Correspondent, Toronto, Canada
Alastair's Feed
Apr 20, 2015

Profits down at Rogers Communications as customers exit

TORONTO (Reuters) – Rogers Communications Inc posted an unexpected 17 percent drop in quarterly profit on Monday as the cable, phone and media company struggled to hold on to customers during a period of industry-wide turbulence.

The Toronto-based company, already struggling to maintain its leading position in the wireless industry, had to deal with regulatory changes in both its wireless and television markets that make it easier for customers to switch to rivals.

Apr 20, 2015

TSX rises as railways, banks and energy stocks gain

TORONTO, April 20 (Reuters) – Canada’s main stock index rose
on Monday as oil price gains helped oil and gas companies, and
railways and banks also moved higher.

The country’s two main railway companies both jumped ahead
of their earnings. Canadian National Railway Co, which
reported results after markets closed, gained 2.7 percent to
C$83.35, and Canadian Pacific Railway Ltd added 2.2
percent to C$237.26.

Apr 20, 2015

Profit drops at Canada’s Rogers Communications as customers exit

TORONTO, April 20 (Reuters) – Canada’s Rogers Communications
Inc posted an unexpected 17 percent drop in quarterly
profit on Monday as the cable, phone and media company struggled
to hold on to customers during a period of industry-wide
turbulence.

During the quarter, the Toronto-based company had to deal
with regulatory changes in both its wireless and television
markets. The changes make it easier for customers to switch to
rival services.

Apr 17, 2015

TSX declines as bank weakness offsets energy gains

TORONTO, April 17 (Reuters) – Canada’s main stock ended
moderately lower on Friday as some of the country’s largest
financial stocks retreated, while energy gains offset some of
the damage.

Energy shares managed to shrug off a decline in crude
prices, which came under pressure from signs that supply is
still growing.

Apr 17, 2015

TSX drops with oil price; banks weaken

TORONTO, April 17 (Reuters) – Canada’s main stock index was
broadly lower on Friday as heavyweight oil and gas shares
retreated on a drop in oil prices, while banks also took a hit.

Crude prices came under pressure from signs that supply is
still growing, and the benchmark index’s energy group retreated
0.4 percent.

Apr 16, 2015

Energy drop leads TSX into red

TORONTO, April 16 (Reuters) – Canada’s main stock index fell
on Thursday as energy bears won a scuffle in the ongoing battle
against bulls who expect a recovery in crude oil prices to limit
long-term damage to the country’s major oil and gas industry.

A day earlier the index hit a seven-month high, helped by a
surge in the price of oil, but investors failed to muster much
enthusiasm for a fresh 2015 crude price peak hit after militants
took control of a Yemeni oil terminal.

Apr 15, 2015

Oil price jump pushes resource-rich TSX higher

TORONTO, April 15 (Reuters) – A surge in the price of oil
helped Canada’s main stock index gain on Wednesday, as its
weighty oil and gas companies rose.

During the session, the Toronto Stock Exchange’s S&P/TSX
composite index hit a fresh seven-month high, although
it later pared those advances to finish up 0.4 percent.

Apr 14, 2015

TSX ekes out gain as energy rally offsets broad drop

TORONTO, April 14 (Reuters) – Canada’s main stock index eked
out a small gain on Tuesday as a rally in energy stocks
single-handedly held off steep declines in a range of
industrial, consumer and mining shares.

The Toronto Stock Exchange’s S&P/TSX composite index
ended a seven-day win streak on Monday that took it to
its highest since September, and has since fluctuated around
15,400 points.

Apr 13, 2015

TSX win streak halted at 7; resource and industrials weigh

TORONTO, April 13 (Reuters) – Canada’s main stock index
slipped into the red on Monday, ending a 7-day winning streak as
rival miners won no love from a merger and investors also took
a step back from a range of industrial and energy names.

Shares in Alamos Gold Inc jumped 6.6 percent to
C$7.90 and AuRico Gold Inc surged 8.2 percent to C$4.09
as the pair of Canadian gold miners unveiled a $1.5 billion
merger plan.

Apr 10, 2015

TSX tracks world stocks higher, climbs for 7th straight session

TORONTO, April 10 (Reuters) – Canada’s main stock index
finished broadly higher on Friday, for a seventh straight day of
gains, buoyed in part by resource stocks that benefited from
higher commodity prices.

The index was also supported by the positive tone in equity
markets around the world, with global markets testing record
highs during the session.

    • 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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