Correspondent, Toronto, Canada
Alastair's Feed
May 13, 2015

TSX down for third day as energy and rails weigh

TORONTO, May 13 (Reuters) – Canada’s main stock index fell
for a third straight session on Wednesday, with heavyweight
energy and railway companies among the biggest losers as crude
prices slipped and investors worried about economic growth.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 62.43 points, or 0.42 percent, at
14,980.72. Eight of the ten main sectors were lower.

May 12, 2015

TSX tracks global markets lower in broad retreat

TORONTO, May 12 (Reuters) – Canada’s main stock index fell
sharply on Tuesday, tracking global equities, as volatility in
bond markets and other worries rattled investors worldwide.

The heavily weighted energy sector slipped despite a 3
percent gain in the price of crude, itself mostly a function of
a weaker U.S. dollar.

May 11, 2015

TSX slips as oil and gas stocks weigh

TORONTO, May 11 (Reuters) – Canada’s main stock index eased
on Monday as energy companies fell on lower oil prices, with
investors also cautious on China’s latest interest rate cut and
prospects for a resolution of Greece’s financial woes.

Oil and gas shares were down 1 percent as crude prices came
under pressure from signs of a rejuvenation in already bloated
U.S. shale supplies.

May 1, 2015

TSX rebounds as industrials, miners gain

TORONTO, May 1 (Reuters) – Canada’s main stock index
rebounded on Friday, with gains among miners, industrials and
banks helping recoup almost all the previous session’s losses.

The most influential riser was Valeant Pharmaceuticals
International Inc, which jumped 3.7 percent to
C$271.19, after a slew of analysts raised price targets. The
drugmaker had raised its earnings and sales forecasts on
Wednesday.

Apr 30, 2015

TSX falls as earnings reports fail to impress

TORONTO, April 30 (Reuters) – Canada’s main stock index fell
on Thursday as investors, positioning their portfolios at the
end of the month, appeared less than impressed by a host of
quarterly results.

Still, the Toronto Stock Exchange’s S&P/TSX composite index
rose 2.2 percent in April.

Apr 30, 2015

BCE’s first-quarter profit helped by wireless, media drags

TORONTO, April 30 (Reuters) – A strong performance from BCE
Inc’s wireless unit helped Canada’s largest telecom
company post a modest gain in adjusted profit on Thursday, while
its media division paid out for a new streaming service and
higher sports content costs.

In its landline business, which accounts for well over half
of Montreal-based BCE’s revenue, growth in internet and TV
services barely offset the steady decline playing out in legacy
phone services.

Apr 29, 2015

TSX just squeezes higher as oil shares rise

TORONTO, April 29 (Reuters) – Canada’s main stock index
edged higher for a second straight day on Wednesday as crude oil
hit a 2015 high and lifted energy stocks, while a U.S. Federal
Reserve statement clouded the U.S. economic outlook.

The Fed downgraded its view of the labor market and economy
in Canada’s largest trading partner, leaving some investors to
wonder what factors could coax the Toronto Stock Exchange’s
benchmark S&P/TSX composite index higher.

Apr 28, 2015

TSX flat as mining shares rise and energy stocks slide

TORONTO, April 28 (Reuters) – Canada’s main stock index
barely rose on Tuesday, with a gap between the winning fortunes
of mining shares and the sharp falls of energy and industrial
stocks as investors shied away from big bets ahead of a U.S.
Federal Reserve pronouncement.

Investors will turn their focus to domestic corporate
results in coming days and weeks, with energy names coming in
for the most detailed scrutiny.

Apr 27, 2015

TSX drops as energy rally falters, miners buck the trend

TORONTO, April 27 (Reuters) – Canada’s main stock index fell
on Monday as a broad decline led by industrial and oil and gas
shares eclipsed a rise in mining stocks, which were helped by
buoyant metal prices.

Shares in Restaurant Brands International Inc,
formed by Burger King’s takeover of Canadian coffee and doughnut
chain Tim Hortons last year, fell 2.9 percent to C$49.14,
reversing an earlier jump, after reporting quarterly financial
results.

Apr 27, 2015

TSX rises slightly, led by mining stocks

TORONTO, April 27 (Reuters) – Canada’s main stock index
gained on Monday as buoyant metal prices helped mining stocks
rise and investors cheered first-quarter results from Restaurant
Brands International Inc.

Restaurant Brands, formed by Burger King’s takeover of
Canadian coffee and doughnut chain Tim Hortons last year, gained
1.5 percent to C$51.36 as first-quarter revenue more than
doubled compared with the fourth quarter.

    • 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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