Stock Market News

A man walks past an old Toronto Stock Exchange sign in Toronto

TSX rally pushes on with aid of banks, miners

By Alastair Sharp TORONTO (Reuters) - Canada's main stock index notched 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. The index had slipped below 14,000 for the first time since mid-January last week, as investors fretted about slumping oil prices and slowing Chinese d…

  • Mortgage lender Home Capital cuts ties … CBC - Thu, 30 Jul, 2015

    Trading in shares of alternative mortgage lender Home Capital Group was halted on the TSX Wednesday after the company revealed it had cut ties with several dozen mortgage … More »Mortgage lender Home Capital cuts ties …

    Trading in shares of alternative mortgage lender Home Capital Group was halted on the TSX Wednesday after the company revealed it had cut ties with several dozen mortgage brokers for falsifying income details about borrowers. The lender launched an investigation after an anonymous tipster warned them that some of their …

  • A man walks past an old Toronto Stock Exchange sign in Toronto
    TSX jumps as investors cheer oil data; … Reuters - Wed, 29 Jul, 2015

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index jumped on Wednesday, helped by gains in banks, railways and oil companies as crude prices bounced from … More »TSX jumps as investors cheer oil data; …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index jumped on Wednesday, helped by gains in banks, railways and oil companies as crude prices bounced from near six-month lows and the Federal Reserve left the door open for a September interest rate hike. The U.S. central bank said the economy and job market …

  • Fed points to improved job market, but … CBC - Wed, 29 Jul, 2015

    The U.S. Federal Reserve is marking solid job gains and a pickup in household spending and the housing sector, but has left its benchmark interest rate unchanged after … More »Fed points to improved job market, but …

    The U.S. Federal Reserve is marking solid job gains and a pickup in household spending and the housing sector, but has left its benchmark interest rate unchanged after its latest meeting. Investors typically scrutinize Fed statements for changes of language that might indicate when it plans to raise interest rates. The …

  • Bombardier denies report of rail merger … CBC - Wed, 29 Jul, 2015

    Montreal-based transportation conglomerate Bombardier is denying a published report that the company is in discussions to merge its rail business with German firm Siemens. … More »Bombardier denies report of rail merger …

    Montreal-based transportation conglomerate Bombardier is denying a published report that the company is in discussions to merge its rail business with German firm Siemens. Citing unnamed "people familiar with the matter" the Wall Street Journal reported Wednesday that the two companies are in talks to combine their rail …

  • A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto
    TSX snaps seven-day skid on energy  … Reuters - Tue, 28 Jul, 2015

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index broke a seven-day slump on Tuesday as investors picked through earnings reports for glimmers of hope … More »TSX snaps seven-day skid on energy  …

    A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index broke a seven-day slump on Tuesday as investors picked through earnings reports for glimmers of hope and resource stocks bounced off recent lows. "I don't think funds are aggressively buying or selling here," said Ian Nakamoto, director of research at MacDougall, …

  • Husky Energy keeps head above water … CBC - Tue, 28 Jul, 2015

    Husky said it took a substantial hit because of an increase in Alberta's corporate tax rate. Husky's production edged higher in the quarter to 337,000 barrels of oil … More »Husky Energy keeps head above water …

    Husky said it took a substantial hit because of an increase in Alberta's corporate tax rate. Husky's production edged higher in the quarter to 337,000 barrels of oil equivalent per day compared with 334,000 boepd a year ago. In its outlook, Husky said it expects approximately 85,000 barrels per day of new production to …

  • TSX, Dow bounce back as Chinese market … CBC - Tue, 28 Jul, 2015

    North American stocks bounced back on Tuesday, after Shanghai shares slowed their slide and European stocks stabilized. The Chinese Securities Regulatory Commision announced … More »TSX, Dow bounce back as Chinese market …

    North American stocks bounced back on Tuesday, after Shanghai shares slowed their slide and European stocks stabilized. The Chinese Securities Regulatory Commision announced in a statement it will continue to "stabilize" the market, indicating that China's leadership is still willing to intervene to prevent a sharper correction …

  • A man walks past an old Toronto Stock Exchange sign in Toronto
    China worry hits Canada's TSX h … Reuters - Mon, 27 Jul, 2015

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell sharply on Monday, hitting its lowest level since January, in a broad retreat as heavyweight resource-based … More »China worry hits Canada's TSX h …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell sharply on Monday, hitting its lowest level since January, in a broad retreat as heavyweight resource-based companies dipped on lower commodity prices and the latest plunge in Chinese equities. The 1.3 percent drop was the seventh straight session of …

