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Jan 8, 2015

Scotiabank tops in Canada equity issues in 2014 as big deals dominate

TORONTO, Jan 8 (Reuters) – Bank of Nova Scotia led
investment banks in Canada in the value of equity issues it
advised on in 2014, driven by a few high-profile initial public
offerings and some big oil and gas deals before the oil-price
rout in the year’s second half.

Equity issues worth C$37.3 billion ($31.6 billion) were done
in Canada last year, up from C$34.1 billion in 2013, data from
Thomson Reuters showed on Thursday. Scotiabank advised on C$5.5
billion, followed by RBC Capital Markets with C$5.4
billion and BMO Capital Markets with C$4.7 billion.

Jan 7, 2015

TSX index climbs on U.S. data, firmer oil prices

TORONTO, Jan 7 (Reuters) – Canada’s main stock index
advanced on Wednesday as positive U.S. economic data and firmer
oil prices helped drive gains in most major sectors.

Separate data indicated a drop in the U.S. trade deficit to
an 11-month low in November as well as gains in hiring by U.S.
private employers in December.

Jan 6, 2015

TSX nears 3-week low as oil sells off

TORONTO, Jan 6 (Reuters) – Canada’s main stock index dropped
to its lowest in nearly 3 weeks on Tuesday as oil prices plunged
on renewed concerns about a global supply glut, helping push
down shares of energy producers.

The release of sluggish U.S. economic data, with new orders
for factory goods dropping for a fourth straight month in
November, contributed further to the bearish mood.

Jan 6, 2015

TSX hits 2-1/2-week low on oil price slowdown

TORONTO, Jan 6 (Reuters) – Canada’s main stock index fell to
its lowest in 2-1/2 weeks on Tuesday as shares of energy
producers dropped after the price of oil tested new lows on
concerns about oversupply.

The release of sluggish U.S. economic data, with new orders
for factory goods dropping for a fourth straight month in
November, contributed further to the bearish mood.

Jan 5, 2015

Oil selloff triggers biggest TSX drop in 20 months

TORONTO, Jan 5 (Reuters) – Canada’s main stock index
recorded its biggest single-day percentage drop in about 20
months, tumbling nearly 2.5 percent on Monday, as a deepening
selloff in oil prices hit shares of energy companies.

Nine of the 10 main sectors on the Toronto equity index were
trading in the red. The benchmark, which managed to record a
modest gain in 2014, has been held back by the energy group.

Jan 5, 2015

TSX sheds 2 percent as oil prices rattle investors

TORONTO, Jan 5 (Reuters) – Canada’s main stock index dropped
more than 2 percent on Monday as a sharp selloff in the price of
oil sent shares of energy companies tumbling, with investors
trying to assess the impact of the recent pullback on both the
economy and equity markets.

The energy sector shed more than 5 percent in the session
and has lost about a third of its value in the last six months.
Oil prices plunged to a 5-1/2-year low on persistent concerns
about oversupply.

Dec 12, 2014

Canadian medical marijuana company PharmaCan to go public next week

TORONTO, Dec 12 (Reuters) – PharmaCan Capital, a holding
company focusing on the Canadian medical marijuana market, is
set to go public next week, opening up for investors a basket of
licensed producers and signaling the appetite for a growing
industry.

The Toronto-based company has significant stakes of eight
medical marijuana producers, including five licensed by
regulator Health Canada. It will go public through a reverse
takeover of a listed entity, with a ticker symbol on the TSX
venture exchange of “MJN”.

Dec 12, 2014

TSX declines on oil price fall, Chinese data

TORONTO, Dec 12 (Reuters) – Canada’s main stock index fell
on Friday after a slump in the price of oil and disappointing
Chinese economic data sent energy shares down, setting the
market up for a weekly decline.

Figures released on Friday showed China’s factory output
growth slowed more than expected in November and growth in
investment neared a 13-year low.

Dec 11, 2014

U.S. data sparks TSX climb but oil shares stay weak

TORONTO, Dec 11 (Reuters) – Canada’s main stock index
advanced in choppy trading on Thursday as robust U.S. economic
data boosted sentiment even as weak crude prices continued to
undermine oil and gas shares.

Most of the market’s major sectors rose after figures in the
United States showed higher consumer spending in November,
helped by lower gasoline prices.

Dec 11, 2014

TSX rebounds as U.S. data, energy shares support

TORONTO, Dec 11 (Reuters) – Canada’s main stock index
advanced on Thursday as bullish U.S. economic data lifted
confidence in equities and shares of energy companies rebounded
after a brutal selloff in the previous session.

Figures showed higher U.S. consumer spending in November,
helped by lower gasoline prices.