BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2015 Baystreet.ca Inc. All rights reserved. 7/28/2015 8:31:44 PM <![CDATA[Tidewater Midstream "OUTPERFORM"]]>Tue, 28 Jul 2015 07:43:00 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?22586<![CDATA[Gold Set for Stiff Weekly Loss]]>Fri, 24 Jul 2015 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=599Friday, July 24, 2015


Gold Set for Stiff Weekly Loss


Gold futures fell back on Friday, after posting a modest climb a day earlier for the first time in 11 sessions, with expectations that the U.S. Federal Reserve will soon lift interest rates helping to prices position themselves for a weekly loss of more than 4%,

August gold fell $11.50, or 1.1%, to $1,082.60 U.S. an ounce on Comex. Prices, which settled Thursday with a gain of 0.2%, traded down by about 4.3% for the week. Wednesday’s settlement of $1,091.50 U.S. was the lowest in more than five years

Gold prices are already trading nearly $50 U.S. an ounce lower from last Friday’s settlement.

Fed Chairwoman Janet Yellen recently reiterated the central bank’s plans to increase borrowing costs this year, prompting traders to adjust their expectations for the path of U.S. monetary policy and its impact on gold prices. Higher interest rates also tend to support the dollar which is bearish for dollar-denominated prices of gold.

Gold doesn’t produce an income and costs money to hold, and would struggle to compete with such yield-bearing assets as Treasury bonds when rates climb.

U.S. data released Friday showed that the flash reading of the Markit manufacturing purchasing managers index rose slightly to 53.8 in July from a 20-month low of 53.6 in June. Sales of new single-family homes in the U.S. fell 6.8% in June to an annual rate of 482,000. Against that backdrop, the ICE U.S. dollar index traded about 0.3% higher.

Other metals declined Friday, with September silver sinking 33.1 cents, or 2.3%, to $14.37 U.S. an ounce, down around 3.2% for the week.

September high-grade copper traded at $2.368 U.S. a pound, down 1.8 cents, or 0.8% — set for a weekly loss of roughly 5.2%. October platinum was down $8.40, or 0.8%, at $972.90 U.S. an ounce, ready for a weekly loss of 2.9%, while September palladium fell $4.90, or 0.8%, to $612.95 U.S. an ounce, down about 0.9% on the week.

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<![CDATA[Gambling Firm Boosts Bid For Rival ]]>Tue, 28 Jul 2015 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=571Tuesday, July 28, 2015

Gambling Firm Boosts Bid For Rival


Online gambling firm GVC Holdings returned on Monday with a new 1 billion-pound ($1.55-billion U.S.) bid for rival Bwin.party Digital Entertainment , looking to trump a recently accepted offer from 888.

Bwin, put up for sale last year, accepted a cash and stock deal worth almost 900 million pounds from online casino and poker firm 888 this month, shunning an earlier 908-million-pound offer from GVC and Canada's Amaya Inc , which it deemed too complex and with less attractive growth prospects.

The tussle for Bwin is the latest in a flurry of merger activity in the industry, a trend likely to continue as firms seek to expand to offset increasing taxes and tighter regulation in Britain. Last week, Ladbrokes and Gala Coral agreed to a $3.4-billion U.S. all-share merger.

Bwin, which has struggled with the decline of regulated poker markets in Europe and to make cost savings since its creation via a merger of sports betting group Bwin and online poker group PartyGaming in 2011, confirmed on Monday that it had received a new offer from GVC and would respond in due course.

888 declined to comment on whether it planned to raise its offer, though analysts said they widely expected it to do so.

GVC said it would finance the new deal through a combination of new GVC shares and a 400 million-euro ($443 million U.S.) senior secured loan from private equity firm Cerberus Capital Management, removing Amaya's involvement and some of the complexity that had worried Bwin.

GVC, whose boss Kenny Alexander told the Financial Times on Monday that Bwin and several of its shareholders had been keen for GVC to return to talks, also plans to raise 150 million pounds through an equity placing to fund restructuring costs and refinance existing debt at Bwin.party.

