TORONTO, Aug 14 (Reuters) – Canada’s main stock index was
steady on Friday, as investors took a pause following a volatile
trading week in which energy and mining stocks were severely
The index reversed some of Friday’s advances, however, as
energy stocks retreated from earlier gains. U.S. crude prices,
already flirting with 6-1/2 year lows, gave back nearly all of
their session gains to trade just above $42 a barrel.
TORONTO, Aug 13 (Reuters) – Canada’s main stock index fell
for a third straight session on Thursday as weaker commodity
prices squeezed energy and mining shares but the drop was
cushioned by a Chinese central bank assurance that there was no
reason for the yuan to fall further.
This week’s devaluation of the Chinese currency had pulled
down commodity prices on concern that China would not be able to
import as much.
TORONTO, Aug 12 (Reuters) – Canada’s main stock index
dropped almost 1.5 percent on Wednesday, tracking markets around
the world hit by the latest move from China that allowed the
yuan to weaken further.
Crude oil prices were steady following
Tuesday’s rout but still flirted with multi-year lows while base
metals sank to six-year lows on worries that demand from
China, the world’s top metals buyer, would wane.
TORONTO, Aug 11 (Reuters) – Canada’s resource-laden main
stock index sank more than 1 percent on Tuesday, reversing the
previous session’s bounce, as oil and mining stocks were hit by
a rout in commodity prices following China’s unexpected move to
devalue its currency.
The People’s Bank of China devalued the yuan by nearly 2
percent overnight in China’s latest attempt to bolster its
economy following a string of poor economic data.
TORONTO, Aug 10 (Reuters) – Canada’s main stock index
rebounded on Monday from Friday’s losses, rising more than 1
percent as key sectors like financials, energy, and materials
saw robust gains.
“It’s a relief rally, truthfully,” said John Stephenson,
President & CEO at Stephenson & Company Capital Management.
TORONTO, July 31 (Reuters) – Canada’s main stock index was
headed for its fourth straight day of gains on Friday with the
heavily weighted financials and materials sectors leading the
way as investors sought value after a bleak couple of months for
The rise came despite losses in oil and gas stocks, which
were hurt by a drop in crude prices after output numbers showed
the OPEC producers were pumping near record levels into an
already oversupplied market.
TORONTO, July 30 (Reuters) – Canada’s main stock index was
higher in extremely choppy trading on Thursday as a solid
rebound in energy stocks due to bargain hunting and oil prices
bouncing off recent lows offset disappointing earnings.
Among the most influential movers on the index were Suncor
Energy Inc, which rose 5.57 percent to C$36.55, and
Canadian Natural Resources, which advanced 2.5 percent
to C$31.52. The hefty energy sector climbed 3.1 percent.
TORONTO, July 29 (Reuters) – Canada’s main stock index rose
on Wednesday, after briefly turning negative, as financial and
energy stocks helped guide the market higher and markets cheered
forecast-beating crude inventory data out of the United States.
The index, which has generally been in decline since highs
reached in April, built on Tuesday’s gains.
TORONTO (Reuters) – The Toronto International Film Festival will kick off its 40th year with the world premiere of Canadian director Jean-Marc Vallee’s “Demolition”, starring Jake Gyllenhaal and Naomi Watts, organizers said on Tuesday.
The festival, a frequent launch pad for Oscar contenders, announced some 50 of the hundreds of films it will showcase between Sept. 10 and 20.
TORONTO, July 27 (Reuters) – Canada’s main stock index fell
on Monday, in a broad rout that tracked global equities, which
fell on the heels of a more than 8 percent plunge in Chinese
The declines were led by the heavily weighted energy and
financial sectors, which were down 1.7 percent and 1.3 percent,