U.S. Markets Feb. 10-13
With the passage of U. S. President Barack Obama’s US$787-billion stimulus package in Congress on Feb. 13, the Dow Jones Industrial Average fell 420.46 points, or 5.4%, to close the Feb. 10-13 reporti…
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TSX Venture Exchange Feb. 10-13
It was modest gains on the S&P/TSX Venture composite index for the truncated Feb. 10-13 reporting period. The Venture board gained 24.54 points to close the week at 925.64 points. It posted gains …
Toronto Stock Exchange Feb. 10-13
The TSX was down during the holiday-shortened Feb. 10-13 trading period, with the S&P/TSX composite index losing 369 points, or 4.1%, to 8,678. The drop was triggered by doubts about the effective…
Victoria Gold Bids For StrataGold
Nevada-focused Victoria Gold (VIT-V, VITFF-O) has made a friendly offer for StrataGold (SGV-T, SAGDF-O) in pursuit of its advanced Dublin Gulch gold project in the Yukon.
Quadra Mining To Buy Centenario Copper
VANCOUVER — Patience has paid off for Quadra Mining (QUA-T, QADMF-O). The Vancouver-based company, which has been quietly stockpiling cash from its Robinson copper-gold mine in Nevada, waiting for th…
Canadian Gold Mutual Funds (February 23, 2009)
as of Dec. 31/08
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…
Cadiscor And Tiomin To Combine
The proposed merger of Cadiscor Resources (CAO-V, CADRF-O) and Tiomin Resources (TIO-T, TMIRF-O) will create a new company that will be well capitalized to become an intermediate gold producer, manage…
Japanese Consortium Buys Into Uranium One
Uranium One (UUU-T, SXRZF-O) will raise $270 million through a private placement with a Japanese consortium made up of Tokyo Electric Power Co., Toshiba Corp., and the Japan Bank for International Coo…
Exchange Rates (February 23, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 16 Feb. 13 Feb. 12 Feb. 11 Feb. 10 US$ in C$ 1.2437 1.2433 1.2477 1.2424 1.2332 C$ in US$ 0.8041 0.8043 0.8015 0.8049 0…
Lending Rates (February 23, 2009)
as of 9 a. m. ET. Feb. 17, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Colossus Advances Serra Pelada, Raises $20.5M
The first systematic assay results for the full suite of platinum group elements at Colossus Minerals’ (CSI-T, COLUF-O) Serra Pelada project in Brazil appear to confirm what Vic Wall, the company’s pr…