Correspondent, Toronto, Canada
Alastair's Feed
Nov 25, 2014
Nov 24, 2014

Energy shares pull TSX lower; Hudson’s Bay jumps

TORONTO, Nov 24 (Reuters) – Canada’s main stock index
dropped on Monday after a six-day winning streak, as a decline
in the price of oil hit shares of energy producers and weakness
in the bullion price weighed on the gold-mining sector.

Gains in railways and a surge in Hudson’s Bay Co,
which outlined a $1.25 billion refinancing plan, gave investors
some cause for cheer even as the index edged lower.

Nov 18, 2014

Canadian public-private venture capital fund raises C$160 million

TORONTO, Nov 18 (Reuters) – The latest of several Canadian
government-backed investment funds that are being set up to
breathe life into the country’s venture capital industry raised
C$160 million ($141.6 million) on its initial closing, its
backers said on Tuesday.

The government said in early 2013 it would invest C$400
million in several new funds over seven to 10 years through its
Venture Capital Action Plan to match and attract private-sector
funding for Canadian startups.

Nov 17, 2014

Aequitas wins approval to launch new Canadian stock exchange

TORONTO, Nov 17 (Reuters) – Aequitas Innovations Inc, a
venture backed by some of Canada’s biggest financial entities,
won approval from the country’s main securities regulator on
Monday to launch a new stock exchange seeking to challenge TMX
Group Ltd’s dominant Toronto Stock Exchange.

The regulator, the Ontario Securities Commission, said the
exchange, called Neo, can start operating on March 1.

Nov 13, 2014

BlackBerry signs up Samsung, others, in new mobile services push

SAN FRANCISCO/TORONTO (Reuters) – BlackBerry (BB.TO: Quote, Profile, Research, Stock Buzz) announced partnerships with Samsung Electronics Co (005930.KS: Quote, Profile, Research, Stock Buzz) and other high-profile tech players on Thursday, broadening the reach of its new mobile-device management and security platform, and sending its shares 7 percent higher.

BlackBerry and Samsung, the world’s No. 1 smartphone maker, will offer a “highly secure mobility solution” for Samsung’s Android devices starting in early 2015. The system will wed BlackBerry’s security platform with the South Korean company’s own security software for its Galaxy devices.

Nov 13, 2014
Nov 13, 2014

Canada’s CGI posts 52 pct jump in profit, eyes acquisitions

TORONTO, Nov 13 (Reuters) – Canadian computer services
provider CGI Group posted a 52 percent rise in
fourth-quarter profit on Thursday, and said it was looking at
new buying opportunities as it completed the integration of
Logica, which gives the company a major boost in Europe.

The Montreal-based company, which had lost the contract to
manage last year’s U.S. healthcare plan known as Obamacare after
a botched launch, said it had since finished work on a range of
state-based healthcare projects.

Nov 11, 2014
Nov 11, 2014

China hackers target rights groups, say Canadian researchers

TORONTO (Reuters) – Chinese hackers are attacking activists, journalists and human rights groups using many of the same techniques they apply to steal state secrets and spy on corporations, a Canadian technology research group said on Tuesday.

The difference is that those groups lack resources to defend themselves against sophisticated intrusions and face greater risk from exposure, according to Citizen Lab, which researches the use of political power in cyberspace.

Nov 6, 2014

Canada telecoms show strong wireless, landline growth

TORONTO, Nov 6 (Reuters) – Two of Canada’s largest telecom
companies, Telus Corp and BCE Inc, reported
strong wireless growth on Thursday and an expanding
Internet-based TV presence in the third quarter, a period in
which their cable rivals struggled.

Quarterly results from regional telecom Quebecor Inc
also exceeded expectations as the company, which has
extensive cable exposure, held off BCE and Telus’s TV expansion.

    • 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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