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Feb 22, 2012

TSX tied down by weak China, Europe data

TORONTO, Feb 22 (Reuters) – Toronto’s main stock index
was little changed at midday on Wednesday after hitting a
five-month high the previous session as weak data from the euro
zone and China countered strong U.S. housing figures.

U.S. home resales surged in January to a 1-1/2 year high and
the supply of properties on the market was the lowest in almost
seven years, pointing to a nascent housing recovery in Canada’s
top trading partner.

Feb 21, 2012

Greek debt deal spurs TSX to five-month high

TORONTO, Feb 21 (Reuters) – Canadian stocks surged to
a five-month high on Tuesday, with mining and oil shares leading
the way, as risk appetite grew after euro-zone finance ministers
sealed a bailout package for Greece.

The 130 billion euro ($172 billion) deal was finalized after
euro-zone officials forced Athens to commit to unpopular cuts
and as private bondholders agreed to accept deeper losses.
It means Greece will not default on 14.5 billion
euro in bond redemptions due next month.

Feb 21, 2012

TSX surges as Greek deal boosts mining, energy shares

TORONTO, Feb 21 (Reuters) – Canada’s main stock index
was sharply higher on Tuesday morning as mining and energy
issues surged after euro zone finance ministers sealed a bailout
package for Greece, overshadowing weak Canadian retail sales
data.

European officials finalized a 130 billion euro ($172
billion) bailout for Greece on Tuesday to avert a chaotic
default next month after forcing Athens to commit to unpopular
cuts and for private bondholders to accept deeper losses.

Feb 17, 2012

TSX ends lower, but still up for the week

TORONTO, Feb 17 (Reuters) – Canadian stocks fell
slightly on Friday as earnings-related drops in gold-mining and
financial issues offset optimism that Greece will seal a
long-awaited bailout deal next week and avoid a messy debt
default.

Soft earnings from Canada’s top gold miners this week
dragged on the heavyweight materials sector, which fell 1
percent. Financial shares were down 0.1 percent, hurt by a big
quarterly loss reported by Fairfax Financial Holdings.

Feb 17, 2012

TSX falls on gold miners, financials

TORONTO, Feb 17 (Reuters) – Toronto’s main stock index
was lower at midday on Friday as earnings-related drops in
gold-mining and financial shares offset optimism that Greece
will seal a long-awaited bailout deal next week and avoid a
messy debt default.

Soft earnings from Canada’s top gold miners this week
dragged on the heavyweight materials sector, which fell 1
percent. Financial shares were down 0.2 percent, hurt by a big
quarterly loss reported by Fairfax Financial Holdings.

Feb 16, 2012

TSX surges on gold miners, Greek hopes

TORONTO, Feb 16 (Reuters) – Canadian stocks notched
their biggest single-day gain this month on Thursday as
gold-mining earnings, higher oil prices and strong U.S. economic
data boosted resource shares, while euro-zone debt fears eased.

Fourth-quarter earnings from Canada’s top gold producers
initially failed to excite, but on closer inspection sharp
dividend increases by Kinross Gold and Agnico-Eagle
won over investors. Kinross and Agnico shares both
jumped 7 percent to C$11.07 and C$36.57 respectively.

Feb 16, 2012

TSX rebounds on energy issues, Greek hopes

TORONTO, Feb 16 (Reuters) – Toronto’s main stock index
bounced higher by midday Thursday, reversing early losses, as
energy shares were lifted by rising oil prices and strong U.S.
data, while optimism over a Greek debt deal offset softer than
expected earnings by Barrick Gold.

Oil and gas producers pulled the index into positive
territory after Brent crude prices climbed to $120 a barrel on
Iran supply concerns and an expected drop in North Sea output.

Feb 15, 2012

TSX ends flat as Greek worries offset energy gains

TORONTO, Feb 15 (Reuters) – Canadian stocks ended
little changed on Wednesday as fears of oil supply disruptions
and some encouraging U.S. economic data boosted energy issues,
but the gains were limited by reports that Greece’s debt bailout
may be delayed.

Oil and gas producers kept Toronto’s main index in positive
territory, rising 0.5 percent after Brent crude hit a six-month
high near $120 a barrel on concern about reduced supplies from
Iran, other Middle East producers and Africa.

Feb 15, 2012

TSX rises on economic data, but Greek worry nags

TORONTO, Feb 15 (Reuters) – Canadian stocks were
higher at midday on Wednesday on encouraging economic data and
news that China would continue to buy up European debt, but
enthusiasm was tempered by reports that Greece’s debt bailout
may be delayed.

Greece approved painful austerity measures on Sunday to
secure another European Union debt bailout but sources said the
deal may now be delayed until after Athens holds elections in
April.

Feb 15, 2012

Canada home sales fall in January from December

TORONTO, Feb 15 (Reuters) – Sales of existing homes in
Canada fell 4.5 percent in January from December, the Canadian
Real Estate Association said on Wednesday, in the latest sign
the once hot market is cooling.

The industry group also said the number of newly listed
homes edged down 1.4 percent on a month-over-month basis.

    • About Jon

      "Jon Cook is a new media veteran, having worked online since 1996. Jon has specialized in startups, having cut his teeth as an editor/reporter at Canoe.ca for 12 years; contributing to its growth as one of Canada's premier online news destinations. Before coming to Reuters Jon helped launch the GlobeandMail.com's small business section - The Business Incubator - producing stories, podcasts and video interviews that illustrated the intense challenges facing today's entrepreneurs. Jon is a hybrid journalist who has been regularly published online, as well as in newspapers across the country and has appeared on television, including the CBC. ..."
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