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☆ Corporate entertaining has come roaring back
▼ + stars: | 2022-11-08 | by ( Alexandra Peers Cnn Business | ) edition.cnn.com time to read: +6 min

Boosted by a Covid-era tax break-window that closes at the end of the year — and under pressure to cement ties and reassure clients — companies are now spending big on wining and dining current and potential customers. The company, which has operations globally, needed something that would make clients “want to get on a plane from Singapore, from Japan” to attend. “It’s just like when kids go back to school and don’t want to, but then they get excited,” he said. And in the restaurant, guests typically opt for the $298 chef’s tasting menu — $468 with wine pairings. The deduction, which was meant to help support restaurants during the pandemic, only applies to restaurant meals, and only if a member of the client company is present.

☆ TSX opens lower as Fed caution kicks in
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: 1 min

Oct 31 (Reuters) - Canada's main stock index slipped at the open on Monday, dragged down by utilities and communication services stocks, while investors were cautious ahead of the U.S. Federal Reserve's policy decision later this week. At 08:40 a.m. ET (1340 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 10.97 points, or 0.06%, at 19,460.22. Reporting by Shashwat Chauhan in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ TSX hits fresh one-month high as Shopify shines, energy stocks rise
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

Oct 27 (Reuters) - Canada's main stock index on Thursday hit a fresh one-month high as e-commerce firm Shopify surged after strong results, while higher crude lifted energy stocks. read moreThe broader technology index (.SPTTTK) rose 4.6% to lead sectoral gains. Energy stocks (.SPTTEN) gained 1% as oil prices rose on optimism over record U.S. crude exports and waning recession fears. read moreGlobal stocks rose on Wednesday after the Bank of Canada announced a smaller-than-expected rate hike and said it was getting closer to the end of its historic tightening campaign. Reporting by Shashwat Chauhan in Bengaluru; Editing by Shailesh Kuber and Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Bank of Canada downshift helps lift TSX to three-week high
▼ + stars: | 2022-10-26 | by ( Fergal Smith | ) www.reuters.com time to read: +1 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 182.75 points, or nearly 1%, at 19,279.76, its highest closing level since Oct. 4. The Toronto market's energy group rose 1.8% as U.S. crude oil futures settled 3% higher at $87.91 a barrel. The materials group, which includes precious and base metals miners and fertilizer companies, added 1.8%, while industrials ended 1.3% higher. Shares of Rogers Communications Inc jumped 5.8%, while Shaw Communications Inc (SJRb.TO) shares were up 7.2% as investors bet that Canada is likely to approve Rogers Communications' bid for Shaw. Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

☆ Toronto markets rally as BoC surprises with smaller 50 bps hike
▼ + stars: | 2022-10-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Canada's main stock index rallied on Wednesday as a smaller-than-expected increase in interest rate by the Bank of Canada raised hopes that the central bank could be reining in on one of its faster monetary tightening cycles ever. ET (1459 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) jumped 1.32% to 19,348.72, its highest level in more than three weeks. The Bank of Canada raised its policy rate by half a percentage point to 3.75%, a 14-year high, against the backdrop of bets for another 75 basis points increase. It forecast that the economy could soon slip into a slight recession, but investors took comfort in the central bank reaching a potential pivot in its monetary policy. Reporting by Shashwat Chauhan in Bengaluru; Editing by Sriraj Kalluvila and Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

☆ TSX futures rise on commodity boost, BoC rate decision in focus
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

Oct 26 (Reuters) - Futures for Canada's resources-heavy stock index rose on Wednesday as commodity prices gained, while investors awaited policy decision from the country's central bank which is expected to deliver another big rate hike. read moreTraders are currently pricing in a 84.3% chance of a 75 bps hike to 4.0% after inflation data last week came in hotter than forecast. Futures on the S&P/TSX index inched up 0.1% at 06:59 a.m. ET, although Wall Street futures tumbled after disappointing results from technology giants Microsoft (MSFT.O) and Alphabet (GOOGL.O) raised fears of slowing economic growth. ($1 = 1.3554 Canadian dollars)Reporting by Shashwat Chauhan in Bengaluru; Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Cannabis stocks, upbeat Wall St mood lifts TSX
▼ + stars: | 2022-10-25 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Canadian stocks rose on Tuesday, echoing an upbeat sentiment on Wall Street as Treasury yields fell, while top cannabis producer Canopy Growth surged on plans to create a holding company to speed up its entry into the United States. read moreThe wider healthcare index (.GSPTTHC), which houses other cannabis stocks, jumped 6.9%. Meanwhile, Wall Street indexes rallied as U.S. bond yields fell on hopes of the Federal Reserve will dial down its ultra-hawkish rhetoric in its fight against inflation. Earnings from megacap companies including Microsoft Corp (MSFT.O), Alphabet Inc (GOOGL.O) and Apple Inc (AAPL.O) could set the tone on Wall Street this week. Among other single stocks, Celestia Inc (CLS.TO) jumped 18.7% after the electronics company reported third-quarter results that beat analysts' estimates.

