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Dec 30, 2010

TSX dips from 2-year peak as golds weigh

TORONTO, Dec 30 (Reuters) – Toronto’s main stock index
retreated slightly on Thursday after hitting a two-year high as
weakness in gold miners held back the materials group and
investors were wary of taking on more risk before the new
year.

All three heavyweight sectors — financials, materials and
energy — were weaker, on the back of softer bullion and oil
prices and after upbeat U.S. economic data failed to lift the
market further. [GOL/] [O/R]

Dec 29, 2010

Materials rally boosts TSX to 2-year peak

NEW YORK, Dec 29 (Reuters) – Toronto’s main stock index
rose on Wednesday, hitting a two-year peak on the back of a
broad rally among miners and fertilizer companies, including
Potash Corp of Saskatchewan (POT.TO: Quote, Profile, Research, Stock Buzz).

The materials group led the gains, advancing 2.2 percent,
as copper climbed to record highs in Europe and gold edged
above $1,400 an ounce.

Dec 29, 2010

Materials issues help lift TSX to 2-year peak

NEW YORK, Dec 29 (Reuters) – Toronto’s main stock index
rose on Wednesday, hitting a two-year peak on the back of a
broad rally among miners and fertilizer companies, including
Potash Corp of Saskatchewan (POT.TO: Quote, Profile, Research, Stock Buzz).

The materials group led the gains, advancing 2.2 percent,
as copper climbed to record highs in Europe and gold edged
above $1,400 an ounce.

Dec 24, 2010

TSX tilts higher in thin pre-holiday trade

TORONTO, Dec 24 (Reuters) – Toronto’s main stock drifted
slightly higher in quiet trade on Friday morning as gains in
energy and financials offset losses among miners at the start
of a shortened session ahead of the Christmas holidays.

The index’s energy shares rose 0.3 percent as European oil
prices hovered at their highest levels in more than two years,
supported by cold weather across the globe and renewed appetite
for risk assets.

Dec 15, 2010

TSX falls as metals prices pull back

TORONTO, Dec 15 (Reuters) – Toronto’s main stock index
closed lower on Wednesday with heavyweight mining issues
pressured by metal prices, which fell as the U.S. dollar rose
on a return of euro zone debt concerns.

Gold miners sagged 1.8 percent as bullion retreated for
the first time in three days as the greenback’s rally hurt
commodities priced in U.S. dollars, and tamer inflation data
more than offset safe-haven buying of the precious metal.
[GOL/]

Dec 15, 2010

Strong greenback, weak miners drag TSX down

TORONTO, Dec 15 (Reuters) – Toronto’s main stock index
closed lower on Wednesday, with weighty materials issues
pressured by a drop in metal prices on the back of a stronger
U.S. dollar, as euro zone debt concerns returned to the
forefront.

The greenback rallied against the euro after Moody’s said
it may downgrade Spain’s debt rating and investors awaited more
news on how policymakers will resolve the region’s fiscal
crisis. [FRX/]

Dec 15, 2010

Exclusive: Canada commercial loans lowest since 2006: report

TORONTO (Reuters) – New commercial lending in Canada dipped to its weakest level in nearly five years in the third quarter, a sign that the economic recovery is still fragile, according to data released by PayNet Inc.

PayNet, which follows the commercial lending industry, said its Canadian Business Lending Index fell about 2 percent from the second quarter to its lowest level since early 2006.

Dec 10, 2010

TSX lifted by optimistic economic data

TORONTO, Dec 10 (Reuters) – Toronto’s main stock index
closed higher on Friday after upbeat economic data at home and
abroad boosted confidence and pushed up heavily weighted
financial and resource stocks.

The index’s financial sector finished the day up 0.9
percent, energy was up 0.2 percent, and materials shares were
0.5 percent higher.

Dec 10, 2010

TSX advances as economic data spurs optimism

TORONTO, Dec 10 (Reuters) – Toronto’s main stock index
closed higher on Friday after bullish economic data at home and
abroad boosted confidence and lifted heavily weighted financial
and resource stocks.

The index’s financial sector finished the day up 0.9
percent, energy was up 0.2 percent, and materials shares were
0.5 percent higher.

Nov 23, 2010

Ontario hangs energy future on green power

TORONTO/VANCOUVER (Reuters) – Ontario unveiled a sweeping long-term power plan on Tuesday that throws the province’s support squarely behind renewable energy, but also brought bad news for consumers who will see their electricity bills double by 2030.

Canada’s most populous province sees the proportion of Ontario’s electricity coming from renewable sources like wind and solar rising by 10 percentage points to 13 percent by 2018, according to the energy blueprint.

    • About Claire

      "Claire Sibonney is a Toronto-based reporter covering markets, economics and asset management, as well as Ontario finance and politics. Sibonney was formerly a homepage editor for Reuters.com and prior to joining the company in 2005, she worked for the National Post and AOL Canada."
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