Transportation, Retail and Markets Correspondent, Canada
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Oct 25, 2012

TSX halts 4-day skid, gold miners soar on results

TORONTO, Oct 25 (Reuters) – Canada’s main stock index
finished sharply higher on Thursday as strong results from
miners Goldcorp Inc and Agnico Eagle Mines Ltd,
as well as encouraging global economic data, helped lift stocks
across most sectors.

Goldcorp, Canada’s second-biggest gold miner, posted a 48
percent rise in quarterly profit, sending its shares surging
6.89 percent to C$43.60. It was the most heavily weighted riser
on the index.

Oct 18, 2012

TSX ekes out tiny gain, but gold miners drag

TORONTO, Oct 18 (Reuters) – Canada’s main stock index
squeezed out a marginal gain on Thursday as Encana Corp
led energy companies higher following a takeover in the sector,
but positive moves were tempered by lackluster gold miners,
pressured by falling bullion prices.

The Toronto Stock Exchange’s S&P/TSX composite index
languished little changed for most of the session, and
finished up 4.87 points, or 0.04 percent, at 12,466.12. This was
the index’s fourth straight positive finish and its highest
close since Sept 14.

Oct 18, 2012

TSX steady as Encana rise offset by gold, Potash

TORONTO, Oct 18 (Reuters) – Canada’s main stock index was
little changed on Thursday as a gain in Encana Corp,
following a takeover in the energy sector, was offset by
weakness in gold miners and Potash Corp after the
fertilizer producer issued a weaker outlook.

Oil and gas producer Encana was the biggest gainer on the
index, climbing 4.35 percent to C$23.77.

Sep 18, 2012

Analysis – Canadian dollar rally seen stymied by struggling growth

TORONTO (Reuters) – Canada’s dollar looks primed for a retreat in the coming days and weeks after powering to a 13-month high, with exhilaration over an aggressive U.S. Federal Reserve likely to give way to worries about slowing growth and risk of shocks from abroad.

Analysts said the country’s record trade deficit, falling manufacturing sales and cooling housing market are harbingers of a softening economy that could quickly curb the enthusiasm of global investors who have flocked to the currency.

Sep 11, 2012

Manpower sees more modest Canadian employment outlook

TORONTO, Sept 11 (Reuters) – The hiring plans of Canadian
companies in the fourth quarter are more modest than they were
in the previous quarter and a year earlier, according to a
survey released on Tuesday by ManpowerGroup Inc.

The nationwide survey measures the difference between
employers that say they will add jobs and those planning cuts.

Sep 7, 2012

Canada’s Ivey PMI index stronger than expected in Aug.

* PMI at 62.5 in August

* Exceeds market expectations of 58.3

* Index was at 62.8 in July

By Solarina Ho

TORONTO, Sept 7(Reuters) – The pace of purchasing activity
in Canada slowed moderately in August, according to Ivey
Purchasing Managers Index data released on Friday, but the
numbers still came in stronger than analysts had expected.

The data showed the seasonally adjusted index dipping to
62.5 in August from 62.8 in July. Analysts polled by Reuters had
forecast a reading of 58.3.

Jul 22, 2011

Dealtalk: Maple-TMX talks could lower regulatory hurdles

TORONTO (Reuters) – Talks between Toronto Stock Exchange operator TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) and a consortium of Canadian financial heavyweights could result in the former adversaries reaching a friendly deal that would help overcome key competition hurdles.

The TMX board said on Thursday it authorized official discussions with Maple Group Acquisition Corp, nearly a month after the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) abandoned a friendly takeover offer that failed to generate enough shareholder support.

Jul 22, 2011

Maple-TMX talks could lower regulatory hurdles

TORONTO, July 22 (Reuters) – Talks between Toronto Stock
Exchange operator TMX Group (X.TO: Quote, Profile, Research, Stock Buzz) and a consortium of Canadian
financial heavyweights could result in the former adversaries
reaching a friendly deal that would help overcome key
competition hurdles.

The TMX board said on Thursday it authorized official
discussions with Maple Group Acquisition Corp, nearly a month
after the London Stock Exchange (LSE.L: Quote, Profile, Research, Stock Buzz) abandoned a friendly
takeover offer that failed to generate enough shareholder
support. [ID:nN1E76K29L]

Jul 20, 2011

C$ holds near 2-1/2 month high on BoC comments

TORONTO, July 20 (Reuters) – The Canadian dollar held near
2-1/2 month highs against the U.S. dollar on Wednesday after
the Bank of Canada sounded more hawkish than expected at its
policy meeting on Tuesday, prompting some investors to price in
rate hikes sooner rather than later.

The currency added to its gains after the central bank
released its Monetary Policy Report on Wednesday morning. It
eased modestly following Governor Mark Carney’s press
conference, when the bank signaled it was in no rush to
normalize rates. [ID:nN1E76J0N0]

Jul 14, 2011

TMX’s hostile bidder would prefer its consent

TORONTO (Reuters) – A Canadian consortium would rather woo TMX Group then press forward with its hostile takeover bid, but it says it will do whatever it takes should talks with the Toronto Stock Exchange operator break down.

Maple Group Acquisition Corp says it would like to strike a friendly deal with TMX and believes its C$3.8 billion ($3.96 billion) offer in cash and stock is compelling.

    • 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 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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