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Mar 31, 2015

Bank of Montreal CEO sees M&A upside from oil price slump

TORONTO, March 31 (Reuters) – Battered oil prices are
expected to spur mergers and acquisitions in the energy sector
and drive advisory fees for the Bank of Montreal, Chief
Executive William Downe said on Tuesday.

Canada’s No. 4 lender, which is not looking at making major
acquisitions at the moment, also expects consumers to step up
spending as the sluggish oil price leaves them with more cash,
he said.

Mar 30, 2015

Surge in Catamaran shares helps TSX climb

TORONTO, March 30 (Reuters) – Canada’s main stock index rose
on Monday, buoyed by modest advances in the financial and energy
sectors and a sharp increase in Catamaran Corp’s price
after UnitedHealth Group Inc agreed to buy the
pharmacy-benefits manager.

Catamaran’s shares shot up 24.7 percent to C$75.88, helping
drive a 7 percent gain in the healthcare sector.

Mar 30, 2015

Bank, Catamaran shares drive TSX higher

TORONTO, March 30 (Reuters) – Canada’s main stock index
climbed on Monday, supported by advances in the financial sector
and a jump in Catamaran Corp after UnitedHealth Group
Inc agreed to buy the pharmacy benefit manager.
.

Catamaran’s shares shot up 25 percent to C$76.05, helping
drive a 7 percent gain in the healthcare sector.

Mar 25, 2015

TSX rises with resource stocks as commodity prices gain

TORONTO, March 25 (Reuters) – Canada’s main stock index rose
higher on Wednesday as a weaker U.S. dollar helped fuel gains in
commodity prices, pushing up shares in the energy and
gold-mining sectors.

Recent weakness in the U.S. dollar, which has been under
pressure since the Federal Reserve released comments on its
outlook for interest rates last week, has provided a boost to
commodity prices. On Wednesday, the price of oil jumped 2
percent and the bullion price gained 0.5 percent.

Mar 24, 2015

Energy, financial sectors drive TSX higher

TORONTO, March 24 (Reuters) – Canada’s main stock index rose
for a third straight session on Tuesday, driven by gains in
shares of energy producers and financial companies despite
sluggish economic data from China.

A private survey showed that China’s factory sector activity
fell to its lowest level in 11 months in March, raising concerns
about growth in the world’s second-biggest economy and
increasing hopes that the government might provide more
stimulus.

Mar 24, 2015

TSX climbs as energy, financial sectors gain

TORONTO, March 24 (Reuters) – Canada’s main stock index rose
on Tuesday as strength in energy and financial shares helped
offset sluggish economic data from China.

A private survey showed that China’s factory sector activity
fell to its lowest in 11 months in March.

Mar 23, 2015

TSX edges higher on strength in natural resources

TORONTO, March 23 (Reuters) – Canada’s main stock index
posted a small gain on Monday, helped by strength in natural
resource shares as they benefited from higher commodity prices.

Commodities have been boosted by weakness in the U.S. dollar
since a statement by the Federal Reserve last week that
signaled a softer view on raising U.S. interest rates than some
in the market had expected. Many commodities are priced in U.S.
dollars, and a weaker dollar makes them more affordable to
holders of other currencies.

Mar 23, 2015

Energy, mining shares push TSX higher

TORONTO, March 23 (Reuters) – Canada’s main stock index
advanced on Monday with shares of energy companies climbing on
higher oil prices and miners getting a lift from stronger copper
prices.

Commodity prices have been boosted by weakness in the U.S.
dollar since a statement by the U.S. Federal Reserve last week
that signaled a softer view on raising interest rates than some
in the market had expected. Many commodities are priced in U.S.
dollars, and a weaker dollar makes them more affordable to
holders of other currencies.

Mar 20, 2015

TSX advances as resource shares climb

TORONTO, March 20 (Reuters) – Canada’s main stock index
climbed on Friday as shares of oil producers and miners rose
with commodity prices, helping the index record a weekly gain.

Oil, copper and other commodity prices benefited from
weakness in the U.S. dollar, which has been choppy since the
U.S. Federal Reserve released a cautious policy statement on
Wednesday that signaled it was moving toward raising interest
rates but at a slower pace than some had expected.

Mar 20, 2015

TSX rises on jump in oil and metals prices

TORONTO, March 20 (Reuters) – A rise in commodity prices
pushed up Canada’s main stock index on Friday as shares of oil
producers and miners advanced, with the index looking to be on
track to end the week higher.

Oil, copper and other commodity prices benefited from
weakness in the U.S. dollar, which has been choppy since the
U.S. Federal Reserve released a cautious policy statement on
Wednesday that signaled it was moving toward raising interest
rates but at a slower pace than some had expected.