Market talk

  • Oil prices offset by insurance losses on TSX

    Brent crude edged higher today exceeding $59 a barrel giving a welcome boost to energy stocks however insurance firms Manulife and Sun Life posted weaker-than-expected quarterly earnings with the losses in that sector.

  • Bombardier CEO change, debt plans spook the market

    Investors sold-off shares in Bombardier after the Montreal-based firm announced that its CEO Pierre Beaudoin will step down from the role tomorrow (Friday) and become executive chairman with Alain Bellemare taking over as chief executive while long-term fixture Laurent Beaudoin will retire.

  • Cenovus cuts jobs following quarterly loss

    Oil producer Cenovus has reported a quarterly loss of $472 million for the last three months of 2014, amounting to 62 cents per share.

  • Oil capitals face housing correction says TD

    Calgary, Edmonton and St. John’s, Newfoundland are set to be hit by a housing correction over the next 12-18 months as the oil industry’s decline filters down to consumers.

  • Husky Energy cuts capital spending plans

    Husky Energy announced today that it is planning to cut its capital spending by up to $400 million in response to the downturn in oil prices.

  • Toronto attracts more visitors

    Tourists flocked to Toronto in record numbers last year according to data from Toronto Tourism.

  • Daily Market Update

    World markets higher despite lack of Greece deal... US foreclosures increase... Brent holds steady despite higher US stocks...

  • TSX steady on oil prices, Greek talks

    The Toronto Stock Exchange has had a largely unremarkable day of trading with the price of Brent crude holding around $55 and investors avoid risks on anticipation of the results of talks between Greece and Eurozone finance ministers.

  • Walmart Canada invests $340 million in expansion plan

    Walmart has today given a boost to the retail sector by announcing an expansion plan with 29 new Canadian stores over the next 12 months.

  • Air Canada profits hit record high

    The falling value of the Canadian dollar has cost Air Canada $100 million in the last quarter of its financial year but the airline has still posted record annual profits of $531 million, a rise from $340 million in the previous year.