Correspondent, Toronto, Canada
Alastair's Feed
Feb 24, 2015

Toronto mystery tunnel had rosary nailed to wall, police say

TORONTO (Reuters) – A mysterious tunnel discovered in Toronto near one of the venues for this summer’s Pan American Games contained a rosary with a crucifix and poppy, and there is nothing to suggest the tunnel was linked to criminal activity, police said on Tuesday.

The hand-dug tunnel, which ran for about 10 meters (33 feet) and was large enough for an adult to stand in, was discovered Jan. 14 in a wooded area near Rexall Centre, a tennis stadium at York University that will be used for the Pan Am games in July.

Feb 18, 2015

Oil price fall leads to first TSX slip in 6 sessions

TORONTO, Feb 18 (Reuters) – Canada’s main stock index
slipped on Wednesday, its first decline in six sessions, as
shares of oil and gas companies were weighed down by the
stalling momentum of a recent rally in the price of oil.

Investors took some comfort from the minutes of the U.S.
Federal Reserve’s last meeting, which showed policymakers were
concerned about raising interest rates too quickly.

Feb 13, 2015
Feb 12, 2015

TSX shrugs off insurer gloom; banks and energy lead

TORONTO, Feb 12 (Reuters) – Big insurers weighed on Canada’s
main stock index on Thursday, but major banks and blue-chip
energy companies pushed the market higher as crude oil prices
rallied.

Shares in Manulife Financial and Sun Life Financial
slipped after the insurers reported disappointing
quarterly results. Manulife was
off 2.3 percent at C$21.33 while smaller rival Sunlife fell 6.5
percent to C$39.23.

Feb 12, 2015
Feb 12, 2015

Telus makes gains in wireless, sees solid 2015 growth

TORONTO, Feb 12 (Reuters) – Telus Corp, one of
Canada’s three dominant telecommunications companies, reported
an 8 percent rise in quarterly profit on Thursday and forecast
solid revenue and earnings growth in 2015.

The Vancouver-based company’s results overcame fears the
wireless industry is slowing as Telus added 118,000 postpaid
wireless customers, who typically spend more than those who
prepay for service, in the fourth quarter. It said it expects
wireless earnings to increase 3-7 percent this year.

Feb 10, 2015

TSX edges higher despite slumping oil stocks

TORONTO, Feb 10 (Reuters) – Canada’s benchmark stock index
eked out a small gain on Tuesday, with a broad but shallow rally
mostly canceled out by resources stocks’ retreat amid further
oil price slips.

Oil prices fell after the International Energy Agency
earlier said global crude supplies could approach record highs,
its first slip in four sessions.

Feb 9, 2015
Feb 6, 2015

Canadian streaming TV should be available for all, consumer groups say

TORONTO, Feb 6 (Reuters) – Consumer advocacy groups want
recently launched streaming services from some of Canada’s
biggest telecom and cable companies made available to all,
telling the industry’s regulator on Friday that making the
purchase of one service dependent on purchase of another likely
breaks the rules.

The services – a joint venture called Shomi from Rogers
Communications and Shaw Communications, and
BCE’s CraveTV – aim to limit the threat posed by online
rivals such as Netflix.

Feb 5, 2015

TSX gains as oil price helps energy stocks

TORONTO, Feb 5 (Reuters) – Canada’s main stock index gained
on Thursday as a 4-percent jump in crude oil prices helped
energy stocks, while banks also contributed to a more positive
tone.

Oil and gas companies have come under pressure during a
sustained fall in the price of crude, a major Canadian export
that is at near six-year lows.

    • 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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