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Jan 15, 2015

TSX declines as energy, Bombardier shares drop

TORONTO, Jan 15 (Reuters) – Canada’s main stock index fell
on Thursday as shares of energy producers dropped with the price
of oil and Bombardier Inc tumbled after the planemaker
said it had suspended development of its new Learjet 85 business
aircraft.

Bombardier also trimmed its forecasts for 2014 and cut 1,000
jobs in Mexico and the United States.

Jan 15, 2015

TSX climbs with resource shares; BlackBerry dives

TORONTO, Jan 15 (Reuters) – Canada’s main stock index rose
on Thursday as shares of energy and gold producers jumped with
commodity prices, offsetting a decline in BlackBerry Ltd
.

A Reuters report, citing a person familiar with the matter
and documents, said on Wednesday that Samsung
recently talked to BlackBerry about buying the smartphone maker
for as much as $7.5 billion. BlackBerry shares, which shot up
nearly 30 percent in the previous session, were down 16.4
percent at C$12.55.

Jan 14, 2015

TSX hits 4-week low but BlackBerry soars on takeover report

TORONTO/WINNIPEG, Jan 14 (Reuters) – Canada’s main stock
index dropped to its lowest in four weeks on Wednesday after the
World Bank cut its global growth forecasts, but BlackBerry Ltd
jumped after a report said Samsung Electronics Co had
approached it about a takeover.

Samsung recently talked to BlackBerry about
buying the smartphone maker for as much as $7.5 billion, looking
to gain access to its patent portfolio, according to a person
familiar with the matter and documents seen by Reuters.
BlackBerry shares shot up nearly 30 percent.

Jan 14, 2015

TSX hits four-week low on global growth concerns

TORONTO, Jan 14 (Reuters) – Canada’s main stock index
dropped to its lowest in four weeks on Wednesday after the World
Bank cut its global economic growth forecasts for this year and
next, weighing on shares of most major sectors.

The World Bank said it lowered its projections due to
disappointing economic prospects in the euro zone, Japan and
some major emerging economies.

Jan 13, 2015

TSX declines as miners drop with copper prices

TORONTO, Jan 13 (Reuters) – Canada’s main stock index fell
on Tuesday as a selloff in copper prices sent shares of First
Quantum Minerals Ltd and Teck Resources Ltd
tumbling, while shares of gold-mining companies eased after a
recent price run-up.

Oil prices, which have been hit by concerns about
oversupply, were choppy, with Brent declining and U.S. crude
advancing. They are down about 60 percent since June.

Jan 13, 2015

TSX advances as U.S. hopes lift banks, insurers

TORONTO, Jan 13 (Reuters) – Canada’s main stock index
climbed on Tuesday as shares of banks and insurers rose on
optimism over strong U.S. profit reports as the fourth-quarter
earnings season got underway.

Alcoa Inc reported a higher-than-expected quarterly
profit on Monday as the aluminum maker benefited from automotive
demand, stronger selling prices and lower energy costs.

Jan 12, 2015

TSX declines as oil prices hit by Goldman forecast

TORONTO, Jan 12 (Reuters) – Canada’s main stock index
dropped on Monday after an oil outlook cut by Goldman Sachs sent
the commodity’s prices and energy shares sharply lower.

Oil prices, which have been pressured by concerns about
excess supply, tumbled more than 5 percent and reached their
lowest level since early 2009.

Jan 12, 2015

TSX drops as energy shares weaken with oil price

TORONTO, Jan 12 (Reuters) – Canada’s main stock index
dropped on Monday as oil prices dropped after Goldman Sachs cut
its forecast for the commodity, sending down shares of energy
companies.

The price of oil, which has been pressured by concerns about
excess supply, reached its lowest since early 2009. Energy
shares are down 41 percent since June.

Jan 9, 2015

TSX drops after U.S. jobs data; banks, industrials fall

TORONTO, Jan 9 (Reuters) – Canada’s main stock index fell on
Friday after a mixed U.S. payrolls report fueled declines in
financial and industrial shares.

The U.S. data showed nonfarm payrolls increased in December
and the unemployment rate fell to 6-1/2 year low, but a drop in
wages left investors fretting.

Jan 8, 2015

TSX jumps on U.S. data, energy shares

TORONTO, Jan 8 (Reuters) – Canada’s main stock index rose
1.2 percent on Thursday as positive U.S. data reinforced the
Federal Reserve’s confidence in the economy and the energy
sector climbed with the price of U.S. crude oil.

Latest labor-market figures showed strength in the U.S.
economy, with the number of jobless claims falling last week and
job cuts declining for a second straight month in December.