Correspondent, Toronto, Canada
Alastair's Feed
Jul 21, 2015

Infidelity website Ashley Madison faces ‘doomsday scenario’ after hack: bankers

TORONTO (Reuters) – Infidelity website AshleyMadison.com, which has been struggling to launch a London IPO, can kiss goodbye plans for a listing this year, banking sources said on Tuesday, as hackers threatened to publish names and salacious details about its clients unless the website shuts itself down.

The website’s Canadian parent hoped to raise up to $200 million by listing its shares in London this year, five years after a lack of investor appetite caused it to cancel an attempt to list at home.

Jul 20, 2015

Cheating website relieved it is not being judged after hack

TORONTO, July 20 (Reuters) – Cheating spouses website
AshleyMadison.com, facing hackers’ threats to leak clients’ nude
photos and sexual fantasies, said it is heartened by some
initial public response that sees the site as a victim.

The website’s Canadian parent, Avid Life Media, confirmed a
breach of its systems that has put the real names, credit card
information and other details of as many as 37 million customers
at risk. Avid Life said it has since secured the sites and
closed unauthorized access points.

Jul 17, 2015

TSX rising streak snapped as resource shares retreat

TORONTO, July 17 (Reuters) – Canada’s main stock index fell
on Friday, snapping a five-session streak of gains as investors
pulled back from mining and oil and gas companies and banks also
dropped.

With bullion prices hitting a five-year low, Canada’s gold
miners featured prominently in the loss column. Franco-Nevada
Corp gave up 3.4 percent to C$55.75 and Goldcorp Inc
fell 6.1 percent to C$19.10. The index’s materials sector, which
includes miners, fell 2.8 percent.

Jul 16, 2015

TSX notches 5th straight gain as banks bounce

TORONTO, July 16 (Reuters) – Canada’s main stock index
gained on Thursday, with banking stocks leading the way a day
after the central bank cut interest rates, while gold miners
fell as renewed anticipation of a U.S. Federal Reserve rate hike
this year hit bullion prices.

The Toronto Stock Exchange’s S&P/TSX composite index
ended the day up 68.80 points, or 0.47 percent, at
14,731.08. Seven of its 10 main sectors gained.

Jul 16, 2015

TSX gains on boost to banks, Magna deal cheered

TORONTO, July 16 (Reuters) – Canada’s main stock index
gained on Thursday, with banking stocks leading the way a day
after the central bank cut rates, while auto parts maker Magna
International Inc rose after it said it would buy a
German peer.

The most influential boosts included Royal Bank of Canada
, which rose 1.2 percent to C$78.19, and Toronto-Dominion
Bank, which advanced 1 percent to C$53.24.

Jul 14, 2015

TSX rises as oil shares gain after Iran deal

TORONTO, July 14 (Reuters) – Canada’s main stock index rose on Tuesday as
oil and gas stocks gained after a landmark nuclear deal between Iran and six
global powers left sanctions on the country’s crude exports in place for now,
boosting energy prices.

The deal added to cautious optimism in recent sessions about an agreement to
avert Greece’s exit from the euro currency bloc and a rebound in China equities
after a rout.

Jul 14, 2015

Canada’s TMX sells its Equicom PR business to National

TORONTO, July 14 (Reuters) – TMX Group Ltd said on
Tuesday it has sold its investor relations and financial
communications arm Equicom to National Public Relations, marking
the first decisive move by the stock exchange operator since
completing a strategic review.

National said existing Equicom clients should see no
disruption, while TMX said the sale fits into its refreshed
strategy of focusing on core products and services.

Jul 13, 2015

TSX rallies broadly as Greek deal lifts sentiment

TORONTO, July 13 (Reuters) – Canada’s main stock index
rallied on Monday, sharing in global market relief that
all-night talks between Greece and euro zone leaders had
resulted in a deal that would keep Athens afloat and a part of
the euro monetary union.

While Greece has little direct bearing on Canadian equities,
investors had fretted about the fallout if the talks to keep the
country in the euro zone had failed.

Jul 9, 2015

TSX falls as skittish investors retreat; miners buck trend

TORONTO, July 9 (Reuters) – Canada’s main stock index fell
on Thursday, as investors retreated in the face of a range of
worries, although gains in the price of gold and copper helped
some miners.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 133.58 points, or 0.93 percent, at
14,278.49. All of the index’s 10 main groups fell, adding to
Wednesday’s bruising retreat.

Jul 8, 2015

TSX tumbles 1.5 pct, hit by global jitters

TORONTO, July 8 (Reuters) – Canada’s main stock index
slumped almost 1.5 percent on Wednesday, caught up in broader
risk aversion prompted by a selloff in equities in China and
hurt by a fall in the price of oil.

The declines on Bay Street were widespread and included
traditional safe havens such as financials, healthcare and
consumer stocks that had found favor with investors last week.

    • 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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