BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2014 Baystreet.ca Inc. All rights reserved. 4/18/2014 7:15:57 PM <![CDATA[Innovente "OUTPERFORM"]]>Thu, 17 Apr 2014 08:03:54 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?17831<![CDATA[Gold set for weekly loss]]>Thu, 17 Apr 2014 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=484Thursday, April 17, 2014


Gold set for weekly loss


Gold futures traded mostly lower on Thursday, prices dipping below $1,300 U.S. an ounce as some upbeat U.S. economic data helped dull the safe-haven appeal of the precious metal.

Gold for June delivery fell $4.50, or 0.4%, to $1,299 U.S. an ounce on the Comex division of the New York Mercantile Exchange after tacking on 0.2% in the previous session. With trading on Comex closed for Good Friday, the metal was set to end the week with a loss of 1.5%.

May silver, meanwhile, edged down five cents, or 0.3%, to $19.59 U.S. an ounce, trading 1.8% lower on the week.

Gold prices lost more ground immediately after news that weekly jobless claims stuck to their lowest level since 2007, then slipped under $1,300 U.S. an ounce after a report showing that manufacturing in the Philadelphia region strengthened in April.

From here, analysts said gold traders will keep a close eye on the dollar and developments in Ukraine.

Dollar-denominated gold prices often trade inversely to the U.S. dollar. At last check, the ICE U.S. Dollar Index traded lower than a day earlier, but was set for a gain on the week.

Foreign ministers from Russia, Ukraine, the U.S. and European Union began talks in Geneva in an effort to ease tensions between Kiev and Moscow.

Meanwhile, Russian President Vladimir Putin accused the Ukrainian government of committing a "serious crime" by sending in troops to deal with unrest in eastern Ukraine, resulting in a clash that left three pro-Russian protesters dead and 13 wounded.

Back on Comex, May high-grade copper looked to extend gains from Wednesday, adding about a penny to $3.04 U.S. a pound. Prices were down about 0.1% on the week.

July platinum traded at $1,439.60 U.S. an ounce, up $1.80, or 0.1%, trading around 1.6% lower on the week, while June palladium inched down by $3.85, or 0.5%, to $798.45 U.S. an ounce, down about 1% for the week.

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<![CDATA[Nokia suspends European tablet sales ]]>Thu, 17 Apr 2014 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=441Thursday, April 17, 2014

Nokia suspends European tablet sales


Nokia (NYSE: NOK) has suspended sales of its Lumia 2520 tablet in some European countries while it fixes a fault with charger units which it said on Thursday could pose a risk of causing an electric shock.

Nokia said there was a risk that the plastic cover of certain AC-300 charger units manufactured by a third party could come loose and separate, exposing certain internal components that could cause an electric shock if touched when the plug remains in a socket.

The warning applies to about 30,000 chargers including 600 accessory travel chargers sold in the United States. Nokia said there have been no confirmed consumer incidents due to their use.

The Lumia 2520 tablet was among the last products Nokia developed before deciding to sell its phone and devices unit to Microsoft in a deal that is due to close in April.

Trading in Nokia American Depositary Shares in New York, were not adversely affected. The ADS were up nine cents, or 1.2%, in early Thursday trading, to $7.39 U.S., in a 52-week trading range from $3.02 U.S. to $8.20 U.S.

