RSS Feed en-us Copyright (c) 2016 Inc. All rights reserved. 10/23/2016 9:30:44 PM <![CDATA[AltaGas Ltd. "SECTOR PERFORM"]]>Fri, 21 Oct 2016 11:59:00 EST<![CDATA[Gold Set for First Weekly Gain in Four Weeks]]>Fri, 21 Oct 2016 11:53:00 EST, October 21, 2016

Gold Set for First Weekly Gain in Four Weeks

Gold was trading flat on Friday as the U.S. dollar strengthened, but was on track for its first weekly gain in four weeks on steady buying from China and exchange-traded funds.

Spot gold was up 0.1% at $1,266.61 U.S. an ounce, on its way to a weekly gain of 1%.

U.S. Federal Reserve policymakers have heavily tipped that the central bank will raise U.S. rates in December.

Gold is highly sensitive to rising rates, which increase the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced.

In other precious metals, spot silver fell 0.2% to $17.48 U.S.

Platinum was down 0.4% at $930.60 U.S. Palladium fell as much as 1% to touch a low of $621.50 U.S., its worst since July 13.

<![CDATA[Further Evidence Amazon CEO Jeff Bezos is Tech’s Best]]>Fri, 21 Oct 2016 03:20:00 EST, October 21, 2016

Further Evidence Amazon CEO Jeff Bezos is Tech’s Best

Having a great CEO makes a difference for just about every company. It makes an even bigger difference in the technology world.

Change in the last ten years has been nothing short of remarkable. Things like smartphones, social media, and the gig economy didn’t really exist a decade ago. Sure, BlackBerries were everywhere in 2006, but they were nothing compared to the devices we carry in our pockets today.

The world has certainly changed for Inc. (NASDAQ:AMZN), too. It was still very much a retail-focused company back in 2006. It has made a number of strides since, including getting big into the web hosting business, producing its own products, and becoming much more focused on shipping logistics.

You’d think CEO Jeff Bezos would be hyper-focused on change, trying to figure out where technology is going so he can be there first. But that’s not really the case.

Bezos looks at it in the opposite way. He focuses on things that aren’t changing, and won’t change over the next 10 years. He then applies this thinking to Amazon’s business.

This kind of thinking has influenced Amazon’s retail business substantially. It continues to focus on low prices, fast delivery, and a large selection because Bezos knows those main tenets will remain true for years to come.

By taking traditional thinking and turning it on its head, Bezos further cements his place as one of tech’s best CEOs. He’s a big reason why Amazon commands such high valuations.

