Would be nice if City Hall reporters could arrange to ask one coherent question the mayor would actually have to answer.
TORONTO, Oct 28 (Reuters) – Canada’s main stock index closed
lower on Monday after briefly reaching a two-year high, weighed
down by several heavyweight energy and mining stocks as well as
a retreat by the country’s two main railways.
Offsetting those declines, the country’s largest banks
turned in another positive performance. Financial stocks have
jumped in recent weeks as investors grew more confident that the
U.S. Federal Reserve will stick with its monetary stimulus for
TORONTO, Oct 28 (Reuters) – Canada’s main stock index
touched a two-year high on Monday before erasing gains to trade
little changed, as banks inched higher and some of the country’s
heavyweight mining and energy stocks slipped.
“We’ve had a heck of a move already this month in North
American markets, particularly in Canada,” said Irwin Michael, a
portfolio manager at ABC Funds. “There doesn’t appear to be a
lot of fear right now, it’s complacency.”
TORONTO, Oct 25 (Reuters) – Canada’s main stock index gained
2 percent this week, with Friday’s broad-based gains led by
heavyweight energy and banking stocks as the index extended its
Investors are growing optimistic about the resource-rich
index amid the increased likelihood of extended monetary
stimulus in the United States and renewed Chinese growth.
TORONTO, Oct 25 (Reuters) – Canada’s main stock index made
minor gains on Friday, with higher energy and financial stocks
more than offsetting a pullback in gold miners and other
Gold miners, which made strong gains a day earlier driven by
strong results and higher bullion prices, pulled back. Goldcorp
Inc slipped 0.8 percent to C$27.55 and Barrick Gold Corp
was off 0.9 percent at C$20.78.
TORONTO, Oct 24 (Reuters) – Rogers Communications Inc
said on Thursday third-quarter revenue slipped at its
wireless unit, the company’s biggest business, due to pricing
revisions, even as its profit squeaked past expectations.
Canada’s largest wireless company, which has some 9.5
million mobile customers, said revenue was crimped by new,
lower-priced roaming plans, while phone sales also dropped and
fewer people signed up for service.
TORONTO, Oct 23 (Reuters) – Canadian telecom company Telus
said on Wednesday it has agreed to buy 100 percent of
struggling startup Public Mobile from private equity firm
Cartesian Capital and Thomvest Seed Capital, a Toronto-based
investment vehicle backed by Peter Thomson.
The terms of the deal were not disclosed.
The Canadian government said in a separate statement that it
has approved the transfer of Public’s spectrum licenses to
Telus, paving the way for the deal to proceed.