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<![CDATA[Economic Calendar]]>Fri, 18 Apr 2014 07:15:57 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=94April 2014
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Thursday, April 03, 2014 Canadian international merchandise trade: 8:30am Feb Statistics Canada reported this morning that Canada's merchandise exports grew 3.6% and imports were up 2.1% in February. As a result, our trade balance with the world swung from a deficit of $337 million in January to a surplus of $290 million in February. Canada's merchandise imports declined 1.6% while exports edged up 0.2% in January. As a result, Canada's trade deficit with the world narrowed from $922 million in December to $177 million in January.
Friday, April 04, 2014 IVEY purchasing managers index: 10:00am Mar Western University’s Ivey School of Business reported that its Purchasing Managers’ Index stood at 55.2 for March, compared to 57.2 in February and 61.6 for March 2013. The index asks purchasing managers if their buying activity increased or slumped the month before. A figure above 50 shows an increase while below 50 shows a decrease. The Ivey Purchasing Managers Index (PMI) by the end of February 2014 stood at 57.2, ahead of the 56.8 figure for January, 51.1 for February 2013 and 66.5 for February 2012
Friday, April 04, 2014 Labour Force Survey: 7:00am Mar Employment increased by 43,000 in March, driven by gains among youths. The unemployment rate declined 0.1 percentage points to 6.9%. Employment was little changed in February, and the unemployment rate remained at 7.0%. There has been little overall employment growth in Canada since August 2013.
Tuesday, April 08, 2014 Housing Starts: 8:15am Mar Housing starts in Canada were trending at 184,476 units in March compared to 191,126 in February, according to Canada Mortgage and Housing Corporation (CMHC). Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts rose to 192,094 units last month from a upwardly revised 180,481 in January, topping economists' forecast for 189,500.
Tuesday, April 08, 2014 Building Permits: 8:30am Feb Municipalities issued building permits worth $6.1 billion in February, down 11.6% from January. This decrease followed an 8.1% gain the previous month and was mainly driven by lower construction intentions for multi-family dwellings in all provinces. The total value of building permits issued by Canadian municipalities rose 8.5% to $7.0 billion in January, following a 4.8% decrease in December.
Thursday, April 10, 2014 New Housing Price Index: 8:30am Feb The New Housing Price Index rose 0.2% in February, following a 0.3% increase in January. The New Housing Price Index rose 0.3% in January, following a 0.1% gain in December. The national increase was the largest since May 2012 and mainly the result of strong gains in the Prairie region.
Tuesday, April 15, 2014 CREAstats - MLS sales: 8:30am Mar According to figures released this morning by the Canadian Real Estate Association, national home sales rose 1% from February to March. Actual (not seasonally-adjusted) activity stood 4.9% above levels of March of last year. CREA also says the number of newly-listed homes edged up 0.5% between February and March. The Canadian Real Estate Association revealed that national home sales activity was little changed in February 2014 on a month-over-month basis. National home sales edged up 0.3% from January to February. Actual (not seasonally adjusted) activity stood 1.9% above February 2013 levels.
Tuesday, April 15, 2014 Monthly Survey of Manufacturing: 8:30am Feb Canadian manufacturing sales increased 1.4% to $51.2 billion in February. Manufacturing sales rose 1.5% to $50.4 billion in January, the largest gain since February 2013.
Wednesday, April 16, 2014 Canada's International Transactions in securities: 8:30am Feb Foreign investment in Canadian securities advanced $6.1 billion in February and was focused on corporate instruments. Canadian acquisitions of foreign securities came in at $6.0 billion. Canadian investors added $2.3 billion of foreign securities to their holdings in January, a fourth straight month of such investment. At the same time, foreign investors acquired $1.1 billion of Canadian securities, led by equities.
Wednesday, April 16, 2014 BoC rate announcement: 9:00am -- The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1 1/4% and the deposit rate is 3/4 of 1% The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1%. The Bank Rate is correspondingly 1 ¼% and the deposit rate is 3/4 of 1%.
Thursday, April 17, 2014 Consumer Price Index: 7:00am Mar The Consumer Price Index rose 1.5% in the 12 months to March, following a 1.1% increase in February. Consumer prices rose 1.1% in the 12 months to February, following a 1.5% increase in January. On a seasonally adjusted monthly basis, the Consumer Price Index rose 0.3% in February, following a 0.2% gain in January.
Thursday, April 17, 2014 Employment Insurance: 8:30am Feb Following a decline in January, the number of people receiving regular Employment Insurance benefits was little changed in February at 506,500. Compared with 12 months earlier, the number of beneficiaries was down 4.9%. In January, 502,500 people received regular Employment Insurance (EI) benefits, down 1.9% (-9,900) from the previous month.
Tuesday, April 22, 2014 Wholesale trade: 8:30am Feb --- Wholesale sales rose 0.8% to $50.0 billion in January, following a decline in December. Gains were recorded in all subsectors except motor vehicle and parts. Excluding this subsector, wholesale sales rose 1.4%.
Wednesday, April 23, 2014 Retail Trade: 8:30am Feb --- Retail sales rose 1.3% to $40.7 billion in January, partially offsetting the decline in December. Gains were reported in seven of 11 subsectors, representing 83% of total retail sales.
Wednesday, April 30, 2014 Raw Materials Price Index: 8:30am Mar --- The Raw Materials Price Index (RMPI) increased 5.7%, led by crude energy products.
Wednesday, April 30, 2014 Industrial Product Price Index: 8:30am Mar --- The Industrial Product Price Index (IPPI) rose 1.0% in February, mainly because of higher prices for energy and petroleum products.
Wednesday, April 30, 2014 GDP: 8:30am Feb --- Real gross domestic product rose 0.5% in January. This follows a 0.5% decline in December after five consecutive monthly increases.
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<![CDATA[Young man charged in Heartbleed SIN theft]]>Thu, 17 Apr 2014 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1112Young man charged in Heartbleed SIN theft


