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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.

Mar 19, 2015

TSX declines as Fed rally reversed, oil shares drop

TORONTO, March 19 (Reuters) – Canada’s main stock index fell
on Thursday, reversing the previous session’s gain, as investors
digested comments from the U.S. Federal Reserve, while shares of
energy producers dropped with oil prices.

The U.S. central bank took a step towards raising interest
rates on Wednesday by removing the word “patient” from its
policy statement. But its move to downgrade its economic growth
and inflation projections signaled to investors that a rate hike
might not happen until later in the year, and that spurred a
stock market rally on Wednesday.

Mar 19, 2015

TSX slips on Fed signals, energy shares drop

TORONTO, March 19 (Reuters) – Canada’s main stock index fell
on Thursday as investors digested comments from the U.S. Federal
Reserve and shares of energy producers dropped with the price of
oil.

The U.S. central bank on Wednesday took a step towards
raising rates by removing the word “patient” from its policy
statement. But its move to downgrade its economic growth and
inflation projections signaled to investors that a rate hike
might not happen until later in the year.

Mar 18, 2015

TSX up after U.S. Fed comments ease market concerns

TORONTO, March 18 (Reuters) – Canada’s main stock index hit
its highest level in more than a week on Wednesday after the
U.S. Federal Reserve opened the door further to the possibility
of an interest rate increase.

The U.S. central bank’s comments were released after a
two-day policy meeting and were less hawkish than expected. The
bank provided more clarity about plans to raise interest rates,
but stopped short of saying when that could happen.

Mar 18, 2015

TSX declines as investors are cautious ahead of Fed

TORONTO, March 18 (Reuters) – Canada’s main stock index
slipped on Wednesday as investors were nervous ahead of Federal
Reserve comments expected to clarify the U.S. central bank’s
plans to raise interest rates.

The Fed is expected to release a statement this afternoon,
which will be followed by a press conference by Chair Janet
Yellen.

Mar 17, 2015

Oil-share bounce helps TSX edge higher ahead of Fed

TORONTO, March 17 (Reuters) – Canada’s main stock index rose
slightly on Tuesday, lifted by a small bounce-back in oil
producers, as investors anxiously awaited a U.S. Federal Reserve
statement on its policy outlook.

After being beaten down for months, energy shares rose,
shrugging off rising crude inventories that renewed worries
about a global supply glut and sent the price of U.S. crude to a
six-year low on Tuesday.

Mar 17, 2015

TSX declines on oil oversupply worries; Fed eyed

TORONTO, March 17 (Reuters) – Canada’s main stock index
dropped on Tuesday as fresh concerns about oversupply hit oil
prices and shares of energy producers, while the market remained
focused on the outcome of a crucial Federal Reserve policy
meeting.

Rising inventories renewed worries about a global supply
glut, sending the price of U.S. crude to a six-year low.

Mar 16, 2015

TSX climbs on upbeat sentiment ahead of Fed meeting

TORONTO, March 16 (Reuters) – Canada’s main stock index rose
on Monday as most major sectors benefited from bullish global
equity market sentiment ahead of a crucial U.S. Federal Reserve
policy meeting later this week.

A gain in Valeant Pharmaceuticals International Inc
provided further support and helped overcome a fall in oil and
gas shares spurred by lower crude prices.

Mar 16, 2015

Valeant helps push TSX higher despite drop in oil shares

TORONTO, March 16 (Reuters) – Canada’s main stock index
jumped on Monday as a gain in Valeant Pharmaceuticals
International Inc helped overcome a drop in oil and gas
shares spurred by lower crude prices.

The rise in drugmaker Valeant came after Salix
Pharmaceuticals Inc agreed to Valeant’s increased
takeover offer of $173 per share cash in a $10.96 billion deal.

Mar 13, 2015

TSX declines as energy shares slip with oil prices

TORONTO, March 13 (Reuters) – Canada’s main stock index fell
on Friday as renewed concerns about oversupply of crude and a
strong U.S. dollar triggered a drop in oil prices and sent
shares of energy producers lower.

Oil’s latest decline was driven by a report from the
International Energy Agency that cautioned that the global
supply glut was showing no signs of abating.