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Dec 1, 2010

TSX hits 2-yr high on bank hopes, euro relief

TORONTO, Dec 1 (Reuters) – Toronto’s main stock index rose
to its highest level in more than two years on Wednesday as
financials got a boost from a strong start to bank earnings
season, while concerns about euro zone debt eased.

The market was also lifted by better-than-expected economic
data in China, Europe and the United States, which whetted
investors’ appetite for risk globally, boosting oil and metals
prices. [MKTS/GLOB]

Dec 1, 2010

TSX hits 2-year high on soaring oil, banks

TORONTO, Dec 1 (Reuters) – Toronto’s main stock index rose
to its highest level in more than two years on Wednesday as
financials got a boost from a strong start to bank earnings
season, while concerns about euro zone debt eased.

The market was also boosted by better-than-expected
economic data in China, Europe and the United States, which
whetted investors’ appetite for risk globally, boosting oil and
metals prices. [MKTS/GLOB]

Nov 23, 2010

TSX tumbles on Korea, euro zone woes

TORONTO, Nov 23 (Reuters) – Toronto’s main stock index
ended sharply lower on Tuesday as tensions in the Korean
peninsula and euro zone debt concerns pushed down heavily
weighted commodity-linked shares.

Toronto stocks followed global equities lower, with energy,
down 1.6 percent, among the hardest-hit groups on the
resource-heavy index. [O/R]

Nov 19, 2010

Canadian regulators unveil “dark liquidity” plans

TORONTO, Nov 19 (Reuters) – Canadian regulators laid down
proposed ground rules on Friday for the trading of “dark
liquidity” in a bid to strike a balance between promoting
competition here and protecting investors.

The Canadian Securities Administrators (CSA) and Investment
Industry Regulatory Organization of Canada (IIROC) issued a
position paper on a framework related to the size of dark
orders and the ability to improve pricing by those who want to
trade in the dark.

Nov 19, 2010

Canada says no big new spending in next budget

TORONTO, Nov 19 (Reuters) – Canada’s next budget will
contain no big new spending plans as the country emerges from
tough economic times, Finance Minister Jim Flaherty said on
Friday.

“This is not the time for risky new spending schemes that
will increase deficits and raise taxes,” Flaherty told
reporters as he began consultations ahead of the 2011-12
budget, expected early next year.

Nov 19, 2010

C$ ticks higher, but China move hampers upside

TORONTO, Nov 19 (Reuters) – Canada’s dollar firmed slightly
against its U.S. counterpart on Friday but China’s move to
tighten monetary policy kept the currency trading in a narrow
range.

China ordered lenders on Friday to lock up more of their
money with the central bank for the second time in two weeks,
stepping up its battle to pull excess cash out of the economy
before inflation has a chance to take off. [ID:nL3E6MJ0N8]

Nov 18, 2010

Ontario looks set to regulate derivatives market

TORONTO, Nov 18 (Reuters) – Ontario looks set to introduce
new rules to govern the multi-trillion dollar Canadian
derivatives market, a surprise move market watchers say risks
alienating the industry and other regulators and governments.

The Globe and Mail newspaper said that Canada’s most
populous province will introduce the legislation on Thursday as
part of its fall economic statement.

Nov 18, 2010

C$ climbs on domestic data, easing Irish fears

TORONTO, Nov 18 (Reuters) – Canada’s dollar rose against
its U.S. counterpart on Thursday as a weak greenback and
optimism Ireland may soon see a solution to its debt woes
helped attract investors to higher-yielding currencies.

The currency also got a bounce from domestic data that
showed Canada’s composite leading indicator rose 0.2 percent in
October after dropping in September, while wholesale trade
unexpectedly rose 0.4 percent in September. [ID:nSCLIME67B]
[ID:nN18271262]

Nov 10, 2010

Resource rebound lifts TSX; RIM gains

TORONTO, Nov 10 (Reuters) – Toronto’s main stock index
ended higher after a volatile session on Wednesday as strength
in the price of oil and gold helped to lift the market’s hefty
commodity-linked issues.

Research In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz) also gave the market a boost,
gaining 5.7 percent to C$58.61.

Nov 10, 2010

Resource rebound lifts TSX index

TORONTO, Nov 10 (Reuters) – Toronto’s main stock index
ended higher after a volatile session on Wednesday as strength
in the price of oil and gold helped to lift the market’s hefty
commodity-linked issues.

The energy and materials sectors, both down substantially
in early trade, recovered to gain 0.3 percent and 0.6 percent,
respectively.

    • About Jennifer

      "Jennifer Kwan is a Toronto-based reporter on the market news and treasury team, and covers a broad mix of stories related to trading, exchanges and regulation. Previously worked as an editor for the company's online newsroom. Before joining Reuters, she worked at the Canadian Press, as well as the Toronto Star and Yukon News newspapers."
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