Correspondent, Toronto, Canada
Alastair's Feed
Aug 7, 2015

TSX drops as weak oil prices hit energy shares

TORONTO, Aug 7 (Reuters) – Canada’s main stock index fell on
Friday in a broad retreat led by heavyweight energy and
financial stocks as oil prices recorded their sixth straight
weekly loss and North American jobs data highlighted Canada’s
relatively limp economy.

Canadian employment data showed a small gain in June, but a
loss of full-time positions, while U.S. numbers were close
enough to forecast to stoke bets the Federal Reserve will raise
interest rates, perhaps as early as September.

Aug 7, 2015

Canada’s Telus adds wireless customers; revenue up 5.1 pct

TORONTO, Aug 7 (Reuters) – Telus Corp, one of
Canada’s three big telecoms providers, reported a 5.1 percent
rise in quarterly revenue on Friday, while gaining wireless,
Internet and television customers during a tumultuous period for
the industry.

Telus said that in the second quarter it added 76,000
contract wireless customers, who typically spend much more per
month for wireless service than those who prepay.

Aug 7, 2015

TSX lower as energy stocks slip, miners rise

TORONTO, Aug 7 (Reuters) – Canada’s main stock index slipped
on Friday, with shares in gold miners among the leading lights
and energy companies weighing heavily amid weakness in the
underlying commodities.

Miners helped limit the damage, with Barrick Gold Corp
jumping 6 percent to C$9.53, and Goldcorp Inc
advancing 2.3 percent to C$18.08. The materials group climbed
1.4 percent as the price of gold steadied.

Aug 6, 2015

TSX ends lower as banks, healthcare sectors weaken

TORONTO, Aug 6 (Reuters) – Canada’s main stock index ended
lower on Thursday, dragged down by weakness in the financial and
healthcare sectors ahead of a U.S. jobs report.

The U.S. July nonfarm payrolls data, due to be released on
Friday, is seen as a barometer of economic health and could
influence the Federal Reserve’s monetary policy decisions.

Aug 6, 2015

TSX opens lower, dragged by energy shares

TORONTO, Aug 6 (Reuters) – Canada’s main stock index fell on
Thursday, with shares in energy companies drooping on lower oil
prices while earnings surprises moved specific financial,
telecom, mining and other stocks.

The energy sector, which accounts for 19 percent of the
weight of the Toronto Stock Exchange’s S&P/TSX composite index
, fell 1.5 percent as oil slipped to multi-month lows
amid a persistent global supply glut and little sign of a
reduction in production.

Aug 5, 2015

Rise in banks, consumer stocks help TSX eke out 6th gain

TORONTO, Aug 5 (Reuters) – Canada’s main stock index eked
out a slight gain on Wednesday, as investors bought up bank and
consumer stocks, while a slip in prices for oil and other
commodities hurt energy companies and miners.

The Toronto Stock Exchange’s S&P/TSX composite index
recorded its sixth straight rise, ending up 11.94
points, or 0.08 percent, at 14,502.99.

Aug 4, 2015

TSX rises as consumer sectors offset energy weakness

TORONTO, Aug 4 (Reuters) – Canada’s main stock index climbed
modestly on Tuesday as strength in its consumer discretionary
and consumer staples groups overwhelmed a decline in the energy

The Toronto Stock Exchange was closed on Monday, a public
holiday in most of Canada, when U.S. indexes slipped on weaker
oil prices.

Aug 4, 2015

TSX slightly lower as energy shares weigh

TORONTO, Aug 4 (Reuters) – Canada’s main stock index was
slightly lower on Tuesday, with shares in oil and gas companies
weighing and consumer stocks helping keep the index near its
previous close.

The Toronto Stock Exchange was closed on Monday, a public
holiday in most of Canada, when U.S. indexes slipped on weaker
oil prices.

Jul 31, 2015

TSX rally pushes on with aid of banks, miners

TORONTO, July 31 (Reuters) – Canada’s main stock index
notched its fourth straight day of gains on Friday, with the
heavily weighted financials and materials sectors leading the
way as investors sought value after a bleak couple of months.

The index had slipped below 14,000 for the first time since
mid-January last week, as investors fretted about slumping oil
prices and slowing Chinese demand for commodities.

Jul 30, 2015

TSX gains as energy shares bounce; Open Text surges

TORONTO, July 30 (Reuters) – Canada’s main stock index rose
on Thursday, helped by a second day of gains for energy shares
after plumbing new depths earlier in the week, and with shares
in Open Text Corp surging after the software company’s
outlook impressed investors.

The energy sector jumped 2.9 percent, after gaining a
similar amount on Wednesday, after separate data showed a much
steeper than expected drawdown in U.S. stockpiles and a slip in
U.S. production.

    • 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:
      English, Arabic
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