BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2015 Baystreet.ca Inc. All rights reserved. 1/29/2015 7:19:31 PM <![CDATA[Bear Creek Mining "SPECULATIVE BUY"]]>Thu, 29 Jan 2015 08:13:45 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?20659<![CDATA[Supply bump lowers oil prices ]]>Wed, 28 Jan 2015 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=552Wednesday, January 28, 2015


Supply bump lowers oil prices


Oil futures dropped even further on Wednesday after the U.S. Energy Information Administration reported a larger-than-expected increase in U.S. crude supplies, keeping inventories at their highest in more than 90 years.

The EIA said oil supplies rose by 8.9 million barrels in the week ended Jan. 23. Analysts polled by Platts had expected an increase around 3.5 million barrels. At 406.7 million barrels, U.S. inventories are at their highest since early 1924.

Gasoline inventories dropped by 2.6 million barrels, whereas distillates supplies dropped by 3.9 million barrels, the EIA said.

The analysts surveyed by Platts had expected gasoline stockpiles up 830,000 barrels, and distillate stockpiles down 580,000 barrels.

Crude for March delivery was recently down $1.24, or 2.6%, to $45.04 U.S. a barrel on the New York Mercantile Exchange.

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<![CDATA[Insider trading charges to be dropped against IBM]]>Thu, 29 Jan 2015 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=521Thursday, January 29, 2015

Insider trading charges to be dropped against IBM


U.S. prosecutors said they are prepared to drop charges against five men accused of engaging in insider trading ahead of an International Business Machines Corp (NYSE: IBM) acquisition, citing an appellate court ruling that limited the ability of authorities to pursue such cases.

In an unusual letter late Wednesday, prosecutors in the office of U.S. Attorney Preet Bharara in Manhattan asked U.S. District Judge Andrew Carter to dismiss the indictment.

If Carter does so, Bharara's office could appeal his ruling last week that the December appellate court decision applied to the case. The appellate ruling prompted the judge to throw out the guilty pleas of four of the five men.

But prosecutors said if Carter does not dismiss the indictment, they intend to drop the charges, saying the evidence "falls short" of the appellate court's standards.

A hearing is scheduled for later Thursday. A Bharara spokeswoman declined comment.

In the IBM case, prosecutors said Michael Dallas, a lawyer at IBM's law firm, in 2009 told Trent Martin, then an analyst at Royal Bank of Scotland Group Plc, about IBM's planned $1.2-billion U.S. acquisition of SPSS Inc.

While Dallas expected his friend Martin not to tell anyone else, the analyst bought SPSS stock and told his roommate, then Euro Pacific Capital Inc trader Thomas Conradt.

Conradt told his colleagues, traders David Weishaus, Daryl Payton and Benjamin Durant, according to authorities.

IBM shares dipped 97 cents early Thursday to $150.58 U.S., near the bottom of a 52-week trading range of $150.50 U.S. to $199.21 U.S.

