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  #61  
Old Posted Dec 1, 2007, 4:08 PM
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  #62  
Old Posted Dec 1, 2007, 5:21 PM
Greco Roman Greco Roman is offline
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Originally Posted by Waterlooson View Post
Hey, I don't see a single resident from Winnipeg or London on that list... what's going on?
And your point being....................................
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  #63  
Old Posted Dec 1, 2007, 5:57 PM
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And your point being....................................
Read through Waterlooson's post history and you'd know.
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  #64  
Old Posted Dec 11, 2007, 8:11 AM
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Toronto, Montreal exchanges announce $1.3B merger
Last Updated: Monday, December 10, 2007 | 7:59 AM ET
CBC News
http://www.cbc.ca/money/story/2007/1...-exchange.html

The Montreal and Toronto exchanges announced a $1.3-billion merger on Monday that will see the country's two largest exchanges become one.

The new organization — to be known as TMX Group — will be managed from Toronto, but the trading of financial derivatives products will stay in Montreal.


In the stock and cash deal, Montreal Exchange shareholders would receive half a share of TSX Group and $13.95 in cash for each of their shares.

That values each share of the Montreal Exchange at $42.56, based on Friday's closing price for TSX shares.

On Monday, shares of the Montreal Exchange rose more than eight per cent to close at $40.18. TSX Group shares declined more than five per cent to $53.88.

"The combination is an important milestone in the development of the Canadian capital markets, delivering benefits to all market participants and the shareholders of both organizations," TSX Group CEO Richard Nesbitt said in a release.

"We believe that an integrated national exchange is the optimal solution to meet the evolving requirements of our broader customer base," he said.

The Montreal Exchange's board of directors is recommending that its shareholders vote in favour of the combination.

Under terms of a non-compete deal reached in 1999, the Montreal Exchange became Canada's only market for trading in financial derivatives, while the Toronto-based TSX Group consolidated the country's equity trading boards. That deal was to expire in 2009.

"I am enthusiastic about the future of the derivatives markets that Montreal Exchange has been building for many years," Montreal Exchange president Luc Bertrand said. "Through this agreement, Montreal will remain the centre of Canada's derivatives markets."

The merger had been rumoured for several months.

Negotiations are reported to have been rocky. When Bertrand's name was first put forward for president of the new exchange earlier this year, the TSX Group was uncomfortable and merger talks fell apart as a result, the CBC's Amanda Margison reported.

Residency requirement

Merger talks resumed last month.

Under the new agreement, Nesbitt will be the CEO of the TMX Group and Bertrand will be be deputy CEO. Bertrand will continue as the chief executive officer of the MX and will also assume responsibility for information technology of the TMX Group.

The agreement also requires that 25 per cent of TMX directors be residents of Quebec.

The merger deal is expected to close in the first quarter of 2008.

Stock exchanges around the world have been consolidating rapidly as a way of cutting costs amid growing competition from alternative exchanges.
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  #65  
Old Posted Dec 21, 2007, 1:03 PM
WaterlooInvestor WaterlooInvestor is offline
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You guys do realize there are lots of other Canadian Business news stories going on right? For example, I'm surprised the Saskatoon forumers aren't posting about Potash Corp which has been having a nice run.

That said, RIM's latest #'s again made worldwide news (CNN, Wall Street Journal, etc..) and even affected European share prices (http://www.marketwatch.com/news/stor...D&siteid=yhoof)

From the Globe and Mail: http://globeinvestor.com/servlet/sto...m1220/GIStory/
  • The company's enterprise division also performed well, signing up its single largest government client to date when the FBI agreed to outfit 18,000 of its agents and analysts with BlackBerry devices.

IMO, It's kinda cool the FBI will now be using Canadian Technology.

Research In Motion: What Slowdown?
Analysts figured cuts in corporate tech spending would hurt the BlackBerry maker's earnings. But smart marketing to consumers has paid off
by Arik Hesseldahl, a reporter for BusinessWeek.com.
http://www.businessweek.com/technolo...eek+exclusives

If there's supposed to be a big slowdown in corporate IT spending, then someone forgot to tell Research In Motion (RIMM). The Canadian maker of the wildly popular BlackBerry wireless device reported sales that doubled over the year-ago quarter and profits that grew even better over the same period.

