Markets, exchanges and trading correspondent, Canada
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Nov 8, 2010

Amazon.ca turns up heat on Canada sports retailers

TORONTO, Nov 8 (Reuters) – Amazon.com’s (AMZN.O: Quote, Profile, Research, Stock Buzz) Canadian
site has added skates, snowboards and outdoor gear to its
traditional line up of books, music and DVDs, posing a small
but perhaps growing threat to retailers like Canadian Tire
(CTC.TO: Quote, Profile, Research, Stock Buzz) and Forzani Group (FGL.TO: Quote, Profile, Research, Stock Buzz).

Analysts say the Canadian market is small for the online
retailing giant — only about 5 percent of revenue compared to
50 percent from the U.S. division.

Nov 3, 2010

QLT swings to loss, cuts Visudyne sales outlook

TORONTO, Nov 3 (Reuters) – Canadian pharmaceutical company
QLT Inc (QLT.TO: Quote, Profile, Research, Stock Buzz) posted a quarterly loss and cut its full-year
sales outlook, hurt by weaker performance of its key eye
treatment, Visudyne.

Sales of Visudyne, the No. 3 treatment for age-related
macular degeneration, have dropped steadily in the face of
increased competition, but QLT indicated during a conference
call the decline appeared to be slowing.

Nov 3, 2010

Casey’s ends takeover talks with 7-Eleven

TORONTO (Reuters) – Casey’s General Stores Inc (CASY.O: Quote, Profile, Research, Stock Buzz) rejected a $43-a-share offer by 7-Eleven and ended talks with the convenience store operator owned by Japan’s Seven & I Holdings (3382.T: Quote, Profile, Research, Stock Buzz), two months after a second rejected suitor walked away.

Shares of Casey’s dropped nearly 8 percent on the Toronto Stock Exchange before recovering slightly, but were still down nearly 5 percent by midafternoon.

Nov 2, 2010

Lululemon seen growing in lucrative niche market

TORONTO, Nov 2 (Reuters) – Lululemon Athletica (LLL.TO: Quote, Profile, Research, Stock Buzz)
(LULU.O: Quote, Profile, Research, Stock Buzz), one of a rare breed of Canadian retailers that has
successfully expanded into the United States, may have more
room to grow in the $15 billion women’s fitness apparel
market.

Affluent women willing to fork over $100 for yoga pants or
$60 for a tank-top have helped the high-flying Canadian company
wallop quarterly earnings expectations and drive same-store
sales up 31 percent. That’s nearly unparalleled in a soft
retail environment where many chains are closing stores, not
opening new ones.

Oct 1, 2010

book provider Kobo bets on BlackBerry Playbook

TORONTO, Oct 1 (Reuters) – Canadian e-reading service
provider Kobo Inc hopes to find success riding on the back of
the BlackBerry PlayBook and other tablet computers even as it
continues to expand its own line up of e-readers.

Kobo, a nine-month-old spinoff of Canadian book retailer
Indigo Books & Music (IDG.TO: Quote, Profile, Research, Stock Buzz), is looking to leap ahead in the
e-book market by trying to become the standard e-reading source
on tablets and smartphones.

Sep 30, 2010

Couche-Tard abandons $2 bln Casey’s bid

TORONTO, Sept 30 (Reuters) – Canada’s Alimentation
Couche-Tard (ATDb.TO: Quote, Profile, Research, Stock Buzz) abandoned its $2 billion hostile takeover
bid for Casey’s General Stores (CASY.O: Quote, Profile, Research, Stock Buzz) on Thursday, nearly
half a year after it made its initial offer for the U.S.
convenience store chain.

Couche-Tard, Canada’s largest convenience store operator,
has looked to expand in the United States and add Casey’s
1,500-plus U.S. Midwest stores to its network of 5,800 North
American outlets.

Sep 27, 2010

MDS Nordion says Russia deal to supply key isotope

TORONTO, Sept 27 (Reuters) – A deal with Russia’s Rosatom
is expected to provide MDS Nordion (MDS.TO: Quote, Profile, Research, Stock Buzz) with a key medical
isotope for at least the next 10 years, but the move is not
intended as a permanent replacement for supplies from an aging
Canadian reactor, the company said on Monday.

MDS, one of the world’s largest providers of medical
isotopes — used in cancer testing and other procedures –
spoke with analysts on Monday after signing a framework
agreement last week with Rosatom State Corp, a state-owned
Russian producer.

Sep 24, 2010

U.S. regulators urged to review Valeant-Biovail deal

TORONTO (Reuters) – Two California legislators have asked U.S. authorities to re-examine a proposed $3.3 billion merger between U.S.-based Valeant Pharmaceuticals International and Canada’s Biovail Corp, days before shareholders are to vote on the deal.

In separate letters, assemblymen Kevin de Leon and Jared Huffman asked the Securities and Exchange Commission and the U.S. Department of Justice to look again at the deal which has already received regulatory approvals.

Sep 23, 2010

Casey’s under pressure to deliver after vote

TORONTO (Reuters) – After a resounding vote of confidence from its shareholders on Thursday, Casey’s General Stores must deliver on its strategy of rejecting a firm, $2 billion takeover bid in favor of a less certain embrace by the world’s No.1 convenience store chain.

Even though Casey’s (CASY.O: Quote, Profile, Research, Stock Buzz) investors rejected a slate of directors nominated by Alimentation Couche-Tard (ATDb.TO: Quote, Profile, Research, Stock Buzz), the Montreal-based company is unlikely to abandon its five-month effort to swallow Casey’s.

Sep 19, 2010
via Fan Fare

Mai tais? This isn’t an Eastwood film shoot

Photo

Some films are made on a $6 million budget, others with $60 million. It’s the difference between long hours on set and sipping mai tais on the patio. Just ask “The Bang Bang Club” director, Steven Silver.

“The Bang Bang Club,” was 10 years in the making, shot last year over the course of 30 days and produced on a budget of 5 million euros. It’s still waiting to be picked up by a U.S. distributor.

    • About Solarina

      "I am a Canadian markets reporter, covering the Canadian dollar, the TSX, and exchanges and trading. I occasionally moonlight in entertainment and lifestyle news. Previous beats included Canadian retail, food, biotech, and commercial real estate. I was formerly a homepage editor for Reuters.com, and an online news editor for Reuters.com, .co.uk and .ca. Life before Reuters included working in China and freelancing in California."
      Joined Reuters:
      2003
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