TORONTO, March 31 (Reuters) – Canada’s main stock index
dropped on Tuesday on a decline in miner Teck Resources Ltd
and other resource stocks, but the fall was cushioned
by modest gains in industrials and heavily weighted financials.
Vancouver-based Teck was the most influential decliner,
retreating 8.6 percent to C$17.78. The stock had surged on
Monday after Bloomberg News reported that Teck and Chile’s
Antofagasta Plc were in early-stage merger discussions.
The two companies subsequently denied the report.
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.
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
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.
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.
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.
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.
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.
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
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.
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.