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Mid-morning report: Statistics Canada reveals harsher reality

Stockhouse Editorial
0 Comments| February 8, 2013

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The TSX composite was higher, rising 42.86 points to 12,789.78 in mid-morning trading on Friday. The Dow was up 41.59 to 13,985.64, while NASDAQ gained 27.90 to 3,193.04.

Gold miner Aurizon Mines Ltd. (TSX: T. ARZ, Stock Forum) said it was in talks with a number of potential buyers, after rejecting an unsolicited $780-million offer from Alamos Gold Inc. (TSX: T.AGI, Stock Forum) last month. Aurizon fell 0.22% to $4.63 in mid-morning trading.

In other news, China’s exports and imports surged signaling a recovery in domestic and overseas demand.

The price of gold fell US$3.04 to US$1,668.44 an ounce, while silver eased US$0.05 to U$31.52 an ounce.



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