Correspondent, Toronto, Canada
Alastair's Feed
Apr 30, 2015

BCE’s first-quarter profit helped by wireless, media drags

TORONTO, April 30 (Reuters) – A strong performance from BCE
Inc’s wireless unit helped Canada’s largest telecom
company post a modest gain in adjusted profit on Thursday, while
its media division paid out for a new streaming service and
higher sports content costs.

In its landline business, which accounts for well over half
of Montreal-based BCE’s revenue, growth in internet and TV
services barely offset the steady decline playing out in legacy
phone services.

Apr 29, 2015

TSX just squeezes higher as oil shares rise

TORONTO, April 29 (Reuters) – Canada’s main stock index
edged higher for a second straight day on Wednesday as crude oil
hit a 2015 high and lifted energy stocks, while a U.S. Federal
Reserve statement clouded the U.S. economic outlook.

The Fed downgraded its view of the labor market and economy
in Canada’s largest trading partner, leaving some investors to
wonder what factors could coax the Toronto Stock Exchange’s
benchmark S&P/TSX composite index higher.

Apr 28, 2015

TSX flat as mining shares rise and energy stocks slide

TORONTO, April 28 (Reuters) – Canada’s main stock index
barely rose on Tuesday, with a gap between the winning fortunes
of mining shares and the sharp falls of energy and industrial
stocks as investors shied away from big bets ahead of a U.S.
Federal Reserve pronouncement.

Investors will turn their focus to domestic corporate
results in coming days and weeks, with energy names coming in
for the most detailed scrutiny.

Apr 27, 2015

TSX drops as energy rally falters, miners buck the trend

TORONTO, April 27 (Reuters) – Canada’s main stock index fell
on Monday as a broad decline led by industrial and oil and gas
shares eclipsed a rise in mining stocks, which were helped by
buoyant metal prices.

Shares in Restaurant Brands International Inc,
formed by Burger King’s takeover of Canadian coffee and doughnut
chain Tim Hortons last year, fell 2.9 percent to C$49.14,
reversing an earlier jump, after reporting quarterly financial

Apr 27, 2015

TSX rises slightly, led by mining stocks

TORONTO, April 27 (Reuters) – Canada’s main stock index
gained on Monday as buoyant metal prices helped mining stocks
rise and investors cheered first-quarter results from Restaurant
Brands International Inc.

Restaurant Brands, formed by Burger King’s takeover of
Canadian coffee and doughnut chain Tim Hortons last year, gained
1.5 percent to C$51.36 as first-quarter revenue more than
doubled compared with the fourth quarter.

Apr 24, 2015

TSX edges higher as base-metals miners rise, golds drop

TORONTO, April 24 (Reuters) – Canada’s main stock index
gained modestly on Friday, rising 0.3 percent on the week, as a
jump in base metal miners overcame a drop in gold miners, which
were hit by a one-month low in bullion prices.

A rise in heavily weighted financial stocks also helped the
Toronto Stock Exchange’s S&P/TSX composite index stay
in the green, while losses in oil and gas shares weighed.

Apr 23, 2015

TSX climbs as energy, resources lead rebound

TORONTO, April 23 (Reuters) – Canada’s main stock index rose
on Thursday, helped by gains among energy and resource stocks,
which were bolstered by stronger commodity prices, as well as by
a modest rise from the influential financials group.

Oil futures hit a 2015 high as Saudi Arabia kept up a
bombing blitz in Yemen that has heightened fears about Middle
Eastern supply.

Apr 21, 2015

Mosaic aims to bring color to cheap 3D printers

TORONTO, April 21 (Reuters) – Canadian tech start-up Mosaic
is putting color into low-end 3D printers in a move to make the
technology more accessible for everything from architectural
modeling to medical training.

Mosaic is one of the latest in a slew of Canadian start-ups
to jump into hardware, as the tech landscape, especially in the
hardware segment enjoys a revival in Canada.

Apr 20, 2015

Profits down at Rogers Communications as customers exit

TORONTO (Reuters) – Rogers Communications Inc posted an unexpected 17 percent drop in quarterly profit on Monday as the cable, phone and media company struggled to hold on to customers during a period of industry-wide turbulence.

The Toronto-based company, already struggling to maintain its leading position in the wireless industry, had to deal with regulatory changes in both its wireless and television markets that make it easier for customers to switch to rivals.

Apr 20, 2015

TSX rises as railways, banks and energy stocks gain

TORONTO, April 20 (Reuters) – Canada’s main stock index rose
on Monday as oil price gains helped oil and gas companies, and
railways and banks also moved higher.

The country’s two main railway companies both jumped ahead
of their earnings. Canadian National Railway Co, which
reported results after markets closed, gained 2.7 percent to
C$83.35, and Canadian Pacific Railway Ltd added 2.2
percent to C$237.26.

    • 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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