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

Canada’s TMX sells its Equicom PR business to National

TORONTO, July 14 (Reuters) – TMX Group Ltd said on
Tuesday it has sold its investor relations and financial
communications arm Equicom to National Public Relations, marking
the first decisive move by the stock exchange operator since
completing a strategic review.

National said existing Equicom clients should see no
disruption, while TMX said the sale fits into its refreshed
strategy of focusing on core products and services.

Jul 13, 2015

TSX rallies broadly as Greek deal lifts sentiment

TORONTO, July 13 (Reuters) – Canada’s main stock index
rallied on Monday, sharing in global market relief that
all-night talks between Greece and euro zone leaders had
resulted in a deal that would keep Athens afloat and a part of
the euro monetary union.

While Greece has little direct bearing on Canadian equities,
investors had fretted about the fallout if the talks to keep the
country in the euro zone had failed.

Jul 9, 2015

TSX falls as skittish investors retreat; miners buck trend

TORONTO, July 9 (Reuters) – Canada’s main stock index fell
on Thursday, as investors retreated in the face of a range of
worries, although gains in the price of gold and copper helped
some miners.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 133.58 points, or 0.93 percent, at
14,278.49. All of the index’s 10 main groups fell, adding to
Wednesday’s bruising retreat.

Jul 8, 2015

TSX tumbles 1.5 pct, hit by global jitters

TORONTO, July 8 (Reuters) – Canada’s main stock index
slumped almost 1.5 percent on Wednesday, caught up in broader
risk aversion prompted by a selloff in equities in China and
hurt by a fall in the price of oil.

The declines on Bay Street were widespread and included
traditional safe havens such as financials, healthcare and
consumer stocks that had found favor with investors last week.

Jul 7, 2015

TSX ends up in volatile trade; energy and utilities jump

TORONTO, July 7 (Reuters) – Canada’s main stock index erased
a sharp fall to end in positive territory on Tuesday, with
energy stocks rebounding with oil prices and utilities gaining
on bets the Bank of Canada could cut rates next week to
stimulate a struggling economy.

The Toronto Stock Exchange’s S&P/TSX composite index
ended up 30.93 points, or 0.21 percent, at 14,624.50.

Jul 6, 2015

TSX retreats on oil slide, Greece uncertainty

TORONTO, July 6 (Reuters) – Canada’s main stock index
slipped on Monday after Greek voters rejected debt bailout
terms, endangering the country’s future in the euro zone and
pummeling oil prices.

Still, while global markets stumbled on the news, the drama
received a muted reaction from Canadian investors.

Jun 30, 2015

TSX higher as energy shares gain; down 3 pct in June

TORONTO, June 30 (Reuters) – Canada’s main stock index
regained some ground on Tuesday after Monday’s precipitous drop,
with energy shares leading broad gains as crude bounced off
three-week lows.

The oscillations could extend through the week amid low
volumes ahead of a Greek referendum on the terms of a bailout
package on Sunday, with Canadian markets closed on Wednesday and
U.S. markets shut on Friday.

Jun 30, 2015

TSX bounces higher as banks, energy shares gain

TORONTO, June 30 (Reuters) – Canada’s main stock index
regained some ground on Tuesday after Monday’s precipitous drop,
with banks rebounding and rising oil prices helping energy
stocks.

The Toronto Stock Exchange’s S&P/TSX composite index
was up 48.27 points, or 0.33 percent, at 14,538.42 at
midmorning. It fell more than 2 percent on Monday.

Jun 29, 2015

TSX erases 2015 gains on Greek crisis

TORONTO, June 29 (Reuters) – Canada’s main stock index fell
more than 2 percent on Monday, wiping out its 2015 gains with
banks leading a near-unanimous retreat as debt-wracked Greece
said it will miss a 1.6 billion euro loan payment and investors
worried it could leave the euro.

All but eight stocks on the Toronto Stock Exchange’s S&P/TSX
composite index fell, and each of the 10 main sectors
lost at least 1 percent in the sharpest selloff since January 5.

Jun 29, 2015

TSX dives as Greece crisis spurs bank selloff

TORONTO, June 29 (Reuters) – Canada’s main stock index fell
more than 1.5 percent on Monday as investors fretted about the
impact if Greece exits the euro, with banks taking the brunt of
the losses and gold miners listed among the few gainers.

A breakdown in talks between Greece and its creditors has
pushed the country closer to default on its loans and possibly
out of the currency bloc.

    • 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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