Global Markets: TSX resumes trading after outage

=By Commodity News Service Canada
WINNIPEG, April 30, 2018 (CNS) – The following is a glance
at the news moving markets in Canada and globally.
Canada’s stock exchange resumed trading Monday, after
an abrupt shutdown Friday. The TMX Group Ltd. which
operates the Toronto Stock Exchange and smaller Canadian
trading platforms, said in a statement on Saturday that the
failure of data storage equipment caused the outage.
Air Canada reported a smaller-than-expected loss in
its first quarter as its revenue grew compared with a year

ago, boosted by increased capacity and passenger traffic.
The airline said it lost C$170 million or 62 cents per
diluted share. The most recent quarter included losses on
foreign exchange of C$112 million compared with gains on
foreign exchange of C$70 million in the same quarter last
year.
Vancouver has been surpassed by Whistler, the ski town
two hours north, for the title of Canada’s craziest
property market. Vancouver has made global headlines in
recent years, consistently ranking among the top 10 major
cities worldwide most at risk of a housing bubble. In
Whistler businesses have been buying million-dollar
properties to house employees as living costs drive out
workers. The cost of visiting has also spiraled, with
overnight rates during the winter peak topping anywhere
else in the country.

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