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<![CDATA[Economic Calendar]]>Thu, 29 Jan 2015 07:19:31 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125January 2015
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Friday, January 02, 2015 RBC Manufacturing PMI: 9:30am Dec The RBC Canadian purchasing managers index slipped to 53.9 last month from 55.3 in November and October. A reading of 50 or above on the index indicates expansion in the Canadian manufacturing sector. The RBC Canadian PMI remained at 55.3 last month, matching a high point set in November last year and again in October. A measure above 50 indicates the manufacturing sector is expanding.
Wednesday, January 07, 2015 Canadian International Merchandise Trade: 8:30am Nov Canada's exports declined 3.5% in November and imports were down 2.7%. As a result, Canada's merchandise trade deficit with the world widened from $327 million in October to $644 million in November. Canada's merchandise imports increased 0.5% to $44.8 billion in October. Exports edged up 0.1% to $44.9 billion. As a result, Canada's trade surplus with the world narrowed from $307 million in September to $99 million in October.
Wednesday, January 07, 2015 IVEY Purchasing Managers Index: 10:00am Dec The Ivey Purchasing Managers Index was at 55.4 on a seasonally adjusted basis in December, indicating that purchasing activity in Canada expanded from November. Western University reported its Ivey Purchasing Managers Index (PMI) by the end of October 2014 stood at 51.2. The corresponding Ivey PMI figure for September 2014 was 58.6, for October 2013 was 62.8 and for October 2012 was 58.3.
Thursday, January 08, 2015 New Housing Price Index: 8:30am Nov The New Housing Price Index rose 0.1% in November. Statistics Canada's New Housing Price Index rose 0.1% in October, following an identical increase in September.
Friday, January 09, 2015 Housing Starts: 8:15am Dec Canada Mortgage and Housing Corporation reported that housing starts in Canada came in at 192,047 units in December compared to 194,807 in November. The trend is a six-month moving average of the monthly seasonally adjusted annual rates of housing starts. Canada Mortgage and Housing Corporation reported the national rate of housing starts increased to 195,620 units last month on a seasonally adjusted basis from 183,659 in October.
Friday, January 09, 2015 Building Permits: 8:30am Nov Municipalities issued building permits worth $6.6 billion in November, down 13.8% from October, following two consecutive monthly increases. The total value of building permits was $7.5 billion in October, edging up 0.7% from September.
Friday, January 09, 2015 Labour Force Survey: 7:00am Dec Employment in December was virtually unchanged (-4,300), as gains in full-time work were offset by losses in part time. The unemployment rate remained at 6.6%. After two straight months of large gains, Canada's economy lost more than 10,000 jobs last month and the unemployment rate inched up to 6.6%
Thursday, January 15, 2015 CREAstats - MLS Sales: 8:30am Dec The Canadian Real Estate Association reported that national home sales fell 5.8% from November to December. Actual (not seasonally adjusted) activity stood 7.9% above December 2013 levels. The Canadian Real Estate Association reported national home sales activity was unchanged on a month-over-month basis in November 2014. Actual (not seasonally adjusted) activity stood 2.7% above November 2013 levels.
Monday, January 19, 2015 Canada's International Transactions in Securities: 8:30am Nov Foreign investment in Canadian securities slowed to $4.3 billion in November. Acquisitions were mainly in Canadian corporate bonds as non-residents reduced their exposure to Canadian stocks for the first time in 15 months. Meanwhile, Canadian investors added $1.8 billion of foreign securities to their holdings, all in bonds. Foreign investment in Canadian securities strengthened to $9.5 billion in October and included both bonds and equity instruments. At the same time, Canadian investment in foreign securities slowed to $293 million, down from an $8.3-billion investment in September.
Tuesday, January 20, 2015 Monthly Survey of Manufacturing: 8:30am Nov Manufacturing sales declined 1.4% in November, reflecting lower sales of motor vehicles and chemicals. Manufacturing sales declined 0.6% in October, the second decrease in 2014.
Wednesday, January 21, 2015 Wholesale Trade: 8:30am Nov Wholesale sales declined 0.3% to $54.0 billion in November, following two consecutive monthly gains. Wholesale sales edged up 0.1% to $54.2 billion in October, a second consecutive monthly increase.
Thursday, January 22, 2015 Employment Insurance: 8:30am Nov The number of people receiving regular Employment Insurance (EI) benefits in November totalled 490,500, little changed (-0.3%) from the previous month. Compared with November 2013, the number of beneficiaries decreased by 28,800 or 5.5%. The number of people receiving regular Employment Insurance benefits in October was 491,400, little changed from the previous month. Compared with October 2013, the number of beneficiaries decreased 26,800 or 5.2%.
Friday, January 23, 2015 Retail Trade: 8:30am Nov Retail sales rose 0.4% in November to $43.0 billion. Gains were reported in five of 11 subsectors, representing 27% of retail trade Retail sales held at $42.8 billion in October. Lower sales at motor vehicle and parts dealers and gasoline stations offset higher sales in most other sub-sectors.
Friday, January 23, 2015 Consumer Price Index: 7:00am Dec Consumer prices rose 1.5% in the 12 months to December, following a 2.0% increase in November. On a seasonally adjusted monthly basis, the Consumer Price Index declined 0.1% in December, after falling 0.2% in November. Consumer prices rose 2.0% in the 12 months to November, following a 2.4% increase in October. On a monthly basis, CPI declined 0.2% in November, after rising 0.1% in October.
Friday, January 30, 2015 GDP: 8:30am Nov --- Real gross domestic product grew 0.3% in October, following a 0.4% increase in September.
Friday, February 06, 2015 Raw Materials Price Index: 8:30am Dec --- The Raw Materials Price Index declined 5.8% in November, largely as a result of lower prices for crude energy products.
Friday, February 06, 2015 Industrial Product Price Index: 8:30am Dec --- The Industrial Product Price Index decreased 0.4% in November, mainly because of lower prices for energy and petroleum products.
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<![CDATA[Job market weaker than thought]]>Thu, 29 Jan 2015 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1299Job market weaker than thought


