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

Oil gains help TSX close at highest since September

TORONTO, April 9 (Reuters) – Canada’s main stock index
notched its sixth straight gain and its highest close since
September on Thursday, led up by big banks and industrial and
energy shares.

Oil and gas shares were up 1.5 percent as a rise in oil
prices helped some producers, while the overall long-term
outlook for the sector was seen as less pessimistic.

Apr 8, 2015

Canada finance minister to set balanced budget law

TORONTO, April 8 (Reuters) – Canadian Finance Minister Joe
Oliver announced legislation on Wednesday committing the
government to a balanced budget except if there is recession or
an “extraordinary circumstance.”

The bill will fulfill a 2013 pledge by the ruling
Conservatives as they head into an October election seeking to
portray themselves as the best economic managers.

Apr 8, 2015

Manulife deal helps TSX rise, but oil shares drop

TORONTO, April 8 (Reuters) – Canada’s main stock index
extended a rally into a fifth session on Wednesday as Manulife
Financial Corp led major financial stocks higher after
signing an Asian distribution deal, while consumer names also
rose.

The gains were limited by a retreat among oil and gas
producers as the price of crude fell back.

Apr 7, 2015

TSX hits one-month high as resources gain

TORONTO, April 7 (Reuters) – Canada’s main stock index
advanced to its highest in more than a month on Tuesday, lifted
by gains among its biggest banks and some major energy companies
as oil prices climbed.

The broad gains were echoed in global markets, with
potential deal activity boosting European indexes as well as
Wall Street.

Apr 6, 2015

TSX pushed higher by resource stocks as oil, gold gain

TORONTO, April 6 (Reuters) – Canada’s main stock index
gained half a percent on Monday as a jump in the prices of crude
oil and gold helped oil and gas stocks and mining issues finish
higher.

Energy stocks gained almost 2 percent, rising in tandem with
a surge in crude prices, which rose after Saudi Arabia hiked its
oil prices for Asia for a second month in a row and as U.S
inventories data showed barely a rise last week.

Apr 6, 2015

TSX pushed higher by resource stocks as oil, gold gain

TORONTO, April 6 (Reuters) – Canada’s main stock index
gained half a percent on Monday as a jump in the prices of crude
oil and gold helped oil and gas stocks and mining issues finish
higher.

Energy stocks gained almost 2 percent, rising in tandem with
a surge in crude prices, which rose after Saudi Arabia hiked its
oil prices for Asia for a second month in a row and as U.S
inventories data showed barely a rise last week.

Apr 2, 2015

Canada pledges balanced budget on April 21 despite oil drop

TORONTO, April 2 (Reuters) – Canadian Finance Minister Joe
Oliver promised on Thursday to deliver a balanced budget on
April 21 despite the economic damage from low oil prices, and
pledged to avoid what he called tax-and-spend plans that could
damage a fragile recovery.

The finance minister normally unveils the budget in February
or March, ahead of the April 1 start of the fiscal year, but
Oliver put it off to have a better sense of where oil prices
would end up and their effect on the economy and the budget.

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).

    • 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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