The lawyer of a 19-year-old London, Ont., man charged with exploiting the Heartbleed bug to steal over 900 SIN numbers says his client has been devastated by the arrest.

Stephen Arthuro Solis-Reyes, a student at Western University and the son of Roberto Solis-Oba who teaches computer science at Western, was arrested late Tuesday afternoon. The RCMP says Solis-Reyes is charged with one count of unauthorized use of a computer and one count of mischief in relation to data.

Joseph said his client was too emotional to speak about the charges against him on Tuesday, and police haven’t told him anything, either.

"I don’t have any evidence," he said.

Joseph said Solis-Reyes voluntarily turned himself in to police on Tuesday after officers threatened to arrest him in the middle of one of his classes. Days earlier, Joseph said, RCMP officers served a warrant at Solis-Reyes’s house at around 1 a.m., but left without advising of a charge.

"He didn’t hear anything until yesterday," Joseph said, adding his client feels "sucker-punched."

Joseph also alleges police kept Solis-Reyes in custody for over five hours without access to a lawyer on Tuesday, something he said he’ll file a complaint about.

Solis-Reyes is set to appear in an Ottawa court on July 17, when the RCMP is set to lay out its case against him.

Until then, Joseph said, Solis-Reyes’s family has been "absolutely devastated" by the charges.

The RCMP allege that Solis-Reyes was able to extract the private information from the Canada Revenue Agency by exploiting the Heartbleed security vulnerability in the OpenSSL encryption software used by many internet servers.

Computer equipment was seized from Solis-Reyes’s home, the RCMP said.

The CRA temporarily shut down some access to its website late on April 8 in response to security concerns about the Heartbleed bug. This security flaw in its website encryption left it vulnerable to hackers.

The CRA says it realized last Friday that 900 social insurance numbers had been stolen during a six-hour attack. The agency notified the privacy commissioner on Friday and referred the matter to the RCMP. But the breach was only made public on Monday.

On Wednesday, Communications Security Establishment Canada, the government agency responsible for cybersecurity, said it learned of the Heartbleed bug when a global security alert went out — a full day before the federal government issued a public warning and parts of the Canada Revenue Agency website were temporarily shut down.

The RCMP said this week it had asked the CRA not to tell Canadians on Friday about the breach so the force could look into a "viable" lead in their investigation.

Solis-Reyes could face a maximum of 10 years in prison if found guilty.

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<![CDATA[Rally fades in Japan]]>Thu, 17 Apr 2014 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=1853Thursday, April 17, 2014

Rally fades in Japan



Asian stocks were mostly higher on Thursday, with Japan moderating after its strong gains in the previous session, while Australia was reassured by comments from the chairwoman of the U.S. Federal Reserve.

