TORONTO, Jan 19 (Reuters) – Canada’s main stock index eased
on Monday as a decline in oil prices and concerns about the
Chinese economy weighed on energy shares, which resumed their
The Chinese premier said the country’s economy faces
significant downward pressure this year. Investors were also
awaiting China’s fourth-quarter gross domestic product report,
due on Tuesday.
TORONTO, Jan 16 (Reuters) – Canadians should not be “unduly
pessimistic” about the economic impact of the recent slide in
oil prices, Finance Minister Joe Oliver said on Friday, a day
after delaying the federal budget due to energy market
“The Canadian economy is in pretty good shape despite this
(fall in oil prices),” Oliver said in an interview on CP24
television. “We shouldn’t be unduly pessimistic. Canada is doing
well, we’ve created 1.2 million jobs, we’re doing better than
most other countries and Canadians should be reassured by that.”
Target says will cost $500 million – $600 million to close down Canadian ops; expects to report around $5.4 billion pre-tax loss in Q4.
Target Corp says it is discontinuing its Canadian operations.
Samsung’s offer implies an enterprise value for BlackBerry of between $6 billion and $7.5 billion. Executives met last week, source says.
TORONTO (Reuters) – Canadian cable-TV operator Shaw Communications Inc reported a 7 percent drop in quarterly profit on Wednesday, hurt by a fall in video subscriptions and the costs of launching its new video streaming service.
Cable providers have struggled to respond to the popularity of cheaper online-only rivals such as Netflix, and Shaw said it lost C$13 million ($11 million) on the startup of its subscription video-on-demand service, called shomi, a joint venture with Rogers Communications.
TORONTO, Jan 7 (Reuters) – Canada’s main stock index
advanced moderately on Wednesday, helped by positive U.S.
economic data and a pause in the rout of crude prices, which
lifted market sentiment if not the shares of oil companies.
The rebound came after two straight sessions of sharp index
declines with oil and gas shares getting hit by concerns about a
global supply glut.