RSS Feed en-us Copyright (c) 2016 Inc. All rights reserved. 4/28/2016 5:50:03 PM <![CDATA[FirstService OUTPERFORM]]>Thu, 28 Apr 2016 11:59:00 EST<![CDATA[Crude Inventories Spike, Oil Pares Gains]]>Wed, 27 Apr 2016 12:52:00 EST, April 27, 2016

Crude Inventories Spike, Oil Pares Gains

Oil prices cut some of their gains Wednesday, after U.S. overnment data showed a sharp buildup in crude stockpiles, contradicting an earlier industry report that indicated lower inventories.

The Energy Information Administration (EIA) reported U.S. commercial crude inventories rose by two million barrels to a total of 540.6 million barrels in the previous week.

A survey of analysts on Tuesday forecast an U.S. crude stock build of 2.4 million barrels for last week, before the American Petroleum Institute (API) surprised traders and investors by reporting a drawdown of 1.1 million barrels.

EIA said gasoline inventories rose by 1.6 million barrels last week, while distillate fuel stocks fell by 1.7 million barrels.

EIA also reported U.S. crude production continued to retreat. Output has fallen to 8.93 million barrels per day (bpd) from a high of nearly 9.7 million bpd in April 2015.

Brent crude futures were up 52 cents at $46.26 U.S. a barrel by noon hour ET Wednesday, having hit a 2016 peak of $47.05 U.S. earlier in the day. The international benchmark has risen nearly 20% in April, its largest one-month gain in a year.

<![CDATA[Facebook Earnings Shatter Expectations]]>Thu, 28 Apr 2016 09:39:00 EST, April 28, 2016

Facebook Earnings Shatter Expectations

Tech giant Facebook (NASDAQ: FB) crushed analyst estimates when it reported first-quarter results on Wednesday.

The company reported adjusted first-quarter earnings of 77 cents U.S. per share on revenue of about $5.38 billion U.S.. Analysts had expected Facebook to report earnings of about 62 cents U.S. per share on $5.26 billion U.S. in revenue, according to a consensus estimate from Thomson Reuters.

In fact, Facebook's earnings per share figure was 10% better than the highest estimate of 41 Wall Street analysts.

Shares in the social network jumped $11.56, or 10.6%, in early Thursday morning trading following the announcement, to a new all-time high of $120.45 U.S., far from a 52-week low of $72.00 U.S.

Facebook also said it was proposing the creation of new class C shares. If the proposal is approved, shareholders would get two C shares for each class A or class B share they own. This would potentially allow Facebook CEO Mark Zuckerberg to sell some of his shares while still maintaining control of the company.

