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Nov 9, 2010

TSX tumbles as strong US$ weighs on resources

TORONTO, Nov 9 (Reuters) – Toronto’s main stock index ended
lower on Tuesday after touching a two-year high earlier in the
session, as a steep rise by the U.S. dollar helped push
commodity prices lower.

Spot gold XAU= soared to a record high for a fourth day
running, touching above $1,424 an ounce, but retreated sharply
by day’s end as the stronger greenback prompted heavy
profit-taking by investors. [GOL/] [FRX/]

Nov 9, 2010

TSX little changed as financials offset resources

TORONTO, Nov 9 (Reuters) – Toronto’s main stock index was
little changed early Tuesday afternoon, after retreating from a
two-year high, as higher commodity prices were offset by weak
financials.

Spot gold XAU= soared to a record high for a fourth day
running, hitting $1,422.30 an ounce and fueling gains by gold
miners. Other key commodities, including copper and oil, were
also at multimonth highs. [O/R] [MET/L] [GOL/]

Oct 27, 2010

TMX profit climbs on rising revenue; ups dividend

TORONTO, Oct 27 (Reuters) – Canadian stock exchange
operator TMX Group Inc (X.TO: Quote, Profile, Research, Stock Buzz) boosted its dividend on Wednesday
as it reported a rise in quarterly profit and revenue, while
expenses shrank, sending its shares up 2.7 percent.

TMX, which runs the Toronto Stock Exchange, the small-cap
TSX Venture Exchange and the Montreal Exchange derivatives
market, said net income rose to C$50.8 million ($49.3 million),
or 68 Canadian cents a share, in the third quarter. That
compares with a profit of C$41.7 million, or 56 Canadian cents
a share, a year earlier.

Oct 24, 2010

Stock volumes seen rising as trading options grow

TORONTO, Oct 24 (Reuters) – Canadian stock trading volumes
look set to rise in the coming months as the country’s main
stock exchange and its domestic and foreign competitors push to
roll out new dealing platforms and fresh ways to route orders.

The changes, which some warn could inflame tensions over
trading costs, are part of a global trend that has seen
traditional exchanges and new players fight aggressively for
market share.

Oct 6, 2010

U.S. must maintain confidence in dollar

TORONTO (Reuters) – The United States must preserve confidence in the dollar even as it looks at a variety of ways to combat the economic slowdown, Paul Volcker, special adviser to President Barack Obama, said on Wednesday.

The former Federal Reserve Chairman said it is difficult to find any sector of the U.S. economy that has any “spark”, so authorities should be examining what fiscal and monetary tools they have available.

Oct 6, 2010

Volcker- U.S. must maintain confidence in dollar

TORONTO, Oct 6 (Reuters) – The United States must preserve
confidence in the dollar even as it looks at a variety of ways
to combat the economic slowdown, Paul Volcker, special adviser
to U.S. President Barack Obama, said on Wednesday.

The former Federal Reserve Chairman said it is difficult to
find any sector of the U.S. economy that has any “spark”, so
authorities should be examining what fiscal and monetary tools
they have available.

Oct 4, 2010

TMX plans new alternative trading system

TORONTO, Oct 4 (Reuters) – TMX Group (X.TO: Quote, Profile, Research, Stock Buzz), operator of
the Toronto Stock Exchange, said on Monday it has submitted
regulatory filings to set up an alternative trading system to
offer clients more competitive pricing.

The new ATS, called TMX Select, will offer an alternative
venue to the main TSX and will target specific traders who use
certain strategies, said Kevan Cowan, president of TSX Markets
and group head of equities.

Sep 23, 2010

BlackRock’s Doll-US data lowers odds of double-dip

TORONTO, Sept 23 (Reuters) – A string of decent economic
data has lowered the probability of a double-dip recession in
the United States, the chief stock picker for the world’s
biggest asset manager said on Thursday.

Bob Doll, chief equity strategist for fundamental equities
at BlackRock Inc (BLK.N: Quote, Profile, Research, Stock Buzz), said the “less bad” economic data has
been enough to alter his position slightly.

Sep 22, 2010

TMX Group plans new “dark” orders for stock trading

TORONTO, Sept 22 (Reuters) – TMX Group Inc (X.TO: Quote, Profile, Research, Stock Buzz) plans to
launch new “dark order” types so buyers and sellers can match
trades anonymously, the operator of the Toronto Stock Exchange
and TSX Venture Exchange said on Wednesday.

The dark orders, expected to be released in November, will
essentially create pools of dark liquidity to provide for new
trading options, said Kevan Cowan, president of TSX Markets and
group head of equities.

Sep 17, 2010

Freida Pinto plays object of desire in “Stranger”

TORONTO (Reuters) – When it comes to acting roles, Freida Pinto has yet to meet her tall, dark stranger.

In Woody Allen’s wry comedy “You Will Meet a Tall Dark Stranger”, the stranger means different things to different characters: handsome lover to one, possibly death to another.

    • 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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