Correspondent, Toronto, Canada
Alastair's Feed
Jun 30, 2015

TSX higher as energy shares gain; down 3 pct in June

TORONTO, June 30 (Reuters) – Canada’s main stock index
regained some ground on Tuesday after Monday’s precipitous drop,
with energy shares leading broad gains as crude bounced off
three-week lows.

The oscillations could extend through the week amid low
volumes ahead of a Greek referendum on the terms of a bailout
package on Sunday, with Canadian markets closed on Wednesday and
U.S. markets shut on Friday.

Jun 30, 2015

TSX bounces higher as banks, energy shares gain

TORONTO, June 30 (Reuters) – Canada’s main stock index
regained some ground on Tuesday after Monday’s precipitous drop,
with banks rebounding and rising oil prices helping energy

The Toronto Stock Exchange’s S&P/TSX composite index
was up 48.27 points, or 0.33 percent, at 14,538.42 at
midmorning. It fell more than 2 percent on Monday.

Jun 29, 2015

TSX erases 2015 gains on Greek crisis

TORONTO, June 29 (Reuters) – Canada’s main stock index fell
more than 2 percent on Monday, wiping out its 2015 gains with
banks leading a near-unanimous retreat as debt-wracked Greece
said it will miss a 1.6 billion euro loan payment and investors
worried it could leave the euro.

All but eight stocks on the Toronto Stock Exchange’s S&P/TSX
composite index fell, and each of the 10 main sectors
lost at least 1 percent in the sharpest selloff since January 5.

Jun 29, 2015

TSX dives as Greece crisis spurs bank selloff

TORONTO, June 29 (Reuters) – Canada’s main stock index fell
more than 1.5 percent on Monday as investors fretted about the
impact if Greece exits the euro, with banks taking the brunt of
the losses and gold miners listed among the few gainers.

A breakdown in talks between Greece and its creditors has
pushed the country closer to default on its loans and possibly
out of the currency bloc.

Jun 26, 2015

TSX broadly retreats, but ends week up 1.1 pct

TORONTO, June 26 (Reuters) – Canada’s main stock index
slipped on Friday in a broad retreat led by utilities and
resource stocks, although the index still managed a 1.1 percent
gain in a week dominated by the ongoing Greek debt drama.

The Toronto Stock Exchange’s S&P/TSX composite index
lost 89.41 points, or 0.60 percent, to 14,854.21,
adding to Thursday’s decline after a three-day bounce.

Jun 25, 2015

TSX breaks 3-day winning streak as energy weighs

TORONTO, June 25 (Reuters) – Canada’s main stock index
finished lower on Thursday, pulled down by a hefty retreat in
energy names that snapped a three-session rally.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 50.01 points, or 0.33 percent, at 14,897.5.

Jun 25, 2015

Shaw Communications loses customers, profit falls 8 pct in 3td qtr

TORONTO, June 25 (Reuters) – Canadian cable television
provider Shaw Communications Inc reported an 8 percent
fall in third-quarter profit on Thursday and said it would
likely reach the lower end of its full-year operating income

Calgary-based Shaw, which competes with Telus Corp
for customers in Canada’s West, said it lost more than 27,000
television subscribers across cable and satellite and almost
21,000 landline telephone accounts. It added around 7,200 new
Internet customers.

Jun 24, 2015

TSX hits 2-1/2-week high as energy leads

TORONTO, June 24 (Reuters) – Canada’s main stock index rose
for a third straight day on Wednesday, hitting a 2-1/2-week high
as energy stocks shrugged off a fall in crude prices and
investors held on to hopes for a satisfactory resolution to the
Greek debt talks.

The gains bucked broader global trends as creditors demanded
more from Greece’s left-wing government.

Jun 24, 2015

Canada’s Rogers says to buy Mobilicity, Shaw airwaves

TORONTO, June 24 (Reuters) – Rogers Communications Inc
has made a series of deals to try to solidify its
position as Canada’s largest wireless operator.

Rogers said on Wednesday it will pay C$440 million ($355
million) to buy struggling wireless operator Mobilicity and
C$100 million to complete a longstanding agreement to buy
airwaves from cable and media company Shaw Communications Inc
. It had already paid $250 million to secure the Shaw
purchase option.

Jun 23, 2015

TSX at two-week high on Greece hopes, technicals

TORONTO, June 23 (Reuters) – Canada’s main stock index hit
its highest close in more than two weeks on Tuesday, extending
Monday’s sharp rebound, as heavyweight energy, financial and
mining stocks gained in part on optimism about a deal to stave
off Greek default.

The energy sector jumped most, up 1.7 percent, as crude
prices popped higher ahead of U.S. data expected to show strong
demand for oil products.

    • 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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