Correspondent, Toronto, Canada
Alastair's Feed
Oct 23, 2014

Canada’s TMX plans options to curb high-speed trading

TORONTO (Reuters) – Canada’s biggest stock exchange operator plans to offer trading options for investors who fear speed-based computer strategies are undercutting them, a move it hopes will keep clients from leaving for rival marketplaces.

TMX Group Ltd (X.TO: Quote, Profile, Research, Stock Buzz) plans a “speed bump,” minimum order sizes and rebates for active flow on its smaller Alpha exchange, the company said on Thursday.

Oct 23, 2014

Canada’s Rogers says profit falls 28 pct, eyes rebound

TORONTO, Oct 23 (Reuters) – Canadian telecom and media
company Rogers Communications Inc posted a 28 percent
decline in third-quarter net income on Thursday, but reaffirmed
its profit targets for the year as it heralded the end of a
corporate shuffle.

Rogers, the country’s largest provider of cellular service,
added just 17,000 net wireless subscribers on contracts, who
typically spend more per month and are less likely to switch
providers than those who pay for service upfront.

Oct 22, 2014

Ottawa shooting shakes Canadians’ sense of security

CALGARY/TORONTO (Reuters) – A gun attack targeting the heart of Canada’s government has shaken the country’s closely guarded image as a sanctuary from the kinds of mass violence that plague the United States.

Canadian cities and towns hiked security around government buildings, schools and mass transit systems on Wednesday after a gunman entered Ottawa’s parliament building, leading to gunfire near a room where Prime Minister Stephen Harper was holding a meeting. The gunman was shot and killed.

Oct 16, 2014
Oct 16, 2014

Ackman: Lawyers have documents purported to show Allergan misled on Valeant

TORONTO (Reuters) – Billionaire investor William Ackman turned up the heat on Allergan Inc. on Thursday when he accused the Botox maker’s board of misleading investors to fend off a hostile takeover bid from Valeant Pharmaceuticals.

Ackman, whose hedge fund Pershing Square Capital Management is Allergan’s biggest shareholder, told reporters that his lawyers had seen documents that show Allergan’s board knowingly released misleading statements about Valeant.

Oct 1, 2014
Sep 30, 2014

Ernst & Young agrees to C$8 million settlement in Sino-Forest audit

TORONTO (Reuters) – Accounting firm Ernst & Young LLP [ERNY.UL] agreed on Tuesday to an C$8 million ($7.2 million) voluntary payment with Canada’s biggest securities regulator over its audits of Sino-Forest Corp [SCLC.UL] and another China-focused company.

Ernst & Young, which has already paid C$119 million to settle civil lawsuits in the two cases, did not admit to any wrongdoing in the no-contest settlement, which was approved by the Ontario Securities Commission (OSC).

Sep 30, 2014
Sep 29, 2014

Canada’s TMX names Lou Eccleston as CEO

TORONTO, Sept 29 (Reuters) – TMX Group Ltd named Lou
Eccleston as its new chief executive officer, the Toronto Stock
Exchange operator said on Monday, after a lengthy global search
to replace retiring CEO Tom Kloet.

Eccleston left McGraw Hill Financial in July. He
had most recently been president of the company’s S&P Capital IQ
unit, a real-time data provider, and chairman of index unit S&P
Dow Jones Indices.

Sep 29, 2014
    • 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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