In the Canada, nothing gets the media’s attention like a shooting on Parliament Hill.
So in a week when investors were grappling with stock market volatility, their attention was diverted temporarily by the brazen efforts of a lone gunman who launched an attack on the Canadian parliament, fatally killing a soldier before he was shot dead by security forces.
It was a development that even caught the attention of U.S financial websites, including the Dow Jones-published MarketWatch, which also made reference to an Islamic convert who drove his car into two Canadian soldiers this week before being shot dead.
Here are some of the other stories that caught our attention at Stockhouse this week.
British Columbia made the long awaited announcement that it is climbing down from its proposed goal of setting a 7% income tax on liquefied natural gas, a move that won praise from the industry, but forced the province's finance minister to admit that an election promise to eliminate debt will be up to 15 years behind schedule.
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Silverbugs were headed to the annual Cambridge House International Silver Summit in Spokane, Wash., Thursday to hear what the newsletter writers are saying and meet with industry executives. But few attendees were willing to predict that prices can’t continue to fall, especially if gold drops through key support levels.
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Stockhouse news reporter
Gaalen Engen filed his weekly
Tech Roundup. This time the focus is on Crowdsourcing platform Kickstarter, Cryptocurrencies, and moves by HBO and U.S. network giant CBS to to compete directly with
Netflix Inc. (
NASDAQ: NFLX,
Stock Forum) by launching their own online streaming services. In the case of CBS that would include live television.
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Stockhouse Medical Marijuana specialist Chris Parry turned his attention to coal and how the Moneyball ethos might apply to investing in that beaten down commodity.
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Ticker Trax columnist Danny Deadlock says blue chip investors who had their wings clipped in last week’s market selloff will likely get little sympathy from hardened micro cap and penny stock investors on the TSX and TSX Venture.
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Stockhouse client companies in the news
Tech pioneer
SoMedia Networks (
TSX: V.VID,
Stock Forum) is making a splash by forging a path on the Internet that will exponentially boost the ability of businesses and other organizations to effectively engage both the investment community and the public through visual story telling. Co CEO Ben Pickering talked to Stockhouse about SoMedia’s explosive growth.
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Integra Gold Corp. (
TSX: V.ICG,
Stock Forum) Chairman George Salamis spoke to Stockhouse in a Q&A interview about how the company is forging a path to production by acquiring near Val d’Or, Que., by recently acquiring the Sigma-Lamaque milling facility.
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