Kayan's Feed
Mar 8, 2011

Canada housing starts up; condo strength to unwind

TORONTO, March 8 (Reuters) – Canadian housing starts rose a
better than expected 6.6 percent in February from January,
thanks to a jump in condominium construction, though analysts
warned the strength is unlikely to carry into coming months and
could be a mild drag on overall economic growth.

Housing starts climbed to a seasonally adjusted annualized
rate of 181,900 units in February from a revised 170,600 units
in January, Canada Mortgage and Housing Corp said on Tuesday.
January starts were revised up slightly from 170,400.

Mar 1, 2011

Canadian home prices to rise modestly – Scotiabank

TORONTO, March 1 (Reuters) – A modest rise in Canadian home
prices is likely this year as the market is tilting mildly in
favor of sellers, Bank of Nova Scotia said on Tuesday.

Market watchers should expect a 2 percent decline in sales
of existing homes in 2011, and a 2 percent uptick in prices,
Adrienne Warren, Scotiabank’s senior economist, said at a
bank-sponsored forum on the Canadian real estate market’s
outlook and trends.

Feb 24, 2011

TSX rises on bank results, oil prices

TORONTO, Feb 24 (Reuters) – Toronto’s main stock index
climbed on Thursday morning, pushing back above the 14,000-mark
on strong quarterly results from Canadian Imperial Bank of
Commerce and National Bank of Canada, while energy shares
followed another rise by oil prices.

Both CIBC (CM.TO: Quote, Profile, Research, Stock Buzz) and National Bank (NA.TO: Quote, Profile, Research, Stock Buzz) reported
quarterly results that topped estimates, and encouraged
anticipation of dividend increases later this year from
Canada’s biggest lenders. [ID:n][ID:n]

Feb 23, 2011

TSX up as golds, oils offset broad decline

TORONTO, Feb 23 (Reuters) – Toronto’s main stock index rose
on strength in its oil and gas sector on Wednesday morning as
oil prices made further gains and gold prices rose in reaction
to the revolt in Libya.

The rise was dominated by strengthening energy and
gold-mining issues, which helped lift the index from the near
one-week lows it hit late Tuesday.

Feb 22, 2011

TSX tumbles on concern over Libya turmoil

TORONTO, Feb 22 (Reuters) – Toronto’s main stock index
tumbled on Tuesday afternoon, as turmoil in Libya and elsewhere
in the Middle East shook investor confidence.

Decliners were broad-based, with shares from the materials
and financials groups showing some of the heaviest losses, down
2 percent and 1.43 percent, respectively. Energy issues were an
exception, as the Libyan unrest lifted crude prices.

Feb 22, 2011

TSX decline cushioned by soaring energy

TORONTO, Feb 22 (Reuters) -Toronto’s main stock index was
little changed on Tuesday morning as energy shares surged on a
big jump in oil prices, limiting heavy declines across most of
the rest of the market.

Fears that intensifying political tension in Libya, the
third largest oil producer in Africa, could disrupt global
economic growth boosted oil prices more than 5 percent,
lighting a fire under the index’s oil and gas shares, which
rose 2 3 percent.

Feb 16, 2011

TSX extends 31-month high on banks, energy, RIM

TORONTO, Feb 16 (Reuters) – Toronto’s main stock index
marched to its highest level in 31 months on Wednesday on firm
energy issues, while financial stocks and Research In Motion
rallied on analysts’ upgrades.

The TSX index rose above the 14,000 mark for the first time
since July 7, 2008, aided by a 4.7 percent jump by RIM (RIM.TO: Quote, Profile, Research, Stock Buzz)
to C$67.61 after Citigroup raised its rating on the BlackBerry
maker by two notches.

Feb 16, 2011

TSX hits 31-month high as RIM, banks rally

TORONTO, Feb 16 (Reuters) – Toronto’s main stock index
marched to its highest level in 31 months on Wednesday on firm
energy and financial issues, as well as on a rally by Research
In Motion (RIM.TO: Quote, Profile, Research, Stock Buzz), after Citigroup raised its rating on the
BlackBerry maker by two notches.

The TSX index rose above the 14,000 mark for the first time
since July 7, 2008, aided by a 3 percent jump by RIM to
C$66.69.

Feb 15, 2011

Canada January home resales highest since April

TORONTO, Feb 15 (Reuters) – Sales of existing homes in
Canada climbed to the highest level since April 2010 in
January, led by strong markets in Vancouver and Toronto, the
Canadian Real Estate Association (CREA) said on Tuesday.

Sales, which were up 4.5 percent in January from December,
may have risen partly because of the federal government’s
announcement last month that it will tighten mortgage rules,
CREA said. The new rules start coming into effect on March 18.
[ID:nN17274705]

Feb 10, 2011

TSX undercut by profit misses, Encana soars

TORONTO, Feb 10 (Reuters) – Toronto’s main stock index was
lower on Thursday morning, pressured by earnings misses from
Canadian and international companies.

Disappointing earnings from global names Cisco and Credit
Suisse weighed on overall sentiment, although
stronger-than-expected weekly U.S. jobs figures helped to
temper the decline.