Correspondent, Toronto, Canada
Alastair's Feed
Dec 12, 2014

TSX falls 5 pct on week; Amaya slumps on raid

TORONTO, Dec 12 (Reuters) – Canada’s main stock index ended
1.25 percent lower on Friday as a raid on the Montreal offices
of gaming company Amaya Inc weighed on its shares and
those of two financial firms also involved in the securities
regulator probe.

The index, buffeted by plunging oil prices that have hit
domestic energy producers hard, lost more than 5 percent on the
week, its biggest weeklong slip since September 2011.

Dec 11, 2014
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Dec 10, 2014

Canada’s Telus says wants in on ‘Internet of things’ growth

TORONTO (Reuters) – Telus Corp (T.TO: Quote, Profile, Research, Stock Buzz) launched a package of technologies that connect and control machines via the Internet on Wednesday as the Canadian telecom company bids to generate sales from the so-called “Internet of things”.

Among the services Telus will offer are retail traffic analysis so that stores can better stock their shelves, and a safety application that will allow restaurants to check conditions such as air and food temperature and water flow.

Dec 8, 2014

Energy selloff fuels biggest TSX drop in almost 18 months

TORONTO, Dec 8 (Reuters) – Canada’s main stock index
recorded its biggest single-day percentage drop in nearly 18
months on Monday as a selloff in oil sent shares of energy
producers tumbling and raised fears about a wholesale retreat
from Canadian equities.

With world oil prices showing no signs of slowing their
decline to five-year lows, Canada’s large number of energy
stocks were among the hardest hit but were by no means the only
ones.

Dec 8, 2014

TSX drops 2.5 pct in energy-led sell-off

TORONTO, Dec 8 (Reuters) – Canada’s main stock index slumped
on Monday, at one point tracking its sharpest fall since 2011,
in a broad-based sell-off led by financial and resource shares.

With world oil prices showing no signs of slowing their
tumble to five-year lows, Canada’s large number of energy stocks
and miners were among the hardest hit. They were joined by
banks, part of the single largest constituent of the index.

    • 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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