TORONTO, July 31 (Reuters) – Canada’s main stock index
notched its fourth straight day of gains on Friday, with the
heavily weighted financials and materials sectors leading the
way as investors sought value after a bleak couple of months.
The index had slipped below 14,000 for the first time since
mid-January last week, as investors fretted about slumping oil
prices and slowing Chinese demand for commodities.
TORONTO, July 30 (Reuters) – Canada’s main stock index rose
on Thursday, helped by a second day of gains for energy shares
after plumbing new depths earlier in the week, and with shares
in Open Text Corp surging after the software company’s
outlook impressed investors.
The energy sector jumped 2.9 percent, after gaining a
similar amount on Wednesday, after separate data showed a much
steeper than expected drawdown in U.S. stockpiles and a slip in
TORONTO, July 29 (Reuters) – Canada’s main stock index
jumped on Wednesday, helped by gains in banks, railways and oil
companies as crude prices bounced from near six-month lows and
the Federal Reserve left the door open for a September interest
The U.S. central bank said the economy and job market of
Canada’s main trading partner continues to strengthen, which was
seen as a baby step toward higher rates.
TORONTO (Reuters) – CGI Group Inc (GIBa.TO: Quote, Profile, Research, Stock Buzz), the information systems and management consultancy, said on Wednesday it would target acquisitions in cyber security while exiting some markets entirely, as it reported third-quarter profit and revenue that missed estimates.
The company’s chief executive officer said it has compiled a short list of 85 potential acquisition targets that would help it grow by delving deeper into industries, three years after going wide with its Logica acquisition.
TORONTO, July 28 (Reuters) – Canada’s main stock index broke
a seven-day slump on Tuesday as investors picked through
earnings reports for glimmers of hope and resource stocks
bounced off recent lows.
The energy sector has lost more than a quarter of its value
since a peak in mid-April. It rose 2 percent on the day, as oil
prices stabilized after a four-day slide.
TORONTO, July 28 (Reuters) – Canada’s main stock index edged
higher on Tuesday after a seven-day streak of losses as
investors picked through earnings reports and several resource
stocks got a bounce from recent lows.
BlackBerry Ltd gained 4.8 percent to C$9.96 after
Morgan Stanley upgraded the stock of the smartphone pioneer.
TORONTO, July 27 (Reuters) – Canada’s main stock index fell
sharply on Monday, hitting its lowest level since January, in a
broad retreat as heavyweight resource-based companies dipped on
lower commodity prices and the latest plunge in Chinese
The 1.3 percent drop was the seventh straight session of
losses for the Toronto Stock Exchange’s S&P/TSX composite index
, and its first day trading below 14,000 since January.
TORONTO (Reuters) – Toronto taxi drivers are launching a class-action lawsuit against ride-sharing company Uber Technologies Inc [UBER.UL], seeking more than C$400 million ($307.27 million) in damages and an injunction to stop it operating in the Canadian province of Ontario.
Law firm Sutts, Strosberg LLP, which is representing the taxi drivers, said in a statement on Thursday that the named plaintiff, cab driver Dominik Konjevic, alleges that “Uber X and Uber XL have created an enormous marketplace for illegal transportation in Toronto”.
TORONTO (Reuters) – Rogers Communications Inc (RCIb.TO: Quote, Profile, Research, Stock Buzz) reported a 10 percent decline in second-quarter net income on Thursday, as the Canadian telecom, cable and media company made progress in its strategy of attracting value over volume in its wireless business.
Toronto-based Rogers posted net income of C$363 million, or 70 Canadian cents a share, in the April-June quarter, compared with C$405 million, or 79 cents a share, a year ago. Its revenue rose almost 6 percent to C$3.4 billion.
TORONTO, July 22 (Reuters) – Canada’s main stock index fell
on Wednesday, weighed down by falls in the shares of major
banks, energy companies and miners as weakness in commodity
markets tainted investor sentiment.
A rise in U.S. oil inventories pushed U.S crude to a
settlement below $50 a barrel for the first time since April.
Brent also fell.