Today on Stockhouse
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Get the facts on gold investing including eight exclusive feature stories in the Stockhouse North American Gold Report.
Peter Kennedy reports that this CEO says the jury is still out on paid promotions in his Stockhouse Short Report.
Top Bullboards post: “Also, don't forget that GCU already has a completed NI 43-101 done on the Gallium deposit, and because of Cordero's location, the deposit, in 'Humbolt County' it CAN be worked and developed easily on a year round basis----it is lonely out there, (sparsely populated), but it is not ISOLATED, in that there is a road right up to its doorstep, and power etc., whatless a nearby 'built-in workforce!” From BARN BREATH on the Gold Canyon Resources (TSX: V.GCU, Stock Forum) board.
Top Bullboard:Wi-LAN Inc. (TSX: T.WIN, Stock Forum) received the most reads and posts.
Top blog: 2fast4you presents an article on how potash prices could climb in the Sweet on Coal, Silver, Potash & Gold... ;0) blog.
For news about small stocks that made big moves in Thursday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“People are hesitant to make big bets today right in front of the big payrolls report tomorrow,” said Alan Skrainka, chief investment officer at Cornerstone Wealth Management, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Campbell Soup Co. ( NYSE: CPB) |
Q4 |
$0.38 vs. $0.33 |
|
| Selected expected Canadian earnings releases for Friday |
| (Consensus Estimates vs. Last Year) |
|
| Canadian Western Bank ( TSX: T.CWB) |
Q3 |
$0.54 vs. $0.59 |
|
| Laurentian Bank Of Canada ( TSX: T.LB) |
Q4 |
N/A vs. $0.30 |
|
Today In The Markets
Stocks down amid solid TD earnings, manufacturing data ahead of key jobs data
|
| DJIA |
11,493.57 |
-119.96 |
 |
|
| NASDAQ |
2,546.04 |
-33.42 |
|
|
| S&P500 |
1,204.42 |
-14.47 |
|
|
| S&P/TSX |
12,700.74 |
-67.96 |
|
|
| S&P/TSX Venture |
1,812.47 |
+1.60 |
 |
|
(The Canadian Press) TORONTO-NEW YORK - The Toronto stock market closed lower despite a strong earnings report from TD Bank (TSX:TD) and indications the U.S. manufacturing sector is holding up better than thought.
The S&P/TSX composite index lost 67.97 points to 12,700.74 while the Canadian dollar rose 0.41 of a cent to 102.51 cents US.
New York markets were lower despite data showing the U.S. manufacturing sector continued to expand in August.
The Dow industrials closed down 119.96 points at 11,493.57. The Nasdaq composite index dropped 33.42 points to 2,546.04 while the S&P 500 index was down 14.47 points at 1,204.42.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Prospect Capital Corp. (NASDAQ: PSEC, Stock Forum) announced that Prospect has increased total commitments to its three-year revolving credit facility by $25 million to $400 million in the aggregate, filling the commitments allowed under the accordion feature in the Facility. The Facility, which has eleven lenders, has a reaffirmed investment-grade Moody's rating of A2. We are currently in discussions with our Facility agent regarding an extension of the Facility to a five-year term, comprised of three years for the revolving period followed by two years for the amortization period, with distributions allowed.
Kilo Goldmines Ltd. (TSX: V.KGL, Stock Forum) announced that further to the company's press release of July 25, 2011, effective today Alex van Hoeken has commenced serving as the new President and Chief Executive Officer of Kilo. Mr. van Hoeken replaces Peter Hooper in that position who was serving as Interim CEO. In connection with Mr. van Hoeken's appointment and subject to regulatory approval, Kilo has granted Mr. van Hoeken options to acquire 5,000,000 common shares under the Company's stock option plan exercisable for a period of five years at an exercise price of $0.20 per share.