BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2015 Baystreet.ca Inc. All rights reserved. 4/1/2015 5:15:07 PM <![CDATA[Blackpearl Resources "SPECULATIVE BUY"]]>Wed, 01 Apr 2015 07:53:11 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?21350<![CDATA[Oil extends gains as gasoline demand picks up]]>Wed, 01 Apr 2015 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=570Wednesday, April 01, 2015


Oil extends gains as gasoline demand picks up


Oil futures modestly extended gains after the U.S. Energy Information Administration said total gasoline inventories fell 4.3 million barrels in the week ended March 27 to 229.1 million.

Oil inventories, meanwhile, rose by 4.8 million barrels to 1.1624 billion.

While rising crude-oil inventories have been a weight on the market, the drawdown in gasoline inventories is helping to ease worries about supply constraints, according to some experts.

The decline is seen as a sign demand for crude may be more robust as refiners end their seasonal maintenance period, they said.

Nymex WTI crude for May delivery was up $1.40 at $49 U.S. a barrel, versus $47.95 U.S. ahead of report. Nymex May reformulated gasoline was up 4.34 cents, or 2.5%, at $1.8143 U.S. a gallon.

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<![CDATA[Music festivals banning "selfie sticks"]]>Tue, 31 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=538Tuesday, March 31, 2015

Music festivals banning "selfie sticks"


Concertgoers can bring their beach towels and floral headbands, but they should forget that selfie stick if they're planning to go to the Coachella or Lollapalooza music festivals.

The devices, which grasp cellphones to allow people to take pictures of themselves farther away from their faces, are banned at this summer's multiday festivals in Indio, California, and Chicago. Coachella dismissed them as "narsisstics" on a list of prohibited items.

Selfie sticks have become a popular but polemical photo-taking tool: Avid picture takers like snapping their own shots in front of monuments and sunsets, but critics dismiss them as obnoxious and potentially dangerous to others around them.

A spokeswoman for Coachella would not comment on the restriction. Lollapalooza representatives did not immediately return a request for comment.

Coachella and Lollapalooza are among dozens of popular events and landmarks taking a stand against the sticks.

In Europe, the Palace of Versailles outside Paris, Britain's National Gallery in London and the Colosseum in Rome have all banned selfie sticks, saying they need to protect exhibits on display and ensure the safety of visitors.

In the U.S., Ultra Music Festival in Miami, one of the world's largest electronic music festivals, also prohibited selfie sticks at last weekend's event.

Some concertgoers welcomed the decision, saying the sticks get in the way of seeing the stage and enjoying the concert.

