for the granola-eating, sandal-wearing, mountaineering-type.
Mountain Equipment Co-op retools its brand  Vancouver Sun
MEC takes on the concrete jungle  MetroNews Canada
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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 steps aside as Hudson's Bay president to take on vice ...  Financial Post
Bonnie Brooks gets a promotion at The Bay  Toronto Star
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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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Vancouver airport CEO takes aim at cross-border travellers
The incoming CEO of the Vancouver International Airport says his biggest challenge is to stem the flow of B.C. travellers heading across the border for cheaper flights.
ARRIVED: Craig Richmond Named President & CEO, Vancouver Airport Authority  The Herald | HeraldOnline.com
Industry veteran Craig Richmond named new CEO of Vancouver Airport Authority  Victoria Times Colonist
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Cenovus Energy Plans to Increase Amount of Oil It Ships by Rail
Cenovus Energy Inc. (CVE), the Canadian oil and gas producer with refineries in the U.S., will increase the amount of oil it moves by rail fivefold by the end of 2014.
Cenovus grows rail tanker fleet to 800 cars  Calgary Herald
Cenovus ramps up oil-by-rail capacity  Globe and Mail
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Peter Hadekel: Uncertain environment for aerospace companies
Quebec's leading aerospace companies are all seeking business at the industry's big trade show in Le Bourget, near Paris, this week.
Bombardier rivals take off at Paris Air Show  Vancouver Sun
AIRSHOW-UPDATE 1-Bombardier gets up to $1.8 bln in business jet orders  Reuters
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