  • TSX, Dow head lower after Shanghai stock … CBC - Mon, 27 Jul, 2015

    North American stock markets were knocked back on Monday, with the TSX dipping below 14,000 for the first time since December, after China's main stock index lost eight … More »TSX, Dow head lower after Shanghai stock …

    North American stock markets were knocked back on Monday, with the TSX dipping below 14,000 for the first time since December, after China's main stock index lost eight per cent in its worst one-day performance since 2007. The Shanghai share index suffered a renewed sell-off despite government efforts to calm the market, …

  • A sign board displaying Toronto Stock Exchange stock information is seen in Toronto
    TSX drops on weak oil; golds reboun … Reuters - Fri, 24 Jul, 2015

    By Solarina Ho TORONTO (Reuters) - Canada's main stock index fell on Friday as weak oil prices dragged down shares of energy producers, offsetting a rebound by gold-mining … More »TSX drops on weak oil; golds reboun …

    A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

    By Solarina Ho TORONTO (Reuters) - Canada's main stock index fell on Friday as weak oil prices dragged down shares of energy producers, offsetting a rebound by gold-mining shares. The benchmark index declined for a sixth straight session and is down about 3 percent so far this year. Disappointing earnings contributed …

  • Valeant passes RBC to become most valuable … CBC - Fri, 24 Jul, 2015

    Quebec-based drugmaker Valeant has moved past the Royal Bank of Canada to become the most valuable company in Canada. The pharmaceutical company's shares surged on the … More »Valeant passes RBC to become most valuable …

    Quebec-based drugmaker Valeant has moved past the Royal Bank of Canada to become the most valuable company in Canada. The pharmaceutical company's shares surged on the TSX on Thursday after the Montreal-based company beat analyst expectations in its quarterly earnings, and hiked its outlook moving forward. The shares …

  • A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto
    TSX slides for fifth day, but earnings … Reuters - Thu, 23 Jul, 2015

    While positive quarterly results helped boost gains in some large-cap Canadian companies, weakness in copper, bullion and U.S. crude oil prices ensured the key natural … More »TSX slides for fifth day, but earnings …

    A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto

    While positive quarterly results helped boost gains in some large-cap Canadian companies, weakness in copper, bullion and U.S. crude oil prices ensured the key natural resource sectors would end the day in the red. The benchmark TSX index is down about 2.5 percent this year. “I just see panic in the Canadian market,” …

  • A sign board displaying Toronto Stock Exchange stock information is seen in Toronto
    TSX falls as commodities prices dra … Reuters - Wed, 22 Jul, 2015

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell on Wednesday, weighed down by falls in the shares of major banks, energy companies and miners as … More »TSX falls as commodities prices dra …

    A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell on Wednesday, weighed down by falls in the shares of major banks, energy companies and miners as weakness in commodity markets tainted investor sentiment. "There's no real catalyst for them to get a lift and that's why we expect this doldrums or this …

  • A man walks past an old Toronto Stock Exchange sign in Toronto
    TSX declines despite rebound in resource … Reuters - Tue, 21 Jul, 2015

    TORONTO (Reuters) - Canada's main stock index fell on Tuesday despite a bounce back in resource stocks after Monday's collapse, with heavy losses recorded among … More »TSX declines despite rebound in resource …

    A man walks past an old Toronto Stock Exchange sign in Toronto

    TORONTO (Reuters) - Canada's main stock index fell on Tuesday despite a bounce back in resource stocks after Monday's collapse, with heavy losses recorded among industrials and telecom stocks. A rebound in commodity prices helped drive up shares of energy and mining companies, following recent selloffs. Shares of …

  • A sign board displaying Toronto Stock Exchange stock information is seen in Toronto
    TSX slumps more than 1 percent in gold, … Reuters - Mon, 20 Jul, 2015

    By Solarina Ho TORONTO (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 … More »TSX slumps more than 1 percent in gold, …

    A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

    By Solarina Ho TORONTO (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. With the greenback strengthening ahead of an expected interest rate hike by the Federal Reserve this …

  • TSX rising streak snapped as resource … Reuters - Fri, 17 Jul, 2015
    A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index fell on Friday, snapping a five-session streak of gains as investors pulled back from mining and oil and gas companies and banks also dropped. With bullion prices hitting a five-year low, Canada's gold miners featured prominently in the loss column. Franco-Nevada …

  • A man walks past an old Toronto Stock Exchange sign in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index gained on Thursday, with banking stocks leading the way a day after the central bank cut interest rates, while gold miners fell as renewed anticipation of a U.S. Federal Reserve rate hike this year hit bullion prices. The Toronto Stock Exchange's S&P/TSX …