Correspondent, Toronto, Canada
Alastair's Feed
Dec 24, 2014
Dec 23, 2014

TSX hits two-week high as banks, energy companies lead rally

TORONTO, Dec 23 (Reuters) – Canada’s main stock index rose
to its highest level in more than two weeks on Tuesday, led by
energy and financial stocks, as the release of
stronger-than-expected U.S. and Canadian growth data helped
boost investor confidence.

Confidence had already improved following last week’s
meeting of the U.S. Federal Reserve, after which the central
bank said it would be careful as it looks to raise interest
rates next year.

Dec 23, 2014
Dec 22, 2014

TSX edges lower as oil slip hurts energy companies

TORONTO, Dec 22 (Reuters) – Canada’s main stock index edged
lower on Monday as energy companies took cues from oil’s return
to price slips, offset by gains in some of the country’s biggest
banks.

Oil and gas stocks have fallen sharply in recent weeks, but
most ticked higher last week after one among them, Talisman
Energy Inc, was acquired by oil major Repsol.

Dec 19, 2014

BlackBerry third-quarter revenue falls more than expected, shares slide

TORONTO (Reuters) – BlackBerry Ltd (BB.TO: Quote, Profile, Research, Stock Buzz)(BBRY.O: Quote, Profile, Research, Stock Buzz) on Friday reported a bigger-than-expected drop in third-quarter revenue, sending shares of the struggling smartphone maker lower, even as it eked out a small adjusted profit and began generating cash flow again.

Revenue fell to $793 million from $1.19 billion a year earlier, falling short of analysts’ expectations of $931.5 million. BlackBerry’s Nasdaq-listed shares fell 5.7 percent to $9.50 in premarket trading.

Dec 19, 2014

BlackBerry 3rd-qtr revenue falls more than expected, shares slide

TORONTO, Dec 19 (Reuters) – BlackBerry Ltd
on Friday reported a bigger-than-expected drop in third-quarter
revenue, sending shares of the struggling smartphone maker
lower, even as it eked out a small adjusted profit and began
generating cash flow again.

Revenue fell to $793 million from $1.19 billion a year
earlier, falling short of analysts’ expectations of $931.5
million. BlackBerry’s Nasdaq-listed shares fell 5.7 percent to
$9.50 in premarket trading.

Dec 18, 2014

Canada unveils major wireless spectrum plan

TORONTO, Dec 18 (Reuters) – The Canadian government unveiled
a major update to its wireless airwave policy on Thursday, as it
seeks to lower cellphone bills and bolster its coffers ahead of
a federal election next year.

The plan for making more of the invisible infrastructure
available for fast-growing mobile uses like video includes an
auction of high-frequency AWS-3 spectrum beginning on March 3.

Dec 18, 2014

TSX ends higher as energy stocks buck oil price fall

TORONTO, Dec 18 (Reuters) – Canada’s main stock index rose
on Thursday, with energy stocks bucking weak oil prices as
investors returned to riskier assets after an upbeat assessment
of the U.S. economy by the Federal Reserve.

Trading was volatile, however, with the index at one point
turning negative after rising as much as 1.6 percent and telecom
stocks exerting downward pressure.

Dec 18, 2014

TSX higher as oil rebound, Fed view whet risk appetite

TORONTO, Dec 18 (Reuters) – Canada’s main stock index rose
on Thursday, buoyed by a rally in resource stocks as a rebound
in oil prices and an upbeat assessment of the U.S. economy by
the Federal Reserve pushed investors back toward riskier assets.

Trading was volatile, however, with the index at one point
turning negative after rising as much as 1.6 percent, with
industrial and telecom stocks exerting downward pressure.

Dec 17, 2014

TSX surges as Talisman deal sparks jump in oil shares

TORONTO, Dec 17 (Reuters) – Canada’s main stock index surged
on Wednesday as oil and gas shares wounded in the rout of oil
prices regained some vitality on the $8.3 billion bid by Spain’s
Repsol to buy Talisman Energy Inc.

The energy group on the benchmark TSX index has shed more
than a third of its value since June as the price of crude oil
has plummeted to near 5-1/2 year lows. But Tuesday’s news
of Repsol’s deal for Canada’s fifth-largest independent producer
has encouraged investors to reassess.

    • 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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