Correspondent, Toronto, Canada
Alastair's Feed
Mar 27, 2015

BlackBerry reports fourth-quarter profit; sales miss

TORONTO, March 27 (Reuters) – BlackBerry Ltd
posted better-than-expected quarterly earnings on Friday,
offering signs its turnaround efforts may be beginning to gain
traction, but a larger-than-expected drop in revenue worried
investors.

The stock seesawed in premarket trading, reflecting the
mixed investor sentiment. The stock initially rose sharply, then
fell into negative territory. It was up 4.8 percent at $9.75 at
8 a.m. EDT (1200 GMT) on Nasdaq.

Mar 26, 2015

TSX falls on broad declines despite oil price surge

TORONTO, March 26 (Reuters) – Canada’s main stock index
slipped on Thursday as pessimism about economic growth hit banks
and insurers, offsetting limited resource stock gains on the
back of Middle Eastern violence that pushed oil prices higher.

Saudi Arabia and its allies launched air strikes on rebels
in Yemen that spooked investors, boosting commodity markets but
dampening enthusiasm for equities globally.

Mar 25, 2015

BCE media executive apologizes for editorial intrusion

TORONTO (Reuters) – A senior executive at BCE Inc’s Bell Media unit apologized on Wednesday for interfering in editorial coverage after Canada biggest communications company was harshly rebuked by the country’s broadcast regulator.

The apology came after the Globe and Mail newspaper, citing unnamed sources, reported Bell Media’s President Kevin Crull told the head of CTV News not to conduct or air interviews with the chairman of the Canadian Radio-television and Telecommunications Commission (CRTC).

Mar 25, 2015

TSX falls 1 pct, energy is only rising sector

TORONTO, March 25 (Reuters) – Canada’s main stock index fell
1 percent on Wednesday, with heavyweight banks and insurers
weighing, while a bounce in oil prices helped some of the
country’s biggest oil and gas producers.

The overall slip was less severe than that seen in the
United States, as investors fretted about economic data in
Canada’s largest trading partner.

Mar 23, 2015

Canada’s Wind Mobile gets new CEO, directors after Vimpelcom exit

TORONTO, March 23 (Reuters) – Wind Mobile, Canada’s No. 4
wireless provider, named a new chief executive officer and
several new board members on Monday, months after the
acrimonious exit of its biggest shareholder.

Alek Krstajic, who had run fellow small player Public Mobile
before it was bought by much larger operator Telus Corp
in 2013, replaces Pietro Cordova as CEO. Cordova had been
appointed by Wind’s former majority shareholder, Vimpelcom, a
European operator.

Mar 11, 2015

Canada’s Neo stock exchange to waive market data fees for some

TORONTO, March 11 (Reuters) – A new Canadian stock exchange
set to launch in late March will offer attractive fees for
market data or waive them altogether in a challenge to the
dominance of TMX Group’s Toronto Stock Exchange (TSX).

Aequitas Innovations Inc said on Wednesday its Neo exchange
will not charge retail investors for access to real-time
displayed market data for securities listed on the primary and
TSX Venture exchanges.

Mar 11, 2015

TSX rebounds as energy shares advance with oil price

TORONTO, March 11 (Reuters) – Canada’s main stock index
rebounded from recent sharp declines on Wednesday as a jump in
the price of Brent crude oil helped support shares of energy
producers.

The index lost more than 3 percent in the previous three
sessions as investors’ bets on a U.S. Federal Reserve interest
rate hike boosted the U.S. dollar and hit commodity prices.
Canada is a major exporter of oil, metals and other commodities.

Mar 11, 2015

Canada alleges Pakistani man plotted bombing U.S. consulate in Toronto

TORONTO (Reuters) – A Pakistani man inspired by Islamic State planned to attack the U.S. consulate in Toronto and other targets in the city’s financial district but was caught when he shared his plan with an undercover police officer, Canada’s immigration authorities said on Wednesday.

Jahanzeb Malik, 33, was arrested on Monday after an undercover Royal Canadian Mounted Police officer befriended him as part of a long investigation into the former student, who has a record of travel to Pakistan and allegedly underwent combat training in Libya.

Mar 11, 2015

TSX firms as higher Brent crude helps energy stocks

TORONTO, March 11 (Reuters) – Canada’s main stock index won
back marginal gains on Wednesday, with oil and gas stocks
bouncing back in line with a rise in the price of Brent crude
oil.

The index had lost more than 3 percent in the prior three
sessions as investors’ bets on a Federal Reserve interest rate
hike boosted the U.S. dollar and hit commodity prices. Canada is
a major exporter of commodities such as oil and lumber.

Mar 6, 2015

Canada raises C$2.11 bln in wireless airwaves auction

TORONTO, March 6 (Reuters) – Canadian wireless operators led
by Telus Corp paid C$2.11 billion ($1.68 billion) in a
government auction of airwaves this week, with small operators
paying far less than established players under a plan to spur
competition.

In announcing the results on Friday, Industry Minister James
Moore said the country’s biggest wireless operator, Rogers
Communications Inc, did not win any spectrum. Small
new-entrant Wind Mobile paid the minimum C$56.4 million for
spectrum in populous British Columbia, Alberta and southern
Ontario after its struggling rival Mobilicity did not 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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