Today on Stockhouse
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TickerTrax’s Thom Calandra believes this thin-vein mine might produce thick profit.
While Peter Kennedy reports on why dissidents are targeting the CEO of T.MNR.
Top Bullboards post: “If I read this correctly it sounds to me like they are saying they intend in 2011 to reach a joint venture agreement with someone for the development of Hackett River. That sounds good to me, I always thought it was far preferable for Sabina to sell the property than to attempt to mine it but a joint venture should be a good option as well. These guys have shown they are good dealmakers as evidenced by the acquisitions from Dundee.” From bot_feeder on the Sabina Gold & Silver (TSX: T.SBB, Stock Forum) board.
Top Bullboard:Intertainment Media (TSX: V.INT, Stock Forum) gathered the most posts and reads.
Top blog: yukon_gold gives advice on how to build a junior oil producer in the Yukon Gold Blog.
For news about small stocks that made big moves in Tuesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
"We are seeing some improvements but the disappointing jobs creation shows that the job market is not back to where we need it to be," said Ryan Detrick, senior strategist at Schaeffer's Investment Research, in an interview with Associated Press.
| Selected expected U.S. earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
 |
| Advent Software (NASDAQ: ADVS) |
Q4 |
$0.20 vs. $0.14 |
|
| Badger Meter (NYSE: BMI) |
Q4 |
$0.42 vs. $0.34 |
|
| Local.com (NASDAQ: LOCM) |
Q4 |
$0.19 vs. $0.13 |
|
| Randgold Resources (NASDAQ: GOLD) |
Q4 |
$0.52 vs. $0.29 |
|
| Veeco Instruments (NYSE: VECO) |
Q4 |
$1.61 vs. $0.41 |
|
| Selected expected Canadian earnings releases for Monday |
| (Consensus Estimates vs. Last Year) |
|
| None expected |
|
|
|
Today In The Markets
TSX closes lower as oil retreats; U.S. markets higher despite tepid jobs data
|
| DJIA |
12,092.15 |
+29.891 |
 |
|
| NASDAQ |
2,769.30 |
+15.42 |
|
|
| S&P500 |
1,310.87 |
+3.77 |
|
|
| S&P/TSX |
13,791.85 |
-49.50 |
 |
|
| S&P/TSX Venture |
2,370.29 |
+6.38 |
|
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed lower as oil and gold prices fell back on hopes for an end to the political unrest in Egypt.
Prices also retreated as the U.S. dollar strengthened, despite data showing far less U.S. job creation last month than expected.
The S&P/TSX composite index declined 49.5 points at 13,791.85 as the American economy created 36,000 jobs in January, far less than the 130,000 or so that had been expected.
The Canadian dollar closed up 0.26 of a cent to 101.17 cents US as the Canadian economy generated just over 69,000 new jobs last month, far higher than expectations for between 15,000 and 21,000 new jobs.
Oil fell $1.51 to US$89.03 a barrel.
The Dow Jones industrial average gained 29.89 points to 12,092.15. The Nasdaq composite index rose 15.42 points to 2,769.3 while the S&P 500 index climbed 3.77 points at 1,310.87.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Victoria Gold Corp. (TSX V.VIT, Stock Forum)
announces that Chad Williams has resigned as President and Chief Executive Officer of Victoria, effective immediately. Mr. Williams will continue as a director of Victoria. The Board of Directors of Victoria is pleased to announce that, effective immediately, Mr. John McConnell is appointed as President and Chief Executive Officer of Victoria.