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<![CDATA[Economic Calendar]]>Wed, 01 Apr 2015 05:15:06 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125April 2015
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Monday, March 02, 2015 RBC Manufacturing PMI: 9:30am Feb Adjusted for seasonal influences, the RBC Canadian Manufacturing PMI dropped from 51.0 in January to 48.7 in February, to signal a moderate deterioration in overall business conditions across the manufacturing sector. The RBC Canadian Manufacturing Purchasing Managers’ index (PMI), a measure of manufacturing business conditions, fell to a seasonally adjusted 51.0 last month from 53.9 in December.
Thursday, March 05, 2015 IVEY Purchasing Managers Index: 10:00am Feb The Ivey Purchasing Managers Index rolled out of London, Ontario’s Western University, showing a reading last month of 49.7. This compares to 45.4 in January, and 57.2 in February 2014. The Richard Ivey School of Business said its purchasing managers’ index fell to 45.4 last month from a reading of 55.4 in December.
Friday, March 06, 2015 Canadian International Merchandise Trade: 8:30am Jan Canada's exports declined 2.8% in January while imports were largely unchanged from December. As a result, Canada's merchandise trade deficit widened from $1.2 billion in December to $2.5 billion in January, the largest since the record $2.9-billion deficit in July 2012. Canada's imports increased by 2.3% in December and exports rose 1.5%. As a result, Canada's merchandise trade deficit with the world widened from $335 million in November to $649 million in December.
Friday, March 06, 2015 Building Permits: 8:30am Jan The total value of building permits issued by Canadian municipalities fell 12.9% to $6.1 billion in January, following a 6.1% increase the previous month. Contractors took out building permits worth $7.1 billion in December, up 7.7% from November. This followed a 13.6% decline the previous month.
Monday, March 09, 2015 Housing Starts: 8:15am Feb Canadian Mortgage and Housing Corp said the seasonally-adjusted annualized rate of housing starts fell to 156,276 units last month from a downwardly-revised 187,025 in January, or well short of the 180,000 economists had expected. Canada Mortgage and Housing Corporation reported this morning that housing starts rose to a seasonally adjusted 187,276 in January, increasing 4.3% compared to December
Thursday, March 12, 2015 New Housing Price Index: 8:30am Jan The New Housing Price Index fell 0.1% in January, largely as a result of lower negotiated selling prices. The New Housing Price Index posted a fourth consecutive 0.1% increase in December.
Friday, March 13, 2015 CREAstats - MLS Sales: 8:30am Feb The Canadian Real Estate Association told us this morning that MLS sales activity edged up 1.0% in February. Actual (not seasonally adjusted) activity stood 2.7% above February 2014 levels. The Canadian Real Estate Association reported that national home sales activity was down by 3.1% from December to January. Actual (not seasonally-adjusted) activity stood 2.0% below January 2014 levels.
Friday, March 13, 2015 Labour Force Survey: 7:00am Feb Employment was unchanged in February, while the unemployment rate rose by 0.2 percentage points to 6.8% as more people searched for work. Employment increased by 35,000 in January, the result of more part-time work. The unemployment rate declined 0.1 percentage points to 6.6%.
Monday, March 16, 2015 Canada's International Transactions in Securities: 8:30am Jan Canadian investors reduced their holdings of foreign securities by a monthly record $10.8 billion in January, following a $13.9 billion investment in December. Meanwhile, foreign investors resumed their acquisitions of Canadian securities by adding $5.7 billion worth to their portfolios. Foreign investors reduced their holdings of Canadian securities by $13.5 billion in December, led by sizable divestments in bonds and equities. Meanwhile, Canadian investors acquired $13.9 billion of foreign securities with the bulk of the activity in US instruments.
Tuesday, March 17, 2015 Monthly Survey of Manufacturing: 8:30am Jan Manufacturing sales fell 1.7% in January, led by a price-induced decline of 11.9% in sales of petroleum and coal products. Manufacturing sales rose 1.7% in December, despite a 9.3% drop in sales of petroleum and coal products.
Wednesday, March 18, 2015 Wholesale Trade: 8:30am Jan In January, wholesale sales recorded the largest monthly decline since January 2009, decreasing 3.1% to $53.7 billion, which more than offset the gain in December. Wholesale sales rose 2.5% to $55.4 billion in December.
Friday, March 20, 2015 Consumer Price Index: 7:00am Feb The Consumer Price Index rose 1.0% in the 12 months to February, matching the increase in January. On a seasonally adjusted monthly basis, the Consumer Price Index rose 0.2% in February, following a 0.2% decrease in January. Consumer prices rose 1.0% in the 12 months to January, following a 1.5% increase in December. On a seasonally-adjusted monthly basis, the Consumer Price Index declined 0.2% in January, matching the decrease in December.
Friday, March 20, 2015 Retail Trade: 8:30am Jan Retail sales decreased for the second consecutive month in January, declining 1.7% to $41.4 billion. Retail sales fell 2.0% to $42.1 billion in December, the largest decline since April 2010. Lower sales were reported in nine of 11 sub-sectors, representing 71% of retail trade.
Thursday, March 26, 2015 Employment Insurance: 8:30am Jan The number of people receiving regular Employment Insurance benefits totaled 496,600 in January, virtually unchanged from the previous month. Compared with January 2014, the number of beneficiaries decreased by 14,200 or 2.8%. Canadians receiving regular Employment Insurance benefits totaled 495,300 in December, up 0.7% from the previous month. Compared with December 2013, the number of beneficiaries decreased by 24,500 or 4.7%.
Monday, March 30, 2015 Industrial Product Price Index: 8:30am Feb The Industrial Product Price Index increased 1.8% in February, largely as a result of higher prices for energy and petroleum products. The Industrial Product Price Index declined 0.4% in January, largely as a result of lower prices for energy and petroleum products.
Monday, March 30, 2015 Raw Materials Price Index: 8:30am Feb The Raw Materials Price Index rose 6.1%, mainly because of higher prices for crude energy products. The Raw Materials Price Index decreased 7.7% in January, mainly because of lower prices for crude energy products.
Tuesday, March 31, 2015 GDP: 8:30am Jan Real gross domestic product edged down 0.1% in January after increasing 0.3% in December and declining 0.2% in November. Real gross domestic product (GDP) grew 0.6% in the fourth quarter, following a 0.8% gain in the third quarter. On a monthly basis, real GDP increased 0.3% in December.
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<![CDATA[Economy takes step backward ]]>Tue, 31 Mar 2015 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1339Economy takes step backward


It appears our economy moved into reverse to begin calendar year 2015.

