Correspondent, Toronto, Canada
Alastair's Feed
Dec 22, 2014

TSX edges lower as oil slip hurts energy companies

TORONTO, Dec 22 (Reuters) – Canada’s main stock index edged
lower on Monday as energy companies took cues from oil’s return
to price slips, offset by gains in some of the country’s biggest
banks.

Oil and gas stocks have fallen sharply in recent weeks, but
most ticked higher last week after one among them, Talisman
Energy Inc, was acquired by oil major Repsol.

Dec 19, 2014

BlackBerry third-quarter revenue falls more than expected, shares slide

TORONTO (Reuters) – BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz)(BBRY.O: Quote, Profile, Research, Stock Buzz) on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again.

Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts’ expectations of $931.5 million. BlackBerry’s Nasdaq-listed shares fell 5.7 percent to $9.50 in premarket trading.

Dec 19, 2014

BlackBerry 3rd-qtr revenue falls more than expected, shares slide

TORONTO, Dec 19 (Reuters) – BlackBerry Ltd
on Friday reported a bigger-than-expected drop in third-quarter
revenue, sending shares of the struggling smartphone maker
lower, even as it eked out a small adjusted profit and began
generating cash flow again.

Revenue fell to $793 million from $1.19 billion a year
earlier, falling short of analysts’ expectations of $931.5
million. BlackBerry’s Nasdaq-listed shares fell 5.7 percent to
$9.50 in premarket trading.

Dec 18, 2014

Canada unveils major wireless spectrum plan

TORONTO, Dec 18 (Reuters) – The Canadian government unveiled
a major update to its wireless airwave policy on Thursday, as it
seeks to lower cellphone bills and bolster its coffers ahead of
a federal election next year.

The plan for making more of the invisible infrastructure
available for fast-growing mobile uses like video includes an
auction of high-frequency AWS-3 spectrum beginning on March 3.

Dec 18, 2014

TSX ends higher as energy stocks buck oil price fall

TORONTO, Dec 18 (Reuters) – Canada’s main stock index rose
on Thursday, with energy stocks bucking weak oil prices as
investors returned to riskier assets after an upbeat assessment
of the U.S. economy by the Federal Reserve.

Trading was volatile, however, with the index at one point
turning negative after rising as much as 1.6 percent and telecom
stocks exerting downward pressure.

Dec 18, 2014

TSX higher as oil rebound, Fed view whet risk appetite

TORONTO, Dec 18 (Reuters) – Canada’s main stock index rose
on Thursday, buoyed by a rally in resource stocks as a rebound
in oil prices and an upbeat assessment of the U.S. economy by
the Federal Reserve pushed investors back toward riskier assets.

Trading was volatile, however, with the index at one point
turning negative after rising as much as 1.6 percent, with
industrial and telecom stocks exerting downward pressure.

Dec 17, 2014

TSX surges as Talisman deal sparks jump in oil shares

TORONTO, Dec 17 (Reuters) – Canada’s main stock index surged
on Wednesday as oil and gas shares wounded in the rout of oil
prices regained some vitality on the $8.3 billion bid by Spain’s
Repsol to buy Talisman Energy Inc.

The energy group on the benchmark TSX index has shed more
than a third of its value since June as the price of crude oil
has plummeted to near 5-1/2 year lows. But Tuesday’s news
of Repsol’s deal for Canada’s fifth-largest independent producer
has encouraged investors to reassess.

Dec 16, 2014

Canada’s TSX boosted by Repsol purchase of Talisman

TORONTO, Dec 16 (Reuters) – Canada’s main stock index jumped
on Tuesday, with Talisman Energy Inc surging 46 percent
after Spanish oil major Repsol agreed to buy the
independent producer for $13 billion.

Other resource companies also gained as the Repsol move was
seen as a model that could be replicated with other Canadian
stocks suffering from sinking commodity prices while borrowing
costs remain at historical lows.

Dec 15, 2014

TSX unable to hold gains despite Talisman takeover surge

TORONTO, Dec 15 (Reuters) – A surge in shares of takeover
target Talisman Energy Inc was not enough to keep
Canada’s main stock index in the black on Monday after falling
more than 5 percent last week, with the broader
resource-extraction industries weighing.

The Toronto Stock Exchange’s S&P/TSX composite index
ended lower after a strong start to the session, which
one analyst pointed to as a sign investors are nervous.

Dec 15, 2014

TSX up on Talisman takeover surge

TORONTO, Dec 15 (Reuters) – A surge in shares of takeover
target Talisman Energy Inc helped Canada’s main stock
index turn higher on Monday after falling more than 5 percent
last week.

Shares of Calgary-based Talisman, Canada’s fifth-largest
independent petroleum producer, jumped almost 20 percent to
C$6.05, after Spanish oil major Repsol said it was considering a
bid.

    • About Alastair

      "Canada tech, media and telecoms reporter based in Toronto, with emphasis on Research In Motion and including coverage of Rogers, Bell Canada, Telus, the new mobile entrants and the tech companies filling in the gaps. Previously spent two years in Cairo bureau chasing Orascom Telecom's Naguib Sawiris. Prior to that, spent a year learning the ropes in London."
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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