Red Back Mining Inc. (T.RBI) hit a new 52-week high of $31.93; Red Back Mining Inc. announced that Glass, Lewis & Co., LLC has provided a positive recommendation regarding the proposed friendly combination with Kinross Gold Corporation. Glass Lewis has recommended that Red Back shareholders vote "FOR" the proposed acquisition of Red Back by Kinross.
The boards of directors of both Kinross and Red Back have unanimously approved the friendly business combination under a plan of arrangement, and have unanimously recommended that shareholders also vote in favour of the proposed acquisition.
BCE Inc. (T.BCE) hit a new 52-week high of $33.75; The Canadian Radio-television and Telecommunications Commission (CRTC) yesterday issued a very disappointing decision as to how funds accumulated in telecom company "deferral accounts" must be used to expand broadband service to rural and remote Canadian communities.
"Bell had hoped to bring the same world-leading wireless HSPA+ technology to small unserved communities in Ontario and Québec that we've rolled out to 93% of the Canadian population already. More than 100 such locations -- communities like La Patrie, Cloud Bay, Denbigh, Morson, Stratton, Wawa -- would have had access to the fastest mobile Internet access speeds and the latest voice and data products and services available.
"In fact, a significant number of these communities wrote letters of support for our HSPA+ proposal directly to the CRTC. Instead, the CRTC insists we roll out less-advanced DSL technology." said George Cope, President and CEO of Bell and BCE Inc.
Nevsun Resources Ltd. (T.NSU) hit a new 52-week high of $5.06; no news announcements today
Golden Queen Mining Co. Ltd. (T.GQM) hit a new 52-week high of $1.65; no news announcements today
Andean Resources Limited (T.AND) hit a new 52-week high of $4.85; no news announcements today
TransCanada Corporation (T.TRP) hit a new 52-week high of $38.50; no news announcements today
Monterey Exploration Ltd. (T.MXL) hit a new 52-week high of $8.68; no news announcements today
Shaw Communications Inc. (T.SJR.B) hit a new 52-week high of $22.06; no news announcements today
Fairfax Financial Holdings Limited (T.FFH) hit a new 52-week high of $425.25; no news
announcements today
Brookfield Asset Management Inc. (T.BAM.A) hit a new 52-week high of $27.86; no news announcements today
