Correspondent, Toronto, Canada
Alastair's Feed
Apr 7, 2015

TSX hits one-month high as resources gain

TORONTO, April 7 (Reuters) – Canada’s main stock index
advanced to its highest in more than a month on Tuesday, lifted
by gains among its biggest banks and some major energy companies
as oil prices climbed.

The broad gains were echoed in global markets, with
potential deal activity boosting European indexes as well as
Wall Street.

Apr 6, 2015

TSX pushed higher by resource stocks as oil, gold gain

TORONTO, April 6 (Reuters) – Canada’s main stock index
gained half a percent on Monday as a jump in the prices of crude
oil and gold helped oil and gas stocks and mining issues finish
higher.

Energy stocks gained almost 2 percent, rising in tandem with
a surge in crude prices, which rose after Saudi Arabia hiked its
oil prices for Asia for a second month in a row and as U.S
inventories data showed barely a rise last week.

Apr 6, 2015

TSX pushed higher by resource stocks as oil, gold gain

TORONTO, April 6 (Reuters) – Canada’s main stock index
gained half a percent on Monday as a jump in the prices of crude
oil and gold helped oil and gas stocks and mining issues finish
higher.

Energy stocks gained almost 2 percent, rising in tandem with
a surge in crude prices, which rose after Saudi Arabia hiked its
oil prices for Asia for a second month in a row and as U.S
inventories data showed barely a rise last week.

Apr 2, 2015

Canada pledges balanced budget on April 21 despite oil drop

TORONTO, April 2 (Reuters) – Canadian Finance Minister Joe
Oliver promised on Thursday to deliver a balanced budget on
April 21 despite the economic damage from low oil prices, and
pledged to avoid what he called tax-and-spend plans that could
damage a fragile recovery.

The finance minister normally unveils the budget in February
or March, ahead of the April 1 start of the fiscal year, but
Oliver put it off to have a better sense of where oil prices
would end up and their effect on the economy and the budget.

Mar 27, 2015

BlackBerry reports fourth-quarter profit; sales miss

TORONTO, March 27 (Reuters) – BlackBerry Ltd
posted better-than-expected quarterly earnings on Friday,
offering signs its turnaround efforts may be beginning to gain
traction, but a larger-than-expected drop in revenue worried
investors.

The stock seesawed in premarket trading, reflecting the
mixed investor sentiment. The stock initially rose sharply, then
fell into negative territory. It was up 4.8 percent at $9.75 at
8 a.m. EDT (1200 GMT) on Nasdaq.

Mar 26, 2015

TSX falls on broad declines despite oil price surge

TORONTO, March 26 (Reuters) – Canada’s main stock index
slipped on Thursday as pessimism about economic growth hit banks
and insurers, offsetting limited resource stock gains on the
back of Middle Eastern violence that pushed oil prices higher.

Saudi Arabia and its allies launched air strikes on rebels
in Yemen that spooked investors, boosting commodity markets but
dampening enthusiasm for equities globally.

Mar 25, 2015

BCE media executive apologizes for editorial intrusion

TORONTO (Reuters) – A senior executive at BCE Inc’s Bell Media unit apologized on Wednesday for interfering in editorial coverage after Canada biggest communications company was harshly rebuked by the country’s broadcast regulator.

The apology came after the Globe and Mail newspaper, citing unnamed sources, reported Bell Media’s President Kevin Crull told the head of CTV News not to conduct or air interviews with the chairman of the Canadian Radio-television and Telecommunications Commission (CRTC).

Mar 25, 2015

TSX falls 1 pct, energy is only rising sector

TORONTO, March 25 (Reuters) – Canada’s main stock index fell
1 percent on Wednesday, with heavyweight banks and insurers
weighing, while a bounce in oil prices helped some of the
country’s biggest oil and gas producers.

The overall slip was less severe than that seen in the
United States, as investors fretted about economic data in
Canada’s largest trading partner.

Mar 23, 2015

Canada’s Wind Mobile gets new CEO, directors after Vimpelcom exit

TORONTO, March 23 (Reuters) – Wind Mobile, Canada’s No. 4
wireless provider, named a new chief executive officer and
several new board members on Monday, months after the
acrimonious exit of its biggest shareholder.

Alek Krstajic, who had run fellow small player Public Mobile
before it was bought by much larger operator Telus Corp
in 2013, replaces Pietro Cordova as CEO. Cordova had been
appointed by Wind’s former majority shareholder, Vimpelcom, a
European operator.

Mar 11, 2015

Canada’s Neo stock exchange to waive market data fees for some

TORONTO, March 11 (Reuters) – A new Canadian stock exchange
set to launch in late March will offer attractive fees for
market data or waive them altogether in a challenge to the
dominance of TMX Group’s Toronto Stock Exchange (TSX).

Aequitas Innovations Inc said on Wednesday its Neo exchange
will not charge retail investors for access to real-time
displayed market data for securities listed on the primary and
TSX Venture exchanges.

    • 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
    • More from Alastair

    • Contact Alastair

    • Follow Alastair