Job growth in Canada was the slowest since 2009 last year and the labour-force participation rate is lower than originally reported, suggesting there is less steam in the country’s labour market than first thought.

Statistics Canada revised its labour-force survey numbers on Wednesday both for last year and, based on more recent population counts, for the 2001-2014 period. Employment gains last year were 121,000 – or a third lower than the originally estimated increase of 186,000.

The Bank of Canada, which cut its key lending rate last week amid falling oil prices, has cited several labour-market indicators, such as long-term unemployment, as evidence that the jobs market is showing signs of slack. It noted the dwindling participation rate as "another sign of ongoing labour-market challenges."

The revisions peg the jobless rate in December of last year at 6.7% rather than the 6.6% first reported, while the labour-force participation rate ebbed to 65.7% in the month – the lowest point since 2000 and even lower than first stated.

Total job growth in the past 14 years was 2.9 million rather than the 3.03 million pre-revision estimate, he noted, adding that a "big chunk" of the downward revision was during the recession and last year.

Most of last year’s jobs gains occurred in two months: September and October. All told, employment grew 0.7% last year, a similar pace to 2013 and below the rate of 1.8% in 2012.

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<![CDATA[Japan fades on earnings, rate concerns]]>Thu, 29 Jan 2015 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2047Thursday, January 29, 2015

Japan fades on earnings, rate concerns



Japanese stocks fell Thursday, as investors worried about disappointing corporate earnings and as they absorbed signs the U.S. Federal Reserve is sticking to its timing on an increase in interest rates.

In Japan, the Nikkei 225 index slipped 189.51 points, or 1.1%, to 17,606.22, marking its biggest daily drop in almost two weeks.

The yen weakened versus the U.S. dollar to ¥117.89, compared with ¥117.46 late Wednesday in New York, amid dollar-buying by Japanese importers to settle month-end accounts.

In Hong Kong, the Hang Seng index moved lower 265.96 points, or 1.1%, to 24,595.85

Also weighing on the markets were some disappointing corporate earnings results.
Nintendo Co. sank 8.7%, despite reporting a net-profit gain for the April-December period, as the game-console maker cut its operating-profit outlook.

Maker of construction and mining equipment Komatsu Ltd. slid 8.5%, with its chief executive officer expecting its Chinese sales to remain weak, according to Bloomberg News.

Camera maker Canon Inc. lost 5.1%, with analysts and reports saying its quarterly profit increase was mostly helped by a weaker yen.

Skymark Airlines Inc. plunged 25.2%, after the discount carrier filed for bankruptcy protection.

CHINA

Elsewhere, Chinese stocks also headed lower, after its securities regulator announced Wednesday night that it soon would launch a second round of its crackdown on margin-trading practices.

The Shanghai CS300 index doffed 43.53 points, or 1.2%, to 3,481.80

In other markets;

The Kospi in Korea sank 10.56 points, or 0.5%, to 1,951.02

In Taiwan, the Taiex index fell 84.02 points, or 0.9%, to 9,426.90

In Singapore, the Straits Times Index dipped 0.10 points to 3,419.05

New Zealand’s NZX 50 index fell 35.01 points, or 0.6%, to 5,759.81

The S&P/ASX index improved 16.70 points, or 0.3%, to 5,569.49.

