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Feb 23, 2015

TSX edges lower as energy, bank shares drag

TORONTO, Feb 23 (Reuters) – Canada’s main stock index
slipped on Monday as shares of energy companies were pulled
lower by weakness in oil prices, offsetting a surge in Valeant
Pharmaceuticals International Inc after the drugmaker announced
a major acquisition.

Another drag on the market was a drop in shares of Canadian
banks ahead of their earnings reporting season. Concerns about
the impact of lower oil prices and worries about a slowing
Canadian economy have contributed to the negative sentiment.

Feb 22, 2015

Investors sour on Canadian banks ahead of earnings

TORONTO (Reuters) – Investor sentiment in Canadian banks has begun to sour ahead of earnings this week as short interest positions in the stocks have jumped and analysts have begun to get increasingly skittish about their prospects in a weakening Canadian economy.

Canadian financials have been the worst performing among the 10 major sectors on the benchmark stock index year-to-date and the sector has fallen nearly 5 percent in the last three months. Some investors now fear that the banks, a major component of the financial sector, could be in for more pain.

Feb 20, 2015

TSX steady as bank shares offset Valeant gain

TORONTO, Feb 20 (Reuters) – Canada’s main stock index ended
little changed on Friday as a drop in bank shares ahead of their
earnings season helped offset a gain in shares of Valeant
Pharmaceuticals International Inc.

Bearish sentiment gained momentum as Canadian banks prepared
to reported quarterly results next week. Sluggish retail sales
data also weighed.

Feb 19, 2015

Goldcorp, SNC-Lavalin slumps push TSX lower

TORONTO, Feb 19 (Reuters) – Canada’s main stock index fell
on Thursday, hurt by sharp selloffs in Goldcorp Inc and
SNC-Lavalin Group Inc.

Goldcorp, the world’s biggest gold producer by market value,
posted a hefty loss as it took a $2.3 billion impairment charge
on a new mine in Argentina, the second multibillion-dollar
writedown from a top gold miner in as many days.

Feb 19, 2015

TSX drops as oil prices weaken; SNC tumbles

TORONTO, Feb 19 (Reuters) – Canada’s main stock index fell
on Thursday as a buildup in U.S. crude inventories weighed on
oil prices and shares of energy companies.

Further, shares of SNC-Lavalin Group tumbled 7.3
percent after the Canadian police laid corruption charges
against the company and some of its units, in relation to their
operations in Libya.

Feb 18, 2015

TSX declines as oil prices pull energy shares lower

TORONTO, Feb 18 (Reuters) – Canada’s main stock index
slipped on Wednesday as a recent rally in the price of oil began
showing signs of losing momentum, weighing on energy producers’
shares.

Investors also followed news that Greece will submit a
request to the euro zone to extend a “loan agreement” for up to
six months. However, Germany said no such deal was in the works
and Athens must stick to the terms of its existing international
bailout.

Feb 17, 2015

TSX up slightly as Restaurant Brands gain offsets resources

TORONTO, Feb 17 (Reuters) – Canada’s main stock index edged
higher on Tuesday as a jump in Restaurant Brands International
Inc, following the fast-food chain’s quarterly report,
helped offset declines in the natural resource sectors after
commodity prices weakened.

Worries about whether Greece will be able to secure a debt
deal remained an overhang on the market. Talks between Greece
and euro zone finance ministers over the country’s debt crisis
broke down on Monday when Athens rejected a proposal to request
a six-month extension of its international bailout package as
“unacceptable.”

Feb 17, 2015

Canadian proxy firm Kingsdale readies U.S. launch, eyes acquisitions

TORONTO (Reuters) – Canadian proxy solicitation firm Kingsdale Shareholder Services will expand into the highly competitive U.S. market by opening a New York office next month and could bolster the move with acquisitions, its chief executive said on Tuesday.

Toronto-based Kingsdale, majority-owned by MDC Partners Inc, is also looking to launch in the United Kingdom and Australia in the next two years.

Feb 17, 2015

TSX edges higher as Greek worries offset by Restaurant Brands

TORONTO, Feb 17 (Reuters) – Canada’s main stock index edged
higher on Tuesday as a jump in shares of Restaurant Brands
International Inc, after the fast-food chain reported
quarterly results, helped offset worries about whether Greece
will be able to secure a debt deal.

Talks between Greece and euro zone finance ministers over
the country’s debt crisis broke down on Monday when Athens
rejected a proposal to request a six-month extension of its
international bailout package as “unacceptable.”

Feb 13, 2015

TSX nears 5-month high on energy gains; TransCanada slips

TORONTO, Feb 13 (Reuters) – Canada’s main stock index rose
to its highest level in almost five months on Friday as robust
oil prices helped boost the energy sector, offsetting a decline
in TransCanada Corp after the pipeline company reported
quarterly results.

Positive signals from Germany, where economic growth was
much stronger than expected in the fourth quarter, also
supported the market.