Figures released by Statistics Canada this morning show Canada's gross domestic product shrank by 0.1% in January, a weak showing, but better than what economists had been expecting.

The agency said the service sector declined by 0.3% even as the goods-producing industry rose by 0.3%.

After shrinking in December, oil and gas production actually increased 2.6% in January as Canada's oil producers kept pumping oil despite low prices.

All the growth came from non-conventional oil and gas extraction (such as oilsands oil), which can be more volatile.

On the services side, just about everything was smaller, but the data agency attributed the drop to decreases in wholesale and retail trade and — to a lesser extent — in transportation and warehousing services, accommodation and food services.?

Still, the overall 0.1% contraction was better than the consensus of expectations, which was for a 0.2% contraction.

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<![CDATA[China stocks hit seven-year peak ]]>Wed, 01 Apr 2015 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2090Wednesday, April 01, 2015

China stocks hit seven-year peak



Chinese stocks jumped to a seven-year closing high on Wednesday, after two separate gauges of Chinese manufacturing activity in March both came in better than expected.

Japanese stocks built on earlier losses, after the Bank of Japan’s quarterly "tankan" survey of Japan’s big manufacturers showed business sentiment barely changed, missing forecasts.

In Japan, the Nikkei 225 index fell another 172.15 points, or 0.9%, to 19,034.84, after Tuesday’s triple-digit loss.

The yen fell against the U.S. dollar to ¥120.27, compared with ¥120.14 late Tuesday in New York.

The Hang Seng Index gained 181.86 points, or 0.7%, to 25,082.75, extending a three-session winning streak. The index marked its best close in nearly seven months.

CHINA

The Shanghai CSI 300 progressed 72.69 points, or 1.8%, to 4,123.90

Earlier in the day, China’s official manufacturing Purchasing Managers Index rose to 50.1 in March from 49.9 in February, back above the 50 mark dividing expansion from contraction. The result beat a forecast of a 49.8 gain in a Wall Street Journal survey.

On the same day, HSBC’s final reading of China’s manufacturing PMI for March was revised upward to 49.6, from a preliminary 49.2, also ahead of market expectations.

In other markets

The Taiex index in Taiwan subtracted 78.78 points, or 0.8%, to 9,507.66

In Singapore, the Straits Times Index eked up 0.01 points to 3,447.02

The Kospi index in Korea erased 12.58 points, or 0.6%, to 2,028.45

In New Zealand, the NZX 50 gained 1.60 points, or 0.03%, to 5,835.58

The S&P/ASX index slid 30.75 points, or 0.5%, to 5,860.75

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<![CDATA[Japan Mfg sentiment steady, says Tankan]]>Wed, 01 Apr 2015 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1345Sentiment among Japan's big manufacturers held steady in the first quarter but is expected to worsen in the current quarter, the Bank of Japan's Tankan survey showed on Wednesday.

The headline big manufacturers index remained unchanged from the previous quarter at +12, below expectations for a reading of +14 in a Reuters poll.

Looking ahead, the second-quarter outlook for big manufacturers came in at +10, below expectations for a reading of +16.

Sentiment among big non-manufacturers rose to +19 from +16 in the previous quarter, above expectations of +17. That marked the second straight quarter of improvement.

Japan is still recovering after a three-percentage-point consumption tax hike to 8% last April tipped the economy into a technical recession. While the economy escaped the recession in the final quarter of last year many remain skeptical on the governments ongoing efforts to spur the economy.

Meanwhile, the Bank of Japan's 2% inflation target is increasingly further away, raising expectations that it will have to undertake further stimulus measure to achieve the goals it set out nearly two years ago.

