Business
Slight open for stocks
Slight open for stocks
About this update from Kinross Gold Corporation
[{"type":"text","content":"\nSlight open for stocks\n\nGold, materials lead TSX\n Mar. 16, 2010 (Baystreet.ca) -- Canadian stocks are likely to move higher at open Tuesday as commodities prices ticked higher amid easing worries over the Greece situation.\n\nThe S&P/TSX composite index advanced 25.06 points to start the session at 12,033.86. \n\nEncouraging Canadian manufacturing sales data and productivity levels may help lift sentiment. Moreover, bank stocks may continue to build on their last session's late rally.\n\nEuropean ministers worked out a strategy for emergency loans to Greece, in case the country's $6.6-billion U.S. tax hikes and wage cut plans fail. \n\nAirlines stocks may be in play after German Air Berlin Plc said it will cut back its orders for Boeing aircraft by $1.7 billion U.S., to adapt to market conditions.\n\nIn the airlines space, commercial aircraft and rail equipments maker Bombardier Inc. priced its offering of $1.5-billion new Senior Notes, which will be partly used to fund the repurchase of up to $1.0 billion of its currently outstanding notes.\n\nAirlines operator WestJet Airlines announced the resignation of its President and CEO Sean Durfy effective April 1. \n\nIn other corporate news, mineral explorer First Quantum Minerals swung to profit in its fourth-quarter reporting net earnings of $2.67 per share, compared to a loss of $7.19 in the year-ago quarter. Further, the company expects its 2010 production to increase to 385,000 tonnes of copper and 240,000 ounces of gold.\n\nEnergy sector services provider Pulse Seismic reported fourth-quarter net income of $0.01 per share, compared to a loss of $0.03 per share in the prior-year period.\n\nOil and natural gas company Serica Energy Plc turned to profit in fourth-quarter reporting net income of $0.11 per share, compared to a loss of $0.16 per share in the prior year quarter.\n\nNatural gas explorer ProspEx Resources slipped to loss in the fourth quarter reporting net loss of $0.02 per share, compared to net earnings of $0.01 per share in the prior-year quarter.\n\nGold explorer Kinross Gold has entered into an agreement with Underworld Resources to offer 0.141 of a Kinross common share, plus $0.01 in cash for each common share of Underworld.\n\nIntermediate gold producer Alamos Gold reported improved fourth quarter earnings of $0.18 per share, compared to $0.10 per share in t...