Correspondent, Toronto, Canada
Alastair's Feed
Dec 16, 2014

Canada’s TSX boosted by Repsol purchase of Talisman

TORONTO, Dec 16 (Reuters) – Canada’s main stock index jumped
on Tuesday, with Talisman Energy Inc surging 46 percent
after Spanish oil major Repsol agreed to buy the
independent producer for $13 billion.

Other resource companies also gained as the Repsol move was
seen as a model that could be replicated with other Canadian
stocks suffering from sinking commodity prices while borrowing
costs remain at historical lows.

Dec 15, 2014

TSX unable to hold gains despite Talisman takeover surge

TORONTO, Dec 15 (Reuters) – A surge in shares of takeover
target Talisman Energy Inc was not enough to keep
Canada’s main stock index in the black on Monday after falling
more than 5 percent last week, with the broader
resource-extraction industries weighing.

The Toronto Stock Exchange’s S&P/TSX composite index
ended lower after a strong start to the session, which
one analyst pointed to as a sign investors are nervous.

Dec 15, 2014

TSX up on Talisman takeover surge

TORONTO, Dec 15 (Reuters) – A surge in shares of takeover
target Talisman Energy Inc helped Canada’s main stock
index turn higher on Monday after falling more than 5 percent
last week.

Shares of Calgary-based Talisman, Canada’s fifth-largest
independent petroleum producer, jumped almost 20 percent to
C$6.05, after Spanish oil major Repsol said it was considering a
bid.

Dec 15, 2014
Dec 15, 2014
Dec 15, 2014
Dec 12, 2014

Apple pacts in Canada may have raised prices: court filing

OTTAWA/TORONTO (Reuters) – Canadian consumers may have ended up paying higher prices for cellphones and wireless services because of contracts between Apple Inc’s Canadian unit and domestic carriers, the Canadian Competition Bureau said in a court filing this week.

The iPhone has given Apple extraordinary bargaining power with mobile carriers around the world, and the Canadian watchdog wants to know if it used that leverage to force domestic operators to sell rival devices at a higher price than they otherwise would have.

Dec 12, 2014
Dec 12, 2014

TSX falls 5 pct on week; Amaya slumps on raid

TORONTO, Dec 12 (Reuters) – Canada’s main stock index ended
1.25 percent lower on Friday as a raid on the Montreal offices
of gaming company Amaya Inc weighed on its shares and
those of two financial firms also involved in the securities
regulator probe.

The index, buffeted by plunging oil prices that have hit
domestic energy producers hard, lost more than 5 percent on the
week, its biggest weeklong slip since September 2011.

Dec 11, 2014
    • 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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