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<![CDATA[Jobless claims stateside hit 15-year low]]>Thu, 29 Jan 2015 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1301The number of Americans filing new claims for unemployment benefits reportedly tumbled last week to its lowest level in nearly 15 years, adding to bullish signals on the labour market.

Initial claims for state unemployment benefits dropped 43,000 to a seasonally-adjusted 265,000 for the week ended Jan. 24, the lowest since April 2000, the U.S. Labor Department said on Thursday, the biggest weekly decline since November 2012.

The decline, which far exceeded economists' expectations for a drop to only 300,000, probably exaggerates the strength of the jobs market as the data included the Martin Luther King holiday, which means fewer claims were likely processed.

It unwound the prior weeks' increases, which had pushed claims above the key 300,000-unit threshold.

Economists had largely dismissed that rise as "noise," noting difficulties adjusting the data for seasonal fluctuations at the start of the year.

The four-week moving average of claims, considered a better measure of labour market trends as it irons out week-to-week volatility, fell 8,250 last week to 298,500.

The latest decline in applications for unemployment aid bolsters views of tightening labour market conditions and comes a day after the Federal Reserve maintained its upbeat assessment of the jobs market and said a range of labour indicators suggested slack continued to diminish.

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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]]><![CDATA[TSX recovers from sharp drop ]]>Thu, 29 Jan 2015 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=3946Thursday, January 29, 2015

04:20 PM EST
TSX recovers from sharp drop

Techs, staples lead parade




The Toronto stock market was little changed Thursday in a volatile session that saw resource sectors sell off amid falling oil prices, while miners felt the pressure of copper prices plumbing six-year lows.

The S&P/TSX composite index recovered from a 210-point drop actually to gain 33.08 points and close Thursday’s trading at 14,635.96

The Canadian dollar demurred 0.48 cents to 79.32 cents U.S., in the wake of Wednesday's announcement from the Federal Reserve, which left markets with the impression that the U.S. central bank will start hiking rates around the middle of this year.

The base metals sector on the TSX fell as March copper fell three cents to $2.44 a pound. First Quantum Minerals plummeted 74 cents, or 6.2%, to $11.20.

Gold plunged as Barrick Gold lost 26 cents, or 1.7%, to $15.53, and Agnico Eagle Mines down seven cents to $41.13

Most sectors outside the resource groups were positive, particularly consumer staples – Alimentation Couche-Tard springing higher by $1.89, or 4%, to $49.33, and techs were led upwards by Sierra Wireless, gathering $1.92, or 4.2%, to $48.01.

Meanwhile, PotashCorp posted quarterly income of $407 million or 49 cents per share, beating estimates of 47 cents. Revenue was $1.9 billion, compared with $1.5 billion a year ago and its shares added 3.5 cents to $45.40.

Rogers Communications Inc. posted adjusted net income of $355 million or 69 cents a share, beating expectations of 64 cents. Its revenue was up 4% at $3.37 billion. It also hiked its annual dividend by 5% and its shares rose 31 cents to $44.86.

ON BAYSTREET

The TSX Venture Exchange moved to within 0.19 points of breakeven to 667.11

All but four of the 14 Toronto subgroups were higher on the day, as information technology clicked 2.2%, consumer staples improved 1.8%, and telecoms gained 1%.

The four laggards were weighed mostly by metals and mining, dipping 1.8%, gold, dipping 1.2%, and energy, down 1.1%.

ON WALLSTREET

U.S. stocks gained Thursday, bouncing back from a two-day rout, after the price of U.S. crude reversed higher, easing concerns for investors looking for oil prices to steady, and Federal Reserve Chair Janet Yellen's reported comments offset rate worries.

The Dow Jones Industrials vaulted 222.81 points, or 1.3%, to 17,414.18, with Boeing and McDonald's leading blue-chip gains.