<![CDATA[Economic Calendar]]>Thu, 28 Apr 2016 05:50:03 EST 2016


Friday, April 01, 2016 RBC Manufacturing PMI: 9:30am Mar At 51.5 in March, up from 49.4 in February, the seasonally adjusted RBC Canadian Manufacturing PMI posted above the critical 50.0 no-change threshold for the first time in eight months. The index was the highest since December 2014. Adjusted for seasonal influences, the RBC Canadian Manufacturing PMI registered 49.4 in February, up fractionally from 49.3 in January, but below the neutral 50.0 threshold for the seventh month running
Tuesday, April 05, 2016 Canadian International Merchandise Trade: 8:30am Feb Canada's exports fell 5.4% to $43.7 billion in February, after reaching a record high in January. Export prices decreased 3.2% and volumes were down 2.2%. Imports declined 2.6% to $45.6 billion, as prices were down 1.4% and volumes decreased 1.2%. As a result, Canada's merchandise trade deficit with the world widened from $628 million in January to $1.9 billion in February. Canada's imports increased 1.1% in January to $46.7 billion. Exports totalled $46.0 billion, up 1.0% from December. Consequently, Canada's merchandise trade deficit with the world widened from $631 million in December to $655 million in January.
Wednesday, April 06, 2016 IVEY Purchasing Managers Index: 10:00am Mar The IVEY Purchasing Managers' Index came in at 50.1 for March, down from 53.4 in February and 47.9 for March 2015 Western University in London, Ontario reported that its seasonally-adjusted Ivey Purchasing Managers Index (PMI) came in at 53.4 in February, compared to 66 in January, and 49.7 in February 2015
Thursday, April 07, 2016 Building Permits: 8:30am Feb Municipalities issued building permits worth $7.4 billion in February, up 15.5% from January. Municipalities issued building permits worth $6.4 billion in January, a decline of 9.8% from the previous month.
Friday, April 08, 2016 Housing Starts: 8:15am Mar Canada Mortgage and Housing Corp showed the seasonally-adjusted annualized rate of housing starts fell to 204,251 units in March from an upwardly revised 219,077 units in February. Forecasters had expected 190,000 starts. Canadian Mortgage and Housing Corp reported that the seasonally-adjusted annualized rate of housing starts rose to 212,594 units in February from a downwardly revised 165,071 units in January. Forecasters had expected 180,000 starts.
Friday, April 08, 2016 Labour Force Survey: 7:00am Mar Employment increased by 41,000, or 0.2%, in March, lowering the unemployment rate by 0.2 percentage points to 7.1%. Employment moved downward 2,300 in February, as gains in part-time work were offset by losses in full-time. The unemployment rate rose by 0.1 percentage points for the third consecutive month, reaching 7.3% for the first time since March 2013.
Wednesday, April 13, 2016 BoC Rate Announcement: 10:00am --- 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% 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, April 14, 2016 New Housing Price Index: 8:30am Feb The New Housing Price Index rose 0.2% in February, following a 0.1% increase in January. The New Housing Price Index rose 0.1% in January, following an identical increase in December.
Friday, April 15, 2016 CREAstats - MLS Sales: 8:30am Mar According to figures published by the Canadian Real Estate Association, national home sales posted their third monthly increase and broke all previous monthly records. National home sales rose by 1.5% from February to March. Actual (not seasonally-adjusted) activity was up 12.2% compared to March 2015. The Canadian Real Estate Association said national home sales rose by 0.8% from January to February. Actual (not seasonally-adjusted) activity was up 18.7% compared to February 2015.
Friday, April 15, 2016 Monthly Survey of Manufacturing: 8:30am Feb Manufacturing sales decreased 3.3% to $51.2 billion in February, following three months of consecutive gains. Manufacturing sales rose 2.3% in January to $53.1 billion, the highest level on record.
Monday, April 18, 2016 Canada's International Transactions in Securities: 8:30am Feb Foreign investment in Canadian securities reached $15.9 billion in February, mainly in Canadian dollar denominated instruments. At the same time, Canadian investors resumed their acquisitions of foreign securities by adding $4.4 billion to their holdings, following a $14.7-billion divestment in January. Foreign acquisitions of Canadian securities reached $13.5 billion in January, mainly private corporate debt instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $13.8 billion, principally equities.
Wednesday, April 20, 2016 Wholesale Trade: 8:30am Feb Wholesale sales decreased 2.2% to $55.8 billion in February, after three consecutive increases. Lower sales were recorded in five of seven sub-sectors, accounting for 66% of total wholesale sales. In volume terms, wholesale sales declined 1.9%. Wholesale sales were unchanged at $57.0 billion in January. In volume terms, wholesale sales decreased 0.2% in January.
Thursday, April 21, 2016 Employment Insurance: 8:30am Feb In February, 548,700 people received regular Employment Insurance benefits, up 4,200, or 0.8%, from January In January, the number of Canadians receiving regular Employment Insurance (EI) benefits totaled 543,100, virtually unchanged from the previous month.
Friday, April 22, 2016 Consumer Price Index: 7:00am Mar The Consumer Price Index rose 1.3% in the 12 months to March, after increasing 1.4% in February. On a seasonally-adjusted monthly basis, retail inflation increased 0.2% in March, following a 0.2% decrease in February. The Consumer Price Index rose 1.4% in the 12 months to February, after hiking 2% in January. On a seasonally-adjusted monthly basis, the CPI decreased 0.2% in February, following a 0.2% increase in January.
Friday, April 22, 2016 Retail Trade: 8:30am Mar Retail sales rose for the second consecutive month, advancing 0.4% to $44.2 billion in February. Gains were reported in nine of 11 sub-sectors, representing 89% of total retail trade. Retail sales rose 2.1% to $44.2 billion in January, led by five sub-sectors that rebounded from lower sales in December. Gains were reported in seven of 11 sub-sectors, representing 82% of total retail sales.
Thursday, April 28, 2016 Average Weekly Earnings Feb Average weekly earnings of non-farm payroll employees were $954.00 in February, up 0.3% from the previous month and up 0.4%, from 12 months earlier. Earnings growth has leveled off since February 2015. Average weekly earnings of non-farm payroll employees were $953 in January, down 0.7% from the previous month. Compared with 12 months earlier, average weekly earnings were up only 0.4%.
Friday, April 29, 2016 Raw Materials Price Index: 8:30am Mar --- The Raw Materials Price Index fell 2.6%, mainly as a result of lower prices for crude energy products.
Friday, April 29, 2016 GDP: 8:30am Feb --- Real gross domestic product rose 0.6% in January, a fourth consecutive monthly increase.
Friday, April 29, 2016 Industrial Product Price Index: 8:30am Mar --- The Industrial Product Price Index declined 1.1% in February, led by lower prices for energy and petroleum products.
<![CDATA[Weekly Earnings Flat in Feb. ]]>Thu, 28 Apr 2016 09:22:00 EST Earnings Flat in Feb.

