Correspondent, Toronto, Canada
Alastair's Feed
Aug 14, 2015

TSX gains, but resource stocks still in funk

TORONTO, Aug 14 (Reuters) – Canada’s main stock index gained
on Friday, but the rise was limited by continued weakness in
mining and oil and gas shares.

Eight of the 10 main sectors on the Toronto Stock Exchange’s
S&P/TSX composite index advanced, though advancers
barely outnumbered decliners in low-volume trade and the index
still notched a 0.2 percent weekly decline as weak crude oil
prices weigh.

Aug 13, 2015

Energy slump weighs on TSX; Canadian Tire misses

TORONTO, Aug 13 (Reuters) – A slump in energy shares helped
push Canada’s main stock index to its third straight loss on
Thursday as U.S. oil prices slid to fresh lows, though a Chinese
central bank assurance on the yuan reduced some investor fears.

Energy stocks stumbled 3 percent as crude prices took
another beating. U.S. crude prices were down 2.4 percent
to $42.25 a barrel, while Brent crude lost 0.8 percent
to $49.27.

Aug 12, 2015

TSX falls on yuan weakness, global demand worries

TORONTO, Aug 12 (Reuters) – Canada’s main stock index fell
on Wednesday as China’s currency weakened further, but pared its
sharpest losses as oil prices bounced off six-year lows.

Losses were heaviest among banks, fertilizer producers and
some energy stocks.

Crude oil prices rose following Tuesday’s
rout, while base metals sank to six-year lows on worries
demand from China, the world’s top metals buyer, would wane.

Aug 11, 2015

TSX slips as China devaluation hits resource shares

TORONTO, Aug 11 (Reuters) – Canada’s resource-laden main
stock index fell back on Tuesday, as oil and mining stocks were
hit by a rout in commodity prices following China’s unexpected
move to devalue its currency.

The Toronto Stock Exchange’s S&P/TSX composite index
sank as much as 1.4 percent before paring those losses
to close down 51.72 points, or 0.36 percent, at 14,414.67. Seven
of the 10 main sectors lost ground.

Aug 10, 2015

TSX rises as commodities, bank gain

TORONTO, Aug 10 (Reuters) – Canada’s main stock index
rebounded on Monday, with robust gains from major banks and a
surge in some gold miners and energy companies helping the index
rise over 1 percent, more than cancelling out Friday’s slump.

Four of the six biggest positive drivers were banks. The
financials group, which also includes insurers and makes up
roughly a third of the index, climbed 1.2 percent.

Aug 10, 2015

Canada’s Telus brings back company veteran Entwistle as CEO

TORONTO, Aug 10 (Reuters) – Telus Corp announced a
surprise change in its leadership on Monday, with former Chief
Executive Officer Darren Entwistle returning as CEO of the major
Canadian telecoms company a little over a year after handing the
reins to Joe Natale.

Telus, which is based in Vancouver on Canada’s West Coast,
said it made the change after Natale said he would not move to
Western Canada by 2017, sparking an “extensive review.”

Aug 7, 2015

TSX drops as weak oil prices hit energy shares

TORONTO, Aug 7 (Reuters) – Canada’s main stock index fell on
Friday in a broad retreat led by heavyweight energy and
financial stocks as oil prices recorded their sixth straight
weekly loss and North American jobs data highlighted Canada’s
relatively limp economy.

Canadian employment data showed a small gain in June, but a
loss of full-time positions, while U.S. numbers were close
enough to forecast to stoke bets the Federal Reserve will raise
interest rates, perhaps as early as September.

Aug 7, 2015

Canada’s Telus adds wireless customers; revenue up 5.1 pct

TORONTO, Aug 7 (Reuters) – Telus Corp, one of
Canada’s three big telecoms providers, reported a 5.1 percent
rise in quarterly revenue on Friday, while gaining wireless,
Internet and television customers during a tumultuous period for
the industry.

Telus said that in the second quarter it added 76,000
contract wireless customers, who typically spend much more per
month for wireless service than those who prepay.

Aug 7, 2015

TSX lower as energy stocks slip, miners rise

TORONTO, Aug 7 (Reuters) – Canada’s main stock index slipped
on Friday, with shares in gold miners among the leading lights
and energy companies weighing heavily amid weakness in the
underlying commodities.

Miners helped limit the damage, with Barrick Gold Corp
jumping 6 percent to C$9.53, and Goldcorp Inc
advancing 2.3 percent to C$18.08. The materials group climbed
1.4 percent as the price of gold steadied.

Aug 6, 2015

TSX ends lower as banks, healthcare sectors weaken

TORONTO, Aug 6 (Reuters) – Canada’s main stock index ended
lower on Thursday, dragged down by weakness in the financial and
healthcare sectors ahead of a U.S. jobs report.

The U.S. July nonfarm payrolls data, due to be released on
Friday, is seen as a barometer of economic health and could
influence the Federal Reserve’s monetary policy decisions.

    • 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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