Correspondent, Toronto, Canada
Alastair's Feed
Aug 20, 2013

C$ hits late-2011 low vs European currencies

TORONTO, Aug 20 (Reuters) – The Canadian dollar fell to its
weakest against the U.S. dollar in nearly two weeks and dropped
to its lowest against major European currencies since late 2011
on Tuesday, hurt by weak domestic data and a fall in the price
of U.S. crude oil.

The currency also took a hit as Canadian government bond
yields fell from highs reached on Monday. Lower yields tend to
reduce a currency’s appeal because they are less likely to
attract international capital flows.

Aug 16, 2013
Aug 16, 2013

Canada’s telecoms to change tack in anti-Verizon crusade: sources

TORONTO (Reuters) – Canada’s three biggest wireless companies plan to attack Verizon Communications Inc’s role in the U.S. government’s electronic spying scandal, as they scramble to force Ottawa to rethink rules that encourage Verizon to set up in Canada, according to four sources.

The Canadian government has so far spurned an intense lobbying effort from the trio – Rogers Communications, BCE Inc and Telus Corp – by insisting its policies will cut Canadians’ wireless bills.

Aug 15, 2013
Aug 13, 2013

Canada market regulator seeks views on budding exchange’s methods

TORONTO, Aug 13 (Reuters) – Ontario’s securities regulator
is seeking opinions on a prospective exchange operator’s radical
proposals about market trades and will mull whether to amend
rules governing Canadian markets to accommodate the newcomer.

The new entrant, Aequitas Innovations Inc, aims to break the
dominant grip of Toronto Stock Exchange operator TMX Group
on Canadian equity trading with innovative structures
that it says will improve the overall quality of trading.

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.

    • 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."
      Melbourne, Australia
      Joined Reuters:
      English, Arabic
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