<![CDATA[Economic Calendar]]>Sun, 23 Oct 2016 09:30:44 EST 2016


Saturday, October 01, 2016 RBC Manufacturing PMI: 9:30am Sept The RBC manufacturing PMI declined to 50.3 for September from 51.1 in August. This was below expectations of a small improvement to 51.5 and the lowest reading for seven months. The RBC Canadian manufacturing PMI index declined to 51.1 for August from 51.9 in July, the lowest reading for six months.
Wednesday, October 05, 2016 Canadian International Merchandise Trade: 8:30am Aug Canada's exports increased 0.6% to $43.4 billion in August, while imports were largely unchanged at $45.3 billion. Consequently, Canada's merchandise trade deficit with the world narrowed from $2.2 billion in July to $1.9 billion in August. Canada's exports increased 3.4% to $42.7 billion in July. Export volumes were up 3.7%, while prices were down 0.3%. Imports edged down 0.1% to $45.2 billion, as volumes were down 1.2% and prices were up 1.1%. As a result, Canada's merchandise trade deficit with the world narrowed from a record $4.0 billion in June to $2.5 billion in July.
Thursday, October 06, 2016 Building Permits: 8:30am Aug Municipalities issued $7.3 billion worth of building permits in August, up 10.4% from July. This marked the second consecutive monthly increase. Municipalities issued building permits worth $6.5 billion in July, up 0.8% from the previous month.
Friday, October 07, 2016 IVEY Purchasing Managers Index: 10:00am Sept Western University’s Ivey School of Business reported its Purchasing Managers’ Index registered 58.4 in September, compared to 52.3 in August and 53.8 in September 2015. Western University’s Ivey School of Business reported its Purchasing Managers’ Index registered 52.3 in August, compared to 57 in July and 58 in August 2015.
Friday, October 07, 2016 Labour Force Survey: 7:00am Sept Employment rose by 67,000 (+0.4%) in September, with most of the increase in part-time work. The unemployment rate was unchanged at 7.0%, as more people participated in the labour market. Following a decline in July, employment edged up in August (26,000 or 0.1%). The unemployment rate rose 0.1 percentage points to 7.0%, as more people participated in the labour market.
Tuesday, October 11, 2016 Housing Starts: 8:15am Sept Canada Mortgage and Housing Corporation reported the trend measure of housing starts in Canada was 199,503 units in September compared to 196,465 in August The trend measure of housing starts in Canada was 195,640 units in August compared to 201,379 in July, according to Canada Mortgage and Housing Corporation.
Thursday, October 13, 2016 New Housing Price Index: 8:30am Aug The New Housing Price Index rose 0.2% in August compared with July The New Housing Price Index rose 0.4% in July from the previous month
Friday, October 14, 2016 CREAstats - MLS Sales: 8:30am Sept National home sales edged up 0.8% from August to September. Actual (not seasonally-adjusted) activity in September rose 4.2% year-over-year (y-o-y). The Canadian Real Estate Association reported national home sales declined for a fourth consecutive month in August 2016. National home sales fell 3.1% from July to August. Actual (not seasonally-adjusted) activity came in 10.2% above August 2015. The number of newly listed homes declined 2.7% from July to August.
Monday, October 17, 2016 Canada's International Transactions in Securities: 8:30am Aug Foreign investment in Canadian securities totalled $12.7 billion in August, led by acquisitions of Canadian bonds on the secondary market. At the same time, Canadian investment in foreign securities slowed to $1.6 billion. This resulted in a net inflow of funds of $11.1 billion into the Canadian economy in the month Foreign investment in Canadian securities slowed for a fourth straight month to $5.2 billion in July. At the same time, Canadian investors continued to invest in foreign securities by adding $4.6 billion to their holdings.
Tuesday, October 18, 2016 Monthly Survey of Manufacturing: 8:30am Aug Manufacturing sales increased 0.9% to $51.1 billion in August Manufacturing sales edged up 0.1% in July to $50.7 billion.
Wednesday, October 19, 2016 BoC Rate Announcement: 10:00am Oct The Bank of Canada maintained its target for the overnight rate at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25% The Bank of Canada today announced that it is maintaining its target for the overnight rate at 0.5%. The Bank Rate is correspondingly 0.75% and the deposit rate is 0.25%
Thursday, October 20, 2016 Employment Insurance: 8:30am Aug. Regular Employment Insurance (EI) beneficiaries in Canada totaled 563,000 in August, down 3% from the previous month. This decrease followed a 5.0% increase in July, when legislative changes to the EI program came into effect. On a year-over-year basis, the number of beneficiaries was up 23,700, or 4.4%. Regular Employment Insurance beneficiaries in Canada totaled 575,200 in July, up 4.4% from the previous month.
Friday, October 21, 2016 Consumer Price Index: 7:00am Sept The Consumer Price Index rose 1.3% on a year-over-year basis in September, following a 1.1% increase in August. On a seasonally-adjusted monthly basis, CPI was up 0.2% in September, after decreasing 0.1% in August. The Consumer Price Index rose 1.1% in the 12 months to August, after increasing 1.3% in July. On a seasonally-adjusted monthly basis, the Consumer Price Index decreased 0.1% in August, after posting no change in July.
Friday, October 21, 2016 Retail Trade: 8:30am Aug Retail sales edged down 0.1% to $44.0 billion in August. Retail sales were relatively unchanged for the third consecutive month in July, edging down 0.1% to $44.1 billion.
Monday, October 24, 2016 Wholesale Trade: 8:30am Aug --- Wholesale sales rose 0.3% to $56.5 billion in July, a fourth consecutive monthly gain. Increases were recorded in five of seven subsectors.
Thursday, October 27, 2016 Average Weekly Earnings Aug --- Average weekly earnings of non-farm payroll employees were $955 in July, little changed from the previous month (-0.2%) and from 12 months earlier (+0.1%).
Monday, October 31, 2016 Industrial Product Price Index: 8:30am Sept --- The Industrial Product Price Index declined 0.5% in August
Monday, October 31, 2016 Raw Materials Price Index: 8:30am Sept --- The Raw Materials Price Index fell 0.7%
Tuesday, November 01, 2016 GDP: 8:30am Aug --- Real gross domestic product grew 0.5% in July, led by higher output in the mining, quarrying, and oil and gas extraction sector. The rise in July followed a 0.6% increase in June, which had essentially offset an equivalent decline in May.
<![CDATA[Inflation Picks Up Slightly in September]]>Fri, 21 Oct 2016 09:41:00 EST Picks Up Slightly in September

The cost of living in Canada went up by 1.3% in the 12 months leading up to September, up from 1.1% the previous month.

