BAYSTREET RSS FEED http://www.baystreet.ca/rss/MasterRSS.aspx en-us Copyright (c) 2014 Baystreet.ca Inc. All rights reserved. 12/22/2014 12:39:32 AM <![CDATA[Clearwater Seafoods "SECTOR PERFORM"]]>Fri, 19 Dec 2014 08:17:47 ESThttp://baystreet.ca/articles/analyst_ratings.aspx?20278<![CDATA[Oil bounces off 5-yr. lows]]>Wed, 17 Dec 2014 12:00:00 ESThttp://baystreet.ca/articles/commodities.aspx?id=542Wednesday, December 17, 2014


Oil bounces off 5-yr. lows


U.S. crude-oil futures bounced back sharply Wednesday, rebounding from a five-year low after data showed crude inventories declined, although less than forecast.

Light, sweet crude futures for delivery in January rose $2, or 3.6%, to $57.93 U.S. a barrel on the New York Mercantile Exchange. Oil had traded as low as $54.21 U.S. in earlier action, its lowest level since May 2009. Prices rose by two cents in the previous session, snapping a four-day losing streak.

Oil rebounded after the U.S. Energy Information Administration reported a smaller-than-expected decline in U.S. crude supplies in the week ended Dec. 12.

February Brent crude on London’s ICE Futures exchange rose $2.30, or 3.8%, to $62.31 U.S. a barrel after it also plumbed a five-year low in earlier action.

Crude inventories declined by 800,000 barrels in the week ended Dec. 12, the EIA said earlier Wednesday. Analysts polled by Platts had expected a decline of 2.5 million barrels.

Strategists said sellers appeared exhausted after a sharp plunge in crude accelerated this week.

The EIA also reported gasoline supplies rose by 5.3 million barrels, and inventories of distillates, which include heating oil, declined by 200,000 barrels. The analysts surveyed by Platts had expected gasoline inventories to rise by 2.3 million barrels, and distillate stocks to be up by 670,000 barrels.

Elsewhere in energy trading, gasoline for January delivery rose 3.6% to $1.5960 U.S. a gallon on the Nymex. January heating oil gained 3.8% to $2.0348 U.S. a gallon on the Nymex.

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<![CDATA[Big year for "Big Blue's" cloud business ]]>Thu, 18 Dec 2014 12:00:00 ESThttp://baystreet.ca/articles/techinsider.aspx?id=512Thursday, December 18, 2014

Big year for "Big Blue's" cloud business


IBM (NYSE: IBM) aims to expand the number of data centres it offers clients around the world by 25% to meet fast-rising demand for internet-based services, after what a company executive said has been a "breakthrough year" in 2014 for its cloud computing business.

The company known as "Big Blue" has quadrupled the number of cloud data facilities it offers around the world to 49 in the past 18 months, responding in part to laws requiring the local retention of data following revelations over U.S. government Web surveillance as well as increased corporate compliance rules.

The company said on Wednesday it has now struck a partnership with data center provider Equinix Inc for nine more cloud centers in Australia, France, Japan, Singapore, The Netherlands and the United States.

In addition, the company is opening up three new cloud computer facilities of its own in Germany, Mexico and Japan.

The information technology giant, which is contending with a change in its classic business mix of software and outsourcing services as corporate clients focus on reaching their customers via the Internet and mobile phones, said its own cloud business is having a banner year.

IBM's cloud revenue amounted to $4.4 billion U.S. in 2013 and was up by 50% in the first nine months of this year, it reported in October, making it one of IBM's fastest-growing businesses, although it still accounts for only a fraction of the $94 billion U.S. in total revenues which IBM is expected by analysts to generate this year.

IBM stock improved $3.00, or nearly 2%, by midday Thursday over Wednesday's close, to $154.93 U.S., within a 52-week trading range from $150.50 U.S. to $199.21 U.S.