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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 Till Capital Ltd. TIL 24-04-2014 Redzone Resources Ltd. REZ 28-04-2014 Alabama Graphite Corp. ALP 05-05-2014 Jaguar Financial Corporation JFC 21-05-2014 Lingxian Capital Inc. LXC.P 23-05-2014 Tribute Pharmaceuticals Canada Inc. TRX 27-05-2014 Dataminers Capital Corp. DMC.P 29-05-2014 Transeastern Power Trust TEP.DB 02-06-2014 X-Terra Resources Inc. XTT 03-07-2014 Starlight U.S. Multi-Family (No.3) Core Fund SUS.UN 09-07-2014 Searchtech Ventures Inc. MJN.P 16-07-2014 Whiteknight Acquisitions III Inc. WKA 21-07-2014 Petro-Victory Energy Corp. VRY 24-07-2014 Geovic Mining Corp. GMC 28-07-2014 01 Communique Laboratory Inc. ONE 31-07-2014 Leucrotta Exploration Inc. LXE 19-08-2014 Cluny Capital Corp CLN 20-08-2014 Maestro Capital Corporation MCP 21-08-2014 Manera Capital Corp. MEA 28-08-2014 Mediterranean Resources Ltd. MNR 02-09-2014 Eastwood Bio-Medical Canada Inc. EBM 05-09-2014 Orletto Capital Inc. OLE 09-09-2014 Rodeo Capital III Corp. ROP 17-09-2014 Mira IV Acquisition Corp. MRY 24-09-2014 Xander Resources Inc. XND 25-09-2014 Maple Peak Investments Inc. MAP.P 01-10-2014 Campar Capital Corporation CHK 24-10-2014 Niocan Inc. NIO 28-10-2014 Groupe Bikini Village inc. GBV 13-11-2014 Aumento Capital V Corporation AMN 13-11-2014 BFK Capital Corp. BFK 17-11-2014 Marching Moose Capital Corp. MMC 19-11-2014 Chieftain Metals Corp. CFB 21-11-2014 Anchor Capital Corporation ANC 02-12-2014 Portofino Resources Inc. POR 05-12-2014 Mira VI Acquisition Corp. MVI 18-12-2014 NYX Gaming Group Ltd. NYX 30-12-2014 CohBar Inc. COB 06-01-2015 Riley Resources Corp. RLY.P 08-01-2015 POCML 3 Inc. PWR 15-01-2015 Essa Pharma Inc. EPI 27-01-2015 Carlaw Capital V Corp. CVC 05-02-2015 Lupaka Gold Corp. LPK 18-02-2015 Arch Biopartners Inc. ACH 23-02-2015 LL Capital Corp. LLA.P 04-03-2015 San Angelo Oil Limited SAO 10-03-2015 Aequus Pharmaceuticals Inc. AQS 17-03-2015 Dominion General Investment Corporation DIC.P 27-03-2015 EQ Inc. EQ 31-03-2015 Zincore Metals Inc. ZNC 31-03-2015]]><![CDATA[TSX finishes positive]]>Wed, 01 Apr 2015 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=4118Wednesday, April 01, 2015

04:33 PM EST
TSX finishes positive

Gold, energy top list




The Toronto stock market was higher Wednesday as rising oil and gold prices offset disappointing economic data south of the border.

The S&P/TSX composite index gained 40.11 points to close Wednesday at 14,942.55

The Canadian dollar improved 0.36 cents to 79.21 cents U.S.

Trading in the benchmark Canadian index, which recorded a gain of 1.9% in the first quarter, has been choppy in recent months because of volatility in commodity prices.

On the commodity markets, crude leaped even as U.S. government data showed crude oil inventories in the United States rose by 4.8 million barrels in the week ended March 27. That was more than the 4.2 million barrels expected by analysts and sent inventories to a record high for the 12th consecutive week.

Among energy plays, Canadian Natural Resources charged ahead 27 cents to $39.09 and Suncor picked up 24 cents to $37.25

Gold also rose sharply, with the June bullion contract up.

Barrick Gold galloped $1.33, or 9.6%, to $15.18, while Agnico Eagle Mines tacked on $2.94, or 8.4%, to $38.13.

Consumer staples were also stronger with Empire Company growing $2.45, or 2.8%, to $90.76.

Industrial stocks were ailing, however, with Air Canada pointing downward 48 cents, or 3.9%, to $11.91.

The RBC Canadian Manufacturing Purchasing Managers' index hinted at a slowdown in business conditions across the Canadian manufacturing sector in March.

At 48.9, up from 48.7 in February, the seasonally-adjusted PMI posted below the neutral 50 value for the second month running. This represents the first back-to-back deterioration in overall business conditions in the survey's four-and-a-half year history.

