Correspondent, Toronto, Canada
Alastair's Feed
Sep 30, 2015

TSX jumps 2 pct at end of dismal quarter

TORONTO, Sept 30 (Reuters) – Canada’s main stock index
gained more than 2 percent on Wednesday as surprisingly robust
domestic growth data boosted sentiment and Valeant
Pharmaceuticals International Inc shares rebounded
after being battered by charges of price gauging.

The Toronto Stock Exchange’s S&P/TSX composite index
gained 270 points, or 2.07 percent, to end the session
at 13,306.96.

Sep 29, 2015

TSX gains slightly, rally lacks momentum

TORONTO, Sept 29 (Reuters) – Canada’s main stock index rose
on Tuesday in choppy trading, as energy and banking stocks
helped lead the market back into positive territory after an
earlier reversal, while index heavyweight Valeant
Pharmaceuticals weighed.

The Toronto Stock Exchange’s S&P/TSX composite index
closed up 32.38 points, or 0.25 percent, at 13,036.96.
Seven of its 10 main groups rose.

Sep 28, 2015

TSX slumps as resources weigh, Valeant tumbles

TORONTO, Sept 28 (Reuters) – Canada’s main stock index
plunged on Monday, with drugmaker Valeant Pharmaceutical
International stunned by U.S. congressional rebuke and
global malaise hurting a range of Canadian resource companies as
commodities prices fell.

Shares of Valeant, a major weight on the index, fell 16.3
percent to C$221.81 after Democratic lawmakers attacked
“massive” price increases for two heart drugs after the company
bought them in February.

Sep 23, 2015

TSX falls as crude oil, global worries weigh

TORONTO, Sept 23 (Reuters) – Canada’s main stock index fell
on Wednesday, following hefty losses in the previous session, as
tumbling crude prices and weak manufacturing data out of China
and the United States hurt the resource-rich index in low-volume

The Toronto Stock Exchange’s S&P/TSX composite index
fell 107.40 points, or 0.80 percent, to end the
session at 13,383.69.

Sep 23, 2015

Train derailment plotters sentenced to life in prison in Canada

TORONTO, Sept 23 (Reuters) – A Toronto court on Wednesday
sentenced two men to life in prison for plotting to derail a
passenger train between New York and Toronto, with the judge
saying they had no remorse for violent plans meant to cause fear
and alter Canada’s foreign policy.

Tunisian postdoctoral student Chiheb Esseghaier and Raed
Jaser, a permanent Canadian resident of Palestinian descent,
were given the maximum sentence for conspiracy to commit murder
and participation in a terrorist group after the judge said they
showed no remorse and little prospect for rehabilitation.

Sep 22, 2015

Resource stocks tumble, taking TSX down 2 percent

TORONTO, Sept 22 (Reuters) – Canada’s main stock index
tumbled more than 2 percent on Tuesday as a sell-off in
commodities walloped resource stocks, leading across-the-board
declines in volatile trade.

The fall followed roughly 1 percent gains on both Monday and
Friday after the Federal Reserve held U.S. interest rates steady
last week and as investors continued to fret about Chinese
economic growth.

Sep 21, 2015

TSX adds 1 pct as crude rise helps energy stocks

TORONTO, Sept 21 (Reuters) – Canada’s main stock index added
almost 1 percent on Monday, bolstered by robust gains across
most of the index’s key sectors, including financial and energy
stocks, which were helped by higher crude oil prices.

Eight of the index’s 10 main groups gained, with seven of
them up at least 1 percent. Financial stocks, which make up more
than a third of the TSX’s weight, rose 1.7 percent.

Sep 18, 2015

Films chronicle gay rights from Stonewall to U.S. Supreme Court

TORONTO, Sept 18 (Reuters) – The fight for gay rights was
sparked by demonstrations against a heavy-handed police raid on
a New York nightclub in 1969, and registered a coda this year
with the U.S. Supreme Court’s ruling that same-sex marriage is
legal across the country.

Amid a rush of films exploring gender and sexuality at the
Toronto International Film Festival this month are two stories
that neatly bookend the nearly half-century of struggle.

Sep 16, 2015

TSX gains on crude bounce, energy sector jumps 5 pct

TORONTO, Sept 16 (Reuters) – Canada’s main stock index
surged on Wednesday as a jump in oil prices boosted energy
stocks and investors braced ahead of Thursday’s pivotal U.S.
Federal Reserve rate decision.

The overall group of oil and gas stocks jumped more than 5
percent after a sharp drawdown in U.S. stockpiles.

Sep 15, 2015

TSX rises, cautiously, ahead of Fed decision

TORONTO, Sept 15 (Reuters) – Canada’s main stock index rose
in a broad but shallow rally on Tuesday, while caution remained
a dominant theme on global markets as investors wait to see if
the U.S. Federal Reserve will hike interest rates for the first
time in nearly a decade.

“Day to day it’s tough to see which way this market’s
going,” said Allan Small, a senior investment adviser at
HollisWealth, who said trading volumes were muted.

    • 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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