Correspondent, Toronto, Canada
Alastair's Feed
Apr 20, 2015

Profit drops at Canada’s Rogers Communications as customers exit

TORONTO, April 20 (Reuters) – Canada’s 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

During the quarter, the Toronto-based company had to deal
with regulatory changes in both its wireless and television
markets. The changes make it easier for customers to switch to
rival services.

Apr 17, 2015

TSX declines as bank weakness offsets energy gains

TORONTO, April 17 (Reuters) – Canada’s main stock ended
moderately lower on Friday as some of the country’s largest
financial stocks retreated, while energy gains offset some of
the damage.

Energy shares managed to shrug off a decline in crude
prices, which came under pressure from signs that supply is
still growing.

Apr 17, 2015

TSX drops with oil price; banks weaken

TORONTO, April 17 (Reuters) – Canada’s main stock index was
broadly lower on Friday as heavyweight oil and gas shares
retreated on a drop in oil prices, while banks also took a hit.

Crude prices came under pressure from signs that supply is
still growing, and the benchmark index’s energy group retreated
0.4 percent.

Apr 16, 2015

Energy drop leads TSX into red

TORONTO, April 16 (Reuters) – Canada’s main stock index fell
on Thursday as energy bears won a scuffle in the ongoing battle
against bulls who expect a recovery in crude oil prices to limit
long-term damage to the country’s major oil and gas industry.

A day earlier the index hit a seven-month high, helped by a
surge in the price of oil, but investors failed to muster much
enthusiasm for a fresh 2015 crude price peak hit after militants
took control of a Yemeni oil terminal.

Apr 15, 2015

Oil price jump pushes resource-rich TSX higher

TORONTO, April 15 (Reuters) – A surge in the price of oil
helped Canada’s main stock index gain on Wednesday, as its
weighty oil and gas companies rose.

During the session, the Toronto Stock Exchange’s S&P/TSX
composite index hit a fresh seven-month high, although
it later pared those advances to finish up 0.4 percent.

Apr 14, 2015

TSX ekes out gain as energy rally offsets broad drop

TORONTO, April 14 (Reuters) – Canada’s main stock index eked
out a small gain on Tuesday as a rally in energy stocks
single-handedly held off steep declines in a range of
industrial, consumer and mining shares.

The Toronto Stock Exchange’s S&P/TSX composite index
ended a seven-day win streak on Monday that took it to
its highest since September, and has since fluctuated around
15,400 points.

Apr 13, 2015

TSX win streak halted at 7; resource and industrials weigh

TORONTO, April 13 (Reuters) – Canada’s main stock index
slipped into the red on Monday, ending a 7-day winning streak as
rival miners won no love from a merger and investors also took
a step back from a range of industrial and energy names.

Shares in Alamos Gold Inc jumped 6.6 percent to
C$7.90 and AuRico Gold Inc surged 8.2 percent to C$4.09
as the pair of Canadian gold miners unveiled a $1.5 billion
merger plan.

Apr 10, 2015

TSX tracks world stocks higher, climbs for 7th straight session

TORONTO, April 10 (Reuters) – Canada’s main stock index
finished broadly higher on Friday, for a seventh straight day of
gains, buoyed in part by resource stocks that benefited from
higher commodity prices.

The index was also supported by the positive tone in equity
markets around the world, with global markets testing record
highs during the session.

Apr 9, 2015

Oil gains help TSX close at highest since September

TORONTO, April 9 (Reuters) – Canada’s main stock index
notched its sixth straight gain and its highest close since
September on Thursday, led up by big banks and industrial and
energy shares.

Oil and gas shares were up 1.5 percent as a rise in oil
prices helped some producers, while the overall long-term
outlook for the sector was seen as less pessimistic.

Apr 8, 2015

Canada finance minister to set balanced budget law

TORONTO, April 8 (Reuters) – Canadian Finance Minister Joe
Oliver announced legislation on Wednesday committing the
government to a balanced budget except if there is recession or
an “extraordinary circumstance.”

The bill will fulfill a 2013 pledge by the ruling
Conservatives as they head into an October election seeking to
portray themselves as the best economic managers.

    • 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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