Business
Lower open for TSX
Lower open for TSX
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nLower open for TSX\n\nCdn. CPI up\n Mar. 19, 2010 (Baystreet.ca) -- Canadian stocks may open lower Friday on easing commodities prices.\n\nSoon after Friday's opening bell, the S&P/TSX composite index fell back 39.98 points, to end the day at 12,000.03. \n\nAlso the just released inflation data, which came in above the economists' expectations, could increase speculation for a sooner-than-expected rate hike and in turn put pressure on the stocks, in general. Moreover profit taking at higher levels as the main index was hovering near its calendar year high could also put pressure\n\nThe price of oil eased for the second day. Oil and gas industry services provider Flint Energy Services turned to profit reporting fourth quarter net income of $0.32 per share, compared to a loss of $4.44 per share in the prior-year period.\n\nTransportation services provider Student Transportation said it has acquired Wilkerson Transportation Co. Inc., and expects this to add annualized revenues of $3 million. \n\nRetail stores operator Dollarama Inc. announced the appointment of Michael Ross as new Senior Vice President, CFO and Secretary, effective April 12.\n\nAfrican Barrick Gold plc announced that it will price its initial public offerings of 101.08 million new Ordinary Shares to institutional investors in the UK and elsewhere at 575 pence per Ordinary Share. The net proceeds, expected to be approximately £547 million, will be used to repay loans outstanding to Barrick Gold Corp. and its subsidiary companies.\n\nGold explorer Eldorado Gold reported net income of $0.26 per share for the full year 2009, compared to $0.46 per share for the full year 2008.\n\nGold producer Aurizon Mines turned to profit reporting fourth quarter net earnings of $0.06 per share, compared to a net loss of $0.03 per share last year.\n\nAgnico-Eagle Mines announced a private placement of senior secured notes aggregating $600 million.\n\nIron ore mining company Baffinland Iron Mines said that its President and CEO, Gordon McCreary, has resigned as an executive of the Company, effective immediately, and will continue as a director of the company.\n\nBase and precious metal miner Anvil Mining swung to profit in fourth-quarter reporting net income of $0.08 per share, compared to a loss of $2.12 in the prior-year quarter.\n\nFootwear retailer Sterling Shoes Income Fund...