Correspondent, Toronto, Canada
Alastair's Feed
Oct 9, 2015

TSX rally ends as energy stocks slip

TORONTO (Reuters) – A five-day winning streak for Canada’s main stock index ended on Friday, but only just, as energy shares pulled back from a recent rally while mining stocks pushed higher on rising bullion prices.

The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE fell 14.30 points, or 0.10 percent, at 13,964.36, with advancers and decliners almost evenly split.

Oct 8, 2015

Canada’s Trudeau, tied in polls, open to Bombardier foreign investor

TORONTO, Ontario, Oct 8 (Reuters) – Canadian Liberal Party
leader Justin Trudeau, in a tight race to be the country’s next
prime minister, said on Thursday his party is open to foreign
investment in Bombardier Inc as long as it protects
the country’s interests.

Trudeau’s position contrasted with the opposition New
Democrats, running third in polls, which when asked about
possible Chinese investment in Bombardier said Ottawa should
protect key sectors like aerospace.

Oct 7, 2015

TSX extends rally as energy gains despite oil price slip

TORONTO, Oct 7 (Reuters) – Resource stocks helped extend a
rally in Canada’s main stock index on Wednesday despite a drop
in crude oil prices, while Bombardier Inc tumbled
after the planemaker said CSeries talks with Airbus had ended.

The energy sector rose 3 percent and materials climbed 2.5
percent as investors bid up the beaten-down groups.

Oct 6, 2015

TSX gains on heavyweight resource stocks as oil jumps

TORONTO, Oct 6 (Reuters) – Canada’s main stock index gained
for a third straight session on Tuesday, with heavily weighted
resource stocks and banks carrying most of the gains on the back
of higher commodity prices.

Seven of the Toronto Stock Exchange’s S&P/TSX composite
index’s 10 main sectors slipped, but the index ended
up 95.06 points, or 0.70 percent, at 13,647.26.

Oct 5, 2015

TSX bounces higher on Suncor bid for Canadian Oil Sands

TORONTO, Oct 5 (Reuters) – Canada’s main stock index jumped
on Monday, as shares of Canadian Oil Sands surged 55
percent on a hostile bid by Suncor Energy Inc, its rival
and co-producer in the country’s oil sands industry.

The Alberta oil sands are a leading source of U.S. crude
imports, but slumping oil prices have squeezed producers in a
region whose operating costs are among the world’s highest.

Oct 2, 2015

TSX gains as resources rally; banks weigh

TORONTO, Oct 2 (Reuters) – Resource stocks fueled a rally on
Canada’s main stock index on Friday, as the market shrugged off
weak U.S. jobs data and losses among banks, one of which raised
cash and warned of a writedown.

The gains among miners, oil and gas producers and pipeline
operators outpaced rises among some key commodities as the
latest U.S. non-farm payrolls data fed investor doubts about
whether the U.S. Federal Reserve will raise rates this year.

Oct 1, 2015

TSX slips as resource stocks weigh

TORONTO, Oct 1 (Reuters) – Canada’s main stock index fell on
Thursday, as falling commodity prices weighed on resource stocks
and investors struggled to brush off concerns about slowing
global growth while waiting for the U.S. Federal Reserve to
raise rates.

The Toronto Stock Exchange’s S&P/TSX composite index
had closed off a dismal third quarter with a 2 percent
rise in the previous session, but pared those gains to end
Thursday down 65.07 points, or 0.49 percent, at 13,241.89.

Sep 30, 2015

TSX jumps 2 pct at end of dismal quarter

TORONTO, Sept 30 (Reuters) – Canada’s main stock index
gained more than 2 percent on Wednesday as surprisingly robust
domestic growth data boosted sentiment and Valeant
Pharmaceuticals International Inc shares rebounded
after being battered by charges of price gauging.

The Toronto Stock Exchange’s S&P/TSX composite index
gained 270 points, or 2.07 percent, to end the session
at 13,306.96.

Sep 29, 2015

TSX gains slightly, rally lacks momentum

TORONTO, Sept 29 (Reuters) – Canada’s main stock index rose
on Tuesday in choppy trading, as energy and banking stocks
helped lead the market back into positive territory after an
earlier reversal, while index heavyweight Valeant
Pharmaceuticals weighed.

The Toronto Stock Exchange’s S&P/TSX composite index
closed up 32.38 points, or 0.25 percent, at 13,036.96.
Seven of its 10 main groups rose.

Sep 28, 2015

TSX slumps as resources weigh, Valeant tumbles

TORONTO, Sept 28 (Reuters) – Canada’s main stock index
plunged on Monday, with drugmaker Valeant Pharmaceutical
International stunned by U.S. congressional rebuke and
global malaise hurting a range of Canadian resource companies as
commodities prices fell.

Shares of Valeant, a major weight on the index, fell 16.3
percent to C$221.81 after Democratic lawmakers attacked
“massive” price increases for two heart drugs after the company
bought them in February.

    • 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:
      English, Arabic
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