Correspondent, Toronto, Canada
Alastair's Feed
Nov 8, 2013

Canada’s Telus reports 10 pct profit rise on wireless, TV growth

TORONTO (Reuters) – Telus Corp (T.TO: Quote, Profile, Research, Stock Buzz), one of Canada’s biggest telecom companies, posted a 10 percent rise in third-quarter profit on Friday, helped by strong growth in its wireless unit as well as steady customer additions for television and Internet service.

Its shares gained more than 2 percent, hitting a five-month high, as the company upped its dividend payout and said it was investing aggressively in building out its networks in order to maintain its growth profile over the longer term.

Nov 7, 2013
Oct 31, 2013
Oct 28, 2013

TSX index hits 2-year high before closing lower

TORONTO, Oct 28 (Reuters) – Canada’s main stock index closed
lower on Monday after briefly reaching a two-year high, weighed
down by several heavyweight energy and mining stocks as well as
a retreat by the country’s two main railways.

Offsetting those declines, the country’s largest banks
turned in another positive performance. Financial stocks have
jumped in recent weeks as investors grew more confident that the
U.S. Federal Reserve will stick with its monetary stimulus for

Oct 28, 2013

TSX index hits 2-year high before erasing gains

TORONTO, Oct 28 (Reuters) – Canada’s main stock index
touched a two-year high on Monday before erasing gains to trade
little changed, as banks inched higher and some of the country’s
heavyweight mining and energy stocks slipped.

“We’ve had a heck of a move already this month in North
American markets, particularly in Canada,” said Irwin Michael, a
portfolio manager at ABC Funds. “There doesn’t appear to be a
lot of fear right now, it’s complacency.”

Oct 27, 2013
Oct 25, 2013

TSX gains 2 pct on week as resource stocks push higher

TORONTO, Oct 25 (Reuters) – Canada’s main stock index gained
2 percent this week, with Friday’s broad-based gains led by
heavyweight energy and banking stocks as the index extended its
two-year peak.

Investors are growing optimistic about the resource-rich
index amid the increased likelihood of extended monetary
stimulus in the United States and renewed Chinese growth.

Oct 25, 2013
Oct 25, 2013

TSX on track for 3rd straight 1 pct weekly gain

TORONTO, Oct 25 (Reuters) – Canada’s main stock index made
minor gains on Friday, with higher energy and financial stocks
more than offsetting a pullback in gold miners and other
materials stocks.

Gold miners, which made strong gains a day earlier driven by
strong results and higher bullion prices, pulled back. Goldcorp
Inc slipped 0.8 percent to C$27.55 and Barrick Gold Corp
was off 0.9 percent at C$20.78.

Oct 24, 2013

Pricing changes dent Rogers wireless revenue; profit up

TORONTO, Oct 24 (Reuters) – Rogers Communications Inc
said on Thursday third-quarter revenue slipped at its
wireless unit, the company’s biggest business, due to pricing
revisions, even as its profit squeaked past expectations.

Canada’s largest wireless company, which has some 9.5
million mobile customers, said revenue was crimped by new,
lower-priced roaming plans, while phone sales also dropped and
fewer people signed up for service.

    • 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."
      Melbourne, Australia
      Joined Reuters:
      English, Arabic
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