Correspondent, Toronto, Canada
Alastair's Feed
Aug 5, 2015

Rise in banks, consumer stocks help TSX eke out 6th gain

TORONTO, Aug 5 (Reuters) – Canada’s main stock index eked
out a slight gain on Wednesday, as investors bought up bank and
consumer stocks, while a slip in prices for oil and other
commodities hurt energy companies and miners.

The Toronto Stock Exchange’s S&P/TSX composite index
recorded its sixth straight rise, ending up 11.94
points, or 0.08 percent, at 14,502.99.

Aug 4, 2015

TSX rises as consumer sectors offset energy weakness

TORONTO, Aug 4 (Reuters) – Canada’s main stock index climbed
modestly on Tuesday as strength in its consumer discretionary
and consumer staples groups overwhelmed a decline in the energy
sector.

The Toronto Stock Exchange was closed on Monday, a public
holiday in most of Canada, when U.S. indexes slipped on weaker
oil prices.

Aug 4, 2015

TSX slightly lower as energy shares weigh

TORONTO, Aug 4 (Reuters) – Canada’s main stock index was
slightly lower on Tuesday, with shares in oil and gas companies
weighing and consumer stocks helping keep the index near its
previous close.

The Toronto Stock Exchange was closed on Monday, a public
holiday in most of Canada, when U.S. indexes slipped on weaker
oil prices.

Jul 31, 2015

TSX rally pushes on with aid of banks, miners

TORONTO, July 31 (Reuters) – Canada’s main stock index
notched its fourth straight day of gains on Friday, with the
heavily weighted financials and materials sectors leading the
way as investors sought value after a bleak couple of months.

The index had slipped below 14,000 for the first time since
mid-January last week, as investors fretted about slumping oil
prices and slowing Chinese demand for commodities.

Jul 30, 2015

TSX gains as energy shares bounce; Open Text surges

TORONTO, July 30 (Reuters) – Canada’s main stock index rose
on Thursday, helped by a second day of gains for energy shares
after plumbing new depths earlier in the week, and with shares
in Open Text Corp surging after the software company’s
outlook impressed investors.

The energy sector jumped 2.9 percent, after gaining a
similar amount on Wednesday, after separate data showed a much
steeper than expected drawdown in U.S. stockpiles and a slip in
U.S. production.

Jul 29, 2015

TSX jumps as investors cheer oil data; Fed in spotlight

TORONTO, July 29 (Reuters) – Canada’s main stock index
jumped on Wednesday, helped by gains in banks, railways and oil
companies as crude prices bounced from near six-month lows and
the Federal Reserve left the door open for a September interest
rate hike.

The U.S. central bank said the economy and job market of
Canada’s main trading partner continues to strengthen, which was
seen as a baby step toward higher rates.

Jul 29, 2015

CGI exiting low-margin markets, eyes M&A in cyber security

TORONTO (Reuters) – CGI Group Inc (GIBa.TO: Quote, Profile, Research, Stock Buzz), the information systems and management consultancy, said on Wednesday it would target acquisitions in cyber security while exiting some markets entirely, as it reported third-quarter profit and revenue that missed estimates.

The company’s chief executive officer said it has compiled a short list of 85 potential acquisition targets that would help it grow by delving deeper into industries, three years after going wide with its Logica acquisition.

Jul 28, 2015

TSX snaps seven-day skid on energy bounce

TORONTO, July 28 (Reuters) – Canada’s main stock index broke
a seven-day slump on Tuesday as investors picked through
earnings reports for glimmers of hope and resource stocks
bounced off recent lows.

The energy sector has lost more than a quarter of its value
since a peak in mid-April. It rose 2 percent on the day, as oil
prices stabilized after a four-day slide.

Jul 28, 2015

TSX scratches higher after seven-day skid

TORONTO, July 28 (Reuters) – Canada’s main stock index edged
higher on Tuesday after a seven-day streak of losses as
investors picked through earnings reports and several resource
stocks got a bounce from recent lows.

BlackBerry Ltd gained 4.8 percent to C$9.96 after
Morgan Stanley upgraded the stock of the smartphone pioneer.

Jul 27, 2015

China worry hits Canada’s TSX hard

TORONTO, July 27 (Reuters) – Canada’s main stock index fell
sharply on Monday, hitting its lowest level since January, in a
broad retreat as heavyweight resource-based companies dipped on
lower commodity prices and the latest plunge in Chinese
equities.

The 1.3 percent drop was the seventh straight session of
losses for the Toronto Stock Exchange’s S&P/TSX composite index
, and its first day trading below 14,000 since January.

    • 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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