But then corporate spending was really only part of the story for RIM, which has over the year made a concerted push into consumer markets with new, sleeker devices, adding cameras and music-playing features it had long eschewed.

Profits Soar
Clearly RIM's new image—less suit, more T-shirt—is paying off. Sales for the quarter were $1.67 billion, a 100% improvement over the $835 million reported a year ago, and a 22% boost from $1.37 billion in sales during the prior quarter. Profits came in at $370.5 million, or 65¢ per share, 111% better than in the year-ago quarter, and a 28% improvement sequentially.

RIM's powerful results delivered a strong counterpoint to the conventional wisdom that tech spending by large corporations, the company's bread-and-butter customer base, is heading into a slowing period. The ongoing credit crunch, which has pummeled the financial community and resulted in restructuring and layoffs at banks and other institutions, would appear to drive right to the heart of that base. Investment bankers and financial executives are big BlackBerry addicts, and in most cases their devices are paid for by employers.

Yet the company appears to have suffered no ill effects whatsoever. RIM added a net 1.65 million subscribers, and shipped 3.9 million units, finishing the quarter with 12 million Blackberry users. Nearly half of the new subscribers were either consumers or small business accounts, RIM co-Chief Executive Jim Balsillie told analysts.

The numbers beat analysts' expectations; many of them had predicted revenue of $1.65 billion, per-share earnings of 62¢, and 1.7 million net subscriber additions. "Sales and earnings were much better than we expected, but I think they may have been a little conservative on the forecast," says James Faucette, analyst with Pacific Crest Securities in Portland, Ore.

RIM's forecast for the current quarter, its fiscal fourth, looked even stronger. RIM projects sales will come in between $1.8 billion and $1.87 billion, with earnings per share coming in at 66¢ to 70¢. The company also said it will add another 1.82 million subscribers. RIM shares, having finished the regular trading session on Dec. 20 up more than 4%, to $106.99, soared in after-hours action by more than $10 a share, to $117.63.

Pricing Strategy Aims at New Users
"They were obviously helped by AT&T (T) keeping their price on the BlackBerry Curve device at $99," says Tavis McCourt, an analyst at Morgan Keegan.

During a conference call with analysts, Balsillie noted that the BlackBerry has crossed the line from being a product aimed mainly at business users to one aimed also at mainstream consumers. In addition to new consumer-friendly devices, carriers pushed their subscription plans downward to attract entry-level users.

Balsillie told analysts that on Black Friday, the day after the Thanksgiving holiday in the U.S., the company hit a record for the highest number of new subscribers in a single day. Black Friday, he said, has historically tended to be an "unusually slow day" for subscriber additions. Sales were led heavily by the newest Pearl smartphone, a smaller version of the popular BlackBerry device, with carriers such as Verizon Wireless, a joint venture of Verizon (VZ) and Vodafone (VOD); T-Mobile, a unit of Deutsche Telekom (DT); and Sprint Nextel (S).
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  #66  
Old Posted Dec 21, 2007, 2:24 PM
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Damn, finally some updates about RIM.
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  #67  
Old Posted Dec 21, 2007, 5:28 PM
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Damn, finally some updates about RIM.
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  #68  
Old Posted Dec 21, 2007, 5:31 PM
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RIM stock is going through the roof.

I think we should rename the country.... Research in Motion!!!
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WE will have oil & technology!!! We will crush Norway.. "the new Canadian enemy"
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  #69  
Old Posted Dec 21, 2007, 7:19 PM
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Are you drunk, Caltrane?
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  #70  
Old Posted Dec 21, 2007, 10:27 PM
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Are you drunk, Caltrane?
No just delerious.....
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  #71  
Old Posted Dec 22, 2007, 1:54 AM
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Originally Posted by MolsonExport View Post
Damn, finally some updates about RIM.
Obviously, that's why you continue to frequent this thread.
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  #72  
Old Posted Dec 24, 2007, 8:16 AM
WaterlooInvestor WaterlooInvestor is offline
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Originally Posted by MolsonExport View Post
Damn, finally some updates about RIM.
As far as I can tell, I'm the only person who has an interest in this company and does a post with every report.

