Correspondent, Toronto, Canada
Alastair's Feed
Aug 7, 2014

TMX CEO Tom Kloet likely to stay at helm till this fall -sources

TORONTO/NEW YORK, Aug 7 (Reuters) – Tom Kloet, who was
initially set to bow out later this month as chief executive of
Toronto Stock Exchange operator TMX Group Ltd, is now
likely to stay on until at least October as TMX hunts for a
long-term replacement, seven financial industry sources familiar
with the succession process said.

Three of the seven sources, all of whom spoke on condition
of anonymity because the process is not public, said the
exchange operator is leaning heavily in favor of an external
candidate, but that the board may fall back on an internal name
if it is unable to find a suitable candidate from outside the
company.

Aug 7, 2014
Aug 7, 2014

Canada telecoms Telus, BCE chase down wireless leader

TORONTO, Aug 7 (Reuters) – Two of Canada’s largest telecom
companies reported strong quarterly wireless growth on Thursday
as they chased down the wireless market leader, but fixed-line
performance helped Telus Corp to outshine rival BCE Inc
.

BCE and Telus share a national network as they compete with
the country’s biggest wireless carrier, Rogers Communications
Inc, which said last month it added 38,000 postpaid
wireless customers in the second quarter.

Aug 6, 2014
Aug 6, 2014
Aug 5, 2014
Aug 5, 2014
Aug 5, 2014
Aug 5, 2014
Aug 1, 2014

Canada auto sales hit July record; Chrysler, Ford gain on trucks

TORONTO, Aug 1 (Reuters) – Auto sales in Canada in July rose
to a record high for the month, up 11.3 percent from a year
earlier, an industry analyst said on Friday, with strong truck
sales pushing both Chrysler and Ford Motor Co to
record performances.

Overall, automakers sold 176,995 vehicles in July, Dennis
DesRosiers of DesRosiers Automotive Consultants, said in a
report. Meanwhile, Scotiabank analyst Carlos Gomes wrote in a
note that sales are set to hit a record of 1.77 million vehicles
this year.

    • 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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