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Canadian markets news

Sobeys to lay off 800 workers across Canada
The Sobeys grocery business will be cutting about 800 office jobs across Canada as part of efforts to create one efficient national organization out of five regional operations, the company announced Friday.
UPDATE: Sobeys to lay off 150 in Nova Scotia, 100 in Stellarton alone
Sobeys cutting 800 jobs as part of CEO's turnaround plan  BNN
The Globe and Mail  
WestJet launches new regional air service in Western Canada with Pacific Coastal
Wed, Sep 27: WestJet is looking to capitalize on consumer demand for cheaper flights. The western-Canada based carrier announced it is launching Swoop, an ultra-low cost carrier that will begin booking flights in February.
WestJet launches new regional air service in Western Canada  CTV News
WestJet bringing back flights to Calgary  Prince George Citizen
CP train derails near Hells Gate in Fraser Canyon
The train derailed near Hells Gate on Thursday. Crews are working to clear the site. B.C. Ministry of Environment. X. - A A +. Listen.
CP train derails near Hells Gate, fuel leaks into Fraser River  Vancouver Sun
Train derailment near Hell's Gate spills fuel into the Fraser River
Aurora takeover bid 'makes no sense,' based on inflated share price: CanniMed
CanniMed Therapeutics Inc. fired back at Aurora Cannabis Inc. - which formally launched its hostile takeover bid Friday - saying the Vancouver-headquartered marijuana producer's management "has not demonstrated an ability to execute competently" ...
CanniMed bristles at Aurora's hostile, all-share offer to create $3B ...  Financial Post
CanniMed Therapeutics Confirms Receipt of Unsolicited Offer from Aurora Cannabis  Stockhouse
Canadian operating profits top $100 billion thanks to financial sector strength
OTTAWA - Statistics Canada says strong performance in the financial sector drove Canadian corporate operating profits to just over $100 billion in the third quarter, up 17.2 per cent from the same period last year.
Canada: Quarterly financial statistics for enterprises  Forex Factory
Black Friday lures consumers to stores and online after weeks of deals
Shoppers were out before dawn in the U.S. for fun and for deals, as retailers that have had a tough year were hoping to bring customers to their stores and websites for Black Friday, one of the biggest shopping days of the year.
Shoppers line up at 3:30 am looking for Black Friday deals  CTV News
Violence in US mars otherwise subdued start to Black Friday; retailers' ...  BNN
Proposed private member's bill would regulate gas prices across Ontario
TORONTO - An Ontario New Democrat is proposing a private member's bill that would regulate gas prices, though the Liberal government doesn't seem keen to do so.
Ontario NDP MPP wants gas prices regulated, Liberals not so much  Toronto Sun
Pre-paid meters won't target poor: Thibeault  The Sudbury Star
Canadian households lead the world in terms of debt: OECD
Household debt levels in Canada are higher than those in any country included in a new OECD report, and the organization says it's a major risk to the country's economy.
In the midst of the Black Friday frenzy, a well-timed debt warning  Toronto Star
Canada's economic growth has come at a price — its debt level is now ...  Financial Post
Ontario's new labour law brings many changes, including $15 minimum wage
Ontario's sweeping new labour law provides a host of new rules, including a $15 minimum wage by 2019, that supporters say will lift people out of poverty and opponents fear will kill jobs.
The Liberals Giveth and Taketh Away
To fix low wages, and the budget, raise productivity  The Australian
Telecom Stock Roundup: FCC Plans to Scrap Net Neutrality, DOJ Sues AT&T-Time ...
There were a couple of notable developments in the telecom space last week. Recently, Ajit Pai, the Commissioner of Federal Communications Commission (FCC), revealed a draft plan for a complete roll back of Net Neutrality.
If Trump's FCC Repeals Net Neutrality, Elites Will Rule the Internet ...  The Nation.
How repealing net neutrality in US could hurt Canadian pocketbooks