ON BAYSTREET

The TSX Venture Exchange poked up 1.25 points to 681.32

Nine of the 14 Toronto subgroups were higher, with gold shining 5.5% brighter, materials stronger by 2.7%, and energy gushing 1.2%

The five laggards were weighed most by industrial and consumer discretionary stocks, down 0.4% each, and global base metals, off 0.3%.

ON WALLSTREET

U.S. stocks closed lower on Wednesday as investors weighed softness in economic data ahead of Friday's important jobs report.

The Dow Jones Industrials remained negative 77.95 points to 17,698.18, with Wal-Mart leading decliners.

The S&P 500 dropped 8.20 points to 2,059.69. The NASDAQ plummeted 20.66 points to 4,880.23.

Auto sales showed a seasonally adjusted rate of 17.15 million in March, above expectations of an increase to 16.9 million from 16.2 million.

Ford reported a less-than-expected decline of 3.4% for March.Chrysler sales increased 1.7%, about one percent below expectations.
General Motors reported a greater-than-expected decline of 2.4%. Toyota's U.S. sales beat estimates slightly, showing growth of 4.9%

GoDaddy closed at $26.15 U.S. a share in its first day of trade under the symbol "GDDY." The website hosting service announced late on Tuesday that its initial public offering will price at $20 U.S. per share, valuing the company about $4.5 billion U.S.

McDonald's announced in the afternoon that it is raising pay by more than 10% for about 90,000 workers at corporate-owned locations.

Delta Air Lines became the first U.S. airline to partner with Alibaba Group's affiliate Ant Financial to accept payment for flight tickets through Alipay.

Time Warner's Turner Broadcasting and HBO reached separate distribution agreements with Dish Networks, Time Warner told CNBC on Wednesday. HBO is expected to launch its on-demand video service through Apple within the next two weeks.

Amazon has unveiled a WiFi connected device called a "Dash Button," allowing consumers to order products from brands like Dash, Huggies, and Gillette merely by pressing the button. The offer is only open to Prime members who receive an email invitation.

Investors are also preparing for a shorter week due to the Easter vacation; stock markets are also closed for Good Friday this week and bond markets close early.

The ADP Employment Report showed an increase of 189,000 in monthly American private payrolls, below expectations of a modest rise to around 225,000.

ISM posted 51.5 for March, the weakest level on this indicator since last May. Construction spending fell 0.1% in February, for a second straight month of decline.

Growth in the U.S. manufacturing sector rose to a five-month high in March as output and employment gained, according to an industry report released on Wednesday.

Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers' Index rose to 55.7 in March from 55.1 in February and to its highest since October, when the PMI was 55.9. It also came above the preliminary reading of 55.3.

In an encouraging sign that the housing market is picking up with the onset of spring, weekly mortgage application volume increased 4.6% on a seasonally adjusted basis, the Mortgage Bankers Association said.

Prices for 10-year U.S. Treasuries spiked, lowering yields to 1.87% from Tuesday’s 1.93%. Treasury prices and yields move in opposite directions.

Oil prices moved higher $1.98 to $49.58 U.S.

Gold prices jumped $21.20 to $1,204.40 U.S.





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<![CDATA[Stocks in Play: Metro inc.]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17725Wednesday, April 01, 2015

09:53 AM EST - Metro inc. : intends to purchase for cancellation, on or before September 9, up to 5,250,000 of its Common Shares pursuant to private agreements between Metro and several arm's-length third-party sellers. These purchases will be made pursuant to three issuer bid exemption orders issued by the Ontario Securities Commission. Metro inc. (T.MRU) shares were down $0.84 at 33.48.

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<![CDATA[Stocks in Play: COM DEV International Ltd.]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17726Wednesday, April 01, 2015

09:54 AM EST - COM DEV International Ltd. : announced an agreement to acquire Pacific Wave Systems, a leading manufacturer of waveguides for the global satellite industry, for $20.1 million U.S. Founded 25 years ago in Garden Grove, California, PWS has a solid track record of quality and delivery, and relationships with most of the large satellite prime contractors. COM DEV International Ltd. (T.CDV) shares were up $0.09 at 4.4.

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<![CDATA[Stocks in Play: Absolute Software Corporation]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17727Wednesday, April 01, 2015

09:54 AM EST - Absolute Software Corporation : announced its attendance at this year's RSA Conference at the Moscone Center in San Francisco from April 20-24. Absolute Software Corporation (T.ABT) shares were down $0.01 at 10.11.