Canadian
National Post: http://www.nationalpost.com/story.html?id=190082
Toronto Star: http://www.thestar.com/article/287457
Montreal Gazette: http://www.canada.com/montrealgazett...f-d9afc0b09be7
The Vancouver Sun: http://www.canada.com/vancouversun/n...0-6136f5d6e085
Ottawa Citizen: http://www.canada.com/ottawacitizen/...48cf80b&k=6037
Calgary Sun: http://calsun.canoe.ca/Business/2007...35601-sun.html
Edmonton Journal: http://www.canada.com/edmontonjourna...2-ecc97fa492c1
Quebec City: their search engine doesn't work properly, but they've had many articles in the past
Hamilton Spectator: http://www.thespec.com/News/Business/article/300009
Winnipeg Free Press: http://www.winnipegfreepress.com/sub...-4694837c.html
Waterloo Region Record: http://news.therecord.com/Business/article/285699
London Free Press: http://lfpress.ca/newsstand/Business...36844-sun.html

International
CNBC: http://www.cnbc.com/id/22359033/for/cnbc/
CNN: http://money.cnn.com/2007/12/21/mark..._545/index.htm
Wall Street Journal: http://online.wsj.com/article/SB1198...googlenews_wsj
Fox Business: http://www.foxbusiness.com/markets/a..._416774_2.html
Forbes: http://www.forbes.com/markets/2007/1...markets07.html
Bloomberg: http://www.bloomberg.com/apps/news?p...AkhoI&refer=us
Reuters: http://www.reuters.com/article/usMkt...25387820071221
Financial Times: http://www.ft.com/cms/s/0/2692a298-a...0779fd2ac.html
Radio New Zealand: http://www.radionz.co.nz/news/latest...t_up_46_points

Quote from an article Waterlooson posted: http://biz.yahoo.com/ap/071221/wall_street.html

"Stocks rose for the second day after Research in Motion said late Thursday that its fiscal third-quarter profit more than doubled on strong demand for its BlackBerry smart phones. The results gave Wall Street hope that the technology sector has room to expand and that consumers and businesses are still spending."
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  #73  
Old Posted Dec 24, 2007, 2:58 PM
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the man's a human news feed!
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  #74  
Old Posted Dec 24, 2007, 6:28 PM
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He must have a really exciting life!

"RIM stock is up $3.43 and a Shopper Drug Mart just opened downtown!! BEST DAY EVAR!!"
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  #75  
Old Posted Dec 25, 2007, 12:29 AM
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He must have a really exciting life!
Not really, it's nowhere near as exciting as life in Thunder Bay.
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  #76  
Old Posted Dec 25, 2007, 1:42 AM
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Not really, it's nowhere near as exciting as life in Thunder Bay.
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  #77  
Old Posted Dec 25, 2007, 5:58 AM
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Life is only exciting here because at any moment, you could lose your job!
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  #78  
Old Posted Dec 25, 2007, 6:36 AM
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yea but vid you have no job to loose your a lucky one
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  #79  
Old Posted Dec 25, 2007, 6:56 AM
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I can quit while I'm ahead!

And I volunteer, so it's not like I'm just sitting around doing piss-all.
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  #80  
Old Posted Dec 27, 2007, 2:24 AM
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Resource companies enjoy eventful year
Murray Lyons, The StarPhoenix
Published: Wednesday, December 26, 2007

Observers and investors in the two big publicly traded resource companies based in Saskatoon might be forgiven for wanting to quote Charles Dickens in describing the fortunes of Potash Corporation of Saskatchewan, Inc. and uranium producer Cameco Corp. respectively in 2007.

It was the best of times. It was the worst of times . . .

Both companies are widely held and listed both on the Toronto and New York exchanges, but shareholders of each had a different rides during the year.

A graph of the PotashCorp share price looks like an expedition heading up Everest. The share price started at around $51 at the beginning of the year and marched uphill well past $130. It has managed to linger in that region as the year neared its end. All along the way up, the company reported record quarterly sales and net profits.

