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Mar 28, 2012

TSX falters as U.S. data hits resources

TORONTO, March 28 (Reuters) – Canada’s main stock index sank
on Wednesday as resource shares were hit by softer underlying
commodity prices and as investors reacted to the Ontario budget
released the day before.

A mix of resource names led the index lower, including
Suncor Energy Inc, down 0.6 percent at C$32.67, and
Cenovus Energy Inc, which fell 2 percent to C$35.55.
Barrick Gold Corp sank 1 percent to C$43.22, while Teck
Resources Ltd dropped 2 percent to C$35.02.

Mar 26, 2012

TSX hits 3-week peak after Bernanke comments

TORONTO, March 26 (Reuters) – Toronto’s main stock index
rose along with global equity markets on Monday and hit a
three-week peak after U.S. Federal Reserve Chairman Ben Bernanke
made comments that signaled the U.S. central bank will keep a
supportive monetary policy stance.

Bernanke said the U.S. economy needs to grow more quickly to
get unemployment down, leading investors to take on more risk on
hopes the central bank could conduct another round of
quantitative easing.

Mar 26, 2012

TSX gets lift from German data, Bernanke

TORONTO, March 26 (Reuters) – Toronto’s main stock index
climbed on Monday, supported by higher materials and energy
issues, as German data and comments by U.S. Federal Reserve
Chairman Ben Bernanke lifted investors’ confidence about the
global economic outlook.

Gainers included Suncor Energy, up 0.7 percent at
C$33.02 as the price of oil steadied following a Friday’s sharp
sell-off.

Mar 20, 2012

OSC’s post-Sino review faults listing process

TORONTO, March 20 (Reuters) – A review of Canadian stock
listings by companies with most of their operations in China and
other emerging markets found a web of shortcomings that could
put investors at undue risk, the country’s main securities
regulator said on Tuesday.

The OSC initiated the review last year after China-focused
forestry company Sino-Forest was accused of
exaggerating its assets. Sino is the most prominent of a dozen
companies with Chinese operations whose accounting or disclosure
practices came under fire, shaking investor confidence in the
oversight of Canadian regulators.

Mar 16, 2012

TSX gains as Astral shares soar on BCE takeover

TORONTO, March 16 (Reuters) – Toronto’s main stock
index extended gains on Friday, as shares of Astral Media
soared on news BCE Inc will buy the media
company.

The parent of Bell Canada said on Friday it has agreed to
acquire Astral in a deal that values the television and radio
company at C$3.38 billion, including debt.
Shares of Astral jumped 33.60 percent to C$48.43. BCE fell 0.4
percent to C$39.90.

Mar 15, 2012

TSX gains on US economic hope; Viterra soars

TORONTO, March 15 (Reuters) – Canada’s main stock
index ended higher on Thursday on a stream of U.S. data that
lifted investor hopes that the economy of Canada’s largest
trading partner is on the mend.

New claims for jobless benefits fell to a four-year low last
week, suggesting an improving labor market, while surveys from
regional Federal Reserve banks showed gains in manufacturing in
New York and a pickup in business conditions in the U.S.
mid-Atlantic region.

Mar 15, 2012

Maple sees progress on TMX takeover approval

TORONTO, March 15 (Reuters) – A Canadian consortium
came two steps closer on Thursday to winning provincial approval
for its proposed C$3.8 billion ($3.83 billion) takeover of TMX
Group, sending shares of the nation’s largest market
operator higher even though a federal competition review could
still scupper the deal.

In mainly French-speaking Quebec, Autorité des marchés
financiers said it intends to approve the takeover by Maple
Group – a consortium of 13 banks, pension funds and other
financial institutions – despite concerns that it would create a
near-monopoly in Canadian financial trading.

Mar 14, 2012

TSX dives as investors abandon gold

TORONTO, March 14 (Reuters) – Toronto’s main stock
index ended sharply lower on Wednesday as gold miners fell as
bullion lost its safe-haven luster after Tuesday’s U.S. Federal
Reserve statement and recent U.S. data that has signaled
economic recovery.

Pat McHugh, Canadian equity strategist at Manulife Asset
Management, said appetite for gold has been diminished by the
stronger economic outlook and on an easing of concerns about the
euro zone’s debt problems.

Mar 14, 2012

TSX dives as gold loses safe-haven luster

TORONTO, March 14 (Reuters) – Toronto’s main stock
index sank on Wednesday, bucking the global equities trend, as
gold lost its safe-haven appeal as the U.S. dollar strengthened
after the U.S. Federal Reserve upgraded its economic outlook the
day before.

The greenback hit a fresh 11-month high against the yen and
a new one-month high against the euro on the Fed statement,
which came after a string of U.S. data that indicate a firm
economic recovery.

Mar 13, 2012

TSX gains as U.S. data lifts economic hopes

TORONTO, March 13 (Reuters) – Toronto’s main stock
index climbed on Tuesday after the U.S. Federal Reserve said it
has seen recent signs of strength in the economy, while upbeat
U.S. retail sales data soothed fears about the health of the
global recovery.

The Toronto index followed U.S. stocks, which also got a
lift from the better than expected February U.S. retail sales
report.

    • 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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