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<![CDATA[Economic Calendar]]>Tue, 28 Jul 2015 08:31:44 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125July 2015
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Thursday, July 02, 2015 RBC Manufacturing PMI: 9:30am June The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, rose to a seasonally adjusted 51.3 last month from 49.8 in May. The RBC Canadian Manufacturing Purchasing Managers' index (PMI), a measure of manufacturing business conditions, edged up to a seasonally adjusted 49.8 last month from 49.0 in April.
Monday, July 06, 2015 IVEY Purchasing Managers Index: 10:00am June The Ivey Purchasing Managers Index (PMI) by the end of June 2015 stood at 55.9. The corresponding Ivey PMI figure for May 2015 was 62.3, for June 2014 was 46.9 and for June 2013 was 55.3. Western University revealed that its Ivey Purchasing Managers Index stood at 62.3 last May, compared to 58.2 in April, and 48.2 in May 2014.
Tuesday, July 07, 2015 Canadian International Merchandise Trade: 8:30am May Canada's exports declined 0.6% in May while imports edged up 0.2%. As a result, Canada's merchandise trade deficit with the world widened from $3.0 billion in April to $3.3 billion in May. Canada's imports declined 2.5% in April and exports were down 0.7%. As a result, Canada's merchandise trade deficit with the world narrowed from $3.9 billion in March to $3 billion in April.
Wednesday, July 08, 2015 Building Permits: 8:30am May The total value of building permits fell 14.5% to $6.7 billion in May, following two months of double-digit gains. Declines were recorded in five provinces, led by Ontario, which had posted a notable increase the previous month. Contractors took out $7.8 billion worth of building permits in April, up 11.6% from the previous month and a second consecutive monthly advance.
Thursday, July 09, 2015 New Housing Price Index: 8:30am May The New Housing Price Index (NHPI) rose 0.2% in May, following a 0.1% increase in April. Gains in Ontario and Saskatchewan were moderated by declines in Quebec. The New Housing Price Index rose 0.1% in April, following no change in March.
Thursday, July 09, 2015 Housing Starts: 8:15am June Canadian Mortgage and Housing Corp reported the seasonally adjusted annualized rate of housing starts rose to 202,818 units in June from a downwardly revised 196,981 units in May. Forecasters had expected 190,000 starts. Canadian Mortgage and Housing Corp said the seasonally adjusted annualized rate of housing starts rose to 201,705 units in May from an upwardly revised 183,329 in April. Forecasters had expected 185,000 starts.
Friday, July 10, 2015 Labour Force Survey: 7:00am June Employment was virtually unchanged in June (-6,400 or 0.0%), as gains in full-time work were offset by losses in part-time. The unemployment rate held steady at 6.8% for the fifth consecutive month. Employment increased by 59,000 in May, driven by gains in the number of private sector employees. The number of people participating in the labour market also rose in May, leaving the unemployment rate unchanged at 6.8% for the fourth consecutive month.
Wednesday, July 15, 2015 Monthly Survey of Manufacturing: 8:30am May Manufacturing sales edged up 0.1% in May, while constant dollar sales fell 0.5%, indicating a lower volume of goods sold. Statistics Canada reported that manufacturing sales in April fell 2.1% to $49.8 billion, the third decline in four months.