Figures released Friday by Statistics Canada showed that food prices put the brakes on the climb, as the food index posted its smallest year-over-year gain since February 2000.

Food prices had risen sharply since the middle of 2015 due to the plunging Canadian dollar increasing costs for a whole host of imported produce.

But that trend has largely stabilized now as the loonie has found a range of around 75 cents against its American counterparts. So food price hikes have cooled and in some cases reversed.

The agency reports prices for food purchased in stores are now as cheap as they were in January 2015, down 0.9% in past 12 months.

Gasoline is also getting cheaper. Pump prices were 7.9% lower in September than they were the same month a year earlier.

Inflation moved up in every Canadian province, but by a smaller amount in only two provinces — Alberta and British Columbia.

<![CDATA[Asia Markets Mixed on Quakes, Typhoons]]>Fri, 21 Oct 2016 07:17:00 EST, October 21, 2016

Asia Markets Mixed on Quakes, Typhoons

Markets in Asia were lower across the board on Friday, while traders digested data showing China's home prices climbed and as a typhoon shut down the Hong Kong market and caused casualties and destruction in the Philippines and an earthquake struck Japan.

The Nikkei 225 Index docked 50.91 points, or 0.3%, to 17,184.59, following reports of a magnitude 6.6 earthquake that struck western Japan. Reports said a tsunami warning was not issued.

Markets in Hong Kong were cancelled due to the typhoon.

The yen, considered a safe haven, climbed after the reports, trading as high as 103.75 against the U.S. dollar, compared with an earlier low of 104.20. As of late afternoon, the dollar/yen pair traded at 103.89.

In Japan, Mitsubishi Motors led gainers, rising 5.2%. On Thursday, Nissan announced it had completed the acquisition of a 34% controlling stake in Mitsubishi. Nissan chief Carlos Ghosn told the media on Friday that Nissan would support Mitsubishi's recovery efforts from a major scandal earlier this year.

Nissan shares closed up 0.6%, while Honda gave up its nearly 0.7% gain to finish flat. Suzuki Motor climbed 2%.Toyota shares slipped 1.1%

Japanese game maker Nintendo saw its shares drop 6.6% on Friday, despite revealing some details about its new gaming console, the Nintendo Switch, in a three-minute trailer on Thursday night local time. The console would be available from March 2017, according to the company.

Among other currency majors, the Australian dollar traded at $0.7645, after sliding from levels above $0.7700 on Thursday, as the September employment report sharply missed expectations.


The CSI 300 gained 9.14 points, or 0.3%, to 3,327.84

Government data showed property prices in China rose at the fastest pace on record in September, which prompted fears of a market bubble in the country. Reuters calculation of data from the National Bureau of Statistics showed property prices shot up 11.2% on-year in September in 70 major cities.

Among mainland-listed property stocks, Vanke dropped 2.7%. Concerns about rising housing prices could spur authorities to take fresh cooling measures.

The on-shore Chinese yuan traded at 6.7565 against the U.S. dollar in the afternoon, the mainland currency's lowest levels since 2010.

In other markets

In Korea, the Kospi shed 7.6 points, or 0.4%, to 2,033

The Straits Times Index in Singapore subtracted 11.56 points, or 0.4%, to 2,831.06

In Taiwan, the Taiex Index lost 10.67 points, or 0.1%, to 9,306.57

In New Zealand, the NZX 50 slid 15.38 points, or 0.2%, to 6,958.40

In Australia, the ASX 200 skidded 11.83 points, or 0.2%, to 5,430.32

<![CDATA[Jobless Claims Top Expectations in U.S. ]]>Thu, 20 Oct 2016 10:06:00 EST filing for unemployment benefits numbered more than expected last week, but stayed below a level that is associated with a strong labour market.