Japan’s Nikkei 225 dipped 0.15 points to 14,417.53,

In Japan, the Nikkei ended flat as the index stabilized after a 3% surge on Wednesday, which was the result of a softer local currency as well as supportive comments from the Bank of Japan governor.

The yen strengthened in Asian trade, and the dollar lost hold of the ¥102 mark that helped spark the stock gains in the previous session.

The yen went as low as ¥101.86 to the U.S. dollar, compared with ¥102.23 late Wednesday in New York, but was trading at ¥102.01 late in Asia.

The Hang Seng Index in Hong Kong gained 64.23 points, or 0.3%, to 22,760.24

Industrial and Commercial Bank of China rose 0.4% in Hong Kong and China Construction Bank was 0.9% higher.

Trading was thin in some markets, such as Australia and Hong Kong, that were about to enter a long Easter weekend.

In corporate news, Woodside Petroleum Ltd added 0.9% in Sydney after Australia’s second-largest oil production company reported a 16% rise in first-quarter production, though it mentioned that it continues to be frustrated in its efforts to complete a deal to buy part of a giant natural-gas discovery.

CHINA

The Shanghai CSI 300 slid 7.72 points, or 0.4%, to 2,224.80

Some Chinese banks were higher after the State Council, the country’s highest decision making body, said it was cutting reserve requirement ratios for county-level rural banks that "meet certain standards," which heightened expectations that larger banks could have their ratio reduced too--a move that would give banks more money to lend.

In other markets;

Taiwan’s Taiex Index took on 20.34 points, or 0.2%, to 8.944.16

Singapore’s Straits Times Index moved higher but 0.60 points to 3,253.80

Korea’s Kospi Index faded 0.16 points to 1,992.05

The New Zealand Exchange 50 index picked up 12.80 points, or 0.3%, to 5,103.35

In Australia, the S&P/ASX 200 gained 33.91 points, or 0.6%, to 5,454.23



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<![CDATA[Russia mulls lawsuit against U.S. ]]>Thu, 17 Apr 2014 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1114Russia is looking at the possibility of filing a lawsuit against the United States in the World Trade Organization over sanctions hitting Russian banks, Economy Minister Alexei Ulyukayev said on Wednesday.

St Petersburg-based Bank Rossiya was sanctioned alongside its chairman and largest shareholder Yuri Kovalchuk in March as part of punitive measures by Washington over Russia's annexation of Crimea.

Russian bank SMP was also indirectly affected as co-owners Boris Rotenberg and his older brother Arkady fell under U.S. sanctions. SMP chief executive Dmitry Kalantyrsky has said that an estimated nine billion rubles ($249 million U.S.) had been withdrawn after the sanctions were imposed.

In an April 9 bulletin on its website detailing a meeting regarding the council for trade in goods, the WTO said that Russia had expressed concern about a recent Executive Order signed by U.S. President Barack Obama regarding "listed persons of Russian Federation whose bank accounts were blocked".

Russia was "closely monitoring the effect of this measure on Russian operators and on the potential violation of WTO Agreements" and "urged other members not to be drawn to political motivations when it comes to trade," the WTO statement said.

The U.S. State Department said on Tuesday it anticipates more Ukraine-related sanctions on Russia but suggested no action was likely before a diplomatic meeting in Geneva this week.

