Correspondent, Toronto, Canada
Alastair's Feed
Nov 6, 2015

TSX hurt by commodity losses, boosted by insurers

TORONTO, Nov 6 (Reuters) – Canada’s main stock index was
torn between losses for energy and mining stocks and gains for
financial names on Friday, with both moves magnified by a surge
in U.S. jobs that made it more likely the Federal Reserve will
hike interest rates in December.

The employment report pushed the greenback to a
seven-month high, which in turned weighed on a string of
commodities and the Canadian companies that extract, drill,
produce and move them.

Nov 5, 2015

TSX weighed down by earnings disappointments; Valeant plunge

TORONTO, Nov 5 (Reuters) – A plunge in shares of drugmaker
Valeant and sharp retreats in several other companies on the
back of disappointing earnings reports pushed Canada’s main
stock index lower on Thursday.

Valeant Pharmaceutical International Inc slumped
14.7 percent to C$103.37, touching its lowest level since
mid-2013, heaping new pressure on its CEO after weeks of steep
declines.

Nov 5, 2015

Telus profit, revenue rise; eyes cost cuts as wireless slows

TORONTO, Nov 5 (Reuters) – Telus Corp, one of
Canada’s three big telecoms providers, reported a 4.2 percent
rise in quarterly revenue on Thursday as wireless growth slowed
and it eyed cost savings.

The Vancouver-based company said it added 69,000 net new
postpaid customers, who typically spend much more per month than
those who prepay for service.

Nov 4, 2015

TSX falls as oil slide, Fed rate hike risk weigh

TORONTO, Nov 4 (Reuters) – Canada’s main stock index fell on
Wednesday as Federal Reserve Chair Janet Yellen’s comments in
support of a possible U.S. interest rate hike in December
broadly weighed on equity markets and commodity prices.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 48.49 points, or 0.35 percent, at
13,661.82, with resource stocks particularly hard hit.

Nov 3, 2015

TSX rises on energy gains, RBC outshines peers

TORONTO, Nov 3 (Reuters) – Canada’s main stock index rose on
Tuesday with lift from a move higher in Royal Bank of Canada
after it avoided the need to set aside additional
capital, and by solid gains in energy sector shares as oil
prices jumped on supply disruptions.

The heavyweight energy group climbed 3.4 percent, with
Cenovus Energy Inc leaping 5.6 percent to C$21.61 and
Crescent Point Energy Co surging 6.8 percent to
C$19.55.

Oct 30, 2015

Valeant pulls down TSX; resource and bank stocks weigh

TORONTO, Oct 30 (Reuters) – Canada’s main stock index fell
sharply on Friday, pushed lower by a slump in Valeant
Pharmaceuticals International Inc after it cut ties
with a specialty pharmacy accused of helping it inflate revenue,
and by retreats in heavyweight banks.

The most influential single weight on the index was Valeant,
which fell 17.7 percent after it said it will sever ties with
Philidor Rx Services in the wake of criticism over the
relationship between the two closely associated companies.

Oct 29, 2015

Bombardier slumps, materials weigh on TSX fall

TORONTO, Oct 29 (Reuters) – Canada’s main stock index fell
on Thursday, with sliding commodity prices hurting miners, while
Bombardier Inc plunged after reporting a massive
quarterly loss and Potash Corp fell on trimmed earnings
and sales forecasts.

The losses were offset by gains in the heavyweight energy
sector amid volatile oil market trade.

Oct 28, 2015

Canada court orders tobacco companies to set aside almost C$1 bln

TORONTO, Oct 27 (Reuters) – A Canadian appeal court on
Tuesday ordered two major tobacco companies to set aside a
combined C$984 million ($742 million) while they challenge
billions of dollars in damages awarded to smokers in the
province of Quebec.

The more than C$15 billion in damages awarded in June, if
upheld in an appeal of two class-action lawsuits, would
compensate some 100,000 Quebec smokers and ex-smokers who allege
the companies knew since the 1950s that their product was
causing cancer and other illnesses and failed to warn consumers
adequately.

Oct 27, 2015

Canada court orders tobacco giants to set aside almost C$1 bln

TORONTO, Oct 27 (Reuters) – A Canadian appeal court on
Tuesday ordered two major tobacco companies to set aside a
combined C$984 million ($742 million) while they challenge
billions of dollars in damages awarded to smokers in the
province of Quebec.

The more than C$15 billion in damages awarded in June, if
upheld in an appeal of two class-action lawsuits, would
compensate some 100,000 Quebec smokers and ex-smokers who allege
the companies knew since the 1950s their product was causing
cancer and other illnesses and failed to warn consumers
adequately.

Oct 27, 2015

TSX down on oil price fall, Fed jitters

TORONTO, Oct 27 (Reuters) – Canada’s main stock index fell
on Tuesday, hurt by a pullback in shares of the country’s two
main railways and losses among industrial, utility and energy
stocks as oil fell to a multi-week low and investors braced for
a Federal Reserve policy statement.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 91.30 points, or 0.66 percent, at
13,699.60.

    • 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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