Figures released Thursday morning by the U.S. Labor Department revealed initial claims for state unemployment benefits increased 13,000 to a seasonally-adjusted 260,000 for the week ended Oct. 15.

That marked 85 straight weeks of claims below the 300,000 threshold normally associated with a strong jobs market, the longest period since 1970, when the American labour market was much smaller. Claims for the prior week were revised to show 1,000 more applications received than previously reported.

Economists had forecast first-time applications for jobless benefits rising to 250,000 in the latest week. Part of the increase in claims last week could be related to the effects of Hurricane Matthew, which lashed the U.S. southeast of the country, causing severe flooding.

<![CDATA[IPO Center - TSX-V]]>Wed, 09 Dec 2015 12:00:00 EST Company Name Ticker Date BioNeutra Global Corporation BGA 09-12-2015 International Datacasting Corporation IDC 14-12-2015 Buffalo Coal Corp. BUF 18-12-2015 Orezone Gold Corporation ORE 21-12-2015 IDM Mining Ltd. IDM 30-12-2015 Percy Street Capital Corporation PSC 12-01-2016 New Global Acreage Resources Ltd. RAP.P 13-01-2016 McorpCX, Inc. MCX 03-02-2016 Nurcapital Corporation Ltd. NCL 04-02-2016 CaNickel Mining Limited CML 05-02-2016 Axios Mobile Assets Corp. AXA 29-02-2016 Brassneck Capital Corp. BC.P 15-03-2016 MDN Inc. MDN 31-03-2016 Black Lion Capital Corp. BLC 01-04-2016 CUP Capital Corp. CPU 08-04-2016 Nobelium Tech Corp. NBL.P 13-04-2016 Spada Gold Ltd. SPL 14-04-2016 Era Resources Inc. ERX 18-04-2016 Helius Medical Technologies, Inc. HSM 18-04-2016 Huffington Capital Corporation HU.P 19-04-2016 Nova Leap Health Corp. NLH.P 26-04-2016 Targeted Microwave Solutions Inc. TMS 17-05-2016 Cortina Capital Corp. CCN 17-05-2016 Mercal Capital Corp. MUL 18-05-2016 Westshire Capital II Corp. WSH 31-05-2016 IMEX Systems Incorporated IMX 14-06-2016 Inc. KSI 05-07-2016 Fortune Bay Corp. FOR 05-07-2016 GoviEx Uranium Inc. GXU 11-07-2016 Mbac Fertilizer Inc. MBC 12-07-2016 H-Source Holdings Ltd. HSI 25-07-2016 Mariana Resources MRA 26-07-2016 Cardero Resource Corp. CDU 02-08-2016 Austral Gold Limited AAM 22-08-2016 Filo Mining Corp. FIL 26-08-2016 Jura Energy Corporation JEC 01-09-2016 Northwest Arm Capital Inc. NWA 12-09-2016 Aurora Cannabis Inc. ACB 05-10-2016 European Commercial Real Estate Limited ERE.P 07-10-2016 Starlight U.S. Multi-Family (No. 5) Core Fund SUA.A 13-10-2016 IsoEnergy Ltd. ISO 19-10-2016]]><![CDATA[TSX Surges into Weekend]]>Fri, 21 Oct 2016 04:44:00 EST, October 21, 2016

04:44 PM EST
TSX Surges into Weekend

Bombardier, Tourmaline in Focus

Toronto stocks finished off a strong week by running its win streak higher.

The S&P/TSX Composite jumped 91.12 points to finish the day and the week at 14,939.04

The Canadian dollar plummeted 0.55 cents to 75.04 cents U.S.

Bombardier Inc fell two cents, or 1.1%, to $1.76. The plane and train maker will shed jobs for the second time this year, cutting about 10% of its global workforce over two years as it deepens turnaround efforts at its rail division.

Among energy issues, Tourmaline Oil rocketed $2.34, or 6.3%, to $38.73, and Suncor Energy climbed 42 cents, or 1.1%, to $39.19.

Materials also jumped as Teck Resources hiked 42 cents, or 1.6%, to $27.31, and Potash Corporation of Saskatchewan gained 46 cents, or 2.2%, to $21.89.

The lone naysayer was in consumer staples, weighed by Loblaw, down $1.08, or 1.6%, to $66.03, and Metro dipped 16 cents to $41.87.