Wednesday, July 15, 2015 CREAstats - MLS Sales: 8:30am June The Canadian Real Estate Association said sales activity was down 0.8% last month from May. CREA also said actual sales for June, not seasonally adjusted, surged 11% from June 2014. The Canadian Real Estate Association reported this morning that national home sales activity rose 3.1% from April to May, a fourth consecutive month-over-month increase. CREA also said actual (not seasonally adjusted) activity stood 2.7% above May 2014 levels.
Thursday, July 16, 2015 Canada's International Transactions in Securities: 8:30am May Foreign investors reduced their holdings of Canadian securities by $5.4 billion in May, led by a divestment in equities. Meanwhile, Canadian investors added $5.6 billion of foreign securities to their portfolios, mainly corporate securities. Foreign investors purchased Canadian securities for a fourth straight month in April, adding $12.9 billion to their holdings. At the same time, Canadian investment in foreign securities resumed with acquisitions totaling $6.6 billion in the month, mainly non-US foreign securities.
Friday, July 17, 2015 Consumer Price Index: 7:00am June The Consumer Price Index rose 1.0% in the 12 months to June, after increasing 0.9% in May. On a seasonally adjusted monthly basis, the Consumer Price Index rose 0.4% in June, matching the increase in May. The Consumer Price Index rose 0.9% in the 12 months to May, after increasing 0.8% in April. On a seasonally-adjusted monthly basis, the Consumer Price Index increased 0.4% in May, following a 0.1% decline in April.
Monday, July 20, 2015 Wholesale Trade: 8:30am May Wholesale sales decreased 1.0% to $54.5 billion in May, following two consecutive increases. Lower sales in four subsectors, which together represented 65% of wholesale sales, accounted for the decline. Excluding the motor vehicle and parts subsector, wholesale sales declined 0.6%. Wholesale sales rose 1.9% to $55.2 billion in April, a second consecutive increase. Sales were up in four of seven sub-sectors, led by the motor vehicle and parts sub-sector.
Thursday, July 23, 2015 Retail Trade: 8:30am May Retail sales rose 1.0% to $43.0 billion in May. Following gains in February and March, retail sales edged down 0.1% in April to $42.5 billion.
Thursday, July 23, 2015 Employment Insurance: 8:30am May There were 527,100 people receiving regular Employment Insurance benefits in May, edging up 0.9% or 4,800 from April. There were 521,300 people receiving regular Employment Insurance benefits in April, little changed from March (+0.5%) and compared with 12 months earlier (-0.4%).
Tuesday, July 28, 2015 Industrial Product Price Index: 8:30am June The Industrial Product Price Index increased 0.5% in June, mainly because of higher prices for energy and petroleum products and motorized and recreational vehicles. The Industrial Product Price Index increased 0.5% in May, mainly because of higher prices for energy and petroleum products
Tuesday, July 28, 2015 Raw Materials Price Index: 8:30am June The Raw Materials Price Index was unchanged in June, as lower prices for metal ores, concentrates and scrap were mostly offset by higher prices for crude energy products. The Raw Materials Price Index increased 4.4%, largely as a result of higher prices for crude energy products.
Friday, July 31, 2015 GDP: 8:30am May --- Real gross domestic product edged down 0.1% in April, the fourth consecutive monthly decline. A decrease in the output of goods-producing industries outweighed an increase in service industries.
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<![CDATA[Industrial Index Static in June ]]>Tue, 28 Jul 2015 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1417Industrial Index Static in June