The S&P 500 picked up 19.09 points to 2,021.25, with materials leading gains and energy the sole laggard among its 10 major sectors.

The NASDAQ index regrouped 45.42 points to 4,683.41.

Investors also mulled earnings from corporations including Ford Motor and data that had a less-than-expected number of Americans filing for unemployment benefits.

Alibaba Group Holding fell after the Chinese e-commerce company reported quarterly revenue short of expectations.

McDonald's gained after the fast-food chain said its chief executive officer would be replaced by its chief brand officer March 1.

Qualcomm dropped after the chip manufacturer cut its fiscal 2015 outlook and Ford Motor climbed after the car manufacturer's quarterly earnings surpassed estimates.

Experts said Yellen's comments to lawmakers on Capitol Hill Thursday cushioned what some interpreted as a hawkish tone to a Fed release Wednesday afternoon.

Thursday, the U.S. Labor Department reported jobless claims dropped by 43,000 to 265,000 last week, fewer than forecast and the lowest number in nearly 15 years.

Stocks offered muted reaction to another report that had pending-home sales dropping 3.7% in December.

Prices for 10-year U.S. Treasuries sagged, raising yields to 1.75% from Wednesday’s 1.72%. Treasury prices and yields move in opposite directions.

Oil prices recovered 13 cents per barrel to $44.58 U.S.

Gold prices took a header of $32.10 an ounce to $1,253.80 U.S.





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<![CDATA[Stocks in Play: Komet Resources Inc.]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17311Thursday, January 29, 2015

09:48 AM EST - Komet Resources Inc. : announced the results of the preliminary sampling program carried out on the Guiro property that returned significant gold values. This sampling campaign was part of the due diligence in order to provide insight on the Guiro deposit potential as well as other known gold targets of the permit. The sampling of the mine stockpiles resulted in averages of 69.5 g/t Au and 5.35 g/t Au. Regional sampling produced averages of 9.2 g/t Au in Diouga, 19.2 g/t Au in Bayildiaga and 0.9 g/t Au at the Malorie quarry. Komet Resources Inc. (V.KMT) shares were unchanged at 0.52.

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<![CDATA[Stocks in Play: CGI Group Inc.]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17312Thursday, January 29, 2015

09:49 AM EST - CGI Group Inc. : and Hitachi Data Systems, a wholly-owned subsidiary of Hitachi, Ltd. announced a significant milestone in their strategic agreement to provide clients with enterprise-grade cloud services powered by Hitachi Data Systems. CGI Group Inc. (T.GIB.A) shares were up $0.43 at 48.84.

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<![CDATA[Stocks in Play: EXFO Inc.]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17313Thursday, January 29, 2015

09:51 AM EST - EXFO Inc. : unveiled its new open analytics platform offering operators an avant-garde approach to quality management through innovations in adaptable analytics and workflow automation. With the evolution of the EXFO Xtract platform, EXFO has merged its expertise in the automation of service turn-up, active testing, passive monitoring and infrastructure polling into a comprehensive E2E solution that enables operators to greatly improve time-to-market while guaranteeing exceptional quality for new services through an extendable end-to-end quality management solution. EXFO Inc. (T.EXF) shares were up $0.005 at 4.3.

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<![CDATA[Stocks in Play: OpenText ]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17314Thursday, January 29, 2015

09:52 AM EST - OpenText : announced the release of Brava!TM Enterprise 7.2* for IBM Content Navigator. The new version includes role-based redaction to offer organizations the ability to assign different views of the same document to users based on their roles. OpenText (T.OTC) shares were down $0.01 at 67.78.

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<![CDATA[Stocks in Play: Potash Corporation of Saskatchewan Inc. ]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17315Thursday, January 29, 2015

10:41 AM EST - Potash Corporation of Saskatchewan Inc. : reported fourth-quarter earnings of $0.49 per share ($407 million), well ahead of the $0.26 per share ($230 million) generated in 2013's fourth quarter, a total that included $60 million in severance-related charges. Although the most recent quarter marked the continuation of a robust potash environment following a sharp reset of prices in late 2013, the $1.82 per share ($1.5 billion) earned during 2014 trailed the $2.04 per share ($1.8 billion) earned in the previous full year. Potash Corporation of Saskatchewan Inc. (T.POT) shares were down $0.19 at 45.17.