We didn't make all that much in February.

Figures released Thursday morning by Statistics Canada revealed that average weekly earnings of non-farm payroll employees were $954.00 in February, an improvement of only 0.3% from January, and a hike of only 0.4% from February 2015.

The agency also said that non-farm payroll employees worked an average of 32.9 hours per week in February, little changed from the previous month and unchanged compared with the same month a year earlier.

<![CDATA[BOJ Moves Cause Stocks to Plummet ]]>Thu, 28 Apr 2016 07:12:00 EST, April 28, 2016

BOJ Moves Cause Stocks to Plummet

Japanese shares sold off and the yen surged against the dollar Thursday after the Bank of Japan's (BOJ) decision to keep monetary policy steady disappointed a section of the market betting on further stimulus.

The Nikkei 225 plummeted 624.44 points, or 3.6%, to 16,666.05, compared with a 1.4% gain before the decision.

The Hang Seng Index in Hong Kong advanced 26.43 points, or 0.1%, to 21,388.03

The yen moved sharply higher, with the U.S. dollar/yen pair dropping 3% to 108.14, compared with the 111 level it traded at before the decision.

Following the BOJ's decision, and the yen's subsequent strength, major Japanese exporters saw their shares tumble. Toyota closed down 3.3%, Nissan fell 4.3% and Honda was down 4.2%. A stronger yen is usually a negative for exporters as it reduces their overseas profits when converted into local currency.

Japanese banking stocks also sold off sharply, with shares of Mitsubishi UFJ closing down 6%, SMFG also down 6% and Nomura shares tumbling 10.1%. Nikkei index heavyweight Fast Retailing sold off 5.8%

Prior to the BOJ decision, government data showed Japan's core consumer price index, which excludes fresh food prices, dropped 0.3% on-year in March. Reuters said economists' median estimate was for a 0.2% annual gain.

In company news, shares of Mitsubishi Motors advanced 6.4%Thursday, beating the main index, but remain down over 50% year-to-date.

On Wednesday, the company announced earnings for the financial year that ended in March 2016. Operating income was up 1.8% on-year to 138.4 billion yen ($1.2 billion U.S.), above expectations of 129.62 billion yen, according to a Thomson Reuters survey.

Mitsubishi, however, did not issue an earnings guidance for the current financial year.

Earlier in the week, the troubled Japanese automaker said an internal investigation found it had falsified mileage tests since 1991. But on Thursday, Reuters reported the automaker as saying its vehicles sold in the United States from 2013 have accurate mileage readings.

Smartphone maker Samsung Electronics reported an 11.7% on-year increase in first quarter operating profit to 6.68 trillion won ($5.82 billion U.S.). Operating profit of its mobile division was up from a year earlier to 3.89 trillion won, while operating profit for its semiconductor business fell from 2.93 trillion won in first quarter of 2015 to 2.63 trillion won.