Industry data showed on Tuesday.Canada’s industrial product price index remained unchanged unexpectedly last month

In a report, Statistics Canada said that Canada’s Industrial Product Price Index remained unchanged at 0.5%, from 0.5% in the preceding month.

The agency attributes the figure mostly to higher prices for energy and petroleum products and motorized and recreational vehicles.

Analysts had expected Canada’s Industrial Product Price Index to fall to 0.4% last month.

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<![CDATA[China, Japan Continue Negative, Hong Kong Gains]]>Tue, 28 Jul 2015 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2170Tuesday, July 28, 2015

China, Japan Continue Negative, Hong Kong Gains



Chinese shares fell on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy.

Meanwhile, Japan's Nikkei share average edged down on Tuesday in volatile trade after crawling back from a more than two-week low hit earlier in the session as Chinese shares pared losses.

In Japan, the Nikkei 225 index let go of 21.21 points, or 0.1%, to 20,328.89

Hong Kong blue-chip stocks rose on Tuesday, bucking falls for mainland shares, on hopes for a stabilizing China market as Beijing hinted at further monetary easing.

In Hong Kong, the Hang Seng Index moved up 151.98, or 0.6%, to 24,503.94, its biggest gain since July 17.

China Resources Enterprise led gains in the blue chip index, surging 2.9%. It was followed by CNOOC Ltd and AIA, which were up 2.7%.
New China Life Insurance led the falls in the Chinese enterprises index, sliding 5.3%.

China Eastern Airlines' Hong Kong shares dropped 4.4% on dilution concerns after Delta Air Lines agreed to buy a 3.55% stake for $450 million U.S.

CHINA

In China, the CSI 300 deducted 7.66 points, or 0.2 %, to 3,811.43

After a plunge of more than 8% in major indexes on Monday, Chinese regulators said on Tuesday they were investigating share "dumping" incidents.

Earlier the China Securities and Regulatory Commission had said it was prepared to buy shares to stabilize the stock market, while the central bank injected cash into money markets and hinted at further monetary easing.

A highly volatile day - not unusual in China's unruly stock markets - had seen both indexes lurching between losses as deep as 5% and gains of more than 1%.

In other markets

Singapore’s Straits Times Index dipped 32.33 points, or 1%, to 3,281.09

In Taiwan, the Taiex index regained 25.81 points, or 0.3%, to 8,582.49

In Korea, the Kospi index nosed up 0.29 points to 2,039.10

The NZX 50 lost 23.68 points, or 0.4%, to 5,848.39

The ASX 200 Index slid 5.2 points, or 0.1%, to 5,584.69

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<![CDATA[U.S. Consumer Confidence Sinks in July]]>Tue, 28 Jul 2015 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1423U.S. consumers were not optimistic about the economy in July, according to a report released Tuesday.

The Conference Board's Consumer Confidence Index dipped to 90.9 in July, missing estimates. Economists polled by Reuters expected a reading of 100. June's reading was 99.8.

The reading marked its lowest level since September 2014. The June figure was originally reported at 101.4.

Consumers' outlook for the labour market was dim. Those expecting more jobs in the coming months decreased from 17.1% to 13.1%, while those anticipating fewer jobs increased from 15.2% to 20%.

Consumers were not optimistic about the short-term outlook. The percentage of consumers expecting business conditions to improve over the next six months was down to 14.7% from 17.9%. Those expecting business conditions to worsen increased slightly to 10.7% from 10.2%.

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<![CDATA[IPO Center - TSX-V]]>Thu, 25 Jun 2015 12:00:00 ESThttp://baystreet.ca/articles/ipo_tsx.aspx?id=10023 Company Name Ticker Date MacArthur Minerals Limited MMS 25-06-2015 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 Zincore Metals Inc. ZNC 31-03-2015 Dominion General Investment Corporation DIC.P 27-03-2015 EQ Inc. EQ 31-03-2015 Starlight U.S. Multi-Family (No.4) Core Fund SUF 14-04-2015 Tidewater Midstream and Infrastructure Ltd. TWM 15-04-2015 Titanium Transportation Group Inc. TTR 16-04-2015 Mira VII Acquisition Corp. MVA 23-04-2015 Vier Capital Corp. VIE 30-04-2015 BitGold Inc. XAU 13-05-2015 Novo Resources Corp. NVO 27-05-2015 Flying Monkey Capital Corp. FMK 12-06-2015 Shoal Games Ltd. SGW 02-07-2015 Quinsam Opportunities I Inc. QOP.P 03-07-2015 A2 Acquisition Corp. APD.P 13-07-2015 Strateco Resources Inc. RSC 13-07-2015 Candente Gold Corp. CDG 27-07-2015 DealNet Capital Corp. DLS 28-07-2015]]><![CDATA[Stocks Recover Tuesday ]]>Tue, 28 Jul 2015 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=4438Tuesday, July 28, 2015

04:22 PM EST
Stocks Recover Tuesday

Metals, Energy Power Rise




North American stocks bounced back on Tuesday, after Shanghai shares slowed their slide and European stocks stabilized.

