Cameron's Feed
Dec 3, 2013

Bank of Montreal shares fall on disappointing U.S. profit

TORONTO, Dec 3 (Reuters) – Quarterly earnings at Bank of
Montreal rose 1 percent due to stronger wealth
management profit, and Canada’s No. 4 bank raised its dividend,
but its shares fell on Tuesday on the back of a sluggish
performance at its U.S. Harris Bank unit.

Shares of BMO, the first Canadian bank to report fiscal
fourth-quarter results, were down 3.7 percent at mid-morning,
making BMO the weakest performer among financial stocks on the
Toronto Stock Exchange’s benchmark index.

Nov 22, 2013

Toronto’s scandal-hit mayor still has 42 percent approval

TORONTO (Reuters) – More than 40 percent of Toronto voters still approve of the job Mayor Rob Ford has done, even after he admitted smoking crack cocaine and city council stripped him of much of his authority.

A Forum Research survey of 1,049 Toronto voters released on Friday showed that 42 percent of respondents approve of the job Ford has been doing as mayor of Canada’s largest city.

Nov 19, 2013

Toronto mayor vows to go clean while city hall changes the locks

TORONTO (Reuters) – Toronto Mayor Rob Ford vowed on Tuesday he would stay away from drugs, alcohol and “bad company” as he tries to rebound from a drug scandal that prompted city council to strip away much of his power.

Ford, who insists he is neither an alcoholic nor a drug addict, said he had not had a drink in three weeks. Asked on Toronto news channel CP24 if he had stopped drinking completely, he said: “Guaranteed. 100 percent.”

Nov 19, 2013

Toronto council curbs Mayor Ford’s powers after chaotic debate

TORONTO (Reuters) – Toronto’s City Council voted overwhelmingly at a raucous meeting on Monday to strip embattled Mayor Rob Ford of more of his authority in a move Ford denounced as a coup d’etat while promising political foes election battle next year to rival the Gulf War.

Ford, who has been under fire for his drug use and drinking, as well as the way he has handled the accusations, vowed in an interview to give up alcohol and lose weight.

Nov 16, 2013

‘Ford Nation’ still supports Toronto’s scandal-plagued mayor

TORONTO (Reuters) – At the Cloverdale Mall, just off an eight-lane highway in Toronto’s western suburb of Etobicoke, Diane Gorscak took a drag on her cigarette and explained how Mayor Rob Ford’s use of crack cocaine would not stop her from voting for him again.

“He did what he said he was going to do, and I don’t care what he does in his spare time,” the 45-year-old hairstylist said, squinting in the late-afternoon sun on an uncommonly mild November day.

Nov 14, 2013

Toronto mayor says ‘I’m sorry’ again, to get help for alcohol problem

TORONTO (Reuters) – Embattled Toronto Mayor Rob Ford, under huge pressure to quit after he admitted smoking crack cocaine, said on Thursday he was getting help for a drinking problem, but offered no indication that he might step down.

Ford also expressed remorse for an obscene outburst he made earlier in the day when denying an allegation he had made sexual overtures to a female member of his staff.

Nov 13, 2013

Toronto mayor admits he bought illegal drugs

TORONTO, Nov 13 (Reuters) – Toronto’s embattled mayor, Rob
Ford, insisted on Wednesday he has zero tolerance for drugs and
gangs, but also admitted he has bought illegal drugs in the past
two years.

Speaking at a City Council meeting during which members
almost unanimously urged him to take a break from his job, Ford
said he cannot change his past actions, which include
acknowledged use of crack cocaine. But he asserted his intention
to continue to work as mayor so he can carry out his promise to
save money for Toronto taxpayers.

Nov 13, 2013

Toronto mayor admits he bought crack; council urges him to step aside

TORONTO (Reuters) – Toronto’s embattled mayor, Rob Ford, professed a zero-tolerance policy for drugs and gangs on Wednesday, but he also admitted he had bought crack cocaine in the past two years.

Speaking after Toronto City Council almost unanimously urged Ford to take a break from his duties, Ford said he could not change the past and would continue his efforts as mayor to save Toronto money.

Nov 7, 2013

Manulife, Sun Life shares hit multi-year highs on results

TORONTO (Reuters) – Shares of Manulife Financial (MFC.TO: Quote, Profile, Research, Stock Buzz) and Sun Life Financial, two of Canada’s largest life insurers, jumped to multi-year highs on Thursday after the companies posted better-than-expected results on the back of stronger mutual fund sales and favorable market conditions.

Manulife stock jumped 3 percent and touched a 3-1/2 year high after the insurer reported a third-quarter core profit of 36 Canadian cents a share, which topped analysts’ estimates by a penny a share.

Nov 6, 2013

Toronto Mayor Ford admits he smoked crack; will not resign

TORONTO, Nov 5 (Reuters) – Toronto Mayor Rob Ford admitted
on Tuesday he has smoked crack cocaine, probably “in one of my
drunken stupors,” but insisted he’s not an addict and said he
would stay in office and run for reelection next year.

Speaking just days after Toronto’s police chief confirmed
that police have recovered a copy of a video that two media
organizations have said shows the mayor smoking the drug, Ford
said he had smoked crack about a year ago.