Alberta May Join National Securities Regulator Study
Ian Russell of the Investment Industry Association of Canada says Alberta may sign on as momentum grows for a Canada wide market regulator. He notes Alberta remains wary but expects pressure to join with Saskatchewan and Atlantic provinces likely to follow. The cooperative model could launch about a year from now.
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Calgary
Alberta
Ian Russell
Investment Industry Association of Canada
Canada
Ottawa
Supreme Court
Ontario
British Columbia
Quebec
Russell
Saskatchewan
Atlantic Provinces
Manitoba
Cooperative Capital Markets Regulator
Quebec seeks 409 million from Lac-Megantic rail disaster firm
Quebec’s Justice Department filed a claim on June 13 seeking 409 million from Montreal, Maine & Atlantic Railway for past and future costs tied to the Lac-Megantic tragedy. Government says 126 million already spent with potential rebuild costs over 283 million. Forty seven killed. three company workers charged.
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Quebec
Lac-Megantic
Montreal, Maine & Atlantic Railway
Justice Department
Stephanie Vallee
Lac- Megantic
Canadian Markets Close Mixed Amid Oil Dip and Gold Gain
Toronto stocks edged lower on the day as the S and P TSX Composite fell modestly while the Dow and Nasdaq eased. Oil futures slipped to 106.90 a barrel and gold rose to 1275.30 an ounce, with silver quoted near 22.24 per ounce.
MENTIONED IN THIS ARTICLE
Handy and Harman
Oliver urges Ontario to aggressively tackle deficit in budget
Finance Minister Joe Oliver says Ontario faces a tough economy and should push for a more aggressive deficit plan in the upcoming post election budget. He notes Liberal Premier Kathleen Wynne will confront hard choices as Ottawa aims for a balanced budget, with forecasts showing modest Canadian growth amid oil price dynamics.
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Oliver
Ontario
Ottawa
Joe Oliver
Kathleen Wynne
Jim Flaherty
TD Bank
Craig Alexander
Doug Porter
BMO Capital Markets
May 2014 Canadian home sales rise from April CREA says
The Canadian Real Estate Association reports May MLS home sales up 5.9 percent from April and 4.8 percent from May 2013, aided by lower mortgage rates and a rebound from a harsh winter. Listings rose 3.8 percent, with national price up 7.1 percent to 416584, led by Toronto and Vancouver. CREA cautions momentum may fade into summer.
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Canadian Real Estate Association
Ottawa
TD Bank
Leslie Preston
Preston
CREA
Gregory Klump
Toronto
Vancouver
Greater Vancouver
Greater Toronto
MLS
BMO
Robert Kavch
Canada
Federal decision on Northern Gateway due by Tuesday
The federal government will announce its final word on the Northern Gateway pipeline after markets close, with a June 17 deadline for approval. The $7 billion project could add about 300 billion in GDP over 30 years, but faces strong First Nations and environmental opposition and potential court challenges. Premier Christy Clark says BC conditions remain unmet, while opposition parties call for rejection.
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Vancouver
Alberta Oilsands
British Columbia
Natural Resources
Greg Rickford
B.C
Christy Clark
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