National Newswatch

Danier Leather enters insolvency as it seeks a buyer

Feb 4 2016 — Peter Henderson — TORONTO — Danier Leather Inc. said it has entered insolvency proceedings in order to protect itself from creditor lawsuits as it seeks a buyer. The well-known retailer of leatherwear and accessories said the move was necessary because of ongoing financial problems, including more than $27 million in financial losses over the last two years despite its best efforts […]

Canadian commercials could be approaching Super Bowl end zone this weekend

Feb 4 2016 — Peter Henderson — TORONTO — A baby expounding on the benefits of online stock trading. A pint-sized Darth Vader using the Force to power his father's sedan. Burt Reynolds being kicked in the groin by a bear. Americans watching the Super Bowl are fed big-budget, celebrity-heavy commercials that have become almost as big a draw as the game itself, […]

TSX, loonie soar as oil prices rebound; U.S. indexes mixed

Feb 3 2016 — Peter Henderson — TORONTO — The Canadian dollar soared to its biggest one-day gain in nearly four years  Wednesday as volatile oil prices turned sharply higher and the Toronto stock market posted a triple-digit gain. The loonie ended the day up 1.32 U.S. cents at 72.61 cents US. The increase was the most for the currency since rising 1.4 cents against the greenback […]

TSX, New York markets lose on lower oil, negative manufacturing outlooks

Feb 1 2016 — Peter Henderson — TORONTO — February began on a sour note for North American stock markets amid a sharp drop in oil prices and disappointing reports on manufacturing at home and abroad. The Toronto Stock Exchange's S&P/TSX composite index fell 147.76 points to end the day at 12,674.37, reversing direction on a big rally that closed out trading last week. New […]

TSX gains strength on oil’s rise; loonie falls and New York down as Fed holds steady

Jan 27 2016 — Peter Henderson — TORONTO — The Toronto stock market gained ground in volatile trading Wednesday as oil prices rose and the U.S. central bank said it would leave its overnight interest rate unchanged. The S&P/TSX composite index added 46.45 points to end the day at 12,377.77, after rising 188 points on Tuesday. The TSX is still down nearly 1,000 points from Dec. […]

Rogers defends higher cellphone rates; misses forecasts despite bigger profits

Jan 27 2016 — Peter Henderson — TORONTO — Rogers CEO Guy Laurence on Wednesday defended the communications giant's decision to raise cellphone rates despite higher revenue and profits, saying it was necessary to cover the high cost of building and maintaining mobile networks. Laurence said that fourth-quarter competition in the wireless sector was the most intense in Canadian history as it competed hard against […]

Webcam search engine raises privacy concerns for connected devices

Jan 27 2016 — Peter Henderson — TORONTO — A young child asleep on a couch in Israel. Mourners huddled together at a small funeral in Brazil. An elderly woman stretching in a fitness centre in Poland. All available for anyone to watch via the unsecured webcams overhead. This isn't "1984," it's the world in 2016. Shodan, a search engine that indexes computers and devices rather […]

North American markets post big gains on higher oil; loonie up nearly a cent

Jan 26 2016 — Peter Henderson — TORONTO — The Toronto stock exchange reversed course from the previous day's big loss to post a triple-digit gain Tuesday as zig-zagging oil prices rose sharply. The S&P/TSX composite index closed up 188.16 points at 12,331.32, following a 246-point decline on Monday. The heavily weighted energy subsector rose by more than four per cent as the March contract for North American benchmark crude oil rose $1.11 […]

Rally on North American equity markets fizzles out as oil prices turn lower

Jan 25 2016 — Peter Henderson — TORONTO — The Toronto stock market posted a triple-digit loss Monday, unable to sustain last week's late rally as oil prices again faltered in the face of a global supply glut. The Toronto Stock Exchange's S&P/TSX index ended the day down 246.42 points at 12,143.16, after Canada's main market added almost 550 points on the final two days of trading […]

TSX posts triple-digit loss and loonie rises as oil weighs on global markets

Jan 20 2016 — Peter Henderson — TORONTO — The Toronto stock market posted a triple-digit loss Wednesday on another wild day on global markets as the price of oil fell yet again. The Toronto Stock Exchange's S&P/TSX composite index ended the day down 159.13 points at 11,843.11, its lowest close since June 24, 2013, when it finished at 11,836.86. It was the latest in a rarely […]

Plunging loonie could be boon for startups seeking venture capital

Jan 20 2016 — Peter Henderson — TORONTO — Industry watchers say the tumbling loonie is a blessing in disguise when it comes to Canadian startups and the innovation economy as U.S. venture capitalists look to make their investments go further. As the resource boom that helped fuel Canadian growth over the past decade continues to go bust, Canada's commodity-sensitive currency has lost nearly 40 per […]

TSX positive despite oil price drop; New York markets mixed after U.S. holiday

Jan 19 2016 — Peter Henderson — TORONTO — The Toronto stock market ended the day in the black for just the third time since the Christmas break on Tuesday despite another fall in the price of oil that dragged down energy stocks. The Toronto Stock Exchange's S&P/TSX composite index ended the session up 60.07 points at 12,002.24, recouping less than half of its 131-point decline on […]

TSX begins another week on down note, oil and loonie also lose ground

Jan 18 2016 — Peter Henderson — TORONTO — The Toronto Stock Exchange failed to break out of its post-Christmas slump Monday, posting a triple-digit loss that brought the index down to levels last seen two and a half years ago. The S&P/TSX composite index ended the day down 131.29 points at 11,942.17, continuing a three-week slide that has stripped it of almost 1,400 points or more than 10 per cent of its value. […]

Netflix cracks down on proxy services used by customers to access foreign content

Jan 14 2016 — Peter Henderson — TORONTO — Netflix says it's planning on cracking down on users who use virtual private networks and proxy services to view content not available in their countries. Many of the company's distribution deals with major studios and content providers are negotiated on a regional basis, meaning certain titles are only available to users in certain countries. […]