Samsung shares closed down 2.7%

Elsewhere, early morning Thursday, the Reserve Bank of New Zealand (RBNZ) left its official cash rate unchanged at 2.25%

The Australian dollar was up 0.8% at $0.7650 U.S., after dropping close to 1.8% at one point in the Wednesday session following fresh probability of monetary easing from the Reserve Bank of Australia (RBA) after inflation unexpectedly fell.

Energy plays finished mixed, with Santos adding 3.5%,,Woodside Petroleum up 1%. Japanese oil stocks saw steep losses, with Inpex down 3%


The Shanghai CSI 300 index slumped 5.33 points, or 0.2%, to 3,160.58, Chinese mainland shares of Sinopec closing down 2.6%

In other markets;

In Taiwan, the Taiex Index doffed 89.18 points, or 1%, to 8,473.87

In Korea, the Kospi index retreated 14.47 points, or 0.7%, to 2,000.93

In Singapore, the Straits Times Index removed 12.42 points, or 0.4%, to 2,862.30

New Zealand’s NZX 50 recovered 39.58 points, or 0.6%, to 6,789.98

The ASX 200 restored 37.72 points, or 0.7%, to 5,225.43

<![CDATA[U.S. Q1 Growth Disappoints]]>Thu, 28 Apr 2016 09:13:00 EST out this morning suggest American economic growth nearly ground to a halt at the start of 2016.

Figures from the U.S. Bureau of Economic Analysis report the U.S. economy grew only 0.5% in the first quarter of the year. Tepid consumer spending, global headwinds, a struggling manufacturing sector and weak business investment all put the brakes on any progress.

Growth was even lower than economists' anemic expectations of 0.7%. It follows the very slow pace of growth of 1.4% in the last three months of last year.

The Federal Reserve acknowledged that the economy had slowed at its meeting earlier this week. It didn't raise interest rates Wednesday, citing low growth and that household spending had "moderated."

<![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]]><![CDATA[TSX Finishes Flat Thursday]]>Thu, 28 Apr 2016 04:25:00 EST, April 28, 2016

04:25 PM EST
TSX Finishes Flat Thursday

Apple Shunts Lower as Icahn Bails

Canadian stocks finished virtually unchanged Thursday, after fluctuating for much of the trading session, as gold producers rallied while Bombardier Inc. climbed after securing a $5.6-billion order for one of its airplanes.

The S&P/TSX Composite Index slumbered, but managed to finish Thursday within 1.23 points of breakeven to 13,886.43

The Canadian dollar gained 0.33 cents to 79.7 cents U.S.

Barrick Gold jumped 98 cents, or 4.7%, to $21.96, and Goldcorp rallied $1.16, or 5.1%, to $23.76, as gold producers headed for a two-year high. Gold prices got a surprise lift after the Bank of Japan opted against boosting stimulus, weakening the dollar. Gold for immediate delivery climbed as much as 1.1% in London.

Raw-materials producers jumped, as Constellation Software sank $29.90, or 5.8%, to a two-month low of $483.36, after posting first-quarter adjusted earnings of $2.95 a share, short of consensus estimates of $4.45.

Bombardier climbed three cents, or 1.5%, to $2.04, extending a July high, after landing a $5.6-billion deal based on list prices to sell at least 75 of its C Series jets to Delta Air Lines Inc. with an option to buy 50 more. Bombardier also reported a wider-than-estimated quarterly loss, while revenue was also short of analysts’ forecasts.

Potash Corp. of Saskatchewan Inc. slipped 92 cents, or 4%, to $22.17, after cutting its full-year profit forecast as fertilizer prices declined and China delayed signing key supply contracts. The forecast for potash production at the world’s second-largest producer of the fertilizer was also reduced. First-quarter sales and profit also slumped.

Suncor Energy Inc. rose 60 cents, or 1.7%, to $36.85, to help lift the benchmark’s energy producers after boosting its 2016 output target. The company reported a wider-than-estimated quarterly loss.

Among health-care concerns, Concordia Healthcare took a hit of $1.65, or 4.1%, to $38.41.

