Correspondent, Toronto, Canada
Alastair's Feed
Jun 22, 2015

TSX rallies on Greece hopes; gold miners lag

TORONTO, June 22 (Reuters) – Canada’s main stock index
rallied broadly on Monday, bolstered by investor optimism over
Greece’s latest attempt to avoid defaulting on its debts, a
development that cast shade on the price of safe-haven gold and
hurt its miners.

The Toronto Stock Exchange’s S&P/TSX composite index
gained 137.36 points, or 0.94 percent, to end at
14,790.48. All 10 main sectors closed higher, although the
materials group that includes miners barely rose.

Jun 19, 2015

TSX slides as Greek worries nag, retail sales disappoint

TORONTO, June 19 (Reuters) – Canada’s main stock index fell
to its lowest close since mid-January on Friday as disappointing
domestic retail sales data added to the market’s anxiety over
the Greek debt crisis.

With crude and base metals prices slumping, the index’s
heavily weighted energy and materials sectors led a broad
decline, with Canada’s big banks and Valeant Pharmaceuticals
also down.

Jun 18, 2015

TSX gains on Fed comfort; energy shares drag

TORONTO, June 18 (Reuters) – Canada’s main stock index
advanced marginally on Thursday, with overall gains limited by
declines in energy and some financial shares, as the boost
provided by a more dovish U.S. Federal Reserve tone was undercut
by concern over the Greek debt crisis.

Investors worried about possibly drastic effects as the Fed
raises interest rates took comfort in the central bank’s latest
view of the U.S. economy, which hints at a slower pace of rate

Jun 17, 2015

TSX slips after Fed, banks lead decline

TORONTO, June 17 (Reuters) – Canada’s main stock index
slipped on Wednesday as the country’s biggest banks retreated,
after the U.S. Federal Reserve moved cautiously towards rate
hikes later this year.

The central bank of Canada’s main trading partner said the
U.S. economy is growing moderately as it trimmed its growth
forecasts and stretched out its timeline for higher borrowing

Jun 16, 2015

TSX pauses ahead of Fed, frets about Greece

TORONTO, June 16 (Reuters) – Canada’s main stock index
treaded water on Tuesday as a bump in crude oil prices boosted
energy stocks while investors fretted about the Greek debt
crisis and awaited the Federal Reserve’s looming interest rate

Some miners and industrial stocks in the Toronto Stock
Exchange’s S&P/TSX composite index, which has been
grinding slowly lower since April, dropped sharply as gold, iron
ore and copper markets fell.

Jun 16, 2015

Canada stock exchange operator TMX turns to cattle sales

June 16 (Reuters) – TMX Group Ltd, operator of
Canada’s main stock exchange, hopes to rope a piece of the $90
billion North America cattle sector, and said on Tuesday that it
would offer the continent’s first online sales platform of its

The expansion into a new business comes weeks after the TMX
completed a six-month operations review, which analysts read as
focusing on streamlining its business. TMX shares were down 2.3
percent at C$52.77 in afternoon trade.

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.

    • 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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