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<![CDATA[Economic Calendar]]>Mon, 22 Dec 2014 12:39:32 ESThttp://baystreet.ca/articles/econ_calendar.aspx?id=18125December 2014
 

DATE

STATISTIC FOR CURRENT MONTH PREVIOUS MONTH
Wednesday, December 03, 2014 BoC Rate Announcement: 10am --- Bank of Canada Governor Stephen Poloz is keeping the trend-setting interest rate at 1% ---
Wednesday, December 03, 2014 RBC Manufacturing PMI: 9:30am Nov 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. ---
Thursday, December 04, 2014 IVEY Purchasing Managers Index: 10:00am Nov 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. Western University said its IVEY purchasing managers’ index fell to 51.2 last month from 58.6 in September. Analysts had expected the index to decline to 57.0 in October.
Friday, December 05, 2014 Labour Force Survey: 7:00am Nov 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% Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008.
Friday, December 05, 2014 Canadian International Merchandise Trade: 8:30am Oct 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. Canada's merchandise imports declined 1.5% in September, while exports rose 1.1%. As a result, Canada's trade balance with the world went from a deficit of $463 million in August to a surplus of $710 million in September.
Monday, December 08, 2014 Building Permits: 8:30am Oct The total value of building permits was $7.5 billion in October, edging up 0.7% from September. Municipalities issued building permits worth $7.5 billion in September, up 12.7% from August, following a 27.3% decrease the previous month.
Monday, December 08, 2014 Housing Starts: 8:15am Nov 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. A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts declined to 183,604 units last month from a revised 197,355 units in September.
Thursday, December 11, 2014 New Housing Price Index: 8:30am Oct Statistics Canada's New Housing Price Index rose 0.1% in October, following an identical increase in September. Statistics Canada reported this morning that its New Housing Price Index rose 0.1% in September, following a 0.3% increase in August.
Monday, December 15, 2014 CREAstats - MLS Sales: 8:30am Nov 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. According to statistics released today by The Canadian Real Estate Association, national home sales rose 0.7% from September to October. Actual (not seasonally adjusted) activity stood 7% above October 2013 levels.
Tuesday, December 16, 2014 Canada's International Transactions in Securities: 8:30am Oct 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. Canadian acquisitions of foreign securities resumed in September as investors added $8.6 billion worth of these instruments to their holdings. Meanwhile, foreign investment in Canadian securities slowed to $4.4 billion and mainly focused on instruments from the private corporate sector.
Tuesday, December 16, 2014 Monthly Survey of Manufacturing: 8:30am Oct Manufacturing sales declined 0.6% in October, the second decrease in 2014. Manufacturing sales increased 2.1% in September to $53.0 billion, the eighth gain in nine months.
Wednesday, December 17, 2014 Wholesale Trade: 8:30am Oct Wholesale sales edged up 0.1% to $54.2 billion in October, a second consecutive monthly increase. Wholesale sales rose 1.8% to $54.0 billion in September.
Thursday, December 18, 2014 Employment Insurance: 8:30am Oct 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%. The number of people receiving regular Employment Insurance benefits in September was 494,400, little changed from the previous month. Compared with September 2013, the number of beneficiaries decreased by 18,000 or 3.5%.
Friday, December 19, 2014 Retail Trade: 8:30am Oct 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. Retail sales rose 0.8% in September to $42.8 billion, largely as a result of higher sales at motor vehicle and parts dealers.
Friday, December 19, 2014 Consumer Price Index: 7:00am Nov 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. Consumer prices rose 2.4% in the 12 months to October, following a 2.0% increase in September.
Tuesday, December 23, 2014 GDP: 8:30am Oct --- Real gross domestic product rose 0.7% in the third quarter, following a 0.9% gain in the second quarter. On a monthly basis, real GDP by industry increased 0.4% in September.
Tuesday, January 06, 2015 Raw Materials Price Index: 8:30am Nov --- The Raw Materials Price Index declined 4.3% in October, largely as a result of lower prices for crude energy products.
Tuesday, January 06, 2015 Industrial Product Price Index: 8:30am Nov --- The Industrial Product Price Index decreased 0.5% in October, mainly because of lower prices for energy and petroleum products.
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<![CDATA[Inflation cools on cheaper fuels]]>Fri, 19 Dec 2014 12:00:00 ESThttp://baystreet.ca/articles/economiccommentary.aspx?id=1273Inflation cools on cheaper fuels


Canada's inflation rate cooled to two per cent in November, down from 2.4% the previous month mainly due to a sharp decline in gasoline prices.

Statistics Canada said Friday that gasoline prices declined almost 6% last month, down to their lowest level since February 2011 and enough to drag the overall inflation rate lower.

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<![CDATA[Asia rises on U.S. Fed stance ]]>Fri, 19 Dec 2014 12:00:00 ESThttp://baystreet.ca/articles/foreignmarketwrap.aspx?id=2021Friday, December 19, 2014

Asia rises on U.S. Fed stance



Stocks in Japan and Australia led Asia higher for a second day on Friday, as investor confidence continued to be bolstered by expectations the U.S. is in no rush to raise interest rates.

