Transportation, Retail and Markets Correspondent, Canada
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Mar 27, 2015

TSX drops as energy, financial shares lead losses

TORONTO, March 27 (Reuters) – Canada’s main stock index
finished lower on Friday in a retreat led by financial stocks
and by energy companies, which were pulled down by a sharp fall
in crude prices.

The price of oil sank some 5 percent as the likelihood of an
Iran nuclear deal with the West, which could result in more
crude supply on the market, trumped concern over an air strike
in Yemen by Saudi Arabia and its allies that could endanger a
major oil supply route.

Mar 27, 2015

TSX slips as resource, bank stocks lead losses

TORONTO, March 27 (Reuters) – Canada’s main stock index was
lower on Friday, with the declines led by natural resource
shares, pulled lower by a retreat in commodity prices, and bank

Among the most influential movers on the index were oil
companies Enbridge Inc, which was down 1.3 percent at
C$60.26, and Transcanada Corp which was off 1.48
percent at C$53.75. The overall energy group was down 0.8

Mar 26, 2015

Lululemon reassures investors that its problems are temporary

March 26 (Reuters) – Canadian yogawear retailer Lululemon
Athletica forecast earnings and revenue below
expectations on Thursday, but its shares rose after executives
said the weak outlook was largely due to temporary West Coast
port delays and currency factors.

The stock was up 6.2 percent at $64.73 in morning trading,
with investors reassured that the outlook did not reflect
underlying obstacles to growth.

Mar 17, 2015

Lululemon customers say selection at core of sales turnaround

TORONTO (Reuters) – When retailer Lululemon Athletica (LULU.O: Quote, Profile, Research, Stock Buzz) pulled its “Define Jacket” off the shelves in 2013, customers were dismayed. When it embarrassingly recalled its signature yoga pants for being too sheer, they rushed for the exits.

Now the jacket is back, and so are customers, and that has helped boost Lululemon’s shares more than 70 percent from their low last June.

Mar 5, 2015

Kit and Ace steps up international growth with Lululemon founder backing

TORONTO (Reuters) – Kit and Ace, a Canadian apparel start-up backed by the billionaire founder of Lululemon, will open stores in London, Australia and Japan this year, ahead of schedule, prompted partly by choice real estate, one of its senior executives said.

The ramp-up in Kit and Ace’s growth plans comes as Lululemon Athletica Inc (LULU.O: Quote, Profile, Research) founder Chip Wilson, who announced last month he was quitting the yoga wear retailer’s board, shifts his attention to the casual wear company started by his wife and son.

Mar 5, 2015

TSX higher as banks and resource stocks lead; earnings lift

TORONTO, March 5 (Reuters) – Canada’s main stock exchange
rose broadly on Thursday, led by healthy gains among bank shares
and forecast-beating results from Canadian Natural Resources Ltd
, the country’s No. 2 oil and gas producer.

The TSX moved in tandem with global stocks, which were
supported by the European Central Bank’s latest effort to boost
the struggling eurozone economy.

Mar 4, 2015

Snowden says U.S. not offering fair trial if he returns

TORONTO (Reuters) – Edward Snowden, the fugitive former U.S. spy agency contractor who leaked details of mass U.S. surveillance programs, said on Wednesday he is not being offered a fair trial if he returns to the United States.

“I would love to go back and face a fair trial, but unfortunately … there is no fair trial available, on offer right now,” he said from Russia in a live question and answer discussion organized by Canadian Journalists for Free Expression, Toronto’s Ryerson University and the Canadian Broadcasting Corp.

Mar 3, 2015

TSX tracks weaker U.S. stocks, banks lead declines

TORONTO, March 3 (Reuters) – Canada’s main stock exchange
retreated on Tuesday in a broad decline led by the Bank of Nova
Scotia, which reported a lower-than-expected quarterly
profit, and a sell-off in shares of Valeant Pharmaceuticals
International Inc.

The index was also tracking moves in the United States,
where markets were taking a pause following the latest records
set by the Dow and the S&P, and Nasdaq
closing above 5,000 for the first time since March 2000.

Feb 25, 2015

Canada’s HBC to form real estate joint ventures, stock soars

TORONTO (Reuters) – Canadian retailer Hudson’s Bay Co (HBC.TO: Quote, Profile, Research, Stock Buzz) said on Wednesday it has agreed to form two real estate joint ventures that would cut its debt by about C$1.1 billion ($885.60 million) and pave the way for an initial public offering or alternate transaction.

The separate deals with two real estate investment trusts, or REITs, U.S.-based Simon Property Group Inc (SPG.N: Quote, Profile, Research, Stock Buzz) and Canada’s RioCan Real Estate Investment Trust (REI_u.TO: Quote, Profile, Research, Stock Buzz), sent HBC’s shares soaring more than 22 percent to C$27.15 on the Toronto Stock Exchange.

Feb 17, 2015

Harvey’s, Swiss Chalet owner eyes IPO, sees major growth ahead

TORONTO, Feb 17 (Reuters) – Privately-held Cara Operations
Ltd, the company behind Canadian restaurant staples Swiss Chalet
and burger chain Harvey’s, is looking to go public again as it
aims to capitalize on the recent string of blockbuster
restaurant IPOs.

Canada’s third-largest restaurant operator said there are
significant opportunities for growth over the next five to seven
years in its preliminary prospectus filed late last week, ahead
of the long weekend.

    • About Solarina

      "I am a Canadian transportation, retail and markets correspondent. I occasionally moonlight in entertainment and lifestyle news. I was formerly a homepage editor for, and an online news editor for, and .ca. Life before Reuters included working in China and freelancing in California."
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