TORONTO, June 24 (Reuters) – Canada’s main stock index rose
for the third straight session on Wednesday, hitting a 2-1/2
week high as energy stocks lead broad gains across the board,
bucking broader market trends.
Suncor Energy Inc was by far the top-weighted stock
on the positive side, rising 2.67 percent to C$35.71. Canadian
Natural Resources was close behind, advancing 1.5
percent to C$36.47.
TORONTO, June 23 (Reuters) – Canada’s main stock index
extended gains on Tuesday, tracking rises in stock markets
around the world spurred by optimism that a deal can be reached
to stave off a Greek debt default.
Technical drivers, including trading in the aftermath of
Friday’s “quadruple witching”, in which a number of stock
options contracts expired, also helped the TSX.
TORONTO, June 19 (Reuters) – Canada’s main stock index fell
on Friday with the market disappointed by Canadian retail sales
data and gripped by concern over the Greece debt crisis.
After two months of gains, retail sales slipped 0.1 percent
in April from March as consumers spent less at food and
electronic stores. Economists had expected a 0.7 percent rise.
TORONTO, June 18 (Reuters) – Canada’s main stock index
advanced marginally on Thursday, with gains limited by declines
in energy and financial shares, as the lift in market sentiment
provided by a more dovish U.S. Federal Reserve tone was undercut
by concern over the Greek debt crisis.
Investors who were worried about an impending Fed interest
rate hike took comfort in the view the Fed expressed in its
statement on Wednesday that slower economic growth would slow
the pace of rate hikes.
TORONTO, June 17 (Reuters) – Canada’s main stock index
gyrated between positive and negative territory late morning on
Wednesday, as many key sectors reversed or pared earlier gains
ahead of the Federal Reserve’s latest monetary policy statement.
Market participants were awaiting the Fed statement and
press conference starting at 2:00 p.m. ET (1800 GMT), for clues
on the central bank’s view of the U.S. economy and when it would
be ready to hike interest rates. Many are expecting a move
sometime this year.
TORONTO, June 16 (Reuters) – Canada’s main stock index fell
on Tuesday on persistent Greek debt worries and as investors
awaited the Federal Reserve’s looming interest rate decision.
The TSX, which has been grinding slowly lower since April,
saw most sectors mired in the red, with consumer discretionary
stocks the lone gainer.
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.
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).
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
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.
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
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.