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Dec 11, 2012

Carney carries Canadian lessons to the Bank of England

TORONTO (Reuters) – The Bank of Canada’s Mark Carney mused about priorities in reply to a question about the lessons he would take to his next job in London, but said he would only discuss Britain’s needs when he talks to a House of Commons committee next year.

Asked about lessons he would take to his next position, as the head of the Bank of England, Carney stressed the importance of speedy, transparent action to address potential flashpoints.

Dec 11, 2012

Bank of Canada-Household debt could spur higher rates

TORONTO, Dec 11 (Reuters) – The Bank of Canada may need to
raise interest rates higher than would be normal in order to
curb household debt, although its talk of higher rates has
already encouraged more prudent borrowing, Governor Mark Carney
said on Tuesday.

In his first speech since being appointed as the next Bank
of England governor, Carney repeated the bank’s mildly hawkish
line on the likelihood of a modest withdrawal of stimulus
measures. That stance, maintained since April, has made Canada’s
central bank an outlier among the central banks of developed
countries.

Oct 30, 2012

TSX hits 1-week high as investors assess Sandy hit

TORONTO, Oct 30 (Reuters) – Toronto’s main stock index rose
on Tuesday led by materials stocks, though volume was lighter
than usual, as investors sought to gauge the impact of storm
Sandy on the United States.

Sandy, one of the biggest storms to ever hit the country,
left at least 30 people dead and caused significant power
disruptions, though some market players had expected even more
devastation.

Oct 30, 2012

TSX reaches 1-wk high; investors assess Sandy hit

TORONTO, Oct 30 (Reuters) – Toronto’s main stock index rose
on Tuesday, led higher by financial and energy stocks on lighter
than usual volumes, as investors sought to gauge the impact of
monster storm Sandy on the United States.

Sandy, one of the biggest storms to ever hit the country,
left at least 18 people dead and caused significant power
disruptions, though some market players had expected even more
devastation.

Oct 30, 2012

TSX rises, but U.S. storm weighs on volumes

TORONTO, Oct 30 (Reuters) – Toronto’s main stock index rose
on Tuesday, led higher by financial and energy stocks on light
volumes, as investors tried to assess the impact of super storm
Sandy on the United States.

Sandy, one of the biggest storms to ever hit the country,
left at least 15 people dead and caused significant power
disruptions, though some market players had expected even more
devastation.

Oct 25, 2012

TSX jumps on Goldcorp results, economic data

TORONTO, Oct 25 (Reuters) – Canada’s main stock index rose 1
percent on Thursday as strong results from miner Goldcorp Inc
and encouraging global economic data helped lift stocks
across all sectors.

Goldcorp, Canada’s second-biggest gold miner, posted a 48
percent rise in quarterly profit, sending its shares up 4.9
percent to C$42.78. It was the most heavily weighted riser on
the index.

Oct 4, 2012

Canada may dodge housing hard landing, Flaherty says

WHITBY, Ontario, Oct 4 (Reuters) – Pressures in the Toronto
and Vancouver housing markets are moderating, Canadian Finance
Minister Jim Flaherty said on Thursday, with neither a bubble
nor a hard landing in sight for the country’s property market.

“I don’t think there is a bubble, or a danger of a bubble in
Toronto and Vancouver. I’m actually comfortable with the fact
that we’ve seen some moderation in pressures in that market,
both of those markets and across the country,” Flaherty told
reporters.

Sep 7, 2011

McDonald’s to spend $1 bln to update Canada stores

TORONTO, Sept 7 (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) will
spend $1 billion renovating its stores in Canada, the
restaurant chain said on Wednesday, as competition with Tim
Hortons Inc (THI.TO: Quote, Profile, Research, Stock Buzz) heats up.

The Canadian unit of the Oak Brook, Illinois-based company,
which has been operating for 44 years, plans to refurbish most
of its 1,400 restaurants by the end of 2012, with more than
half finished by the end of this year.

Aug 30, 2011

Couche-Tard profit misses estimates, shares fall

TORONTO, Aug 30 (Reuters) – Alimentation Couche-Tard Inc
(ATDb.TO: Quote, Profile, Research, Stock Buzz), Canada’s top convenience store operator, posted a 10
percent rise in quarterly profit on Tuesday but missed market
estimates due to higher motor fuel prices and intense
competition, sending its shares lower.

Merchandise sales at stores open for at least a year, a key
measure for retailers, were up 1.5 percent in the United States
and down 0.2 percent in Canada.

Aug 30, 2011

White-knight Valeant swoops in for Afexa

TORONTO, Aug 30 (Reuters) – Acquisition-hungry Valeant
Pharmaceuticals International (VRX.TO: Quote, Profile, Research, Stock Buzz) stepped into the battle
for Canadian cold and flu medicine maker Afexa Life Sciences
(FXA.TO: Quote, Profile, Research, Stock Buzz) on Tuesday with a friendly C$76 million ($77.6
million) takeover offer that tops a rival bid by 34 percent.

The deal would give Valeant control of Canada’s No. 1
selling cold and flu medicine, Cold-FX, and let the
Mississauga, Ontario-based company pursue its strategy of
making Canada a key growth area.