Correspondent, Toronto, Canada
Alastair's Feed
Jun 18, 2015

TSX gains on Fed comfort; energy shares drag

TORONTO, June 18 (Reuters) – Canada’s main stock index
advanced marginally on Thursday, with overall gains limited by
declines in energy and some financial shares, as the boost
provided by a more dovish U.S. Federal Reserve tone was undercut
by concern over the Greek debt crisis.

Investors worried about possibly drastic effects as the Fed
raises interest rates took comfort in the central bank’s latest
view of the U.S. economy, which hints at a slower pace of rate
hikes.

Jun 17, 2015

TSX slips after Fed, banks lead decline

TORONTO, June 17 (Reuters) – Canada’s main stock index
slipped on Wednesday as the country’s biggest banks retreated,
after the U.S. Federal Reserve moved cautiously towards rate
hikes later this year.

The central bank of Canada’s main trading partner said the
U.S. economy is growing moderately as it trimmed its growth
forecasts and stretched out its timeline for higher borrowing
costs.

Jun 16, 2015

TSX pauses ahead of Fed, frets about Greece

TORONTO, June 16 (Reuters) – Canada’s main stock index
treaded water on Tuesday as a bump in crude oil prices boosted
energy stocks while investors fretted about the Greek debt
crisis and awaited the Federal Reserve’s looming interest rate
decision.

Some miners and industrial stocks in the Toronto Stock
Exchange’s S&P/TSX composite index, which has been
grinding slowly lower since April, dropped sharply as gold, iron
ore and copper markets fell.

Jun 16, 2015

Canada stock exchange operator TMX turns to cattle sales

June 16 (Reuters) – TMX Group Ltd, operator of
Canada’s main stock exchange, hopes to rope a piece of the $90
billion North America cattle sector, and said on Tuesday that it
would offer the continent’s first online sales platform of its
kind.

The expansion into a new business comes weeks after the TMX
completed a six-month operations review, which analysts read as
focusing on streamlining its business. TMX shares were down 2.3
percent at C$52.77 in afternoon trade.

Jun 15, 2015

TSX rises but concerns linger; Hudson’s Bay jumps

TORONTO, June 15 (Reuters) – Canada’s main stock index
tiptoed higher on Monday despite the unfolding Greek debt drama,
helped by gains in shares such as Hudson’s Bay Co after
the retailer announced a $3.2 billion deal for Germany’s leading
department store chain.

Hudson’s Bay jumped almost 8 percent to C$25.89 after the
Canadian department store operator said it was buying the
Kaufhof chain from Metro for 2.8 billion euros.

Jun 11, 2015

TSX down as resource stocks slip on lower commodity prices

TORONTO, June 11 (Reuters) – Canada’s main stock index fell
back on Thursday as energy and mining stocks were tripped up by
softer commodity prices, with see-sawing action likely to
persist as investors fret about Greek debt talks and possible
U.S. interest rate hikes.

The International Monetary Fund dramatically raised the
stakes in Greece’s stalled debt talks on Thursday, announcing
that its delegation had left negotiations in Brussels and flown
home because of major differences with Athens.

Jun 10, 2015

TSX rises as oil prices jump, banks strengthen

TORONTO, June 10 (Reuters) – Canada’s main stock index rose
on Wednesday as oil and gas producers rallied on stronger crude
prices, while financial stocks gained on higher bond yields.

At 10:32 a.m. EDT (1432 GMT), the Toronto Stock Exchange’s
S&P/TSX composite index was up 101.47 points, or 0.68
percent, at 14,919.18. Eight of the index’s 10 main sectors rose
and advancers outnumbered decliners by almost 6-to-1.

Jun 9, 2015

Oil rally helps TSX reverse three-day skid

TORONTO, June 9 (Reuters) – Canada’s main stock index halted
a three-session skid on Tuesday as a jump in oil prices pushed
up energy shares in a market otherwise eyeing an eventual U.S.
interest rate hike and concerned about expensive stock prices.

Oil prices rose more than 3 percent as bullish investors
ramped up bets for another weekly drop in U.S. stockpiles.

Jun 9, 2015

TSX pushes higher on oil rally

TORONTO, June 9 (Reuters) – Canada’s main stock index rose
on Tuesday after a three-session drop as a jump in oil prices
pushed up energy shares in a market that otherwise continued to
slump.

Telecom and cable companies, supermarket chains, airlines,
healthcare and industrial names were all lower in morning
trading following a drop in Asian markets.

Jun 8, 2015

TSX tumbles on broad selloff, resource stocks weigh

TORONTO, June 8 (Reuters) – Canada’s main stock index
tumbled 1.4 percent on Monday, its third straight fall and the
sharpest selloff in almost three months, with across-the-board
declines led by resource and financial stocks.

While investors took cues from global markets, the impact
was magnified in Canada’s skittish market, which is particularly
attuned to both Chinese demand for its commodity exports and
economic recovery in the United States, its main trade partner.

    • 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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