On the economic beat, Statistics Canada reported its Consumer Price Index rose 1.3% on a year-over-year basis in September, following a 1.1% increase in August.

The agency went on to say that, on a seasonally-adjusted monthly basis, CPI was up 0.2% in September, after decreasing 0.1% in August.

Moreover, retail sales edged down 0.1% to $44.0 billion in August. StatsCan reported that lower sales at motor vehicle and parts dealers, and general merchandise stores were the main contributors to the decline. Excluding these two sub-sectors, retail sales were up 0.2%


The TSX Venture Exchange nudged higher 4.59 points to 790.57

All but one of the 12 TSX subgroups were higher Friday, as energy hiked 1%, materials headed up 0.9%, while industrials strengthened 0.5%.

The lone holdout was in consumer staples, down 0.2%.


Stocks closed mostly flat on Friday amid a strong dollar and as earnings season continued.

The Dow Jones Industrials came off its lows, but still trailed Thursday’s close by 16.64 points to end the week at 18,145.71, with Verizon leading decliners and Microsoft the top advancer.

The S&P 500 dropped 0.18 points to 2,141.16, with telecommunications leading eight sectors lower and consumer discretionary the biggest riser.

The NASDAQ composite index regained 15.57 points to 5,257.40

For the week, the three major indexes notched slight gains.

Consumer discretionary stocks were led by Time Warner, which rose more than 7% amid reports the firm has engaged in talks for a deal to be bought out by AT&T, which dragged the telecommunications sector lower.

In corporate news, Dow component General Electric reported mixed results Friday before the open, beating estimates on earnings but missing on revenues. GE also narrowed its 2016 earnings per share guidance.

Meanwhile, Microsoft, another Dow component, posted better-than-expected results across the board on Thursday.

In all, 80% of the 116 S&P components that had reported as of Friday morning had beaten Wall Street's earnings estimates, while 65% had beaten revenue estimates.

Prices for the 10-year Treasury gained ground, dropping yields 1.74% from Thursday’s 1.75%. Treasury prices and yields move in opposite directions.

Oil prices up 27 cents at $50.90 U.S. a barrel

Gold prices squeezed higher 30 cents to $1,267.80 U.S. an ounce.

<![CDATA[Stocks in Play: Sangoma Technologies Corporation]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

09:47 AM EST - Sangoma Technologies Corporation : Announced highlights of its financial results for the fiscal year ended June 30, 2016. For the full year, revenue was $21.19 million, the highest in Sangoma's history and 30% above last year. Net income for the year ended June 30, 2016 was $0.11 million ($0.004 per share fully diluted), compared to net income of $0.25 million ($0.008 per share fully diluted) for the year ended June 30, 2015. Sangoma Technologies Corporation (V.STC) shares were down $0.01 at 0.35.

<![CDATA[Stocks in Play: BNK Petroleum Inc.]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

09:47 AM EST - BNK Petroleum Inc. : Has agreed to increase the amount of its share offering at 20 cents per share, from up to 55,000,000 Shares to up to 70,000,000 Shares for aggregate gross proceeds of up to $14,000,000. BNK Petroleum Inc. (T.BKX) shares were up $0.005 at 0.21.

<![CDATA[Stocks in Play: Makena Resources Inc.]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

09:49 AM EST - Makena Resources Inc. : Announced that drilling is now complete on its Clone gold and gold-cobalt property located 20 kilometres southeast of Stewart in the Golden Triangle region of northwestern British Columbia. Seven drill holes were completed ranging from approximately 125-450 feet in depth. Results from this drill program are expected back from the lab in approximately four to six weeks. Makena Resources Inc. (V.MKN) shares were unchanged at 0.02.

<![CDATA[Stocks in Play: American Lithium Corp. ]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

09:50 AM EST - American Lithium Corp. : Reported that further testing on the surface brines has reported low magnesium (Mg) concentrations and overall an inverse relationship between lithium (Li) and magnesium grades. A a total of 24 samples reported grades ranging from 537 to 24.6 mg/L Li and an average of 292.9 mg/L Li and the lowest grade sample was 2.4 mg/L Li. These samples were subsequently tested for 24 additional elements including magnesium. Magnesium grades ranged from 30.8 to trace mg/L Mg with an average grade of 1.9 mg/L Mg. As can be seen in the table above, there is an inverse relationship between Li and Mg grades. American Lithium Corp. (V.LI) shares were unchanged at 0.42.