This year, PotashCorp overtook Toronto-based Barrick Gold to become Canada's highest valued gold mining company by market capitalization, with a $40-billion market cap exceeding the former leader by a healthy $7 billion.

Things couldn't have gone better for the company on the sales front. Demand for fertilizer, particularly potash, grew in both Asia and the Americas along with the rising demand for crops such as corn, soybeans and palm that are grown for both human consumption and processing into biofuels. Asian potash buyers were paying $265 US a tonne out of Vancouver in November, a 44 per cent year-over-year rise.

Meanwhile, the "worst of times" analogy may be a bit overblown for Cameco, although there were times when the company seemed to be under siege or just under water. A graph of Cameco's share price showed the stock moving steadily upward until mid-summer when it hit a peak of $59.90 and then began a steady slide down to below $36. The spot price of uranium slid as Cameco reported more difficulties throughout its far flung operations, including contamination under its key refining building in Port Hope, Ont., a longer time frame for fixing the flooded Cigar Lake asset, and late in the year, yet another underground flood at a mine in northern Saskatchewan. This time, it was the venerable Rabbit Lake operation that temporarily shut down.

Throughout the year, Cameco kept revising the time frame it would take to fully plug the major geological leak underground at the Cigar Lake project and move that high-grade deposit toward production, now not slated until 2011. In the week before Christmas, Cameco provided a Cigar Lake update that seemed like positive news.

The company expected to be ready by February to do a test to show how well its concrete plug at the water inflow area is holding. It also said work to control water inflow at Rabbit Lake was successful. In two days of trading after that update, Cameco's share price recovered to $39.56

Cameco executives might argue the "worst of times" never applied to the company's quarter-by-quarter results in 2007.

Because of the big run-up in uranium prices, partly triggered by the Cigar Lake flood itself in October 2006, Cameco is headed for a year of record revenues and perhaps net earnings as well.

In the Saskatchewan economy, both big public companies accelerated capital spending with PotashCorp announcing major expansions at Rocanville potash mine in eastern Saskatchewan and at two Saskatoon-area mines at Cory and Patience Lake. The company also announced an expansion at its New Brunswick operations, on par with the expansions of Rocanville and Cory.

Permanent job growth at the mine and mill sites in Saskatchewan is expected to grow by several hundred people at each as the company accelerates, by three years, its ability to produce 15 million tonnes of potash annually by 2012. All told, the company is committed to spending about $3.5 billion in Saskatchewan and another $1.6 billion in New Brunswick.

PotashCorp president and CEO Bill Doyle says his company is the best positioned in the world to expand production quickly, by using existing mine infrastructure to expand underground operations and add to milling capacity at surface.

Some junior companies in Saskatchewan have announced they are well into the "scoping" process and could see completely new mines built in the province, the first in four decades while several other producers such as Agrium and Mosaic Company are also looking at expansions of existing mines and possibly new greenfield mines as well. But PotashCorp's head says they won't be caught napping.

Cameco increased the size of its permanent staff throughout the year as it took on more experts in such areas as hydrology and mine engineering. The growing staff complement was bolstered also by increased work for engineering and environmental consulting companies based in Saskatoon. The company went looking for more office space in the city.

Besides the ongoing problems with mines and uranium refineries requiring environmental cleanups before operations can restart, Cameco's top executives spent part of the year playing defence, especially after a particularly harsh assessment by an analyst in mid-summer who referred to Cameco's head office -- hived off in an industrial part of Saskatoon -- as Sleepy Hollow due to its inability to make big acquisitions to broaden its global uranium reach.

In at least two successive conference calls with analysts, Cameco president Jerry Grandey bristled at the notion his company was not attempting to secure future quality uranium properties.

Grandey told them the company has an active exploration program. He said the company is working on joint venture projects on highly prospective uranium properties in Canada and around the world and the soaring spot price of uranium had skewed economics this year away from potential targets.

Grandey pointed out to analysts that Cameco's mine production should grow 80 per cent over the next nine years, reaching 36 million pounds of uranium by 2016, just through organic growth.

Analysts are hoping 2008 is the year Cameco will make the water in its mines go away.

mlyons@sp.canwest.com

Source
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