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Reuters Canada Business Summary
Tuesday, May 20, 2008
BCE stock rebounds from NY drop, questions linger
TORONTO (Reuters) - BCE Inc
Toronto stocks hit new high, then turn tail
TORONTO (Reuters) - Toronto's main stock market index
briefly rose beyond the 15,000-point mark for the first time on
Tuesday, but then fell into negative territory as worries over
the future of the buyout of BCE Inc
Wholesale trade rebounds in March
OTTAWA (Reuters) - Wholesale trade grew 0.6 percent in March, slightly better than expected, following
Bombardier wins $1.2-billion order from Swiss Vistajet
GENEVA (Reuters) - Canada's Bombardier Aerospace, the
world's third-largest civil aircraft maker, said on Tuesday it
had won a $1.2 billion order from Switzerland's VistaJet for
business aircraft. The order, which was announced at an air
show in Geneva, is for 35 firm orders with options for an
additional 25 aircraft, Bombardier
Canada dollar up on strong data and lofty oil prices
TORONTO (Reuters) - The Canadian dollar was higher against a generally weaker U.S. dollar on Tuesday while lofty oil prices and a stronger-than-expected piece of domestic data also helped beef up the currency's gain. Domestic bond prices were all higher after data released overnight heightened economic growth concerns.
Foreigners buy more Canadian securities in March
OTTAWA (Reuters) - Foreign investors bought C$5.30 billion ($5.35 billion) worth of Canadian securities in March as they added a net C$5.9 billion of equities to their portfolios, the largest amount since May 2006, Statistics Canada said on Tuesday. Canadians divested C$3.3 billion worth of foreign securities in the same month.
UBS sees 1 percent drop in banks' Q2 earnings
(Reuters) - UBS said it expects Canadian banks' earnings to decline by 1 percent in the second quarter and 4 percent in the third quarter, citing lower capital market revenue, higher provisions and slower growth in wealth. UBS, which remained "overweight" on the Canadian banking sector, said capital markets was the key issue in the short term. In the long term, the brokerage said it was concerned about the impact of the U.S. recession on growth and provisions, de-leveraging and returns.
Microsoft proposes to buy Yahoo search: source
BOSTON (Reuters) - Microsoft Corp
Thomson Reuters to cut 140 journalist jobs
NEW YORK (Reuters) - Global information company Thomson
Mattel settles suit with Bratz inventor
LOS ANGELES (Reuters) - Mattel Inc
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