The S&P/TSX composite index 75.99 points to finish Tuesday at 14,077.36

The Canadian dollar hiked 0.66 cents to 77.35 cents U.S.

Base metals proved the most solid among the gainers on the markets, with Taseko Mines screaming higher five cents, or 8.5%, to 64 cents, while Thompson Creek Metals climbed five cents, or 7.3%, to 74 cents.

Energy stocks also recovered their groove, with Bellatrix Exploration up 17 cents, or 6.8%, to $2.67, and Cenovus Energy gaining $1.01, or 5.9%, to $18.26.

Tech stocks made something of a comeback as well, as Sierra Wireless improved $1.85, or 6.1%, to $32.14, while 5N Plus tacked on six cents, or 6.1%, to $1.05.

One of the few dull spots Tuesday was in consumer staples, as Metro Inc. dove 95 cents, or 2.7%, to $34.65, and Cott Corporation dumped 16 cents, or 1.2%, to $13.32.

On the economic front, Statistics Canada reported that its Industrial Product Price Index hiked 0.5% in June, mainly because of higher prices for energy and petroleum products and motorized and recreational vehicles.

The Raw Materials Price Index was unchanged in June, as lower prices for metal ores, concentrates and scrap were mostly offset by higher prices for crude energy products.

ON BAYSTREET

The TSX Venture Exchange moved positive 4.36 points to close Tuesday at 586.07

All but two of the 14 TSX subgroups were higher on the day, as global base metals rocketed 2.4%, energy gained 1.9%, and the metals and mining sector picked up 1.8%

The two laggards were consumer staples, down 0.8%, while utilities slid 0.1%.

ON WALLSTREET

U.S. stocks closed higher by nearly 1% or more on Tuesday as investors found encouragement from some recovery in Chinese stocks and oil prices, amid mixed earnings and the beginning of the Federal Reserve's two-day meeting.

The Dow Jones industrial average leaped 189.68 points, to 1.1%, to 17,630.27, with Exxon Mobil, Chevron and Caterpillar among the greatest advancers.

The S&P 500 added 25.51 points, or 1.2%, to 2,083.31.

The NASDAQ index gained 48.02 points, or nearly 1%, to 5,087.80

Earnings season continues with Ford and UPS posting results before the bell and Twitter and Buffalo Wild Wings reporting after the close.

Ford posted its best quarterly performance since 2000, with quarterly profit topping estimates and marking the automaker's highest every quarterly profit for North America.

UPS reported higher second-quarter net profit as improved margins offset a drop in revenue, Reuters reported. However, total revenue fell 1.2% from a year ago due to the strong U.S. dollar and lower fuel surcharges.

The stock jumped more than 5.5% to boost the Dow transports more than 2.5%

Pfizer raised its full-year forecast on rising sales of its newer drugs and beat expectations on both the top and bottom lines.

DuPont posted earnings that matched estimates on revenue that missed. The firm also lowered its outlook for the year on lower corn and soybean volumes as well as weaker demand for its crop protection products.

In economic news, U.S. consumer confidence for July came in at 90.9, missing expectations and posting a decline from June's read of 99.8.

The Case-Shiller 20-city home price index rose 4.9% in May from the same period last month, matching April's pace. The gain missed expectations for a 5.6% increase.

The Markit flash services PMI rose slightly from a five-month low, hitting 55.2 in July. The average for the year so far is 56.3.

The Federal Open Market Committee begins its two-day meeting Tuesday. No press conference is scheduled at its conclusion Wednesday afternoon.

Prices for 10-year U.S. Treasuries sagged, raising yields to 2.25% from Monday’s 2.22%. Treasury prices and yields move in opposite directions.

Oil prices hiked 30 cents a barrel to $47.69 U.S.

Gold prices ditched $1.70 to $1,095.20 U.S. an ounce.