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<![CDATA[IPO Center - TSX-V]]>Mon, 13 Jan 2014 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date RepliCel Life Sciences Inc. RP 13-01-2014 Cleantech Capital Inc. YES.P 14-01-2014 Jet Metal Corp. JET 20-01-2014 Reliance Resources Limited RI 22-01-2014 West African Resources Limited WAF 24-01-2014 Westcap Investments Corp. WI 12-02-2014 Sonde Resources Corp. SOQ 19-02-2014 QMX Gold Corporation QMX 20-02-2014 Knight Therapeutics Inc. GUD 28-02-2014 PC Gold Inc. PKL 11-03-2014 Silver Predator Corp. SPD 13-03-2014 Baja Mining Corp. BAJ 17-03-2014 IOU Financial Inc. IOU 17-03-2014 Rockefeller Hughes Corporation RHC 20-03-2014 Chrysalis Capital IX Corporation NYN 28-03-2014 Northern Sun Mining Corp. NSC 16-04-2014 Cliffside Capital Ltd. CEP 17-04-2014]]><![CDATA[TSX climbs on earnings data ]]>Thu, 17 Apr 2014 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=3179Thursday, April 17, 2014

04:38 PM EST
TSX climbs on earnings data

Energy stocks spike


WEEKLY MARKET WRAP UP


The Toronto stock market higher Thursday, even as investors played it cautious heading into the long Easter weekend and consolidate profits at the end of a positive week.

The S&P/TSX composite index gained 53.87 points, to end Thursday at 14,500.39

The Canadian dollar inched lower 0.01 cents at 90.79 cents U.S.

Among financials, insurer Manulife Financial added 29 cents to $20.66, and rival Sun Life Financial advanced 55 cents to $36.85.

Metals and mining stocks ended the week on an upward note, even though Teck Resources lost nine cents to $24.31

Shares of energy producers led the pack as Suncor Energy prospered 33 cents to $40.47, and Encana gained 14 cents to $25.78.

Stocks in the gold sector demurred, most notably Barrick Gold, which shed 38 cents to $19.81, and Goldcorp dropped 21 cents to $26.01.

On the economic schedule, Statistics Canada reported that its consumer price index rose 1.5% in the 12 months to March, following a 1.1% increase in February.

The agency also said that the number of those receiving regular Employment Insurance benefits was little changed in February at 506,500. Compared with 12 months earlier, the number of beneficiaries was down 4.9%.

Bank of Canada Governor Stephen Poloz said an interest rate cut is still a possibility even though the bank forecasts inflation will pick up speed this year and approach its 2% target.

A new poll out by Reuters shows Canada's economy will grow only modestly over the next two years and underperform the United States as high household debt levels and a cooling housing market restrain consumer spending.

ON BAYSTREET

The TSX Venture Exchange inched up 0.80 points to 998.77

Nine of the 14 Toronto subgroups were higher on the day, led by energy stocks, up 1.3%, metals and mining, up 0.7%, and financials, ahead 0.5%.

The five laggards were weighed by gold and consumer staple stocks, each down 0.7%, and health-care issues, down 0.6%.

ON WALLSTREET

Investors left for the long weekend today, leaving mixed signals behind

The Dow Jones Industrial Average surrendered 16.31 points to adjourn for Easter at 16,408.54

The S&P 500 gained 2.54 points to 1,864.85, and the NASDAQ composite index gained 9.29 to 4,095.52.

Both IBM and Google reported weaker than expected earnings last night, and they're being punished for it.

IBM is down more than 3%. "Big Blue" was a refuge when the momentum stocks relentlessly sold off last week, but not today.

Google is also down nearly 3%. Ad volume surged 26% in the most recent quarter. While that would be impressive for just about anybody else, Wall Street is now conditioned to see anything less than spectacular as mediocre when it comes to Google.

One technology company finishing the week with a bang: Sandisk surged nearly 10%. The memory chip maker for smartphones beat earnings and revenue targets for the first quarter. Sandisk also said it's boosting its gross margin expectations for this year.

Sandisk competitor Micron Technology recently told a similar story about memory chip demand in its latest earnings release.

But investors seemed to have had there fill with one stock: Chipotle. The stock surged 5% this morning, but is now lower. The restaurant chain missed earnings estimates but revenue came in higher than Wall Street had predicted, a sign that folks braved the wind and snow to get their burritos.