Tech issues were bruised as well, particularly, BlackBerry, which slid 19 cents, or 2.1%, to $8.99.

On the economic slate, Statistics Canada reported that average weekly earnings were $954.00 in February, up 0.3% from the previous month and up 0.4%, from 12 months earlier.


The TSX Venture Exchange sprang ahead 7.18 points to 665.14

Seven of the 13 TSX subgroups closed lower Thursday, with health-care and information technology each settling 1.7%, and consumer discretionary issues down 0.7%

The half-dozen gainers were led by gold, up 3.6%, materials ahead 2.1%, and utilities, gaining 0.8%


Selling accelerated among U.S. stocks at the close Thursday, as fresh declines in Apple weighed on the major averages.

The Dow Jones Industrials plummeted 210.79 points, or 1.2%, on the day Thursday to 17,830.76, with Apple leading all member stocks lower.

The S&P 500 sank 21.08 points, or 1%, to 2,074.07, with information technology leading nine sectors lower and consumer staples the only gainer.

The NASDAQ Composite Index went south 57.85 points, or 1.2%, to 4,805.29

Apple traded more than 3% lower in afternoon trade, following a more than 6% plunge Wednesday on disappointing earnings. Thursday came word that heavyweight investor Carl Icahn had divested himself of his once-hefty stake in the iPhone maker.

Facebook, on the other hand, traded about 8% higher after briefly rising rose more than 10.5% to hit a fresh all-time high in intraday trade.

Facebook reported quarterly earnings well above expectations on both the top and bottom line, helped by a sharp increase in mobile advertising revenue. The social media giant also proposed a new share structure.

Shares of clung to slight gains after earlier rising about 2% in afternoon trade ahead of its earnings due after the close.

In U.S. economic news, the first quarter U.S. GDP advance read was 0.5%, or the slowest pace since the first quarter of 2014.

Consumer spending increased at a 1.9% rate, the slowest since the first quarter of 2015 and down from the fourth quarter's 2.4% rate.
U.S. weekly jobless claims were 257,000.

The Bank of Japan maintained the pace of its asset purchase program and kept steady its 0.1% negative rate it applies to some deposits. The central bank also cut its inflation forecasts and again pushed back the timing for hitting its 2% price target by six months.

Prices for the 10-year Treasury regained lost ground, lowering yields to 1.82% from Wednesday’s 1.86%. Treasury prices and yields move in opposite directions

Oil prices added 36 cents a barrel to $45.69 U.S.

Gold prices gained $23.47 to $1,269.30 U.S. an ounce.

<![CDATA[Stocks in Play: BCE Inc. ]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

09:46 AM EST - BCE Inc. : Reported results for the first quarter of 2016. BCE operating revenue was up 0.6% in Q1 to $5,270 million. Net earnings attributable to common shareholders were $707 million, or $0.82 per share in Q1, up 32.9% and 30.2% respectively from $532 million or $0.63 per share last year. BCE Inc. (T.BCE) shares were up $0.03 at 58.23.

<![CDATA[Stocks in Play: Sandvine Corporation]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

09:47 AM EST - Sandvine Corporation : Announced that Sandvine's universal Policy and Charging Rules Function (PCRF) continues to gain momentum, having been recently selected by operators around the globe, including in Asia-Pacific, EMEA, Latin America, and North America. The most recent deployment is at Paratus Telecom in Namibia, who selected Sandvine in February this year to enable a diverse set of subscriber services on their newly launched LTE network. Sandvine Corporation (T.SVC) shares were up $0.05 at 2.8.

<![CDATA[Stocks in Play: Theralase Technologies Inc.]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

09:48 AM EST - Theralase Technologies Inc. : Has extended its Sponsored Research Agreement with University Health Network, one of the top five cancer research institutes in the world. Theralase Technologies Inc. (V.TLT) shares were unchanged at 0.37.

<![CDATA[Stocks in Play: RDM Corporation]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

09:49 AM EST - RDM Corporation : Reported its financial results for the three months ended March 31, 2016. All financial results are reported in thousands of U.S. dollars. Total revenue was $5,139 compared to $5,758. Net income was $669 compared to $789. RDM Corporation (T.RC) shares were down $0.15 at 4.4.