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<![CDATA[Stocks in Play: Aquila Resources Inc. ]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17728Wednesday, April 01, 2015

09:55 AM EST - Aquila Resources Inc. : announced today that it has closed a previously announced financing transaction with Orion Mine Finance including a private placement and a silver purchase agreement for total funding of $20.75 million U.S. Proceeds from the Transaction will be used to fund the next stage of development at Back Forty, including the completion of permitting activities, a feasibility study and additional exploration. Aquila Resources Inc. (T.AQA) shares were unchanged at 0.17.

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<![CDATA[Stocks in Play: Spectral Medical Inc. ]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17729Wednesday, April 01, 2015

11:29 AM EST - Spectral Medical Inc. : completed its previously announced offering of 11,049,464 common shares at a price of $0.553 per share for net proceeds of $6,110,353. Spectral Medical Inc. (T.EDT ) shares were up $0.06 at 0.94.

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<![CDATA[Stocks in Play: Trillium Therapeutics Inc. ]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17730Wednesday, April 01, 2015

11:30 AM EST - Trillium Therapeutics Inc. : announced that it has priced an underwritten public offering of 1,522,395 common shares and 1,077,605 non-voting convertible preferred shares at a price of $19.50 U.S. per share for aggregate gross proceeds of $50.7 million U.S. before deducting underwriting discounts and commissions and other offering expenses. Trillium Therapeutics Inc. (T.TR) shares were up $3.85 at 29.6.

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<![CDATA[Stocks in Play: Bonterra Energy Corp.]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17731Wednesday, April 01, 2015

11:32 AM EST - Bonterra Energy Corp. : announced that the March monthly cash dividend will be $0.15 per share and will be paid on April 30. The record date for the dividend is April 15, and the ex-dividend date is April 13. The dividend is paid monthly and is subject to commodity prices and production levels. Bonterra Energy Corp. (T.BNE) shares were up $0.17 at 34.08.

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<![CDATA[Stocks in Play: Altius Minerals Corporation]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17732Wednesday, April 01, 2015

11:33 AM EST - Altius Minerals Corporation : says its investment arm and 2260761 Ontario Incorporated jointly announced today that AIL has acquired from 226 beneficial ownership of 5,328,500 common shares of Kobex Capital Corp., a Canadian investment issuer based in Vancouver. As a result of this transaction, AIL owns 5,328,500 common shares, or approximately 11.71% of the presently issued and outstanding common shares of Kobex (on a non-fully diluted basis) and 226 no longer owns any securities of Kobex. Altius Minerals Corporation (T.ALS) shares were up $0.50 at 13.16.

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<![CDATA[Stocks in Play: Intertainment Media Inc. ]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17733Wednesday, April 01, 2015

03:46 PM EST - Intertainment Media Inc. : announced that its language services division, branded TranzActive, under its partnership with Yappn Corp., which has been engaged to supply certain technologies to Digital Widget Factory has now launched over 40 multilingual content and revenue sites in the online market through its global distribution network. Intertainment Media Inc. (V.INT) shares were up $0.005 at 0.06.

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<![CDATA[Stocks in Play: Wealth Minerals Limited. ]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17734Wednesday, April 01, 2015

03:46 PM EST - Wealth Minerals Limited. : has entered into a letter of intent with Coronet Metals Inc. to negotiate, on an exclusive basis, an agreement to acquire Coronet's Peruvian subsidiary, which subsidiary holds a 100% interest in the advanced stage Yanamina Gold Project, Peru. Yanamina consists of five mining concessions located in the Department of Ancash, Peru. Wealth Minerals Limited. (V.WML) shares were up $0.02 at 0.27.

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<![CDATA[Stocks in Play: ect on Wednesday, April 1, for an initial seven-ye]]>Wed, 01 Apr 2015 09:53:01 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17735Wednesday, April 01, 2015

03:47 PM EST - ect on Wednesday, April 1, for an initial seven-ye : announced today they have successfully completed the transition and are currently providing all air cargo services to Canada Post and Purolator across Canada. The previously announced Domestic Air Cargo Network Services contract came into full effect on Wednesday, April 1, for an initial seven-year term, with extension options providing up to nine additional years. Cargojet Inc (T.CJT) shares were up $0.27 at 27.1.

