Kayan's Feed
Jan 10, 2011

Actors turned movie directors seek success in Toronto

TORONTO (Reuters) – They may already have a bunch of trophies at home, but a generation of actors turned directors are seeking success behind the camera at this year’s Toronto International Film Festival.

At least six actors, including Oscar winner Philip Seymour Hoffman, have showed off their directing skills here, hoping for the kind of acclaim enjoyed by the likes of Clint Eastwood, Woody Allen, and Robert Redford.

Jan 6, 2011

Canada’s economy seen losing some luster in 2011

TORONTO, Jan 6 (Reuters) – Canada’s economy, which
outperformed its Group of Seven peers through the financial
crisis, is seen losing some of its shine this year, with growth
slowing from 2010 and likely lagging the United States.

Top economists at the country’s biggest banks on Thursday
predicted modest growth of 2.2 to 3.2 percent in 2011, with a
firm Canadian dollar constraining exports and the Bank of
Canada expected to resume its rate hike campaign.

Dec 31, 2010

Canadian dollar hits 2 1/2 year high in last session of 2010

TORONTO (Reuters) – Canada’s dollar hit its highest in more than 30 months on Friday, boosted by rallying commodities, to close out the year above parity with the U.S. currency on scant New Year’s Eve trading volumes.

The Canadian dollar reached as high as C$0.9925 to the U.S. dollar, or $1.0076, a peak last touched in May 2008, after briefly poking through a technical support level.

Dec 15, 2010

Canada factories, housing on steady growth track

OTTAWA/TORONTO, Dec 15 (Reuters) – Canadian factory sales
grew faster than expected in October while the home resale
market appeared stable in November, setting the stage for
steady but tame economic growth in the final months of this
year.

Manufacturers’ sales rose 1.7 percent in October after
falling 0.5 percent in September, Statistics Canada said on
Wednesday. The result beat market forecasts for 1.1 percent
growth due to price-led strength in petroleum and coal products
as well as solid gains in primary metals and motor vehicles.

Dec 13, 2010

Canada warns on rising risk of debt

TORONTO, Dec 13 (Reuters) – Mounting personal debt levels
pose a significant threat to Canada’s economy and borrowers
must recognize that interest rates are only going to rise,
Canada’s top policy makers warned on Monday.

In an assault on the spendthrift habits of a generation,
Bank of Canada Governor Mark Carney, Prime Minister Stephen
Harper and Finance Minister Jim Flaherty all warned of the
risks that debtors will face once interest rates climb steeply
from their still historically low post-recession levels.

Dec 9, 2010

Canadian resale housing lands safely, prices up

TORONTO, Dec 9 (Reuters) – The Canadian residential housing
sector is landing safely after a wild ride over the past three
years, Toronto-Dominion Bank said in a report on Thursday.

Looking ahead, the economics unit of Canada’s No. 2 bank
said it expects improved home sales and a higher average price
next year, largely because housing affordability will likely be
extended as uncertainty lingers about the global economy.

Dec 1, 2010

TSX hits 3-week high on soaring oil, banks

TORONTO, Dec 1 (Reuters) – Toronto’s main stock index
advanced strongly on Wednesday morning as energy issues got a
lift from firm manufacturing data from China, while financials
were supported by a strong start to bank earnings season.

Top advancers were in the index’s banking and energy
groups. Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) rose 1.8 percent to
C$55.97, while Toronto-Dominion Bank (TD.TO: Quote, Profile, Research, Stock Buzz) gained 1.4 percent
to C$75.73. Canadian Natural Resources (CNQ.TO: Quote, Profile, Research, Stock Buzz) advanced 1.9
percent to C$40.25, while Suncor Energy (SU.TO: Quote, Profile, Research, Stock Buzz) was up 1.8
percent at C$35.

Nov 24, 2010

Canada home resale prices fall, but confidence up

TORONTO, Nov 24 (Reuters) – Canadian home resale prices
ended a 16-month run of increases in September but consumer
confidence perked up for a second straight month in November,
data showed on Wednesday, suggesting moderating conditions in
Canada’s economic recovery.

Home resale prices slid 1.1 percent in September from the
month before as all six metropolitan markets surveyed for the
Teranet-National Bank Composite House Price Index reported
declines for the first time since February of last year.
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Nov 18, 2010

Analysis: Canada a hot property for U.S. retail immigrants

TORONTO (Reuters) – A strong domestic economy and relatively modest retail rental rates have hiked demand for retail property in Canada, with U.S. companies lining up to try out a market that’s stronger than the faltering one at home.

New entrants include Victoria’s Secret, a unit of Limited Brands (LTD.N: Quote, Profile, Research, Stock Buzz), which brought its sexy lingerie and supermodels to the Toronto and Edmonton areas this year, opening stores to excited crowds.

Nov 4, 2010

Potash ruling slows C$ climb back to parity

TORONTO (Reuters) – Ottawa’s shock decision to block the biggest proposed takeover of the year — a $39 billion bid for fertilizer giant Potash Corp(POT.TO: Quote, Profile, Research)– will slow the Canadian dollar’s march back up to parity, but the loonie will still trend higher longer term.

It’s hard to measure exactly how much the decision to keep Potash Corp(POT.TO: Quote, Profile, Research) in Canadian hands will hold the Canadian dollar back, but it dropped nearly 1 percent in the minutes after Ottawa announced its decision late on Wednesday.