<![CDATA[Stocks in Play: QHR Corporation]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

11:56 AM EST - QHR Corporation : Announced financial results for its year ended December 31, 2015.The Company also reported a 26% increase in recurring revenue run rate to $26.4 million at the end of Q4 2015 compared to $20.9 million at the end of Q4 2014. Fiscal 2015 revenue was $28.2 million compared to $25.0 million in fiscal 2014. Net earnings for the quarter ended December 31, 2015 for continuing operations were $318,070, compared to a loss of $867,612 for Q4 2014. QHR Corporation (V.QHR) shares were up $0.02 at 1.74.

<![CDATA[Stocks in Play: GWR Global Water Resources Corp.]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

11:57 AM EST - GWR Global Water Resources Corp. : Has obtained a final court order approving the previously announced arrangement of the Company under the Business Corporations Act (British Columbia). The Arrangement was approved by shareholders of the Company at an annual and special meeting held on April 25. At the effective time of the Arrangement, the Company will merge with and into Global Water Resources, Inc. and, as a result, the Company will cease to exist as a British Columbia corporation and GWRI, governed under the laws of the State of Delaware, will be the surviving entity of the merger. GWR Global Water Resources Corp. (T.GWR) shares were up $0.04 at 8.54.

<![CDATA[Stocks in Play: Absolute Software Corporation ]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

00:0 PM EST - Absolute Software Corporation : announced the release of Endpoint Data Discovery, a new feature within Absolute Data & Device Security that allows organizations to identify and protect sensitive data stored on an endpoint. Absolute Software Corporation (T.ABT) shares were up $0.04 at 6.95.

<![CDATA[Stocks in Play: First Mining Finance Corp.]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

03:16 PM EST - First Mining Finance Corp. : And Brionor Resources Inc. announced the successful completion of the previously announced acquisition by First Mining of the "Pitt Gold Property" from Brionor. The total consideration paid by First Mining for the Pitt Gold Acquisition was $1,250,000, of which $250,000 was paid in cash and $1,000,000 was satisfied through the issuance of 2,535,293 First Mining common shares (based on the 20-day VWAP as at the date of execution of the purchase agreement). First Mining Finance Corp. (V.FF) shares were up $0.03 at 0.69.

<![CDATA[Stocks in Play: Brionor Resources Inc.]]>Thu, 28 Apr 2016 09:46:05 EST, April 28, 2016

03:17 PM EST - Brionor Resources Inc. : And First Mining Finance Corp. announced the successful completion of the previously announced acquisition by First Mining of the "Pitt Gold Property" from Brionor. The total consideration paid by First Mining for the Pitt Gold Acquisition was $1,250,000, of which $250,000 was paid in cash and $1,000,000 was satisfied through the issuance of 2,535,293 First Mining common shares (based on the 20-day VWAP as at the date of execution of the purchase agreement). Brionor Resources Inc. (V.BNR) shares were unchanged at 0.02.

<![CDATA[Shares Of Titan Logix Gain Even After Lousy Q2 Results]]>Thu, 28 Apr 2016 03:13:00 EST, April 28, 2016

Shares Of Titan Logix Gain Even After Lousy Q2 Results

The first-quarter earnings season is well underway. This week saw some major S&P 500 components report their first-quarter results. On Wednesday, Facebook Inc. (NASDAQ:FB) surprised the market with a significant earnings beat. Facebook shares, not surprisingly, have surged in trading today.

FB shares rose to a 52-week high of $120.79 earlier today before paring some of their gains. At last check, the stock was trading more than 8% higher at around $117.70. Despite FB’s earnings beat and rally, the technology sector is down today.

In fact, the sector is the worst performer in the S&P 500 today. The pullback in the tech sector is mainly due to the fact that Apple Inc. (NASDAQ:AAPL) shares are struggling. The stock was down almost 1%, at last check.

But there are also some gainers in the tech space today. Titan Logix Corp. (TSX-Venture:TLA) is one of those gainers. Based in Canada, Titan Logix specializes in research and development (R&D), manufacturing and marketing of technology fluid management solutions.

