(Bloomberg News moves a Canadian budget every weekday.
Additions follow throughout the day as needed. All times are
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Top Canadian Stories
HUDSON’S-BAY-SHARES -- Hudson’s Bay Co., the Canadian
company that owns Saks Fifth Avenue and Lord & Taylor, plunged
as much as 8.9 percent in Toronto trading after forecasting
lower earnings than analysts had predicted. 150. Moved 11:00. By
ELECTRICITY-PENSION-INVESTMENT -- Canada’s pension funds
are looking to increase investment in electricity companies that
will need to raise C$350 billion ($317 billion) for
infrastructure financing by 2030, according to Jim Burpee, head
of a national industry group. 1050. Moved 00:00. By Greg Quinn.
YAMANA-GOLDCORP-CANADA-COLUMN -- A week after Goldcorp Inc.
Chairman Ian Telfer said he didn’t expect anyone to thwart his
company’s C$2.76 billion ($2.5 billion) hostile offer for Osisko
Mining Corp., Yamana Gold Inc. is poised to do just that. 1500.
Moved 09:45. By Christopher Donville.
CANADA-ALLIANZ -- Allianz SE, Europe’s biggest insurer, is
expanding in Canada, targeting protection for the energy and
mining industries. 900. Moved 12:00. By Katia Dmitrieva.
CANADA-FEBRUARY-TRADE -- Canada’s merchandise trade balance
swung to a surplus in February, with rising exports of
automobiles and energy outpacing record imports. 900. Moved
11:00. By Greg Quinn.
QUEBEC-VALUES-CHARTER -- Quebec’s election next week may be
life changing for Ruba Benini, a 35-year-old medical school
resident in pediatric neurology at Montreal’s McGill University.
1500. Moved 00:00. By Theophilos Argitis.
Canadian Markets and Economy
CANADA-STOCKS -- Canadian stocks fell, snapping a four-day
rally, as raw-material shares paced declines amid losses in
copper and gold while Hudson’s Bay Co. said its Lord & Taylor
stores’ sales didn’t rebound as expected. By Gerrit De Vynck.
(For questions and comments, call Content Syndication at
1-212-617-4300. David Scanlan, the Canadian managing editor, can
be reached at 1-416-203-5722.)
To contact the reporter on this story:
Doug Alexander in Toronto at +1-416-203-5733 or
-0- Apr/03/2014 17:01 GMT