☆ TSX ends lower as financials and industrials lose ground
▼ + stars: | 2022-10-20 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 95.11 points, or 0.5%, at 18,579.29. Money markets expect the central bank to tighten by at least another 50 basis points at a policy announcement next week. The Toronto market's heavily weighted financials sector fell 1.2% while industrials ended 2.1% lower. Still, its shares ended 0.6% lower.

☆ TSX rises on boost from higher energy, metal prices
▼ + stars: | 2022-10-20 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +3 min

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. ET (14:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 130.27 points, or 0.7%, at 18,804.67. Most of the sectoral indexes were trading higher, with energy (.SPTTEN) in the lead as crude prices rose on tighter supplies and news of China considering reducing the duration of quarantine for inbound visitors. "The market is very sensitive to this and an eventual peaking of short-term rates should provide a positive catalyst towards higher stock prices." Traders are now split evenly between a 75-bps and 50-bps rate hike when the Bank of Canada meets next week.

☆ TSX posts lowest weekly close in 20 months as oil prices fall
▼ + stars: | 2022-10-14 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 287.28 points, or 1.5%, at 18,326.25. "The interest rate sensitive sectors of the market like housing is cooling down at a meaningful pace." Canadian home sales fell 3.9% in September from August, with actual monthly activity about 12% below the pre-pandemic 10-year average, data from the Canadian Real Estate Association showed. read moreThe Toronto market's energy group fell 3.4% as U.S. crude oil futures settled 3.9% lower at $85.61 a barrel. The materials group, which includes precious and base metals miners and fertilizer companies, lost 4% as gold and copper prices declined.

Doctors are trying to save her but there (may be) no hope of survival,” the girl’s mother told CNN on Thursday. But the girl did not tell her mother about the alleged attack, and instead, like many survivors of sexual assault, lived in silence. Since we belong to the same family, we settled the matter,” said the girl’s mother, adding she now wants the alleged rapist to be hanged. The victim’s home is in a low-income neighborhood in the city of Mainpuri in Uttar Pradesh, India’s most populous state. Devendra Singh Chauhan for CNNIf Uttar Pradesh were a country, it would be the world’s fifth largest with a population of more than 200 million.

☆ Short covering helps 'oversold' TSX snap losing streak
▼ + stars: | 2022-10-13 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 407.35 points, or 2.2%, at 18,613.63, ending a streak of five straight daily declines. Earlier in the day, the index touched its lowest since February 2021 at 17,873.18. U.S. stocks also rallied as investors covered short positions and technical support helped drive a rebound. read moreThe Toronto market's energy sector rose 3.3% as U.S. crude oil futures settled 2.1% higher at $89.11 a barrel, supported by low levels of diesel inventory. read moreUtilities rebounded 2.6% after falling sharply since August and industrials ended 1.8% higher.

☆ TSX falls for fifth day as utilities slide
▼ + stars: | 2022-10-12 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 10.40 points, or 0.1%, at 18,206.28. That was well above the worst levels of the day but was the fifth straight day of losses and the lowest closing level since March 2021. read moreThe Toronto market's utilities sector fell 2.5%, extending recent declines, while energy was down 0.1% as oil prices fell for a third day. U.S. crude oil futures settled 2.3% lower at $87.27 a barrel. read moreHelping to cap losses for the index, the materials group, which includes precious and base metals miners and fertilizer companies, added 1.1% as gold prices rose and the consumer staples sector ended 1.5% higher.

ET (1407 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was 0.2% lower at 18,180.4, after hitting its lowest since June. The focus is now on minutes from the September Federal Open Market Committee meeting, which will be released later in the day. Canadian inflation data for September is due next week, with investors pricing in a 97% probability of a 50 basis point rate hike by the Bank of Canada when it meets on Oct. 26. It doesn't help that they have to act first, but investors are expecting another super-sized rate hike," said Michael. read more($1= C$1.3)Register now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian and Shashwat Chauhan in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

☆ TSX hits 19-month low as global recession risk weighs
▼ + stars: | 2022-10-11 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

Investors were already on edge ahead of a key U.S. inflation report this week that could cement additional interest rate hikes by the Federal Reserve. read more"I think we are seeing the rate hikes really in full effect now," said Allan Small, senior investment adviser at the Allan Small Financial Group with iA Private Wealth. "The fear is that because the rate hikes have a lagging effect on the economy, we will not feel the full effect of these rate hikes until perhaps 3-6 months down the road." The International Monetary Fund on Tuesday cut its global growth forecast for 2023, warning that conditions could worsen significantly next year. Heavily-weighted financials lost 2.3% and technology was down nearly 3%.

☆ India appoints Anil Chauhan as chief of defence staff
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: 1 min

India's Adani Group to invest over $100 billion in next decade, article with imageIndia · September 27, 2022India's Adani Group will invest more than $100 billion over the next decade, most of it in the energy transition business, its Chairman Gautam Adani said on Tuesday, as the ports-to-energy conglomerate accelerates an already aggressive expansion plan.

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