Banks are another bright spot today. Goldman Sachs is sharply higher after strongly outperforming Wall Street expectations, its investment banking revenue the highest it’s been since 2007.

Fellow financial Morgan Stanley is also having a good day after reporting that first quarter earnings surged 63% and revenues grew 10%.

The stock of retailer Sears Holdings is up sharply after an SEC filing shows that board member Thomas Tisch recently bought 475,000 shares.

China's Weibo rallied. It debuted on the NASDAQ earlier, but the microblogger had to cut its offering from 20 million shares to just under 17 million, raising less money than expected.

Prices for 10-year U.S. Treasuries dropped sharply, spiking yields to 2.72% from Wednesday’s 2.64%. Treasury prices and yields move in opposite directions.

Oil prices gained 68 cents to $104.44 U.S. a barrel.

Gold prices fell $8.90 to $1,294.60 U.S. an ounce.





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<![CDATA[Stocks in Play: IMRIS Inc.]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15492Thursday, April 17, 2014

09:52 AM EST - IMRIS Inc. : announced that a study published this month in the journal Neurosurgery by the neurosurgical team at Cleveland Clinic adds to growing clinical evidence which validates use of high-field intraoperative MRI (iMRI) as an effective tool for maximizing the amount of surgical resection of gliomas (brain tumours). IMRIS Inc. (T.IM) shares were unchanged at 1.45.

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<![CDATA[Stocks in Play: Ackroo Inc.]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15493Thursday, April 17, 2014

09:53 AM EST - Ackroo Inc. : announced today West Technology Group in St. Lucia has selected Ackroo to provide a stored value Fleet Card solution for their 22 gas station locations. Ackroo Inc. (V.AKR) shares were down $0.01 at 0.09.

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<![CDATA[Stocks in Play: Pure Industrial Real Estate Trust]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15494Thursday, April 17, 2014

09:54 AM EST - Pure Industrial Real Estate Trust : announced that its Board of Trustees has approved a cash distribution of $0.026 per trust unit for the month of April (equivalent to $0.312 per trust unit on an annualized basis). This distribution will be paid on May 15, to unitholders of record at the close of business on April 30. Pure Industrial Real Estate Trust (T.AAR.UN) units were unchanged at 4.82.

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<![CDATA[Stocks in Play: Avino Silver & Gold Mines Ltd.]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15495Thursday, April 17, 2014

09:55 AM EST - Avino Silver & Gold Mines Ltd. : reported its financial results for the year ended December 31, 2013. Revenues were $16,094,701 compared to $2,255,376 in 2012, an increase of 600%. Earnings for the year were $848,212, an increase of $2,111,390 from 2012. Avino Silver & Gold Mines Ltd. (V.ASM) shares were up $0.08 at 1.85.

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<![CDATA[Stocks in Play: Timberline Resources Corporation]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15496Thursday, April 17, 2014

11:52 AM EST - Timberline Resources Corporation : announced today that it has restructured its proposed acquisition of Wolfpack Gold Corp. and has executed an Amended Letter of Intent reflecting the revised terms. Timberline's acquisition of Wolfpack is expected to create a Nevada-focused gold exploration company with a substantial portfolio of quality assets in a world-class jurisdiction. Timberline Resources Corporation (V.TBR) shares were unchanged at 0.16.

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<![CDATA[Stocks in Play: Wolfpack Gold Corp]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15497Thursday, April 17, 2014

11:53 AM EST - Wolfpack Gold Corp : announced that Timberline Resources Corporation has restructured its proposed acquisition of Wolfpack and has executed an Amended Letter of Intent reflecting the revised terms. Timberline's acquisition of Wolfpack is expected to create a Nevada-focused gold exploration company with a substantial portfolio of quality assets in a world-class jurisdiction. Wolfpack Gold Corp (V.WFP) shares were unchanged at 0.09.

