TORONTO, Feb 12 (Reuters) – Big insurers weighed on Canada’s
main stock index on Thursday, but major banks and blue-chip
energy companies pushed the market higher as crude oil prices
Shares in Manulife Financial and Sun Life Financial
slipped after the insurers reported disappointing
quarterly results. Manulife was
off 2.3 percent at C$21.33 while smaller rival Sunlife fell 6.5
percent to C$39.23.
TORONTO, Feb 12 (Reuters) – Telus Corp, one of
Canada’s three dominant telecommunications companies, reported
an 8 percent rise in quarterly profit on Thursday and forecast
solid revenue and earnings growth in 2015.
The Vancouver-based company’s results overcame fears the
wireless industry is slowing as Telus added 118,000 postpaid
wireless customers, who typically spend more than those who
prepay for service, in the fourth quarter. It said it expects
wireless earnings to increase 3-7 percent this year.
TORONTO, Feb 10 (Reuters) – Canada’s benchmark stock index
eked out a small gain on Tuesday, with a broad but shallow rally
mostly canceled out by resources stocks’ retreat amid further
oil price slips.
Oil prices fell after the International Energy Agency
earlier said global crude supplies could approach record highs,
its first slip in four sessions.
TORONTO, Feb 6 (Reuters) – Consumer advocacy groups want
recently launched streaming services from some of Canada’s
biggest telecom and cable companies made available to all,
telling the industry’s regulator on Friday that making the
purchase of one service dependent on purchase of another likely
breaks the rules.
The services – a joint venture called Shomi from Rogers
Communications and Shaw Communications, and
BCE’s CraveTV – aim to limit the threat posed by online
rivals such as Netflix.
TORONTO, Feb 5 (Reuters) – Canada’s main stock index gained
on Thursday as a 4-percent jump in crude oil prices helped
energy stocks, while banks also contributed to a more positive
Oil and gas companies have come under pressure during a
sustained fall in the price of crude, a major Canadian export
that is at near six-year lows.