Federal Reserve’s monetary policy. “We’ve been through this too many times that people are saying, ‘there’s going to be some posturing, there’s going to be some cliffhanging, but it doesn’t mean much as there’s no way they’re not going to increase the debt ceiling’,” said David Cockfield, a portfolio manager at Northland Wealth Management. The Toronto Stock Exchange’s S&P/TSX composite index was up 36.24 points, or 0.28 percent, at 12,872.95. Sentiment for Canadian equities has been recovering after a sluggish first half of 2013. The TSX has gained 9.5 percent since hitting a low in June. The benchmark Canadian index has outperformed the S&P 500 in the quarter to date, climbing nearly 6 percent. “The U.S. market certainly looks more overpriced than the Canadian market,” Cockfield said. “The Canadian multiples have come down to reasonable levels.” “People are recognizing that you can make money in Canada as well,” he added. The TSX is trading at a price to earnings multiple of 15.67, compared with the S&P 500’s 17.39, according to Thomson Reuters data. Nine of the 10 main sectors on the index were higher on Thursday. Canadian Natural Resources Ltd rose 1.2 percent to C$32.82 and had the biggest positive influence on the market; Suncor Energy Inc was up 0.4 percent, at C$37.25.
Rogers Media Launches Next Issue Canada – Ken Whyte Appointed President –
Markets close in 55 mins. Stock Watch Rogers Media Launches Next Issue Canada – Ken Whyte Appointed President – Press Release: Rogers Communications Inc. 50 minutes ago Subscription-based service way of future for content consumption Digital newsstand delivers more than 100 iconic Canadian and U.S. magazine brands Rogers Media becomes partner in Next Issue Media, along with Conde Nast, Hearst , Meredith, NewsCorp, and Time Inc. TORONTO , Sept. 26, 2013 /CNW/ – In keeping with its commitment to delivering the most innovative technologies and inspiring world-class content, Rogers Media today announced the launch of Next Issue Canada – the country’s leading-edge, all-you-can-read subscription digital magazine service. An exclusive partnership with Next Issue Media, Next Issue Canada, available October 15 , provides Canadian consumers with exclusive and unlimited access to a catalogue of more than 100 top-tier premium Canadian and U.S. titles all with just one easy-to-use tablet app and one monthly payment. “Rogers continues to be at the forefront of digital innovation, marrying the latest technologies with world-class content to lead the transition in how audiences experience their favourite brands. Our investment in Next Issue Canada reinforces our commitment to our digital future and the magazine industry,” said Keith Pelley , President, Rogers Media. “With the evolving media landscape and rapid growth of subscription-based services, Rogers Media is in an enviable position with our robust content offerings across publishing, television, radio, sports, and retail.” Today, Rogers Media also announced that the country’s most respected publishing expert, Ken Whyte , has been appointed President of Next Issue Canada. Previously, Whyte was President of Rogers Publishing and Custom Content. Added Pelley: “We believe so strongly in the digital future of content, and the power of the Next Issue platform, that we’re putting the country’s most creative publishing mind, Ken Whyte , at its helm. With Ken’s unrelenting passion for superior content and understanding of audiences, he will lead Next Issue Canada with the vision and spirit of inventiveness that has become his signature in the Canadian media landscape.” In conjunction with the launch of Next Issue Canada, Rogers’s magazine titles will be available to U.S. subscribers of Next Issue, beginning October 15 . “The Next Issue platform is the future of magazine content consumption. It was the first all-you-can-read subscription digital magazine service, serving up the world’s best magazines in a format that enhances what readers love about magazines: the sensory experience, the stunning visuals, in-depth content and the discovery of the unexpected,” said Whyte.
Canada’s CBC Hires Former PR Exec Heather Conway as Top Programmer
Heather Conway, a former CEO of Edelman Canada and executive vp of marketing and communications at former film producer and broadcaster Alliance Atlantis Communications, is expected to be named Thursday as executive vp of English-language services at the CBC, replacing Kirstine Stewart, according to the CBC.ca website. She is also a former vp of TD Bank Financial. Conway will oversee English-language TV, radio and online services at the cost-cutting public broadcaster. She most recently served as chief business officer at the Art Gallery of Ontario, where she was charged with finding new revenue streams. The CBC’s board of directors will be looking to Conway’s miracle-working skills to revive the CBC brand in a fast-changing digital landscape. The public broadcaster has had to cut costs and air more re-runs as it attempts to replace $115 million in government financing cut from the CBCs budget over three years. The network also faces the threat of losing its long-standing Hockey Night in Canada property on Saturday nights when the TV contract with the NHL shortly comes up for renewal. Rival networks like Bell Media and Rogers Media, which both run cable sport channels, are expected to take a run at the Hockey Night in Canada rights. News of Conway’s hire first appeared in the Globe and Mail newspaper. Arts & Entertainment
Canada Strategic Metals Report More High Grade Results With Up to 17.25% Graphite on La Loutre Property, Quebec
About Sakami The property straddles the structural contact between the Opinaca and La Grande subprovinces of the Archean-age Superior structural province. This is a major structural corridor that occurs on surface as a 100-kilometre-long “S” shape feature trending northeast to southwest. The Sakami property covers approximately 35 kilometres of this structure, which is up to 500 metres wide on the property. Since 1998 Matamec has made a number of new gold discoveries within or near this structural zone. To date most exploration work has focused on zone 25 where stratiform gold mineralization has been found hosted by a sequence of strongly silicified quartzites, arkoses and felsic dikes within paragneiss of the Opinaca subprovince. This mineralized horizon occurs as an antiform-synform pair that plunges moderately to the southwest. Matamec drilling has intersected it within a surface area of approximately 150 metres by 160 metres, and to a depth of 220 metres. The thickest mineralization is developed within the hinge zone of the two interpreted folds with drill intercepts including: 2.62 grams per tonne (g/t) Au over 54.70 m drill width from EX-10 and 4.16 g/t Au over 21 m drill width in EX-22. A broad envelope of lower-grade mineralization of approximately one gram per tonne gold characterizes the zone and encloses higher-grade sections typically ranging from one to three grams per tonne Au. Narrow high-grade intervals occur throughout the horizon often associated with discrete quartz veins containing pyrrhotite and tourmaline (for instance, drill hole EX-31 which assayed 10.02 g/t Au over 2.82 metres near the hinge of the synform fold). Gold mineralization occasionally extends into the enclosing paragneiss of the Opinaca where it is also commonly associated with quartz veins. The mineralized horizon is open both down plunge and laterally along the fold limbs and there are indications that, to the northwest, it is extending back to surface. As agreed, in the amended Option Agreement dated June 26, 2013 on La Loutre property in Quebec, the Company will settle $15,000 in outstanding indebtedness through the issuance to three creditors of an aggregate of 300,000 common shares at a price of $ 0.05 per share (the “Debt Settlement”). Of this amount, a total of $5,000 represents indebtedness owed to the President and CEO of the Company.