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<![CDATA[Stocks in Play: Mercator Minerals Ltd. ]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15498Thursday, April 17, 2014

11:54 AM EST - Mercator Minerals Ltd. : announced that it has received a final order from the Supreme Court of British Columbia and all necessary Canadian and U.S. governmental regulatory approvals with respect to the proposed business combination between Mercator and Intergeo MMC Ltd announced on December 12, 2013. Mercator Minerals Ltd. (T.ML) shares were unchanged at 0.1.

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<![CDATA[Stocks in Play: Kaminak Gold Corporation]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15499Thursday, April 17, 2014

03:38 PM EST - Kaminak Gold Corporation : announced additional, encouraging, column leach metallurgical results from bulk, course crush, surface oxide samples collected in 2013 at the Coffee Gold Project, 130 km south of Dawson City, Yukon. Gold recoveries between 85-88% were returned within a 100-150 day leach period from 6" crush samples collected from surface trenches at both Supremo and Latte. Corresponding samples crushed to 1" returned gold recoveries of 92% over the same period. No agglomeration was required. Kaminak Gold Corporation (V.KAM) shares were up $0.04 at 0.8.

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<![CDATA[Stocks in Play: Manitoba Telecom Services Inc]]>Thu, 17 Apr 2014 09:52:15 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=15500Thursday, April 17, 2014

03:39 PM EST - Manitoba Telecom Services Inc : announced that it will be expanding its fibre-to-the-home network, the MTS FiON® Network, to Oakbank, Manitoba later this year. This fibre-optic technology provides customers with the most advanced services MTS currently offers, including MTS Ultimate TV® and ultra-fast high-speed Internet. Manitoba Telecom Services Inc. (T.MBT) shares were down $0.05 at 30.26.

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<![CDATA[Memex Automation Making a Name for Itself in M2M Technology]]>Wed, 16 Apr 2014 03:43:03 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=732Wednesday, April 16, 2014

Memex Automation Making a Name for Itself in M2M Technology



Machine-to-machine technology, or M2M as it’s shortened, is steadily making its way into the marketplace. Commercials are popping up regularly on television programs talking about the Internet of Things, which is the phrase being used to liken the interconnectivity of machines to be able to communicate meaningful information through sensors and a network in the same manner that the Internet has delivered massive interconnectivity of people globally.

M2M has been on the horizon for years, but is starting to hit its stride. Infonetics Research estimates that the M2M analytics industry alone will grow 53 percent from $1.8 billion in 2013 to $14.3 billion in 2018. The research firm projects that M2M connections will surge from 220 million to 630 million across that same time.

M2M is going to be everywhere as the data that can be collected serves a litany of purposes to help companies gain a competitive edge and maximize efficiencies. Burlington, Ontario based Astrix Networks Inc. (TSX-Venture:OEE), which operates under the trade name Memex Automation Inc., helps companies to maximize productivity through M2M solutions. Astrix became a public entity on October 30, 2013 through a reverse takeover of GPS Investment Corp.

The company’s flagship offering is MERLIN, an acronym for "Manufacturing Enterprise Real-time Lean Information Network."

Those that follow economic reports are aware of the industrial production report each month released by the U.S. Federal Reserve that includes the closely-watched figure of capacity utilization. Capacity utilization is a measure of how much resources are being used by a company. The report for March was delivered on Wednesday, showing that capacity utilization climbed to 79.2% from 78.8% in February, indicating factory activity picked-up as firms used a larger portion of their total resources. Incidentally, March’s figure was the highest in nearly six years.

Memex Automation solutions measure overall equipment effectiveness, or "OEE," a measure of plant-wide capacity utilization. Using M2M, the metrics are delivered in real-time, giving operators the data they need to increase productivity and boost margins. The company has received many accolades for MERLIN, including Tuesday PEM awarding Memex the 2013 Plant Engineering & Maintenance Award for Best Company Under 50 Employees. Major clients and partners include Microsoft (NASDAQ:MSFT), OEM giant Mazak and Okuma America Corp.