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<![CDATA[Stocks in Play: Smart Employee Benefits Inc.]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17316Thursday, January 29, 2015

10:43 AM EST - Smart Employee Benefits Inc. : announced that its indirect wholly-owned subsidiary, 101270941 Saskatchewan Ltd., has acquired all of the issued and outstanding shares of Paradigm Consulting Group Inc. and all of the issued and outstanding units, directly and indirectly, of PCGI Consulting Services Partnership. Smart Employee Benefits Inc. (V.SEB) shares were up $0.03 at 0.47.

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<![CDATA[Stocks in Play: Defiance Silver Corporation]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17317Thursday, January 29, 2015

11:46 AM EST - Defiance Silver Corporation : reported the results of the first three holes of its Phase I core drilling program on the San Acacio Deposit. Phase I is designed to test for a continuation of mineralization to depth below the current resource and the workings of the past producing mine. Results from the first three holes have extended mineralization by 140 metres below the limits of the current resource. All three holes were drilled on a single section on the western margin of the project and all intersected broad zones of mineralization at increasing depths. Mineralization continues to be open along strike and down dip. Defiance Silver Corporation (V.DEF) shares were unchanged at 0.14.

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<![CDATA[Stocks in Play: Neovasc Inc.]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17318Thursday, January 29, 2015

11:47 AM EST - Neovasc Inc. : announced that due to market interest, it has increased the size of its previously announced underwritten public offering from 8,000,000 common shares to 10,500,000 common shares of the Company. The Company also announced that it has priced the offering at $7.19 U.S. per common share for aggregate gross proceeds of $63,559,600 U.S. for the Company. Neovasc Inc. (T.NVC) shares were up $1.13 at 10.

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<![CDATA[Stocks in Play: Helio Resource Corp]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17319Thursday, January 29, 2015

03:44 PM EST - Helio Resource Corp : reported results from the balance of 17 Reverse Circulation drill holes (1,448 metres) from the Gap Target, SMP Gold Project, Tanzania. The Gap Target, located two kilometres east of the Company's Porcupine Resource area has potential to add materially to the existing resource at SMP, both through near surface resources and underground higher-grade resources. Helio Resource Corp (V.HRC) shares were up $0.005 at 0.05.

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<![CDATA[Stocks in Play: Knick Exploration Inc. ]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17320Thursday, January 29, 2015

03:46 PM EST - Knick Exploration Inc. : has vended 100% of its interest in the Ogden gold property consisting of eight claims located in the Timmins mining camp to Explor Resources in consideration of $50,000 and two million common shares of Explor Resources. All other original Knick holdings are intact. Knick Exploration Inc. (V.KNX) shares were down $0.005 at 0.02.

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<![CDATA[Stocks in Play: Explor Resources]]>Thu, 29 Jan 2015 09:48:19 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17321Thursday, January 29, 2015

03:47 PM EST - Explor Resources : announces that Knick Exploration has vended 100% of its interest in the Ogden gold property consisting of eight claims located in the Timmins mining camp to Explor Resources in consideration of $50,000 and two million common shares of Explor. All other original Knick holdings are intact. Explor Resources (V.EXS) shares were unchanged at 0.055.

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<![CDATA[Iveda Solutions Makes Progress in Vietnam]]>Thu, 29 Jan 2015 01:16:07 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=851Thursday, January 29, 2015

Iveda Solutions Makes Progress in Vietnam


In a report released last year, research firm IDC provided its view on the global Software-as-a-Service (SaaS)and cloud software performance by vendor in 2013 and outlook through 2018. The research firm noted that the worldwide cloud software market reached $39.3 billion in 2013. While the year-over-year growth in the cloud software market was impressive at 22.6% on a year-over-year basis, there is more to come.