In Japan, the Nikkei 225 leaped 411.35 points, or 2.4%, on top of yesterday’s near-400-point hike, to conclude the week 17,621.40

In Hong Kong, the Hang Seng index spiked 284.42 points, or 1.3%, to 23,116.63, after Thursday’s climb 246-point surge.

The U.S. dollar rose to ¥119.32, from ¥118.83 late Thursday in New York. Rising interest rates draw investors looking for bigger returns into dollar-denominated bonds, and a stronger dollar is often a boon for Japanese exporters who repatriate dollar earnings from overseas to home.

Materials and utilities stocks led in Australia, as the latest indications from the U.S. Fed appeared to overshadow concerns that lower commodities prices would pressure the nations’ producers.

For the week, Japan and Australia outperformed in the Asia-Pacific region, but Asia’s emerging markets — Vietnam and the Pakistan in particular — were battered by a combination of concerns that include the prospect of eventually tighter monetary policy in the U.S., and a bout of volatility in the region’s currencies.

Those worries were on display during an emerging market selloff earlier in the week.

Benchmark oil futures on the New York Mercantile Exchange traded at $54.72 U.S. a barrel late in the day in Asia, after touching $54.11 U.S., their lowest level in more than five years overnight. Most countries in Asia are net oil importers so lower oil prices are generally welcome news.

CHINA

Shanghai’s CSI 300 index regained 37.24 points, or 1.1%, to 3,383.17.

Stocks in the mainland, largely shielded from the worries abroad, jumped 5.8% this week, putting them up 23% since Nov. 21, when China’s central bank surprised markets with an interest-rate cut.

In other markets;

Singapore’s Straits Times Index added 35.88 points, or 1.1%, to 3,279.53

The Taiex index in Taiwan hiked 120.89 points, or 1.4%, to 8,999.52

Korea’s Kospi index moved higher 32.48 points, or 1.7%, to 1,929.98

New Zealand’s Exchange 50 inched up 9.27 points, or 0.2%, to 5,527.75

Australia’s S&P/ASX 200 spiked 127.87 points, or 2.5%, to 5,388.65

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<![CDATA[New challenges for Cuba]]>Fri, 19 Dec 2014 12:00:00 ESThttp://baystreet.ca/articles/globalmarkets.aspx?id=1276For decades, it was Cuba's first response to criticism.

Poor economic performance? An obvious effect of a U.S. trade embargo that amounted to a blockade of the island nation by a bullying superpower.

Arrests of dissidents? A legitimate act of self-defense against mercenaries working for the world's richest nation, which backed the failed Bay of Pigs invasion and plots to assassinate revolutionary leader Fidel Castro.

Now, though, with Washington agreeing to restore full diplomatic ties that were cut in the early 1960s, Cuba's communist government may not be able to blame its old Cold War nemesis so readily.

With that now a greater possibility, however, there are risks.

Latin American countries and others that supported Cuba in its long battle against the United States may become less tolerant of its one-party rule, repression of dissidents and strict controls over the economy and the media if the U.S. threat disappears.

President Raul Castro, 83, has pushed through market-style economic reforms since taking over from his ailing older brother Fidel in 2008.

On the day he took office, he said Cubans should not use the embargo as an excuse for perennial shortages and economic hardship and he poked fun at the blame game in a 2010 appearance before parliament.

But his reforms are slow-moving and he has said the wider goal is to strengthen Cuban socialism, not weaken it.

So it was no surprise that even when announcing the U.S.-Cuban political breakthrough, simultaneously with President Barack Obama in separate speeches, Castro also reminded the world the sanctions were still in place.

Cuba estimates the sanctions have cost its economy about $117 billion U.S. in lost trade and extra costs, including nearly $4 billion U.S. in the most recent annual estimate.

Critics say Cuba exaggerates the costs and has found commercial workarounds with friendlier nations but the impact of not trading directly with the United States has been huge - from lost sales of sugar and other products to the inability to import cheap medicines.

Obama can significantly weaken the U.S. sanctions with executive authority and the White House has said it hopes the U.S. Congress will formally lift the embargo before Obama leaves office in January 2017.

