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Mar 10, 2015

TSX hits five-week low on fears of Fed rate hike

TORONTO, March 10 (Reuters) – Canada’s main stock index
dropped to its lowest in five weeks on Tuesday, hit by concerns
that the U.S. Federal Reserve could raise interest rates sooner
than later.

Further, a strong U.S. dollar and mixed economic data from
China put pressure on oil prices, weighing on shares of energy
producers.

Mar 9, 2015

TSX closes at five-week low as energy, BlackBerry slump

TORONTO, March 9 (Reuters) – Canada’s main stock index hit
its lowest level in five weeks on Monday, as energy shares fell
with weaker Brent oil prices and smartphone maker
BlackBerry Ltd dropped after a downgrade by Goldman
Sachs.

BlackBerry shed 7.4 percent to end at C$12.44, and the
energy sector dropped 2.4 percent on continued weakness in crude
prices on concerns about oversupply.

Mar 9, 2015

TSX declines as energy, BlackBerry shares drop

TORONTO, March 9 (Reuters) – Canada’s main stock index
declined in choppy trading on Monday as energy shares fell on
lower oil prices and smartphone maker BlackBerry Ltd
dropped after a downgrade by Goldman Sachs.

BlackBerry was 5.5 percent lower at C$12.70, and the energy
sector dropped 1 percent on continued weakness in crude prices.

Mar 6, 2015

TSX drops as U.S. jobs data sparks rate hike fears

TORONTO, March 6 (Reuters) – Canada’s main stock index
dropped to its lowest in more than a month on Friday as a
bullish U.S. jobs report raised fears that the Federal Reserve
could increase interest rates sooner than expected.

The upbeat data, coupled with a stronger U.S. dollar, helped
send the bullion price tumbling. Shares of gold miners dived.

Mar 6, 2015

TSX steady as gold miners drop, banks gain

TORONTO, March 6 (Reuters) – Canada’s main stock index was
little changed on Friday as the price of bullion declined after
a bullish U.S. jobs report, sending shares of gold miners
sharply lower and offsetting a gain in the index’s financial
sector.

The U.S. data showed a pickup in the pace of employment
growth in February and a drop in the jobless rate to a multiyear
low, raising speculation that the Federal Reserve might raise
interest rates sooner than expected.

Mar 4, 2015

TSX drops as bank, energy shares weaken

TORONTO, March 4 (Reuters) – Canada’s main stock index fell
on Wednesday as shares of banks dropped after their quarterly
earnings reports and energy shares declined with the price of
Brent crude.

Shares of Canada’s major banks have been choppy since the
banks began reporting results last week. It was a mixed quarter
overall, with Bank of Nova Scotia capping off the
earnings season by posting a weaker-than-expected quarterly
profit on Tuesday.

Mar 4, 2015

Bank, energy shares pull TSX lower in choppy trade

TORONTO, March 4 (Reuters) – Canada’s main stock index fell
in volatile trading on Wednesday as shares of banks declined
after recent quarterly earnings reports and energy shares
slipped after the price of crude oil dropped.

Bank shares have been choppy since the major banks began
reporting results last week. It was a mixed quarter overall,
with Bank of Nova Scotia capping off the earnings
season by posting a weaker-than-expected quarterly profit on
Tuesday.

Mar 3, 2015

Scotiabank profit misses expectations, shares drop

March 3 (Reuters) – Bank of Nova Scotia posted a
lower-than-expected quarterly profit on Tuesday, hurt by an
increase in credit-loss provisions and higher expenses, sending
its shares down about 1.6 percent.

The results at Scotiabank, Canada’s No. 3 lender, round out
a mixed quarter for the country’s big banks, with Royal Bank of
Canada and Canadian Imperial Bank of Commerce
topping profit expectations, Bank of Montreal falling
short, and Toronto-Dominion Bank basically in line.

Mar 2, 2015

Canada’s Hardy Capital sees online shoe retailer IPO in 2015

TORONTO, March 2 (Reuters) – Canadian entrepreneur and
venture capitalist Roger Hardy said on Monday he is looking to
take an online shoe retailing company public this year to tap
investor appetite for e-commerce businesses.

Hardy told Reuters by phone that he expects the company,
which will be called Shoes.com Technologies Ltd, to record net
revenue $250 million in 2015, with the United States
contributing about 85 percent.

Mar 2, 2015

TSX advances as Valeant climbs, offsets weaker oil shares

TORONTO, March 2 (Reuters) – Canada’s main stock index rose
on Monday as a jump in Valeant Pharmaceuticals International Inc
helped offset weakness in the energy sector after the
price of Brent crude oil dropped.

Brent crude slipped after Iran said a deal on its nuclear
program could be done this week if the West lifts sanctions,
which could boost the country’s oil exports.