Correspondent, Toronto, Canada
Alastair's Feed
Jun 15, 2015

TSX rises but concerns linger; Hudson’s Bay jumps

TORONTO, June 15 (Reuters) – Canada’s main stock index
tiptoed higher on Monday despite the unfolding Greek debt drama,
helped by gains in shares such as Hudson’s Bay Co after
the retailer announced a $3.2 billion deal for Germany’s leading
department store chain.

Hudson’s Bay jumped almost 8 percent to C$25.89 after the
Canadian department store operator said it was buying the
Kaufhof chain from Metro for 2.8 billion euros.

Jun 11, 2015

TSX down as resource stocks slip on lower commodity prices

TORONTO, June 11 (Reuters) – Canada’s main stock index fell
back on Thursday as energy and mining stocks were tripped up by
softer commodity prices, with see-sawing action likely to
persist as investors fret about Greek debt talks and possible
U.S. interest rate hikes.

The International Monetary Fund dramatically raised the
stakes in Greece’s stalled debt talks on Thursday, announcing
that its delegation had left negotiations in Brussels and flown
home because of major differences with Athens.

Jun 10, 2015

TSX rises as oil prices jump, banks strengthen

TORONTO, June 10 (Reuters) – Canada’s main stock index rose
on Wednesday as oil and gas producers rallied on stronger crude
prices, while financial stocks gained on higher bond yields.

At 10:32 a.m. EDT (1432 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index was up 101.47 points, or 0.68
percent, at 14,919.18. Eight of the index’s 10 main sectors rose
and advancers outnumbered decliners by almost 6-to-1.

Jun 9, 2015

Oil rally helps TSX reverse three-day skid

TORONTO, June 9 (Reuters) – Canada’s main stock index halted
a three-session skid on Tuesday as a jump in oil prices pushed
up energy shares in a market otherwise eyeing an eventual U.S.
interest rate hike and concerned about expensive stock prices.

Oil prices rose more than 3 percent as bullish investors
ramped up bets for another weekly drop in U.S. stockpiles.

Jun 9, 2015

TSX pushes higher on oil rally

TORONTO, June 9 (Reuters) – Canada’s main stock index rose
on Tuesday after a three-session drop as a jump in oil prices
pushed up energy shares in a market that otherwise continued to

Telecom and cable companies, supermarket chains, airlines,
healthcare and industrial names were all lower in morning
trading following a drop in Asian markets.

Jun 8, 2015

TSX tumbles on broad selloff, resource stocks weigh

TORONTO, June 8 (Reuters) – Canada’s main stock index
tumbled 1.4 percent on Monday, its third straight fall and the
sharpest selloff in almost three months, with across-the-board
declines led by resource and financial stocks.

While investors took cues from global markets, the impact
was magnified in Canada’s skittish market, which is particularly
attuned to both Chinese demand for its commodity exports and
economic recovery in the United States, its main trade partner.

Jun 5, 2015

TSX falls as investors seek clarity on Greece, Fed rate hike

TORONTO, June 5 (Reuters) – Canada’s main stock index fell
further on Friday as investors retreated from a range of stocks
amid uncertainty about the Greek debt crisis and the timing of
possible U.S. rate hikes.

See-sawing crude oil prices also played havoc on the
resource-rich index as the OPEC producers group kept its oil
output target unchanged and the U.S. dollar surged.

Jun 4, 2015

Investors shun TSX amid oil, bond market tumult

TORONTO, June 4 (Reuters) – Canada’s main stock index fell
on Thursday as a tumble in oil prices stung energy producers and
bucking bond markets had investors backing away from utilities
and pipelines.

Investors are jittery about a slew of unresolved issues in
global financial markets, including uncertainty around when the
U.S. economy will be judged strong enough to merit Federal
Reserve rate hikes.

Jun 4, 2015

Canada to tighten borders, aims to disrupt ‘jihadist’ financing

TORONTO (Reuters) – Canada plans to tighten its border security by collecting fingerprints and other biometric data from more foreign travelers, Prime Minister Stephen Harper said on Thursday.

He also said his Conservative federal government would commit additional resources to help the country’s spy agency and tax collection agency interrupt “jihadist terrorism.”

Jun 4, 2015

Global funk infects TSX, resource stocks lead declines

TORONTO, June 4 (Reuters) – Canada’s main stock index fell
on Thursday as energy stocks, miners and fertilizer companies
retreated in the face of persistent volatility in bond markets
that left global financial market confidence in short supply.

Crude oil fell ahead of a key producer meeting, base metals
prices retreated on concerns about slipping Chinese growth, and
Greece and its debtors talked some more.

    • 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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