Transportation, Retail and Markets Correspondent, Canada
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Jun 15, 2015

HBC may face challenge replicating its successes in Europe

TORONTO (Reuters) – Hudson’s Bay Co’s (HBC.TO: Quote, Profile, Research, Stock Buzz) $3.2 billion acquisition of Germany’s Kaufhof opens a path to expansion in Europe, but the route will be treacherous as the department store operator tries to replicate its North American success on a continent where others have failed.

The deal, announced earlier on Monday, comes at a time when HBC already has its hands full revitalizing and expanding Saks Fifth Avenue stores, which it acquired in 2013, as well as investing heavily in an ecommerce build-out.

Jun 15, 2015

TSX rises, reversing earlier losses; Hudson’s Bay jumps

TORONTO, June 15 (Reuters) – Canada’s main stock index held
steady on Monday, paring earlier losses, as sectors like the
influential materials group, turned positive, offsetting a
retreat by other groups including energy.

Hudson’s Bay Co was among the biggest gainers,
surging 9.5 percent to C$26.28 after the Canadian department
store operator said it was buying German chain Kaufhof from
Metro for 2.8 billion euros ($3.2 billion).

Jun 11, 2015

TSX steady as commodities weigh on resources, offsetting gains

TORONTO, June 11 (Reuters) – Canada’s main stock index was
little changed in choppy trading on Thursday as energy and
mining stocks fell along with softer commodity prices,
offsetting gains from other sectors including industrials and
healthcare.

Oil, which is priced in U.S. dollars, fell on the stronger
greenback and after a World Bank report forecast the global
economy would expand below its 3 percent forecast in January.

Jun 10, 2015

Hudson’s Bay benefits from Target exit; costs pinch results

TORONTO, June 10 (Reuters) – Target Corp’s exit from
Canada has helped Hudson’s Bay Co pick up Canadian
market share, HBC executives said on Wednesday as the department
store operator reported higher quarterly sales but a bigger
loss.

HBC said sales at its upscale Saks Fifth Avenue stores in
the United States were hit in its first quarter, ended May 2, as
a strong U.S. dollar deterred foreign customers.

Jun 9, 2015

Lululemon shares jump after profit, revenue forecasts raised

By Solarina Ho

(Reuters) – Lululemon Athletica Inc (LULU.O: Quote, Profile, Research, Stock Buzz) shares jumped on Tuesday after the Canadian yogawear retailer raised its full-year outlook, further evidence it is regaining its footing following a high-profile 2013 recall of overly sheer yoga pants.

The company also reported a better-than-expected first-quarter profit despite poor weather, West Coast port delays, and the impact of weaker Canadian and Australian dollars.

Jun 8, 2015

TSX stumbles more than 1 percent as banks, energy lead losses

TORONTO, June 8 (Reuters) – Canada’s main stock index fell
for the third straight session, giving back more than 1 percent
on Monday, with across-the-board declines led by resource and
financial stocks.

With little domestic news to drive direction, investors
appeared to take their cues from global markets.

Jun 5, 2015

Robust job gains fuel Canadian dollar rebound

TORONTO, June 5 (Reuters) – The Canadian dollar
rebounded on Friday despite a greenback rally on U.S. employment
data, as jobs growth in Canada had its biggest jump in seven
months and crude prices saw a late-day surge.

Canadian employers added 58,900 jobs in May, far above the
10,000 jobs economists polled by Reuters had expected.

Jun 5, 2015

C$ loses steam as greenback rallies on U.S. jobs data

TORONTO, June 5 (Reuters) – The Canadian dollar
retreated against a rallying U.S. dollar on Friday as data
showing a stronger-than-expected U.S. labor market outweighed
surprisingly robust Canadian employment numbers.

Canadian employers added 58,900 jobs last month, far above
the 10,000 jobs economists polled by Reuters had expected, and
the biggest increase in seven months.

Jun 1, 2015

TSX turns negative as oil and bank shares drag

TORONTO, June 1 (Reuters) – Canada’s main stock index was
lower on Monday, getting June off to a sluggish start as
commodity prices drove up mining stocks but pulled down oil and
gas shares, while most of the financial sector retreated.

The biggest heavyweight gainer was Bank of Nova Scotia
, which rose 1.09 percent to C$66.11, but as a whole the
financial group, which accounts for roughly a third of the
index, retreated 0.4 percent, with Toronto-Dominion Bank
and other major banks falling. TD declined 1.0 percent to
C$53.62.

May 26, 2015

TSX retreats as greenback rally pressures commodity prices

TORONTO, May 26 (Reuters) – Canada’s main stock index
stumbled on Tuesday, with gold mining and energy stocks bruised
by slumping gold and crude prices following a U.S. data-driven
rally in the greenback.

After a lackluster first quarter, the U.S. economy was
showing signs of getting back on track following
better-than-expected durable goods orders. The more upbeat data
could help push the Federal Reserve closer to deciding when it
will resume hiking interest rates.

    • 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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