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<![CDATA[Stocks in Play: Cardinal Energy Ltd.]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18472Tuesday, July 28, 2015

09:45 AM EST - Cardinal Energy Ltd. : Announced its operating and financial results for the three months ended June 30. Production for the second quarter increased 74% to 11,294 boe/d compared to the second quarter of 2014. Development capital expenditures totaled $11.3 million and included drilling four wells at Bantry and optimizing wells and facilities to maintain production. The new wells at Bantry had average drilling and completion costs $1.7 million, significantly lower than similar wells drilled in 2014. Cash flow from operations for the second quarter of 2015 increased 27% to $29.9 million compared to the corresponding period in 2014. Cardinal Energy Ltd. (T.CJ) shares were up $0.18 at 11.88.

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<![CDATA[Stocks in Play: Noranda Income Fund]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18473Tuesday, July 28, 2015

09:47 AM EST - Noranda Income Fund : Released its results for the second quarter of 2015. Zinc metal production of 67,286 tonnes compared to Q2 2014 - 62,645 tonnes. Zinc metal sales of 71,259 tonnes compared to Q2 2014 - 59,598 tonne. Earnings before income taxes of $20.4 million compared to Q2 2014 - loss of $2.6 million. Noranda Income Fund (T.NIF.UN) shares were up $0.12 at 2.89.

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<![CDATA[Stocks in Play: Westport Innovation ]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18474Tuesday, July 28, 2015

09:48 AM EST - Westport Innovation : Announced that its Cummins Westport wing is introducing the 2016 ISB6.7 G, a 6.7-liter MidRange, factory-built, dedicated natural gas engine, to the Type C School bus market at the North American School Bus Show – STN Expo Conference and Trade Show in Reno. Westport Innovation (T.WPT) shares were up $0.11 at 5.2.

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<![CDATA[Stocks in Play: PRD Energy Inc.]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18475Tuesday, July 28, 2015

09:49 AM EST - PRD Energy Inc. : Announced that the Company has decided to cease operations in Germany. PRD Energy Inc. (V.PRD) shares were down $0.005 at 0.07.

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<![CDATA[Stocks in Play: GWR Global Water Resources Corp. ]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18476Tuesday, July 28, 2015

10:45 AM EST - GWR Global Water Resources Corp. : announced that the Company's Board of Directors has declared a special cash dividend of $1.55 per share. The special dividend is payable on August 12, to shareholders of record as of the close of business on August 7. GWR Global Water Resources Corp. (T.GWR) shares were up $1.40 at 8.55.

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<![CDATA[Stocks in Play: Seabridge Gold]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18477Tuesday, July 28, 2015

10:46 AM EST - Seabridge Gold : Announced that initial results from its 2015 core drilling program at its 100% owned KSM Project in northwestern British Columbia points towards a sizeable expansion of the Mitchell Deposit at depth. The size and orientation of the drill intercepts support the potential for an expansion of the cost-effective block cave operation planned for the reserves above these new intercepts. Hole M-15-130's 174 meters of 0.55 g/T gold and 0.28% copper is more than 200 meters to the southwest of M-15-131's 167 meters of 0.81 g/T gold and 0.25% copper; these results appear to represent a large, continuous zone amenable to block cave mining. Seabridge Gold (T.SEA) shares were up $0.01 at 5.16.

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<![CDATA[Stocks in Play: Killam Properties Inc. ]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18478Tuesday, July 28, 2015

11:38 AM EST - Killam Properties Inc. : Announced that the Toronto Stock Exchange has accepted Killam's notice of intention to make a normal course issuer bid for its common shares. Killam Properties Inc. (T.KMP) shares were up $0.09 at 10.

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<![CDATA[Stocks in Play: SEMAFO]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18479Tuesday, July 28, 2015

11:39 AM EST - SEMAFO : Announced results from an ongoing 10,000-metre proximal drilling program at Natougou designed to explore the lateral extensions of the flat-lying Boungou Shear Zone proximal to the current in-pit resources. A new mineralized area, dubbed the Southwest Extension, has returned values of up to 10.29 g/t Au over 10 metres at depths varying from eight to 131 metres. The target area measures approximately 200 metres wide and remains open towards the west and northwest. SEMAFO (T.SMF) shares were up $0.08 at 2.69.

