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Canadian markets news

Nortel Canada to start paying billions to creditors; first instalment by July
TORONTO - Nortel Canada's long-suffering creditors will finally begin to receive their share of more than US$4 billion to be distributed under a plan approved in January, eight years after the former technology titan began bankruptcy proceedings.
Nortel Canada Announces Receipt of Allocation Entitlement and Implementation ...  satPRnews (press release)
Rising program expenses propel fed 2016-17 deficit to $21.8B: preliminary estimate
A $21.7-billion surge in federal program expenses was almost entirely responsible for the government's expected 2016-17 deficit, according to a preliminary analysis of Ottawa's books.
Methane, deficits and the civil service: three ways politics mattered this week  TheChronicleHerald.ca
Ottawa anticipates $23-billion year-end deficit  The Globe and Mail
Oil rebounds but ends week lower amid OPEC cuts disappointment
Oil prices rebounded to rise more than 1 per cent on Friday, but ended the week nearly 3 per cent lower after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.
USD/CAD Canadian Dollar Flat After US Dollar Regains Momentum  MarketPulse (blog)
Oil prices rebound, sterling hit as May's lead shrinks  Reuters
'A bold statement': Trans Mountain pipeline pushes forward despite BC's ...
B.C 's uncertain political future isn't slowing down Kinder Morgan's efforts to push forward the Trans Mountain pipeline expansion - but experts say the project will still have to navigate a political minefield.
Three Ways B.C. Could Stop Kinder Morgan's Trans Mountain Pipeline Plan  TheTyee.ca
Kinder Morgan makes final investment decision on pipeline  Burnaby Now
City unveils 5 options for reducing Deerfoot Trail congestion, but no funding ...
Rush hour congestion on Deerfoot Trail is the bane of Calgary drivers from one end of the city to the other, and so on Friday the city and the province unveiled five short-term solutions to ease traffic on Calgary's major freeway.
Study suggests short-term solutions to ease congestion on Deerfoot Trail  CTV News
Deerfoot Trail study recommends 5 short-term improvements  Globalnews.ca
The close: TSX finishes flat, slips over week
Canada's main stock index ended barely higher on Friday, as gains for banks and gold miners were offset by slips in pipeline companies and railway stocks.
TSX slips, US markets nearly flat ahead of American holiday weekend  Toronto Star
TSX slightly lower, gold miners up with bullion  Reuters Canada
Two former Home Capital brokers were penalized by Ontario watchdog in first ...
A Canadian regulator said it disciplined two mortgage brokers who funneled business to Home Capital Group Inc., marking the first disclosure of action taken against dealers who submitted fraudulent loan applications to the embattled mortgage lender.
Ontario regulator confirms two former Home Capital brokers penalized  BNN
'Pain for Winnipeg': Mayor says provincial funding changes will lead to cuts
Winnipeg's mayor said changes to provincial funding transfers will cause the city pain. The Progressive Conservative government tabled an omnibus budget bill on Thursday that calls for the end of a long-standing provincial commitment to cover half the ...
Winnipeg Transit proposes pilot project to test safety barriers for bus drivers  680 News
Bus fares could rise after province ends transit funding deal with Winnipeg  CTV News
Acacia Mining fights back in Tanzania gold ore battle
Shares in Acacia Mining bounced 8 per cent on Friday after the crisis-hit miner fought back against accusations that it had misstated the value of its gold shipments from Tanzania by up to 10 times.
World's largest gold miner hit by Tanzania export ban  MINING.com
Go Long Barrick Gold Corp (USA) (ABX) Stock For Free With Confidence  Investorplace.com
Ontario threatens its own protectionism in fight against Texas bill
TORONTO - Ontario has hired lobbyists in Texas and is threatening protectionist measures of its own as it tries to convince state officials not to pass a Buy American bill.
WALKOM: A modest blueprint for attacking precarious work  TheChronicleHerald.ca
UPDATE: Wynne's hydro bill “cut” will cost billions more than it saves  The Rebel