Correspondent, Toronto, Canada
Alastair's Feed
Jun 24, 2015

TSX hits 2-1/2-week high as energy leads

TORONTO, June 24 (Reuters) – Canada’s main stock index rose
for a third straight day on Wednesday, hitting a 2-1/2-week high
as energy stocks shrugged off a fall in crude prices and
investors held on to hopes for a satisfactory resolution to the
Greek debt talks.

The gains bucked broader global trends as creditors demanded
more from Greece’s left-wing government.

Jun 24, 2015

Canada’s Rogers says to buy Mobilicity, Shaw airwaves

TORONTO, June 24 (Reuters) – Rogers Communications Inc
has made a series of deals to try to solidify its
position as Canada’s largest wireless operator.

Rogers said on Wednesday it will pay C$440 million ($355
million) to buy struggling wireless operator Mobilicity and
C$100 million to complete a longstanding agreement to buy
airwaves from cable and media company Shaw Communications Inc
. It had already paid $250 million to secure the Shaw
purchase option.

Jun 23, 2015

TSX at two-week high on Greece hopes, technicals

TORONTO, June 23 (Reuters) – Canada’s main stock index hit
its highest close in more than two weeks on Tuesday, extending
Monday’s sharp rebound, as heavyweight energy, financial and
mining stocks gained in part on optimism about a deal to stave
off Greek default.

The energy sector jumped most, up 1.7 percent, as crude
prices popped higher ahead of U.S. data expected to show strong
demand for oil products.

Jun 22, 2015

TSX rallies on Greece hopes; gold miners lag

TORONTO, June 22 (Reuters) – Canada’s main stock index
rallied broadly on Monday, bolstered by investor optimism over
Greece’s latest attempt to avoid defaulting on its debts, a
development that cast shade on the price of safe-haven gold and
hurt its miners.

The Toronto Stock Exchange’s S&P/TSX composite index
gained 137.36 points, or 0.94 percent, to end at
14,790.48. All 10 main sectors closed higher, although the
materials group that includes miners barely rose.

Jun 19, 2015

TSX slides as Greek worries nag, retail sales disappoint

TORONTO, June 19 (Reuters) – Canada’s main stock index fell
to its lowest close since mid-January on Friday as disappointing
domestic retail sales data added to the market’s anxiety over
the Greek debt crisis.

With crude and base metals prices slumping, the index’s
heavily weighted energy and materials sectors led a broad
decline, with Canada’s big banks and Valeant Pharmaceuticals
also down.

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.

    • 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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