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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.

Feb 26, 2015

TSX edges higher as TD, CIBC shares overcome energy decline

TORONTO, Feb 26 (Reuters) – Canada’s main stock index rose
slightly on Thursday as advances in Toronto Dominion Bank
and Canadian Imperial Bank of Commerce helped
offset a drop in the energy sector.

TD shares advanced 1 percent, to C$54.47, after the company
posted a slightly higher profit in line with expectations, as
gains at its retail division offset weakness in wholesale
banking.

Feb 26, 2015

TSX hits one-week high as TD, CIBC climb on results

TORONTO, Feb 26 (Reuters) – Canada’s main stock index
reached its highest in a week on Thursday as gains in Toronto
Dominion Bank and Canadian Imperial Bank of Commerce
, following quarterly reports from the two lenders,
overcame weakness in the energy sector.

TD advanced 2.1 percent, to C$55.06, after the company
posted a slightly higher profit in line with expectations, as
gains at its retail division offset weakness in wholesale
banking.

Feb 26, 2015

Canadian commercial lending slips for fourth straight quarter -PayNet

TORONTO, Feb 26 (Reuters) – Commercial borrowing by small
and medium-sized businesses in Canada fell for a fourth straight
quarter as the country began to feel the impact of a slump in
oil prices, data from PayNet showed on Thursday.

A dramatic drop in oil prices in recent months has weighed
on the energy sector and the broader resource-driven Canadian
economy, prompting the Bank of Canada to cut interest rates last
month.

Feb 25, 2015

TSX higher on Hudson’s Bay surge, banks gain too

TORONTO, Feb 25 (Reuters) – Canada’s main stock index gained
on Wednesday as Hudson’s Bay Co surged on a plan to
carve out its real estate assets and banking stocks rose after
Royal Bank of Canada and National Bank of Canada
posted solid earnings.

HBC said it will form two real estate joint ventures that
will bring in about C$1.1 billion ($890 million) in cash. The
stock shot up 19.7 percent to C$26.57.

Feb 25, 2015

TSX steady as RBC, HBC gains offset impact of lower oil

TORONTO, Feb 25 (Reuters) – Canada’s main stock index was
little changed on Wednesday as gains in Royal Bank of Canada
and Hudson’s Bay Co offset a drop in the shares
of energy producers as oil prices fell.

RBC shares rose 3 percent to C$77.28 after the company
posted a stronger-than-expected quarterly profit, driven by
significant gains in its personal and commercial banking and
capital markets businesses. The strength in RBC helped lift the
broader financial sector.

Feb 24, 2015

TSX declines as energy, BMO shares drop

TORONTO, Feb 24 (Reuters) – Canada’s main stock index fell
on Tuesday as a decline in oil and gas shares and a drop in Bank
of Montreal offset optimism spurred by comments by U.S.
Federal Reserve Chair Janet Yellen on monetary policy direction.

BMO shares shed 2 percent to C$75.83 after the lender posted
a smaller-than-expected first-quarter profit, hurt by the impact
of declining long-term interest rates on its insurance unit and
lower investment and corporate banking revenues.