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Canadian markets news

Royal Bank deemed 'too big to fail' by global banking watchdog
The Royal Bank of Canada has been added to a list of 30 of the world's most systemically important banks. The designation, by the Swiss-based Financial Stability Board, means that Canada's largest lender is big enough and important enough to have a ...
RBC joins ranks of global banks deemed 'too big to fail'  The Globe and Mail
RBC joins the global ranks of banks deemed 'too big to fail'  Financial Post
News1130  
CRA call centre giving people wrong information: auditor general
OTTAWA -- Canadians are all too often getting a busy signal or a message to hang up and try back later when they try to contact the taxman by telephone, says the federal auditor general's latest report to Parliament.
CRA call centre only picks up the phone one-third of the time: auditor general  Globalnews.ca
CRA blocks calls, often gives taxpayers wrong information, auditor says  The Globe and Mail
CEO Andy Byford to leave TTC for job at New York City Transit
TTC CEO Andy Byford is stepping down as CEO of the Toronto Transit Commission in mid-December to take a job as president and CEO with New York City Transit.
Andy Byford to resign as CEO of the TTC  Globalnews.ca
TTC head Andy Byford leaving post for NYC Transit job  The Globe and Mail
A working pay system is years away, audit says
OTTAWA - For the thousands of federal public workers who have ongoing pay issues, a grim diagnosis from Canada's auditor general Tuesday: it's going to be years before the government has a pay system that works.
A by-the-numbers look at the auditor general's report on the Phoenix pay ...  TheChronicleHerald.ca
Phoenix pay fiasco will take years, cost more than half-billion dollars to ...  Toronto Star
Competition Bureau drops probe over abuse of dominance allegations against Loblaw
The Loblaws store located at Church St. and Carlton St. in Toronto, photographed on Nov. 15, 2017. Fred Lum/The Globe and Mail. David Paddon.
Competition Bureau drops investigation of Loblaws  CBC.ca
Competition Bureau completes civil investigation into Loblaw  Canada NewsWire (press release)
Ikea reminds customers about Malm dresser recall after 8th child dies
Ikea is reminding people about its recall of 29 million Malm chests and dressers after news Tuesday that another child, died earlier this year when one of them fell on them.
Ikea again announces dresser recall after death of 8th child  CTV News
Eighth child death from fallen IKEA dresser prompts recall reminder  CNN
Loblaw looks to lure consumers with fee-based loyalty program
The Loblaws store located at Church St. and Carlton St. in Toronto, is photographed on Nov 15 2017. Fred Lum/The Globe and Mail. Marina Strauss.
Loblaws pitches upgraded loyalty program for $9.99 a month for premium perks  CBC.ca
CANADA: Loblaw Trials New Subscription Scheme  Namnews
Canadian wholesale sales fall 1.2 per cent in September
The agency says the drop came as five of seven subsectors fell, led by the personal and household goods and the food, beverage and tobacco subsectors.
Canada September wholesale trade down 1.2% on household goods, food  BNN
Canada: Wholesale Trade, September 2017  MarketPulse (blog)
StatCan to include marijuana in GDP accounts as legalization nears
Statistics Canada said Tuesday it will begin making estimates of current illegal production, sale and use of marijuana to provide a clearer picture of the “economic and social consequences of the legalization” expected by mid-2018.
Statscan to study economic effects of recreational marijuana  The Globe and Mail
Bay County's medical marijuana boom: Is there enough demand?  MLive.com
Three things TransCanada must do to keep growing its dividend
In its response to Nebraska's decision to approve an alternative route for the oil sands export pipeline on Monday, the Calgary-based company reminded investors that it does not need Keystone XL in order to keep growing its dividend every year “at the ...
TransCanada's Keystone XL pipeline receives long-awaited Nebraska approval  Ottawa Business Journal
Keystone XL oil pipeline will go ahead despite last week's spill  New Scientist