Correspondent, Toronto, Canada
Alastair's Feed
Aug 9, 2013

More weakness seen for Canadian dollar as greenback gains from Fed pullback: Reuters poll

TORONTO (Reuters) – The Canadian dollar is expected to drop further against the U.S. dollar in the coming months and stay weaker for longer than previously forecast, a Reuters poll of economists and currency strategists showed on Friday, with a pull-back in the U.S. Federal Reserve’s stimulus program boosting the greenback.

The median forecast in the survey of 45 economists and foreign exchange strategists was for the Canadian dollar to trade at C$1.04 to the U.S. dollar in one month, and at C$1.05 in three months and six months.

Aug 8, 2013

Canadian telcos BCE and Telus fail to impress despite growth

TORONTO, Aug 8 (Reuters) – Two of Canada’s dominant trio of
telecom companies reported that wireless growth boosted their
quarterly revenue on Thursday but neither BCE Inc nor
Telus Corp posted earnings that impressed the market and
their shares slipped.

The shares of both companies were down roughly 0.8 percent.
Analysts found fault with the results on diverse fronts, with
each company missing expectations on at least some of the
analysts’ key measurements. RBC, for instance, said BCE missed
its expectations on wireless subscriber growth and average
bills, while Telus disappointed it on fixed-line TV subscribers.

Aug 8, 2013
Aug 8, 2013
Aug 8, 2013

Analysis: Ottawa set to leave telecom door open for Verizon

TORONTO (Reuters) – Canada’s wireless industry is bracing for its biggest shakeup in decades as Ottawa appears impervious to pleas that it block U.S. giant Verizon Communications Inc from the lucrative market.

The three big domestic players, Rogers Communications Inc, BCE Inc’s Bell and Telus Corp, which cater to 90 percent of the country’s wireless subscribers, have launched a massive public relations campaign against rules designed to increase competition.

Aug 8, 2013

Ottawa set to leave telecom door open for Verizon

TORONTO, Aug 8 (Reuters) – Canada’s wireless industry is
bracing for its biggest shakeup in decades as Ottawa appears
impervious to pleas that it block U.S. giant Verizon
Communications Inc from the lucrative market.

The three big domestic players, Rogers Communications Inc
, BCE Inc’s Bell and Telus Corp, which
cater to 90 percent of the country’s wireless subscribers, have
launched a massive public relations campaign against rules
designed to increase competition.

Aug 2, 2013

Rogers designs plan to thwart Verizon move into Canada

TORONTO, Aug 2 (Reuters) – Rogers Communications,
Canada’s largest wireless phone company, has crafted a plan to
gain control of two struggling rivals to impede any move by U.S.
giant Verizon Communications Inc into Canada, an industry
source has confirmed to Reuters.

The proposed deal, reported first by the Globe and Mail
newspaper, would involve Rogers helping Toronto-based investment
firm Birch Hill Equity Partners Management Inc to fund purchases
of controlling stakes in the two small companies, Wind Mobile
and Mobilicity.()

Aug 1, 2013

TMX profit above forecast but Canada market volume weak

TORONTO, Aug 1 (Reuters) – Shares in TMX Group Ltd,
owner of Canada’s biggest stock exchange, gained on Thursday
after the company reported a better-than-expected second-quarter
profit, helped by the sale of a fixed income service but limited
by limp trading volumes.

The Toronto Stock Exchange operator’s net income was C$25.5
million ($24.8 million), or 47 Canadian cents a share, on
revenue of C$182.3 million.

Jul 31, 2013

Torstar faces sluggish newspaper ad market, sets bleak outlook

TORONTO, July 31 (Reuters) – Torstar Corp, owner of
Canada’s largest daily newspaper by circulation, warned that
print revenue would remain under pressure in the second half of
the year, after reporting its fifth straight decline in
quarterly profit.

The dismal earnings report and outlook sent shares of the
Toronto Star owner down nearly 6 percent in morning trading on
Wednesday.

Jul 30, 2013

Telus challenges Ottawa’s wireless policy in court

TORONTO, July 30 (Reuters) – Telus Corp, one of
Canada’s big three wireless companies, has taken the government
to court to challenge policies aimed at encouraging more
competition.

Telus, second-largest provider of wireless service in
Canada, late on Monday sought a judicial review in federal court
in Ottawa over government restrictions on the sale of licenses
to use airwaves.

    • 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."
      Hometown:
      Melbourne, Australia
      Joined Reuters:
      2007
      Languages:
      English, Arabic
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