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<![CDATA[Stocks in Play: Macarthur Minerals Limited]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18480Tuesday, July 28, 2015

03:44 PM EST - Macarthur Minerals Limited : Announced the closing of the first tranche of a non-brokered private placement as announced on July 15. The subscriptions for tranche one totalled 12,017,998 units at a price of $0.02 per Unit for aggregate gross proceeds of $240,359.97. The Company intends to close tranche 2 of the Offering as soon as practicable. Macarthur Minerals Limited (V.MMS) shares were unchanged at 0.02.

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<![CDATA[Stocks in Play: Excelsior Mining Corp. ]]>Tue, 28 Jul 2015 09:47:00 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=18481Tuesday, July 28, 2015

03:45 PM EST - Excelsior Mining Corp. : Announced comprehensive hydrological results for the Gunnison Copper Project in Arizona. The results generated hydrological conductivities in the range expected for typical fracture controlled deposits and show the deposit is suitable for in-situ recovery operations. These results will be incorporated into a full Feasibility Study scheduled for completion in 2016. Excelsior Mining Corp. (V.MIN) shares were up $0.01 at 0.27.

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<![CDATA[Health Canada Grants Approval to Bedrocan to Sell Domestically Produced Medical Cannabis]]>Tue, 28 Jul 2015 03:00:00 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=1010Tuesday, July 28, 2015

Health Canada Grants Approval to Bedrocan to Sell Domestically Produced Medical Cannabis



According to a report in the Toronto Sun, medical marijuana could soon be covered by health insurance in Canada.

The Sun, citing industry experts, noted that following the newly announced Health Canada rules that allow the sale of cannabis oil, insurers could one day foot the bill for Canadians prescribed marijuana for medicinal purposes.

Health Canada announced new medical marijuana regulations following a ruling by the Supreme Court of Canada that permitted consumption of medical marijuana in the form of oils and edibles.

Khurram Malik, analyst at Jacob Securities, told the Toronto Sun that insurance companies will slowly start to creep into the sector.

Experts also note that the changes announced by Health Canada mark a major step towards making marijuana legal in the eyes of doctors and insurers.

The development is significant for Bedrocan Cannabis Corp. (TSX-Venture:BED), a Toronto-based company focused on clinical research, technologically-advanced, automated production processes, and innovative product development.

BED, along with its licensor Bedrocan Beheer BV of Netherlands are the only companies in the world that currently have the capability of producing standardized full-bud, pharmaceutical-grade medicinal cannabis.

This morning, Bedrocan announced that it has received a license agreement from Health Canada, which allows for the sale of BED’s domestically produced medical cannabis. The company noted that it has been growing six proprietary genetic strains of standardized cannabis at its new production facility since February and eight harvests have already been completed successfully. BED is also in a position to take orders for sales of its existing inventory.

Bedrocan also confirmed that Health Canada has approved eight more growing rooms at its production facility in the Greater Toronto Area. The company noted that a total of 26 of 34 production rooms are now licensed, providing for production capacity of 3,000 kilograms per year.

Commenting on the development, Marc Wayne, President and CEO of Bedrocan Cannabis, said that the company is excited to be able to provide Canadian-grown, standardized cannabis to its registered patients. Wayne further said that the company has now transitioned its business successfully and on schedule from its reliance on imported Bedrocan products to managing its own domestic production to meet the specific needs of its growing population of medical cannabis patients.

Wayne added that the company will now focus on expanding its market, medical outreach and education initiatives, emphasizing the value and advantages of its standardized, pharmaceutical grade medical cannabis products.