According to IDC, the cloud software market could exceed $100 billion by 2018 at a compound annual growth rate (CAGR) of 21.3%. Importantly, SaaS delivery is likely to outpace traditional software product delivery. In fact, the SaaS space is expected to grow five times faster than the software market as a whole, according to estimates from IDC.

Indeed, the SaaS market has seen substantial growth in recent years. While there are a number of major players in this space, it is useful to keep an eye on smaller, emerging players as they may offer tremendous returns over the next few years. One such player is Iveda Solutions Inc. (OTCBB:IVDA), which is a Mesa, Arizona-based company enabling cloud-based video surveillance through its SentirTM platform.

This morning Iveda Solutions announced that it has made progress with the largest Vietnam telecom provider for cloud video surveillance. IVDA had first announced the partnership last month. The company said that it has executed a framework agreement with the major telecom player in one of the fastest growing Asian countries.

David Ly, Chairman and CEO of Iveda, said that its goal will be to implement the Sentir platform into the telecom major’s data center for immediate market launch. Commenting on the opportunity the agreement offers, Ly had this to say, "With more than 70 million subscribers represented by this Telecom alone, we anticipate this Telecom to bring us significant results."

This is the second major announcement from Iveda this week. Earlier in the week, the company had announced the signing of a definitive agreement for the private placement of shares for its Series B preferred stock and associated warrants to acquire shares of its common stock. The offering has been made to institutional and accredited investors and the proceeds from the offering will be used to fund working capital, inventory purchases and general corporate expenses.

Iveda has been on a roll over the past six months or so, winning a number of contracts. In September of last year, the company had secured a $1.4-million contract with the Taiwan Stock Exchange. This was followed by a $1.8-million contract from Chunghwa Telecom in October.

These developments will certainly boost Iveda’s top line, even as the company continues to benefit from the ongoing growth in the SaaS market. And with the company also boosting its balance sheet with the latest offering, it has the money in the bank to fund growth.

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<![CDATA[New highs for dollar ]]>Thu, 29 Jan 2015 10:20:00 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=20669
Unemployment claims this morning show a decline and only posted a 265,000 on claims filed. The U.S. dollar tested a new 52-week high yesterday and overnight posting 1.2562, which is a 140-point move in the last 24 hours and technical analysis shows on the ascending trend line that 1.2684 Canadian is a possibility and represent major resistance. With the greenback's overnight low of 1.2511 Canadian, investors are starting to see major support and a short-term floor at 1.2500 Canadian or inversely, 0.80 cents U.S.

Investors expect a range today of 1.2500 to 1.2600 Canadian

The euro is up 90 basis points from yesterday’s close at 1.4214 Canadian. Greece opened the door to debt talks with international partners yesterday. Fundamentals were mainly softer than expected. Starting with German Unemployment, the change was just shy of expectations, printing at -9,000, but the unemployment rate was in line at 6.5%. German Consumer Price Index numbers fell short as well, where month over month printed at -1.0% and year over year printed at -0.3%. Euro-zone’s consumer, economic and industrial confidence all fell short of expectations, which wasn't too much of a surprise.

Experts expect a range today of 1.4160 to 1.4269 Canadian

The pound is essentially flat from yesterday’s close at 1.8952 Canadian. No event risks are scheduled for the remaining of the week, but the sterling did crack another fresh high of 1.9013 Canadian early this morning before retracing most of its gain.

The Australian dollar is down 120 bps from yesterday’s close at 0.9766. The AUD did finally break through support levels this morning.

The New Zealand dollar is down 25 bps from yesterday’s close at 0.9117. The kiwi fell lower after the Reserve Bank of New Zealand decided to hold rates at 3.50% and stated that it is prepared to lower borrowing costs if oil prices dampen inflation.

Data Releases

CAD: No data

AUD: PPI

EUR: German Employment data + CPI

GBP: Consumer Confidence Survey

JPY: CPI

NZD: No data

USD: Initial Jobless Claims + Pending Home Sales]]>
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