<![CDATA[Stocks in Play: Gold Standard Ventures Corp. ]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

11:32 AM EST - Gold Standard Ventures Corp. : Announced a non-brokered private placement of up to 7,886,436 common shares in the capital of the Company at a price of $3.17 per Common Share for total proceeds of up to approximately $25,000,000. Goldcorp Inc. has agreed to purchase, as a part of the private placement, 4,731,862 Common Shares of the Company at the offering price for total proceeds of approximately $15,000,000. Gold Standard Ventures Corp. (V.GSV) shares were down $0.04 at 3.36.

<![CDATA[Stocks in Play: Royal Bank of Canada]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

11:34 AM EST - Royal Bank of Canada : Announced that Janice Fukakusa, Chief Administrative Officer and Chief Financial Officer will be retiring effective January 31, 2017 after a distinguished 31-year career with RBC. Royal Bank of Canada (T.RY) shares were up $0.32 at 84.25.

<![CDATA[Stocks in Play: Goldcorp Inc.]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

11:35 AM EST - Goldcorp Inc. : Has agreed to purchase, as a part of a non-brokered private placement, 4,731,862 Common Shares of Gold Standard Ventures at an offering price of $3.17 for total proceeds of approximately $15,000,000. Goldcorp Inc. (T.G) shares were up $0.27 at 20.62.

<![CDATA[Stocks in Play: Bombardier]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

11:36 AM EST - Bombardier : Announced today a series of actions as it continues to execute its five-year turnaround plan launched last year. The actions support the company's efforts to build its earnings growth potential and highlight its focus on improving productivity, reducing costs and optimizing its worldwide footprint to deliver increased value to customers and shareholders. Bombardier (T.BBD.B) shares were down $0.02 at 1.76.

<![CDATA[Stocks in Play: MTY Food Group Inc. ]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

03:47 PM EST - MTY Food Group Inc. : Declared a quarterly dividend of 11.5¢ per share, payable on November 16 to shareholders registered in the Company's records at the end of the business day on November 2. MTY Food Group Inc. (T.MTY) shares were up $1.12 at 47.5.

<![CDATA[Stocks in Play: Global Copper Group Inc.]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

03:48 PM EST - Global Copper Group Inc. : Announced that the TSX Venture Exchange has accepted in principle the company's proposed name change from Global Copper Group Inc. to Cobalt Power Group Inc. The expected effective date is to be Monday October 24, and the new trading symbol will be "CPO". Global Copper Group Inc. (V.ICU) shares were up $0.01 at 0.08.

<![CDATA[Stocks in Play: Transat A.T. ]]>Fri, 21 Oct 2016 09:46:54 EST, October 21, 2016

03:49 PM EST - Transat A.T. : Announced that following study of the transaction documents filed on September 16, the European Commission has authorized the sale, with no conditions attached, of Transat A.T.'s France- and Greece-based tour-operating business units (Transat France and Tourgreece) to TUI AG. The transaction will take effect on October 31, pursuant to the provisions of the transfer agreement concluded on June 21. Transat A.T. (T.TRZ) shares were down $0.01 at 6.3.

<![CDATA[Equitorial Exploration Rallies on Additional Results on Li Lithium Property ]]>Thu, 20 Oct 2016 04:44:00 EST, October 20, 2016

Equitorial Exploration Rallies on Additional Results on Li Lithium Property

U.S. stocks have edged lower in trading today as a pullback in oil prices has weighed down sentiment. Market participants are also edgy as the uncertainty over when the Federal Reserve will hike interest rates continues.

On the labour market front, investors once again got some positive data as jobless claims came in below 300,000 for the 85th straight week. This is the first time since 1970 that jobless claims have been below 300,000 for this long.

Markets have also been kept on the edge by developments in Europe. The European Central Bank (ECB) kept its benchmark interest rates unchanged earlier today. However, there is still uncertainty over how long the ECB will continue with its bond purchase program.

Although the broader market has edged lower, the Basic Materials sector is holding on to its gains in late trading. One of the major movers in the sector today is Equitorial Exploration Corp. (TSX-Venture:EXX).

Based in Vancouver, Equitorial Exploration is in the process of pursuing and developing new business ventures. The company conducts all of its operations in acquisition, exploration and development of mineral, and oil & gas properties.

