Correspondent, Toronto, Canada
Alastair's Feed
Jan 19, 2015

TSX declines as oil prices, energy shares weaken

TORONTO, Jan 19 (Reuters) – Canada’s main stock index eased
on Monday as a decline in oil prices and concerns about the
Chinese economy weighed on energy shares, which resumed their
downward trend.

The Chinese premier said the country’s economy faces
significant downward pressure this year. Investors were also
awaiting China’s fourth-quarter gross domestic product report,
due on Tuesday.

Jan 16, 2015

Canada’s Oliver says economy in “pretty good” shape despite oil

TORONTO, Jan 16 (Reuters) – Canadians should not be “unduly
pessimistic” about the economic impact of the recent slide in
oil prices, Finance Minister Joe Oliver said on Friday, a day
after delaying the federal budget due to energy market

“The Canadian economy is in pretty good shape despite this
(fall in oil prices),” Oliver said in an interview on CP24
television. “We shouldn’t be unduly pessimistic. Canada is doing
well, we’ve created 1.2 million jobs, we’re doing better than
most other countries and Canadians should be reassured by that.”

Jan 15, 2015
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Jan 14, 2015

Shaw Communications profit drops on streaming startup costs

TORONTO (Reuters) – Canadian cable-TV operator Shaw Communications Inc reported a 7 percent drop in quarterly profit on Wednesday, hurt by a fall in video subscriptions and the costs of launching its new video streaming service.

Cable providers have struggled to respond to the popularity of cheaper online-only rivals such as Netflix, and Shaw said it lost C$13 million ($11 million) on the startup of its subscription video-on-demand service, called shomi, a joint venture with Rogers Communications.

Jan 7, 2015

TSX index climbs on U.S. data, firmer oil prices

TORONTO, Jan 7 (Reuters) – Canada’s main stock index
advanced moderately on Wednesday, helped by positive U.S.
economic data and a pause in the rout of crude prices, which
lifted market sentiment if not the shares of oil companies.

The rebound came after two straight sessions of sharp index
declines with oil and gas shares getting hit by concerns about a
global supply glut.

    • 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:
      English, Arabic
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