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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.

Mar 2, 2015

TSX steady as Valeant’s climb helps offset oil-share drop

TORONTO, March 2 (Reuters) – Canada’s main stock index was
steady on Monday as weakness in shares of energy producers on
lower oil prices was offset by a gain in Valeant Pharmaceuticals
International Inc.

The price of Brent crude dropped 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.

Feb 27, 2015

TSX steady as miners, banks edge higher

TORONTO, Feb 27 (Reuters) – Canada’s main stock index closed
little changed on Friday as higher bullion prices boosted shares
of gold miners, while banks climbed after reporting quarterly
results earlier this week.

The bank results helped calm investor fears about the
impact a sluggish economy and the oil-price slump are having on
financial institutions.

Feb 27, 2015

Canada’s OMERS posts solid 2014 results, targets asset mix shift

TORONTO, Feb 27 (Reuters) – Canadian pension plan OMERS said
on Friday it generated a 10 percent return in 2014 on the back
of big gains in investments in public and private markets, and
it plans to make a gradual shift in its portfolio asset mix over
the next 3 to 5 years.

OMERS, or the Ontario Municipal Employees Retirement System,
said net assets rose to C$72 billion ($57.71 billion) at the end
of 2014, from C$65.1 billion at the end of 2013.

Feb 27, 2015

TSX climbs as energy, financial sectors advance

TORONTO, Feb 27 (Reuters) – Canada’s main stock index rose
on Friday as higher oil prices helped support shares of energy
companies and banks climbed after reporting quarterly results
earlier this week.

Brent crude oil was on track to record its first monthly
gain since July, supported by strong investor inflows, an
improving demand outlook and supply outages.