Tuesday’s news was followed on Wednesday with Astrix disclosing the Club Coffee purchased $106,000 worth of MERLIN products. Based in Toronto, Club Coffee has been operating for 108 years as a high-quality custom coffee roaster, selling its brand across North America to leading names in the retail and food service sectors.

"MERLIN enables Club Coffee to understand the root causes of machine downtime and how to convert unutilized time into production," said David McPhail, Memex president and chief executive in a statement Wednesday. "This should signal to food processors and the sector that MERLIN can increase the efficiency of their operations by monitoring their machines in real-time and increasing overall profitability."

The news of the order isn’t doing anything for Astrix stock on Wednesday, with no trading activity and the stock price at 13.5 cents. Technically speaking, the stock has not dipped below this level since last November when it entered the public domain and has even bounced off of it to as high as 20 cents in March.

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<![CDATA[Loonie to trade within near-term range ]]>Thu, 17 Apr 2014 10:03:33 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=17838
The experts expect a range today of 1.0970 to 1.1030 Canadian

The euro is better supported this morning despite German Producer Price Index unexpectedly falling 0.3%. The continental currency is trading slightly higher from yesterday’s close and opened at 1.5234 Canadian this morning. General market sentiment and capital flows continue to support the euro.

Observers expect a range today of 1.5175 to 1.5280 Canadian

The pound sterling is trading higher after U.K. employment data came in better than expected, rising expectations that the Bank of England will increase interest rates. The market has now priced in a 90% chance of a rate hike in the next 12 months. The pound opened at 1.8485 Canadian this morning.

The Australian dollar is trading lower heading into next week’s Consumer Price Index release. The Aussie opened lower from yesterday’s close at 1.0285 Canadian.

The New Zealand is also softer but remains rangebound. Experts expect the kiwi to trade between 0.9403 and 0.9504 Canadian today.

Data Releases

CAD: Core CPI, CPI

AUD: No data today

EUR: German PPI

GBP: No data today

JPY: Consumer Confidence

NZD: No data today

USD: Consumer Confidence]]>
<![CDATA[Top Analysts Action: WTFC, NFLX, BAC, SCTY, AA]]>Thu, 17 Apr 2014 12:50:00 ESThttp://www.baystreet.ca/articles.aspx?id=26278<![CDATA[Morgan Stanley (MS) stronger with Q1 profit]]>Thu, 17 Apr 2014 12:35:58 ESThttp://www.baystreet.ca/articles.aspx?id=26277<![CDATA[Goldman Sachs Group (GS) gains with Q1 profit ]]>Thu, 17 Apr 2014 12:34:21 ESThttp://www.baystreet.ca/articles.aspx?id=26276<![CDATA[Google (GOOGL) falls on Q1 earnings]]>Thu, 17 Apr 2014 12:32:55 ESThttp://www.baystreet.ca/articles.aspx?id=26275<![CDATA[Mattel (MAT) slips on Q1 loss]]>Thu, 17 Apr 2014 12:31:35 ESThttp://www.baystreet.ca/articles.aspx?id=26274<![CDATA[International Business Machines (IBM) down on Q1 numbers]]>Thu, 17 Apr 2014 12:30:12 ESThttp://www.baystreet.ca/articles.aspx?id=26273<![CDATA[Net 1 UEPS Technologies (UEPS) drops ahead of Q3 results]]>Thu, 17 Apr 2014 12:28:47 ESThttp://www.baystreet.ca/articles.aspx?id=26272<![CDATA[Gogo (GOGO) gains on Morgan upgrade]]>Thu, 17 Apr 2014 11:07:55 ESThttp://www.baystreet.ca/articles.aspx?id=26271<![CDATA[Noble (NE) down despite Q1 results ]]>Thu, 17 Apr 2014 11:06:20 ESThttp://www.baystreet.ca/articles.aspx?id=26270<![CDATA[Baker Hughes (BHI) gains on Q1 numbers]]>Thu, 17 Apr 2014 11:04:38 ESThttp://www.baystreet.ca/articles.aspx?id=26269