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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]]><![CDATA[Markets close on high note]]>Fri, 19 Dec 2014 12:00:00 ESThttp://baystreet.ca/articles/marketupdates.aspx?id=3845Friday, December 19, 2014

04:31 PM EST
Markets close on high note

BlackBerry provides drag


WEEKLY MARKET WRAP UP



The Toronto stock market was higher Friday, adding to a string of solid gains as investors continue to buy up stocks oversold during the course of a fall selloff.

The S&P/TSX composite index was positive 121.51 points to conclude the last full week of 2014 at 14,468.26, after charging ahead about 650 points over the last three sessions.

The Canadian dollar slid 0.21 cents to 86.17 cents U.S.

BlackBerry was a drag on the TSX. The smartphone maker posted a profit of one cent a share after adjustments, beating expectations for a loss of five cents a share, but revenue was short of estimates.

The company narrowed its net loss to $148 million U.S. or 28 cents, an improvement from a year ago loss of $4.4 billion or $8.39 in the same period a year ago. BlackBerry's revenue was $793 million U.S. versus analyst predictions of $931 million U.S., and down from $1.19 billion a year ago.

BlackBerry shares docked 12 cents, or 1%, to $11.55.

On the Toronto market, the energy sector by far has been the biggest beneficiary of a three-day run of bargain-hunting that has sent the component up about 12% for this week.

The sector is still down 20% year to date, having been positive the same amount mid-summer before oil prices started to collapse amid demand worries but especially because of a huge supply imbalance.

Imperial Oil improved $1.30, or 2.6%, to $51.17

The base metals sector was ahead while March copper gained three cents to $2.89 U.S. a pound. Teck Resources tacked on 48 cents, or 3.2%, to $15.41.

The gold sector rose, though Barrick Gold fell 26 cents, or 2%, to $12.59.

The industrials group was the major decliner, as Bombardier fell five cents, or 1.2%, to $3.97

On the economic sheet, inflation figures proved a mixed bag last month, Statistics Canada reporting that 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.

Retail sales were relatively unchanged in October, holding at $42.8 billion. Lower sales at motor vehicle and parts dealers and gasoline stations offset higher sales in most other sub-sectors. Gains were reported in six of 11 sub-sectors, representing 42% of retail trade.

ON BAYSTREET

The TSX Venture Exchange gained 11.04 points to 676.54

All but three of the 14 Toronto subgroups were higher, with energy gathering 3.5%, global base metals up 2%, and consumer staples up 1.7%.

The three laggards proved to be gold, down 1.3%, industrials, sliding 0.7%, and materials, off 0.01%.

ON WALLSTREET

U.S. stocks rose for a third session on Friday, with the S&P 500 tallying its second best week in nearly two years.

The Dow Jones Industrials moved up 26.65 points to finish at 17,804.80, leaving it 3% ahead of the week-ago finish.

Nike led blue-chip losses after the sporting-goods maker's future orders disappointed.

The S&P 500 gained 9.42 points to 2,070.65, with energy rising the most and consumer staples the sole laggard of its 10 major sectors.

The S&P rose 3.4% for the week

The NASDAQ index tacked on 16.98 points to 4,765.38

BlackBerry fell after the wireless-device maker posted a larger-than-expected decline in quarterly revenue.

CarMax gained after the used-car seller reported a 16% rise in quarter revenue.

Prices for 10-year U.S. Treasuries gained, lowering yields to 2.18% from Thursday’s 2.20%. Treasury prices and yields move in opposite directions.

Oil prices gained $2.80 per barrel to $56.91 U.S.

Gold prices hiked one dollar an ounce at $1,195.80 U.S.





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<![CDATA[Stocks in Play: Graphene 3D Lab Inc.]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17065Friday, December 19, 2014

09:52 AM EST - Graphene 3D Lab Inc. : announced that the Company intends to complete, subject to regulatory approval, a non-brokered private placement financing pursuant to which a total of 1,000,000 units (Units) will be available for subscription at a price of $1.00 per unit for gross proceeds of $1,000,000. Each Unit is comprised of one common share and one half warrant common share purchase. Each whole warrant entitles the holder to purchase a common share for $1.25 for a period of two years. The company intends use the financing for further research and development and general working capital. Graphene 3D Lab Inc. (V.GGG) shares were down $0.04 at 0.95.

