C10 RED DEER ADVOCATE Saturday, June 07, 2014
MARKETS SNC Lavalin Group. . . . . 54.90 Stantec Inc. . . . . . . . . . . 66.95 Telus Corp. . . . . . . . . . . . 41.06 Transalta Corp.. . . . . . . . 12.63 Transcanada. . . . . . . . . . 50.73
COMPANIES OF LOCAL INTEREST Friday’s stock prices supplied by RBC Dominion Securities of Red Deer. For information call 341-8883.
Diversified and Industrials Agrium Inc. . . . . . . . . . . . 99.23 ATCO Ltd.. . . . . . . . . . . . 5124 BCE Inc. . . . . . . . . . . . . . 50.43 Bombardier . . . . . . . . . . . . 3.82 Brookfield . . . . . . . . . . . . 47.59 Cdn. National Railway . . 67.31 Cdn. Pacific Railway. . . 196.43 Cdn. Utilities . . . . . . . . . . 39.12
Capital Power Corp . . . . 26.02 Cervus Equipment Corp 20.52 Dow Chemical . . . . . . . . 53.13 Enbridge Inc. . . . . . . . . . 51.23 Finning Intl. Inc. . . . . . . . 29.46 Fortis Inc. . . . . . . . . . . . . 31.94 General Motors Co. . . . . 36.55 Parkland Fuel Corp. . . . . 21.38 Sirius XM . . . . . . . . . . . . . 7.21
MARKETS CLOSE TORONTO — The Toronto stock market closed modestly higher Friday amid a solid U.S. employment report for May and weak Canadian jobs data. The S&P/TSX composite index was up 38.72 points to 14,838.9, weighed down by mining stocks as copper and gold prices lost ground. The Canadian dollar was slightly lower as job creation figures for Canada came in above expectations, up 25,800 for the month. But Statistics Canada said the gains were part-time and the unemployment rate edged up to seven per cent from 6.9 per cent as more Canadians went looking for work in May. The U.S. Labor Department said the American econ-
omy cranked out 217,000 jobs, roughly in line with expectations. That’s down from 282,000 in April, which was revised slightly lower. Despite the gains, the unemployment rate remained 6.3 per cent. Industrials led TSX gainers, up 1.3 per cent. Air Canada (TSX:AC.B) shares rocketed to a 52-week high amid an upgrades from Walter Spracklin of RBC Capital Markets. Commodity markets were mixed in the wake of the jobs data with July crude in New York 18 cents higher to US$102.66 a barrel. The TSX energy sector was ahead 0.34 per cent as the Financial Times reported that EU officials have decided to change a draft of a fuel quality directive, something Canadian officials have lobbied
Consumer Canadian Tire . . . . . . . . 105.30 Gamehost . . . . . . . . . . . . 15.80 Leon’s Furniture . . . . . . . 14.37 Loblaw Ltd. . . . . . . . . . . . 47.45 Maple Leaf Foods. . . . . . 18.56 Rona Inc. . . . . . . . . . . . . 11.10 Tim Hortons . . . . . . . . . . 59.73 Wal-Mart . . . . . . . . . . . . . 77.21 WestJet Airlines . . . . . . . 26.34 Mining Barrick Gold . . . . . . . . . . 17.52 their European counterparts to do. Proposed EU environmental legislation would have set heavy penalties on petroleum products made from Alberta’s oilsands, citing higher carbon emissions associated with its production. Prime Minister Stephen Harper has suggested that Europe should reduce its dependence on Russian energy supplies and look to Canada for some of its energy. The TSX was weighed down by a 1.87 per cent slide in the base metals sector, while July copper fell four cents to US$3.05 a pound. The gold sector lost about 0.3 per cent as August bullion shed early gains to decline 80 cents to US$1,252.50 an ounce. MARKET HIGHLIGHTS
Cameco Corp. . . . . . . . . 21.00 First Quantum Minerals . 21.69 Goldcorp Inc. . . . . . . . . . 25.14 Hudbay Minerals. . . . . . . . 9.71 Kinross Gold Corp. . . . . . . 4.26 Potash Corp.. . . . . . . . . . 38.61 Sherritt Intl. . . . . . . . . . . . . 4.66 Teck Resources . . . . . . . 23.64 Energy Arc Energy . . . . . . . . . . . 32.70 Badger Daylighting Ltd. . 38.57 Baker Hughes. . . . . . . . . 72.00 Bonavista . . . . . . . . . . . . 16.55 Bonterra Energy . . . . . . . 59.41 Cdn. Nat. Res. . . . . . . . . 45.99 Cdn. Oil Sands Ltd. . . . . 23.03 Canyon Services Group. 16.46 Cenovous Energy Inc. . . 32.42 TORONTO — Highlights at the close of Friday at world financial market trading. Stocks: S&P/TSX Composite Index — 14,838.90, up 38.72 points TSX Venture Exchange — 987.45, up 1.53 points TSX 60 — 848.20, up 2.46 points Dow — 16,924.28, up 88.17 points S&P 500 — 1,949.44, up 8.98 points Nasdaq — 4,321.40, up 25.17 points Currencies at close: Cdn — 91.49 cents US, down 0.01 of a cent Pound — C$1.8368, down 0.03 of a cent Euro — C$1.4914, down 0.12 of a cent