TLA shares were last trading 3.03% higher at $0.680 on volume of 1,100. Despite the gains today, TLA shares are still trading almost 50% below their 52-week high of $1.35.

TLA shares have edged higher in trading today after the company reported its financial results for fiscal 2016. For the second quarter, TLA reported revenue of $945,112, down from $3.95 million reported for the same period in the previous year.

TLA attributed the substantial decline in revenue to the slowdown in crude oil trailer manufacturing, which was caused by the drop inoil prices.

TLA’s net loss in the second quarter was $658,805, or $0.03 per diluted share. This compares to net earnings of $1 million or $0.04 per share reported for the same period in the previous year.

TLA noted that it continues to maintain its market share, however, within a significantly downsized new tanker market. The company believes that until crude prices recover to a level that stimulates increased oil rig activity in North America, the demand for its primary products is expected to remain depressed.

The company though noted that the demand for its proprietary TD80/Finch II/RCM technologies continue to be widely accepted which facilitates existing trailer retrofit sales, which are an ongoing opportunity.

Douglas Carruthers, CEO at Titan Logix, said that TLA’s team of dedicated and experienced professionals coupled with its excellent product quality and service reputation is a solid foundation from which to build.

<![CDATA[Loonie Enjoying Current Environment]]>Thu, 28 Apr 2016 09:29:44 EST
Experts expect a range today of $1.2535 to $1.2621 Canadian

The euro is flat from yesterday’s close at $1.4256 Canadian. Economic fundamentals in April released out of Germany this morning and they were mainly in line with expectations. German Unemployment Rate held at 6.2%, Unemployment Change shrank to -16,000 and Consumer Price Index data printed as expected at -0.2% m/m and 0.1% y/y. Second tier data in the euro-zone for the month of April also printed including Economic, Industrial, Services and Consumer Confidence, which all printed better than expected.

Observers expect a range today of $1.4217 to $1.4308 Canadian

The pound sterling is strong from yesterday’s close at $1.8314 Canadian. Nationwide House Prices in April released worse than expected at 0.2% m/m and 4.9% y/y, however, the sterling still managed to make some ground and gain 25 basis points.

The Australian dollar has been steady overnight to trade within a tight range of $0.9560 to $0.9595 Canadian. The Aussie took a 200-point hit early this week as surprisingly weak inflation data has opened the door to possible rate cuts from the Reserve Bank of Australia. The New Zealand dollar is slightly higher changing hands at 0.8740 this morning. Yesterday, the Reserve Bank of New Zealand announced no change to its official interest rate at 2.25%. The accompany comments from the RBNZ were more hawkish than expected providing a boost the kiwi.

Oil (WTI): $45.32

Gold: $1,255.72

Silver: $17.32

Copper: $2.2358

Dollar Index: 93.90]]>
<![CDATA[Top Analyst Action: RS, X, RMD, AAL, ALR]]>Thu, 28 Apr 2016 04:42:58 EST<![CDATA[First Solar (FSLR) Down on Missing Sales Targets]]>Thu, 28 Apr 2016 11:55:00 EST<![CDATA[American Electric Power (AEP) Down on Need for Fed Approval ]]>Thu, 28 Apr 2016 11:53:09 EST<![CDATA[FirstEnergy (FE) Tumbles Ahead of Federal Nod]]>Thu, 28 Apr 2016 11:49:00 EST<![CDATA[Symantec (SYMC) Off With Lower Q4 Forecast]]>Thu, 28 Apr 2016 11:46:55 EST<![CDATA[Sanofi (SNY) Fals on Buying Medivation]]>Thu, 28 Apr 2016 11:44:35 EST<![CDATA[Medivation (MDVN) Jumps as Sanofi Buys]]>Thu, 28 Apr 2016 11:42:34 EST<![CDATA[BCE (BCE) Gains on Q1 Numbers]]>Thu, 28 Apr 2016 11:39:35 EST<![CDATA[Infinera (INFN) Stumbles on Q1 Earnings]]>Thu, 28 Apr 2016 11:14:17 EST<![CDATA[Adamas Pharmaceuticals (ADMS) Down on Results]]>Thu, 28 Apr 2016 11:10:58 EST