Correspondent, Toronto, Canada
Alastair's Feed
Mar 5, 2013
Mar 5, 2013
Mar 5, 2013

Analysis – Canadian dollar set to drop further as economy struggles

NEW YORK/TORONTO (Reuters) – The Canadian dollar, which has been declining against the U.S. dollar so far this year, is expected to slip further in the near term as a slowing Canadian economy and cooling housing market keep the nation’s interest rates near historic low levels.

Speculators turned bearish on the loonie last week, with data from the Commodity Futures Trading Commission showing investors going net short for the first time since a brief retreat in mid-2012. <IMM/FX>

Mar 4, 2013

BCE’s $2.9 billion Astral purchase clears a hurdle in Canada

TORONTO (Reuters) – Canada’s Competition Bureau has approved BCE Inc’s plan to acquire Astral Media Inc for C$3 billion ($2.9 billion), but the Bell parent’s offer to buy the media company must still pass muster with the telecommunications regulator.

The competition watchdog said on Monday its approval carried the condition that BCE, a growing broadcaster, must sell some of Astral’s pay and specialty television channels, including several Disney channels.

Mar 4, 2013

BCE’s C$3 bln Astral purchase clears a hurdle in Canada

TORONTO, March 4 (Reuters) – Canada’s Competition Bureau has
approved BCE Inc’s plan to acquire Astral Media Inc
for C$3 billion ($2.9 billion), but the Bell parent’s
offer to buy the media company must still pass muster with the
telecommunications regulator.

The competition watchdog said on Monday its approval carried
the condition that BCE, a growing broadcaster, must sell some of
Astral’s pay and specialty television channels, including
several Disney channels.

Mar 4, 2013

Canada competition bureau backs $2.9 billion BCE-Astral deal

TORONTO (Reuters) – Canada’s Competition Bureau has approved BCE Inc’s plan to acquire Astral Media Inc for C$3 billion ($2.9 billion), but the Bell parent’s offer to buy the media company must still pass muster with the telecommunications regulator.

The competition watchdog said on Monday its approval carried the condition that BCE, a growing broadcaster, must sell some of Astral’s pay and specialty television channels, including several Disney channels.

Mar 4, 2013
Mar 1, 2013
Mar 1, 2013

C$ makes gains after in-line Canada GDP data

TORONTO, March 1 (Reuters) – The Canadian dollar pared early
losses and traded stronger on Friday after domestic economic
growth data for December and the fourth quarter came out in line
with forecasts.

The Canadian economy chalked up another quarter of weak
growth at the end of 2012, and shrank 0.2 percent in December
for its first monthly decline since February 2012.

Mar 1, 2013

Canadian manufacturing PMI expands modestly in February

TORONTO, March 1 (Reuters) – The pace of Canadian
manufacturing activity picked up modestly in February, notching
the strongest expansion in five months, according to data
released on Friday, though growth was still slower than the
historical norm.

The RBC Canadian Manufacturing Purchasing Managers’ Index
was at 51.7 last month after adjusting for seasonal variation,
rising from a weak 50.5 in January. A reading above 50
represents expansion.

    • 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."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
    • More from Alastair

    • Contact Alastair

    • Follow Alastair