Transportation, Retail and Markets Correspondent, Canada
Solarina's Feed
Jul 20, 2015

TSX slumps more than 1 percent in gold, oil rout

TORONTO, July 20 (Reuters) – Canada’s main stock index
closed sharply lower on Monday, in a broad-based rout led by a
massive plunge in gold mining and energy shares, hurt by a sharp
retreat in commodity prices.

Gold plunged more than 4 percent to five-year lows as
sellers in New York and China, a top consumer, dumped the
precious metal. With the greenback strengthening ahead of an
expected interest rate hike by the Federal Reserve this year,
investors have been moving away from holding safe-haven gold.

Jul 20, 2015

TSX slides as gold miners slammed by tumbling bullion price

TORONTO, July 20 (Reuters) – Canada’s main stock index fell
on Monday as tumbling gold miners, hurt by a slump in bullion
prices to five-year-lows, led the retreat.

Gold prices plunged some 4 percent, falling below
$1,100 an ounce at one point, as sellers in China, a top
consumer, dumped the precious metal. With the greenback
strengthening ahead of an expected U.S. interest rate hike by
the Federal Reserve this year, investors have been moving away
from holding safe-haven gold.

Jul 17, 2015

TSX drops on profit-taking, lower oil prices

TORONTO, July 17 (Reuters) – Canada’s main stock index fell
on Friday as crude prices dropped and investors took profits
following five straight days of gains.

The benchmark TSX index had climbed more than 3 percent over
the previous five sessions, with heavily weighted financial
shares accounting for much of the gain.

Jul 17, 2015

Mocked no more badminton finds Pan Am home in Toronto

TORONTO (Reuters) – Badminton may be seen as an oft-mocked pastime to many North Americans, but at this year’s Pan American Games in Toronto, where there are an estimated 20,000 badminton-playing enthusiasts, the sport is right at home.

    Tickets for the medal games sold out at the start of the year, surprising even those close to the sport, while the preliminary rounds this week drew large, diverse and exuberant crowds.

Jul 17, 2015

Games-Mocked no more badminton finds Pan Am home in Toronto

TORONTO, July 16 (Reuters) – Badminton may be seen as an oft-mocked pastime to many North Americans, but at this year’s Pan American Games in Toronto, where there are an estimated 20,000 badminton-playing enthusiasts, the sport is right at home.

Tickets for the medal games sold out at the start of the year, surprising even those close to the sport, while the preliminary rounds this week drew large, diverse and exuberant crowds.

Jul 16, 2015

Bad news for Canada’s currency is good news for many

TORONTO/OTTAWA, July 16 (Reuters) – Canadians’ overseas
spending power has taken a hit, but the plunge in the Canadian
dollar after the central bank cut interest rates on Wednesday to
try to revive a sputtering economy is being cheered by a wide
array of businesses.

The tourism sector, along with export-oriented manufacturers
and resource companies were among those applauding the Canadian
dollar’s six-year low on Thursday after the Bank of Canada’s
25-basis-point rate cut to 0.5 percent, which was triggered
largely by last year’s collapse in the price of oil, a major
Canadian export.

Jul 14, 2015

TSX steady as oil shares firm after Iran deal

TORONTO, July 14 (Reuters) – Canada’s main stock index was
little changed on Tuesday as oil and gas stocks unexpectedly
gained despite a long-awaited nuclear deal between six world
powers and Iran that will put more Iranian oil on an already
oversupplied market.

Market expectations that the landmark agreement will not add
much oil to the market until well into next year resulted in
crude prices sharply paring back early losses spurred by the
deal.

Jul 13, 2015

TSX rallies broadly as Greece boosts sentiment

TORONTO, July 13 (Reuters) – Canada’s main stock index
rallied on Monday, tracking global markets relieved that
all-night talks between Greece and euro zone leaders resulted in
a deal that would keep Athens afloat and part of the euro
community.

While Greece has little direct bearing on Canadian equities,
markets were nonetheless nervous and fixated on the potential
broader fallout should talks fail.

Jul 10, 2015

TSX bounces higher as Greece, China hopes calm markets

TORONTO, July 10 (Reuters) – Canada’s main stock index rose
on Friday on market optimism that the recent turmoil over the
Greek debt crisis and China’s stock market dive has calmed down.

Investors were hopeful that last-minute concessions by
debt-laden Greece could result in a deal with its global
creditors. In China, stocks, which had been plunging on panic
selling, found some stable ground after support measures from
Beijing appeared to be working.

Jul 9, 2015

TSX bounces higher on China moves; Pacific Rubiales plunges

TORONTO, July 9 (Reuters) – Canada’s main stock index
regained some ground on Thursday after Wednesday’s bruising
retreat, but it was off session highs as energy and mining
stocks gave up early gains, undermining stronger financial
stocks.

A sharp drop in oil prices and risk aversion sparked by an
equities selloff in China had sent the TSX down nearly 1.5
percent on Wednesday, but moves by Beijing to stem the country’s
stocks rout helped calm markets on Thursday.

    • 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
    • More from Solarina

    • Follow Solarina