CWC Well Services . . . 10500. Encana Corp. . . . . . . . . . 25.38 Essential Energy. . . . . . . . 2.54 Exxon Mobil . . . . . . . . . 101.60 Halliburton Co. . . . . . . . . 66.98 High Arctic . . . . . . . . . . . . 5.59 Husky Energy . . . . . . . . . 35.98 Imperial Oil . . . . . . . . . . . 53.98 Pengrowth Energy . . . . . . 7.19 Penn West Energy . . . . . 10.54 Pinecrest Energy Inc. . . . 0.120 Precision Drilling Corp . . 14.55 Suncor Energy . . . . . . . . 42.85 Talisman Energy . . . . . . . 10.98 Trican Ltd.. . . . . . . . . . . . 16.56 Trinidad Energy . . . . . . . 12.00 Vermilion Energy . . . . . . 74.92
Euro — US$1.3642, down 0.15 of a cent Oil futures: US$102.66 per barrel, up 18 cents (July contract) Gold futures: US$1,252.50 per oz., down 80 cents (August contract) Canadian Fine Silver Handy and Harman: $21.594 oz., down 5.9 cents $694.25 kg., down $1.89 ICE FUTURES CANADA WINNIPEG — ICE Futures Canada closing prices: Canola: July ’14 $3.50 higher $463.00; Nov. ’14 $3.50 higher $462.10; Jan ’15 $3.30 higher $467.60; March ’15 $3.40 higher $470.40; May ’15 $3.40 higher
Financials Bank of Montreal . . . . . . 76.66 Bank of N.S. . . . . . . . . . . 70.47 CIBC . . . . . . . . . . . . . . . . 97.01 Cdn. Western . . . . . . . . . 39.23 Carefusion . . . . . . . . . . . . 9.02 Great West Life. . . . . . . . 29.46 IGM Financial . . . . . . . . . 54.66 Intact Financial Corp. . . . 74.36 Manulife Corp. . . . . . . . . 20.82 National Bank . . . . . . . . . 45.67 Rifco Inc.. . . . . . . . . . . . . . 5.30 Royal Bank . . . . . . . . . . . 74.73 Sun Life Fin. Inc.. . . . . . . 38.18 TD Bank . . . . . . . . . . . . . 54.87
$472.40; July ’15 $3,50 higher $474.20; Nov ’15 $4.70 higher $476.40; Jan. ’16 $4.70 higher $470.40; March ’16 $4.70 higher $473.90; May ’16 $4.70 higher $473.90; July ’16 $5.50 higher $473.90. Barley (Western): July ’14 unchanged $145.00; Oct. ’14 unchanged $145.00; Dec. ’14 unchanged $147.00; March ’15 unchanged $148.00; May ’15 unchanged $148.00; July ’15 unchanged $148.00; Oct. ’15 unchanged $148.00; Dec. ’15 unchanged $148.00; March ’16 unchanged $148.00; May ’16 unchanged $148.00; July ’16 unchanged $148.00. Friday’s estimated volume of trade: 476,240 tonnes of canola; 0 tonnes of barley (Western Barley) Total: 476,240.
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MATTIE McCULLOUGH ELEMENTARY SCHOOL German national soccer player Mesut Ozil is visible on the facade of a publisher’s building at Alexanderplatz square in Berlin, Germany, Friday. Sportswear manufacturer Adidas has put up the advertisement on the entire facade of the building prior to the soccer World Cup tournament in Brazil.
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Quebec iron firm says mine railway feasibility study could stimulate investment MONTREAL — A Quebec iron ore exploration company says the provincial government’s financial support to study building a railway link in northern Quebec’s Labrador Trough region could stimulate investment and create new jobs. “At a time of uncertainty in investment markets regarding the outlook for iron ore, this decision will be seen as a defining point in the history of the mining industry in Quebec,” said Champion Iron chairman Michael O’Keeffe. Iron ore prices have slumped to two-year lows, prompting miners to delay projects. Analyst Jackie Przybylowski of Desjardins Capital Markets doesn’t believe there is as much demand for a multi-user rail line as the industry thought in the past couple of years. “Although a feasibility study is a good start, it certainly doesn’t guarantee that a rail line is going to get built,” she said. The Quebec government committed in Wednesday’s budget up to $20 million towards a feasibility study on the construction of a railway line connecting the iron ore deposits with the Port of Sept-Iles.
Funding for the study will be conducted with private partners. The new government said developing the mining potential of the region is a “cornerstone” of its relaunched Northern Quebec economic development plan. The study will estimate costs and determine the best railway option, including increasing capacity on existing lines and the building a new one. Canadian National Railway (TSX:CNR) put its own feasibility study on ice more than a year ago due to delays in mining projects because of low iron ore prices. The country’s largest railway had been working with several mining companies and the Caisse de depot pension fund on a study into a transportation line and terminal handling facility, which analysts had estimated could cost $5 billion. Spokesman Mark Hallman said that while CN’s project remains on hold, it is “available to co-operate” with the government. The Labrador Trough is among the world’s largest iron ore deposits, with annual production of some 50 million tonnes. Global miners including Arcelor Mittal and Rio Tinto have assets in the region.
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