Business
Slight gain at outset
Slight gain at outset
About this update from Mx Gold Corp.
[{"type":"text","content":"\nSlight gain at outset\n\nHousing numbers to roll in stateside\n Mar. 23, 2010 (Baystreet.ca) -- Canadian stocks may struggle to find direction Tuesday morning amid mixed clues. Commodities prices were paring their late-session gains yesterday, drifting lower in early morning deals.\n\nThe S&P/TSX Composite Index pulled ahead 22 points in the early going to 11,989.17. \n\nMeanwhile, Statistics Canada said the country's leading index rose again in February. \n\nHowever, lingering worries over the Greece debt situation may continue to weigh on investor sentiment, capping any big upside movements in the stocks. \n\nThe price of oil and bullion were marginally weak in early morning deals, after having recovered their intra-session losses in late deals yesterday. Crude for May was almost flat at $81.60, while gold for April eased $2.5 to $1,097 an ounce. \n\nMining stocks may be in play. In a major M&A deal, Quadra Mining and rival FNX Mining have agreed to merge a $1.51-billion all-stock deal. Each FNX share will be exchanged for 0.87 Quadra shares, valuing each FNX share at $15.12.\n\nMineral explorer Crowflight Minerals announced the appointment of Stephen Davies as its Chief Operating Officer.\n\nInvestment banker C.A. Bancorp Inc. reported breakeven net income for the fourth quarter, compared to a net loss of $0.39 per share for the year-ago quarter.\n\nOil and natural gas company Monterey Exploration reported lower funds from operations of $0.05 per share in the fourth quarter, compared to $0.11 per share in the prior-year quarter.\n\nOil and gas explorer Angle Energy reported lower net income for the fourth quarter at $0.04 per share, compared to $0.07 per share for the year-ago quarter.\n\nInformation technology company Glacier Media reported lower net income of $0.15 per share for 2009, compared to $0.30 per share for the year-ago quarter.\n\nGold mining company Jaguar Mining reported a wider fourth-quarter net loss of $0.36 per share, compared to a net loss of $0.05 per share in the prior year quarter. \n\nAgricultural products dealer Alliance Grain Traders reported diluted net income of $2.74 per share compared to $2.91 per share in the year ago period \n\nAutomobile dealer AutoCanada turned to profit, reporting fourth-quarter net earnings of $1.68 million, compared to a net loss of $67.12 million a year earlier.\n\nReal ...