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<![CDATA[Fed Meeting Puts Dollar Traders in Suspense]]>Tue, 28 Jul 2015 10:35:00 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=22591
The U.S. Federal Reserve starts a two-day meeting on policy, then ending with a rate statement tomorrow at 2 p.m. ET. Traders are not expecting any major decisions from the Fed this week, but market players and investors will be looking for hints on the Fed's timing for possible future movements. While consensus for a rate hike is leaning towards September, a growing number of market watchers are suggesting two rate increases may be in the cards this year. Fed Chair Janet Yellen would need the labour markets and inflation to continue their long, slow and steady rise in the United States before this scenario could take shape. Experts would suggest she is more inclined to get one rate rise this year and see how the market digests this first before even implying a second hike is coming this year.

Experts expect a range today of $1.2974 to $1.3048 Canadian

The euro has weakened from yesterday’s close. No major event risk today, which is leaving the euro to trade on broader sentiments. The Euro peaked to a 7.5-month high of $1.4494 Canadian yesterday, until retracing most of its gains this morning. We have German Consumer Climate on deck tomorrow. The euro is currently trading at $1.4357 Canadian.

Observers expect a range today of $1.4300 to $1.4389 Canadian

The Great British Pound is essentially flat from yesterday’s close at $2.0281 Canadian. The U.K. economy grew in line with expectation in the second quarter, as GDP printed at 0.7%. In the preceding quarter, the economy grew 0.4% and y/y it expanded 2.6% in the second quarter. Policy expectations are still remains at a 58% chance of a 25 basis points rate hike over the next 12 months.

The Asian session was relatively quiet on the data front. Asian equities continues to extend its sell off with the Chinese market down for the third straight session. The People 's Bank of China’s liquidity injection helped to boost sentiment.

The Australian dollar is trading within yesterday’s range while the New Zealand was able to correct higher. Reserve Bank of New Zealand Governor Graeme Wheeler is scheduled to speak at 5:00 pm ET today.

Data Releases

CAD: No data

AUD: No data

EUR: No data

GBP: GDP + Cunliffe Speaks

JPY: No data

NZD: No data

USD: CB Consumer Confidence]]>
<![CDATA[Top Analysts Actions: CMCO, TEO, ECA, PCL, M ]]>Tue, 28 Jul 2015 12:47:00 ESThttp://www.baystreet.ca/articles.aspx?id=30997<![CDATA[DuPont (DD) Down on Lower Outlook]]>Tue, 28 Jul 2015 12:31:48 ESThttp://www.baystreet.ca/articles.aspx?id=30996<![CDATA[United Parcel Service (UPS) Leaps on Q2 Profit]]>Tue, 28 Jul 2015 12:28:00 ESThttp://www.baystreet.ca/articles.aspx?id=30995<![CDATA[KLA-Tencor (KLAC) Positive Despite Downgrade]]>Tue, 28 Jul 2015 12:25:47 ESThttp://www.baystreet.ca/articles.aspx?id=30994<![CDATA[SINA Corp (SINA) Continues Slump]]>Tue, 28 Jul 2015 12:23:54 ESThttp://www.baystreet.ca/articles.aspx?id=30993<![CDATA[AudioCodes (AUDC) Improves Despite Q1 Loss]]>Tue, 28 Jul 2015 12:22:02 ESThttp://www.baystreet.ca/articles.aspx?id=30992<![CDATA[Baidu Inc (BIDU) Plummets on Q2 Results]]>Tue, 28 Jul 2015 12:20:05 ESThttp://www.baystreet.ca/articles.aspx?id=30991<![CDATA[Amkor Technology (AMKR) Tumbles With Downbeat Q2 Results]]>Tue, 28 Jul 2015 11:57:20 ESThttp://www.baystreet.ca/articles.aspx?id=30990<![CDATA[Ford Motor Company (F) Boosted by Q2 Results]]>Tue, 28 Jul 2015 11:55:37 ESThttp://www.baystreet.ca/articles.aspx?id=30989<![CDATA[Sirius XM Holdings (SIRI) Gains on Q2 Earnings]]>Tue, 28 Jul 2015 11:54:02 ESThttp://www.baystreet.ca/articles.aspx?id=30988