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<![CDATA[Stocks in Play: BlackBerry Limited]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17066Friday, December 19, 2014

09:53 AM EST - BlackBerry Limited : reported financial results for the three months ended November 29 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated). Revenue for the third quarter of fiscal 2015 was $793 million. Non-GAAP profit for the third quarter was $6 million, or $0.01 per share, reversing a loss of $0.02 last quarter. GAAP net loss for the quarter was $148 million, or $0.28 per share. BlackBerry Limited (T.BB) shares were down $0.93 at 10.74.

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<![CDATA[Stocks in Play: Mezzi Holdings Inc.]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17067Friday, December 19, 2014

09:59 AM EST - Mezzi Holdings Inc. : announced that it has submitted the Mezzi app to the Apple iTunes store pending approval. Mezzi Holdings Inc. (V.MZI) shares were unchanged at 0.09.

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<![CDATA[Stocks in Play: Liquor Stores N.A. Ltd.]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17068Friday, December 19, 2014

10:0 AM EST - Liquor Stores N.A. Ltd. : announced that it has closed its previously announced offering of 3,927,250 common shares of the Company at a price of $14.65 per Common Share for aggregate gross proceeds of approximately $57,534,212. Liquor Stores N.A. Ltd. (T.LIQ) shares were up $0.07 at 14.89.

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<![CDATA[Stocks in Play: Thomson Reuters Corporation ]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17069Friday, December 19, 2014

11:2 AM EST - Thomson Reuters Corporation : announced a new U.K. edition of its news app for iOS and Android devices. This is the first time a U.K. edition of the Reuters app has been available for download, and it launches alongside new versions in Chinese and Japanese, each customized to deliver regionally-relevant content as well as global news coverage. Thomson Reuters Corporation (T.TRI) shares were up $0.19 at 46.32.

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<![CDATA[Stocks in Play: Orex Minerals Inc. ]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17070Friday, December 19, 2014

11:2 AM EST - Orex Minerals Inc. : has received complete results from 2014 diamond drilling on its 100%-owned Jumping Josephine property, in southern British Columbia. Nine holes targeted extensions beneath the existing NI43-101 compliant gold resource at Jumping Josephine (JJ Main area - nine holes for 3,903 metres). The second phase comprised 16 reconnaissance holes and tested five additional prospect areas (16 holes for 4,212m). Orex Minerals Inc. (V.REX) shares were down $0.04 at 0.25.

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<![CDATA[Stocks in Play: Alterra Power Corp.]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17071Friday, December 19, 2014

11:41 AM EST - Alterra Power Corp. : has received $22.5 million of funds related to Tranche B of its previously announced $110-million holding company loan facility. The funds will be used as part of Alterra's equity capital for the Shannon wind project, which is projected at approximately $45 million U.S. The third tranche of the loan facility ($20.3 million U.S) is expected to be drawn in the first quarter of 2015, concurrently with the Shannon project financing. Alterra Power Corp. (T.AXY) shares were unchanged at 0.33.

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<![CDATA[Stocks in Play: Morien Resources Corp. ]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17072Friday, December 19, 2014

11:42 AM EST - Morien Resources Corp. : has closed a private placement with Atlantic Royalty LLC, a subsidiary of The Cline Group, LLC, for 3.45 million common shares in the Company at $0.30 per share for gross proceeds of $1,035,000. The Private Placement was priced at a 58% premium to the Company's 10-day volume weighted average price at the time of signing the subscription agreement on December 12. Morien Resources Corp. (V.MOX) shares were unchanged at 0.18.

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<![CDATA[Stocks in Play: Delphi Energy Corp.]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17073Friday, December 19, 2014

00:45 PM EST - Delphi Energy Corp. : reported that its lenders have completed their semi-annual review of the Company's senior credit facility resulting in a $20-million increase in the facility to $190 million. The increase to the credit facility will be effective December 18. All other terms of the credit facility remain unchanged. Delphi Energy Corp. (T.DEE) shares were up $0.14 at 1.51.

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<![CDATA[Stocks in Play: MediaValet ]]>Fri, 19 Dec 2014 09:51:03 ESThttp://baystreet.ca/articles/stocksinplay.aspx?id=17074Friday, December 19, 2014

00:47 PM EST - MediaValet : announced that The Montpelier Foundation -- the non-profit organization dedicated to bringing to life the home and contributions of President James Madison, the Father of the Constitution, and Dolley Madison, America's 1st First Lady -- has selected MediaValet to aggregate, organize, share and secure its vast collection of archaeological, academic, and educational videos, hi-res photos, and brand materials. MediaValet (V.MVP) shares were unchanged at 0.04.