Equitorial Exploration shares are soaring after the company announced specimen sample results from its 2016 exploration program on the company's 100-per-cent-owned Li lithium property, which hosts the Little Nahanni pegmatite group (LNPG).  The Li property lies 30 km northwest of the Cantung Mine Site in the Northwest Territories, immediately east of the Yukon Territory border.

Equatorial is in the process of acquiring high resolution satellite images for the Li property.  These images will assist with mapping the dyke swarms on surface and will allow for a greater degree of certainty when creating a three dimensional model based on surface and drill hole structural measurements.  

Early next year, the company will be retrieving the diamond drill core from the 2007 program from its current storage location in southeast Yukon and transporting it back to Whitehorse for re-logging and re-processing.

In summer 2017, Equatorial is anticipating a field program comprising diamond drilling, channel sampling, geological mapping and prospecting on the Li property.

The company also informed that Greg Campbell has resigned from its Board to pursue other business opportunities.

At last check, EXX shares were trading 12.50% higher at $0.0450 on volume of 2.50 million, which is more than 10 times the daily average volume of 217,430.

<![CDATA[Greenback at 7-Mo. High vs. Loonie]]>Fri, 21 Oct 2016 09:53:27 EST
Experts expect a range today for the U.S. dollar of $1.3201 to $1.3333 Canadian

As expected, the European Central Bank left monetary policy on hold and the volatility occurred after in President Mario Draghi’s press conference. Looks like a softer euro is to come as Draghi hinted at more stimulus in December’s meeting -- quite the opposite of when Draghi stated that tapering was not discussed early in the conference. The euro has dropped to a fresh four-month low against the greenback, but gaining against the week loonie. The euro is trading at $1.4492 Canadian.

Observers expect a range today of $1.4458 to $1.4524 Canadian

Public Sector Net Borrowing was larger than expected as the U.K. government borrowed 10.1 billion pounds when 8.6 billion was expected. Prime Minister Theresa May is at a European Union summit and will be meeting with EU commission President Jean-Claude Juncker, probably to discuss Brexit issues. The pound sterling is flat from yesterday’s close and currently trading at $1.6203 Canadian.

Currency watchers expect a range today of $1.6169 to $1.6293 Canadian

The Australian dollar has charged back to almost match its highest level of the year at $1.015 Canadian. The combination of weaker Canadian fundamentals and softening commodity prices provided the stimulus for the run of the loonie this morning. Looking to the technicals, the Aussie has been ranging between $1.00 and $1.016 Canadian for the past two weeks, a close outside of the range would establish direction in the pairing. The New Zealand dollar has followed other higher yielding currencies lower overnight, declining 0.7% from $0.72 to open this morning at $0.715 Canadian. Meanwhile, the kiwi is higher against the loonie after the disappointing Canadian data and is currently trading above $0.953 Canadian.

Oil (WTI): $50.79

Gold: $1,266.75

Silver: $17.52

Copper: $2.1035

Dollar Index: 98.65]]>
<![CDATA[’s Top Stories of The Week: NFLX, VIA, CBS, T, TWX]]>Fri, 21 Oct 2016 03:27:00 EST<![CDATA[ManpowerGroup (MAN) Jumps with Earnings On Way]]>Fri, 21 Oct 2016 11:24:01 EST<![CDATA[Parker-Hannifin (PH) Up with Earnings Soon to Come]]>Fri, 21 Oct 2016 11:20:46 EST<![CDATA[LM Ericsson (ERIC) Sinks as Earnings Set to Report]]>Fri, 21 Oct 2016 11:15:00 EST<![CDATA[Moody's (MCO) Down Before Earnings ]]>Fri, 21 Oct 2016 11:13:41 EST<![CDATA[Wipro Limited (WIT) Sinks Before Quarterly Earnings ]]>Fri, 21 Oct 2016 11:10:00 EST<![CDATA[SAP SE (SAP) Gains with Earnings in Wings]]>Fri, 21 Oct 2016 11:07:33 EST<![CDATA[Synchrony Financial (SYF) Gains on Projected Earnings]]>Fri, 21 Oct 2016 11:05:20 EST<![CDATA[Interpublic Group of Companies (IPG)]]>Fri, 21 Oct 2016 11:02:27 EST<![CDATA[Citizens Financial Group (CFG) Up Before Quarterlies ]]>Fri, 21 Oct 2016 10:59:54 EST