Correspondent, Toronto, Canada
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May 25, 2015

Oil and gas shares tug TSX lower in lethargic trade

TORONTO, May 25 (Reuters) – Canada’s main stock index edged
lower on Monday as investors took money out of recently rising
energy stocks in trade made sluggish by the U.S. Memorial Day
holiday, but banks firmed ahead of closely watched quarterly
earnings reports.

The energy sector, which accounts for more than 20 percent
of the index’s value, was down more than half a percent even as
crude oil prices rose.

May 22, 2015

TSX eases after recent rally as energy, financials slip

TORONTO, May 22 (Reuters) – Canada’s main stock index barely
retreated on Friday, with cooling energy and financial stocks
weighing, after the index posted gains in four of the previous
five sessions.

Investors took a cautious approach ahead of a U.S. trading
holiday on Monday, though U.S. dollar strength hurt some energy
stocks as crude prices slipped. Energy stocks were five of the
10 biggest negative weights on the Toronto Stock Exchange’s
S&P/TSX composite index.

May 21, 2015

Hootsuite says could go public sooner after Shopify IPO success

VANCOUVER/TORONTO (Reuters) – The successful initial public offering of Shopify could prompt Hootsuite, another promising Canadian tech startup, to tap public markets sooner rather than later, its chief executive said on Thursday.

And a raft of other promising technology compatriots could quickly join them, executives and backers say, in a revival of public capital-raising that would boost a commodity-heavy equity market pummeled by plunging oil and metal prices.

May 20, 2015

TSX falls as 3-day streak ends in broad retreat

TORONTO, May 20 (Reuters) – Canada’s main stock index fell
on Wednesday, ending a three-session winning streak, as
heavyweight banking issues led a broad decline, interrupted by
oil and gas company gains on rebounding crude prices.

The country’s biggest banks will report quarterly earnings
next week, giving investors an updated view of the broader
economic environment.

May 19, 2015

Banks help TSX edge higher for third straight gain

TORONTO, May 19 (Reuters) – Financial stocks helped Canada’s
main stock index gain for a third straight session on Tuesday as
investor optimism got a boost from Bank of Canada commentary and
the U.S. Dow industrials closing at a record high.

The Toronto Stock Exchange’s S&P/TSX composite index
rose 12.90 points, or 0.09 percent, to 15,121.02. The
market was closed on Monday, when two major U.S. indices hit
record closing highs. Six of the index’s 10 main groups fell.

May 15, 2015

Resource stocks help TSX gain; financials weigh

TORONTO, May 15 (Reuters) – Canada’s main stock index gained
on Friday as a broad rally led by oil and gas, mining, and
industrial stocks offset weakness among large-cap banks and
insurers.

The Toronto Stock Exchange’s S&P/TSX composite index
added 80 points, or 0.53 percent, to 15,108.12. It
ended the week off 0.4 percent.

May 14, 2015

TSX halts 3-day slide, but energy stocks weigh

TORONTO, May 14 (Reuters) – Canada’s main stock index broke
a three-day slide on Thursday in a broad rally in which gold
miners gained on higher bullion prices as the U.S. dollar
weakened, but the heavyweight oil and gas sector fell along with
crude prices.

The Toronto Stock Exchange’s S&P/TSX composite index
ended up 47.40 points, or 0.32 percent, at 15,028.12.
Nine of the index’s 10 main sectors gained.

May 13, 2015

TSX down for third day as energy and rails weigh

TORONTO, May 13 (Reuters) – Canada’s main stock index fell
for a third straight session on Wednesday, with heavyweight
energy and railway companies among the biggest losers as crude
prices slipped and investors worried about economic growth.

The Toronto Stock Exchange’s S&P/TSX composite index
ended down 62.43 points, or 0.42 percent, at
14,980.72. Eight of the ten main sectors were lower.

May 12, 2015

TSX tracks global markets lower in broad retreat

TORONTO, May 12 (Reuters) – Canada’s main stock index fell
sharply on Tuesday, tracking global equities, as volatility in
bond markets and other worries rattled investors worldwide.

The heavily weighted energy sector slipped despite a 3
percent gain in the price of crude, itself mostly a function of
a weaker U.S. dollar.

May 11, 2015

TSX slips as oil and gas stocks weigh

TORONTO, May 11 (Reuters) – Canada’s main stock index eased
on Monday as energy companies fell on lower oil prices, with
investors also cautious on China’s latest interest rate cut and
prospects for a resolution of Greece’s financial woes.

Oil and gas shares were down 1 percent as crude prices came
under pressure from signs of a rejuvenation in already bloated
U.S. shale supplies.

    • 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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