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<![CDATA[BluMetric Awarded Million-Dollar Contract for Water Treatment Plant]]>Wed, 17 Dec 2014 04:40:57 ESThttp://baystreet.ca/articles/stockstowatch.aspx?id=824Wednesday, December 17, 2014

BluMetric Awarded Million-Dollar Contract for Water Treatment Plant


Minimizing the environmental impact of mining is a primary priority, especially as to how it relates to water resources. There are many strategies to prevent the release of contaminants into the environment and to keep any existing groundwater pure, including diverting surface water, covers for waste, etc. Clean technologies have made great advancements over the years as well, providing another valuable resource for miners in a bid to maintain regulatory compliance.

Ottawa-based BluMetric Environmental Inc. (TSX-Venture:BLM) operates through two divisions: professional services and water, with its clients spanning many industries and different levels of government. The company’s water division is comprised of WESAtech and Seprotech, companies specializing in water purification.

Venture exchange listed companies are often developmental companies with little to no revenue, but BluMetric goes against that grain. In August, the company reported $20.74 million in revenue during the first three quarters of the fiscal year (through June 30). That was up slightly from $19.6 million in the year prior period. Net loss for the year to date was $1.23 million, or 5 cents a share, matching the per share loss from the period ended May 30, 2013.

BluMetric said that sales during the third quarter, which had revenue of $6.5 million, compared to $7.27 million a year earlier, were negatively impacted by two major projects experiencing start-up delays over which the Company had no control. BluMetric ran leaner during the quarter anyway, shaving the new loss to $291,000, or one cent per share, from $773,000, or three cents per share, in the year-prior quarter. To that point, investors should be looking for the full fiscal year report in the near future.

On Wednesday, BluMetric said that it was awarded a $1.1-million contract to design and deliver a water treatment plant to a northern Ontario mine for a "large, multinational mining company." As is often the case, the miner’s name was not disclosed. The purpose of the plant is to remove dissolved metals, ammonia and other contaminants to ensure that infiltration water pumped from the mine site
meets the requirements of the Ministry of the Environment. The treatment plant is expected to be delivered within three months.

The plant is designed to be modular so it can be moved to future locations and includes BluMetric’s first industrial use of LG’s advanced membrane products. LG manufactures a series of membrane products and solutions for the water treatment process, including a new product dubbed G-Brane.

"This contract is a result of our team’s ability to approach each customer’s situation with innovative thinking, solve site-specific problems, and still deliver quickly," said Dan Scroggins, President of BluMetric’s Water Division. Scroggins added that his company’s broad experience in alternative treatment methods, regulations and practical "can-do" response are keys to success in the sector."

Although BluMetric is generally a thinly traded stock on a daily basis, it’s a bit of a surprise that not a share has traded late in Wednesday’s session in response to the news. The stock has been plumbing 52-week lows at 10 cents for the last couple months and has edged its way upward recently to 15 cents.

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<![CDATA[Inflation leaves currency traders cold]]>Fri, 19 Dec 2014 10:30:41 ESThttp://baystreet.ca/articles/forex_trader.aspx?id=20287
Experts expect a range today of 1.1564 to 1.1672 Canadian

The euro continues to stay under pressure. A Reuters headlines reported the European Central Bank is contemplating having the weaker euro-zone countries bear more Quantative Easing risk. They announced that 7.1 billion euro would be repaid in Long-Term Refinancing Operations which is lower than the previous two weeks. The euro opened at 1.4257 Canadian this morning.

Observers expect a range today of 1.4202 to 1.4345 Canadian

The pound is up 20 basis points from yesterday’s close. There's no major risk event today, but Gross Domestic Product will be release next week. The sterling is currently trading at 1.8167 Canadian.

The Australian dollar is up 25 bps from yesterday’s close, at 0.9485 Canadian. No data release overnight or before the holiday break, but the Aussie is coming off its lows.

The New Zealand dollar is up 25 bps, from yesterday’s close at 0.9026 Canadian, as the National Bank of New Zealand Business Confidence printed at 30.4 and supported the kiwi, which reached a high of 0.9052 Canadian before retracing half of its gain.

Data Releases

CAD: CPI + Retail Sales

AUD: No data

EUR: German Consumer Confidence Survey

GBP: No data

JPY: No data

NZD: No data

USD: No data

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