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<![CDATA[Fission Uranium Announces Offering]]>Wed, 01 Apr 2015 03:05:44 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=926Wednesday, April 01, 2015

Fission Uranium Announces Offering



Uranium prices have remained under $40 per pound since the start of this year, nearly 50% below the levels they traded before the Fukushima power plant disaster in Japan four years ago.

The nuclear power plant accident, caused by an earthquake and tsunami, had led to the shutdown of all nuclear reactors in Japan. In 2012, the then Japanese government even considered completely phasing out nuclear from Japan’s energy mix.

This, not surprisingly, had a negative impact on uranium prices. Before Fukushima, nuclear accounted for nearly a third of Japan’s energy mix. If Japan completely phased out nuclear from its energy mix, it would have had a significant impact on uranium demand.

Although public opinion has been against nuclear, the new Japanese government believes that nuclear has a future in Japan. In fact, the country will be restarting its nuclear reactors in a phased manner after necessary safety checks. This has improved the outlook for uranium. Another factor is China. The world’s second-largest economy is expected to make significant investments in nuclear energy as it looks to cut down reliance on dirty coal.

Indeed, many analysts expect uranium prices to regain the pre-Fukushima levels. However, the near-term outlook remains bearish as spot prices are likely to remain at current depressed levels due to oversupply.

Still, the improving long-term outlook for uranium prices augurs well for uranium miners such as Fission Uranium Corp. (TSX:FCU). The Kelowna, British Colombia-based Company is focusing on the exploration and development of the Patterson Lake South uranium property.

Earlier today, FCU announced that it signed a letter of engagement with Dundee Securities Ltd. under which a syndicate of underwriters led by Dundee agreed to acquire 10,000,000 flow-through common shares of FCU on a "bought-deal"basis. The shares will be acquired by the syndicate, which includes BMO Capital Markets, Macquarie Capital Markets Canada Ltd., Raymond James Ltd., and TD Securities Inc., at a price per Flow-Through Share of $1.50. The gross proceeds from the offering will be $15 million.

FCU plans to use the proceeds from the offering for Canadian exploration expenses.

The news of the offering comes a day after FCU had reported results from fifteen angled holes drilled on R600W, ROOE, R780E and R1620E zones at the Patterson Lake South property.

While these recent developments are a positive for FCU, they may not reflect in the stock until there is a recovery in uranium prices. But, given the improving outlook for uranium market and its own strong fundamentals, FCU should be a stock to watch.

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<![CDATA[ADP jobs miss target]]>Wed, 01 Apr 2015 09:44:45 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=21354
Watch for some erratic swings if they are significantly off, the 247,000 being called for by economists. Still to come today, we have purchasing managers' index data for the U.S., crude oil inventories and two Federal Reserve members speaking. With no data for Canada the movement of oil will continue to be the main driver for our dollar with the inventory data gaining added attention.

Experts expect a range today of $1.2595 to $1.2710 Canadian.

The euro started off its session under downward pressure, however, once positive PMI data hit the market, the euro rallied 0.3%.

Tomorrow, the market will look to dissect the European Central Bank minutes from the March meeting for any hints towards which way the central bank may be leaning.

Observers expect a range today of $1.3550 to $1.3726 Canadian

The Sterling is soft today despite a decent manufacturing PMI. Risk is for the pound to trade to new lows going into the May 7 U.K. election. The pound is lower against the Loonie today. Next major support comes in at $1.85 Canadian.

The Australian dollar continues to trade lower as iron ore prices collapses adding pressure for the Reserve Bank of Australia to cut rates. Look for Australia trade balance to come out at 8:30 pm ET tonight. The Australian dollar traded down toward resistance at the $0.9600 Canadian area.

The New Zealand dollar also dropped as the dairy quota ends in the European Union. The kiwi trades at the low of this week’s price in the North American morning.

Data Releases

CAD: No data today

AUD: Commodity Prices, Trade Balance

EUR: Italian Manufacturing PMI, Final Manufacturing PMI, Spanish Manufacturing PMI

GBP: Manufacturing PMI

JPY: Monetary Base

NZD: ANZ Commodity Prices

USD: ADP non-Farm Employment Change, Final Manufacturing PMI, ISM Manufacturing Prices, Crude oil inventoriescturing PMI, ISM Manufacturing Prices, Crude oil inventories]]>
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