Correspondent, Toronto, Canada
Alastair's Feed
Jan 15, 2015
Jan 14, 2015
Jan 14, 2015
Jan 14, 2015
Jan 14, 2015

Shaw Communications profit drops on streaming startup costs

TORONTO (Reuters) – Canadian cable-TV operator Shaw Communications Inc reported a 7 percent drop in quarterly profit on Wednesday, hurt by a fall in video subscriptions and the costs of launching its new video streaming service.

Cable providers have struggled to respond to the popularity of cheaper online-only rivals such as Netflix, and Shaw said it lost C$13 million ($11 million) on the startup of its subscription video-on-demand service, called shomi, a joint venture with Rogers Communications.

Jan 7, 2015

TSX index climbs on U.S. data, firmer oil prices

TORONTO, Jan 7 (Reuters) – Canada’s main stock index
advanced moderately on Wednesday, helped by positive U.S.
economic data and a pause in the rout of crude prices, which
lifted market sentiment if not the shares of oil companies.

The rebound came after two straight sessions of sharp index
declines with oil and gas shares getting hit by concerns about a
global supply glut.

Jan 7, 2015
Jan 5, 2015
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.

    • 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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