Kayan's Feed
May 2, 2011

TSX rallies to 3-wk high as oils, banks rise

TORONTO, May 2 (Reuters) – Toronto’s main stock index hit a
three-week high on Monday, influenced by a turnaround in energy
prices and buoyed by news that al Qaeda leader Osama bin Laden
had been killed.

The heavily weighted energy sector gained more than 1
percent, led by Suncor Energy (SU.TO: Quote, Profile, Research, Stock Buzz), which rose 1.8 percent
to C$44.42, while Talisman Energy (TLM.TO: Quote, Profile, Research, Stock Buzz) rose 1.8 percent to
C$23.25.

May 1, 2011

Investors wrestle with shift in NDP momentum

TORONTO, May 1 (Reuters) – The rise of the left-leaning New
Democratic Party could knock Canadian markets lower for a bit
unless a vote split between the NDP and the Liberals in
Monday’s election gives the incumbent Conservatives the
majority government they covet.

Toronto’s main stock market traded cautiously in the final
week of the election campaign, slipping 0.2 percent to
13,944.79 on the week, with analysts attributing some of the
fall to an election campaign that has transformed from soap
opera to thriller with the surge of the NDP in the opinion
polls.

Apr 29, 2011

TSX ends higher as resources overcome RIM drop

TORONTO, April 29 (Reuters) – Toronto’s main stock index
made a late-day dash higher on Friday as rallying resource
issues overcame a plunge by BlackBerry maker Research In Motion
(RIM.TO: Quote, Profile, Research, Stock Buzz).

The energy and materials groups, which together make up
about 50 percent of the index’s weight, were up 1.12 percent
and 0.67 percent respectively.

Apr 21, 2011

TSX rises to 1-week high on gold rally

TORONTO, April 21 (Reuters) – Toronto’s main stock index
rose modestly on Thursday morning, buoyed by strong North
American corporate earnings and a push into commodities.

Spurred by a record-high gold price, gold miners were among
the top risers and helped the index jump to its highest level
in more than a week. A moderate rise in the price of oil helped
the index’s energy group advance 0.54 percent.

Apr 19, 2011

C$ rises,bonds fall;CPI spurs rate hike talk

TORONTO, April 19 (Reuters) – The Canadian dollar firmed to
a one-week high on Tuesday after data showed Canada’s annual
inflation rate in March jumped to its highest level since
September 2008, ratcheting up pressure on the Bank of Canada to
resume raising interest rates soon.

On a year over year basis, the inflation rate in March shot
up to 3.3 percent from 2.2 percent in February, well above
market expectations, and above the Bank of Canada’s target
range. The core rate remained tame, but was still higher than
market forecasts. [ID:nN19160402]

Apr 19, 2011

C$ rises, bonds fall, as CPI spurs rate hike talk

TORONTO, April 19 (Reuters) – The Canadian dollar firmed to
a one-week high on Tuesday after data showed Canada’s annual
inflation rate in March jumped to its highest level since
September 2008, ratcheting up pressure on the Bank of Canada to
resume raising interest rates soon.

On a year over year basis, the inflation rate in March shot
up to 3.3 percent from 2.2 percent in February, well above
market expectations, and above the Bank of Canada’s target
range. The core rate remained tame, but was still higher than
market forecasts. [ID:nN19160402]

Apr 6, 2011

Canadian business surveys show rising confidence

TORONTO, April 6 (Reuters) – A pair of business sentiment
surveys for March showed growing confidence in the Canadian
economy on Wednesday, as purchasing activity soared and small
business optimism held steady.

Purchasing activity rose to 73.2 last month from 70.8 in
February, according to the Ivey Purchasing Managers Index, a
joint project of the Purchasing Management Association of
Canada and the Richard Ivey School of Business.

Mar 22, 2011

Canada retail sales, leading index show mixed growth

TORONTO, March 22 (Reuters) – Unexpectedly soft Canadian
retail sales in January, and a rise in the leading indicator
for February added to a recent spate of mixed economic data
that reduces the need for the Bank of Canada to raise interest
rates soon.

Retail sales dropped by 0.3 percent in January from
December, pushed down by lower sales at new car dealers,
Statistics Canada data indicated on Tuesday. For more details,
please see [ID:nN22154488]

Mar 15, 2011

Vancouver cushions Canada Feb home resales fall

TORONTO, March 15 (Reuters) – Canadian home resales dropped
in February but a show of strength in the Vancouver market
cushioned the fall, data from the Canadian Real Estate
Association (CREA) showed on Tuesday.

Overall, 38,699 homes changed hands in February, down 1.6
percent from January, while the national average price jumped
8.8 percent year-over-year to C$365,192 ($368,881).

Mar 15, 2011

Omega ATS to offer U.S. securities priced in C$

TORONTO, March 15 (Reuters) – Canadian alternative stock
trading system Omega ATS said on Tuesday it will trade U.S.
securities priced in Canadian dollars on its electronic
platform.

Omega, which is among the smallest of Canada’s alternative
trading systems, said it will eliminate foreign exchange
premiums, which can be as high as 3 percent, when it launches
the new program on April 1.