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Jan 22, 2015

TSX hits 2-week high after ECB, Bank of Canada moves

TORONTO, Jan 22 (Reuters) – Canada’s main stock index
advanced on Thursday to its highest level in two weeks as
investors cheered the European Central Bank’s stimulus measures
and an unexpected rate cut by the Bank of Canada.

Bank of Canada’s interest rate cut on Wednesday was meant to
ease the impact that weaker oil prices are having on the
economy. The move fueled a 1.8 percent jump in the TSX on
Wednesday.

Jan 21, 2015

Shock Bank of Canada rate cut boosts TSX, banks climb

TORONTO, Jan 21 (Reuters) – Canada’s main stock index
rallied on Wednesday after the central bank cut its benchmark
rate in a shock move, helping boost shares of energy companies
as well as interest-sensitive banks and other financial issues.

The cut came after the longest period of unchanged rates
since 1950. Governor Stephen Poloz said the central bank made
the surprise move to provide “insurance” against risks stemming
from the “oil price shock.”

Jan 21, 2015

TSX jumps as Bank of Canada startles market with rate cut

TORONTO, Jan 21 (Reuters) – Canada’s main stock index hit a
two-week high on Wednesday after the Bank of Canada cut its
benchmark rate in a surprise move to minimize the impact of
lower oil prices on economic growth, sending most major sectors,
including the energy group, higher.

The central bank’s cut to 0.75 percent from 1 percent came
after the longest period of unchanged rates since 1950. The move
was directed partly at preventing financial instability that
could result from a vulnerable housing market.

Jan 20, 2015

TSX steady as gold miners jump, energy shares slip

TORONTO, Jan 20 (Reuters) – Canada’s main stock index was
little changed on Tuesday, with a rally in the gold-mining
sector offset by weakness in energy shares, as investors
digested economic data from China and a global growth forecast
from the International Monetary Fund.

The Chinese economy grew at its slowest pace in 24 years in
2014, but fourth-quarter growth held steady at 7.3 percent,
slightly stronger than had been expected.

Jan 20, 2015

TSX steady after Chinese data; energy shares drop

TORONTO, Jan 20 (Reuters) – Canada’s main stock index was
little changed on Tuesday as investors found relief in data that
showed economic growth in China was not as weak as some had
expected, but shares of energy producers fell with oil prices.

The Chinese economy grew at its slowest pace in 24 years in
2014, but fourth-quarter growth held steady at 7.3 percent,
slightly stronger than had been expected.

Jan 19, 2015

TSX steady as energy shares drop, other sectors gain

TORONTO, Jan 19 (Reuters) – Canada’s main stock index was
little changed on Monday as a decline in oil and gas stocks,
fueled by lower crude prices, offset gains in other sectors.

The plunge in oil prices over the past six months, triggered
by worries about excess supply, has been the biggest drag on
both energy shares and Canada’s benchmark equities index. The
TSX is down about 2.5 percent this year.

Jan 19, 2015

TSX declines as oil prices, energy shares weaken

TORONTO, Jan 19 (Reuters) – Canada’s main stock index eased
on Monday as a decline in oil prices and concerns about the
Chinese economy weighed on energy shares, which resumed their
downward trend.

The Chinese premier said the country’s economy faces
significant downward pressure this year. Investors were also
awaiting China’s fourth-quarter gross domestic product report,
due on Tuesday.

Jan 16, 2015

TSX jumps nearly 2 percent as oil, metals strengthen

TORONTO, Jan 16 (Reuters) – Canada’s main stock index rose
nearly 2 percent on Friday as shares of oil and mining companies
soared on the back of rebounding commodity prices.

Oil prices, under pressure since June due to concerns about
oversupply, strengthened after the International Energy Agency
said that it expects “the tide will turn”.

Jan 16, 2015

TSX jumps as oil and gold shares rebound with commodity prices

TORONTO, Jan 16 (Reuters) – Canada’s main stock index
climbed on Friday as shares of oil companies and gold miners
gained along with crude and bullion prices after data showed a
big drop in U.S. consumer prices in December and steady
inflation.

The figures were seen as spurring the U.S. Federal Reserve
to be more cautious about raising interest rates.

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.