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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.

Mar 13, 2015

TSX drops as oil prices drag energy shares lower

TORONTO, March 13 (Reuters) – Canada’s main stock index fell
on Friday as renewed concern about oversupply weighed on oil
prices, sending shares of energy producers lower.

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

Mar 12, 2015

TSX gains as copper price lifts mining stocks

TORONTO, March 12 (Reuters) – Canada’s main stock index
ended higher on Thursday as a rise in copper prices supported
shares of some mining companies, offsetting a decline in the
energy sector.

The benchmark TSX’s second straight gain follows equity
market weakness after a strong U.S. jobs report on Friday fueled
investor speculation that the Federal Reserve might raise
interest rates sooner than expected.

Mar 12, 2015

Canada IPO market trades commodities for tech as valuations climb

TORONTO, March 12 (Reuters) – Technology companies look set
to supplant energy and mining firms as the driver of Canadian
initial public offerings this year as global optimism about tech
startups boosts valuations and spurs early investors to cash
out.

The anticipated surge in capital-raising by tech companies
would provide a much-needed boost to the commodity-heavy
Canadian equity market, which has been hit hard by plunging oil
and metal prices.

Mar 12, 2015

TSX rises as miners gain with copper price, energy slips

TORONTO, March 12 (Reuters) – Canada’s main stock index
advanced on Thursday as higher copper prices supported shares of
some mining companies, helping offset a decline in the energy
sector.

The benchmark TSX’s second straight gain follows equity
market weakness after a strong U.S. jobs report on Friday fueled
investor speculation that the Federal Reserve might raise
interest rates sooner than expected.

Mar 11, 2015

TSX rebounds as energy shares advance with oil price

TORONTO, March 11 (Reuters) – Canada’s main stock index
rebounded from recent sharp declines on Wednesday as a jump in
the price of Brent crude oil helped support shares of energy
producers.

The index lost more than 3 percent in the previous three
sessions as investors’ bets on a U.S. Federal Reserve interest
rate hike boosted the U.S. dollar and hit commodity prices.
Canada is a major exporter of oil, metals and other commodities.